How Do I Flip Coins?

In a word, research.
If it's a common date, I don't flip whatsoever unless the coin is silver or gold.
My trick is, I hold for about a year, see what's moving, and ebay it or sell at a show for more than I paid.
90% success rate on ebay starting at 99 Cents.

A very important key to remember is that you do NOT make money selling your coins (or any other collectible merchandise). You make money when you BUY the item.

In most instances it is only a matter of seconds to look up the value of any given coin in the completed listing of ebay. If you are buying and selling TPG's, then you can also use Heritage and Great Collections as a second and third way to know current prices.

But even if you are playing in the relatively safe playground of TPG's, you will see huge price differences between the same coin in the same grade from the same TPG.

An example is a Grant Classic Silver Commemorative that I'm watching right now. ebay has only had one sell in the grade I'm looking at, so not too much help. When I go to Heritage the price range is as much as 100% difference for that same coin in that same grade in the same TPG. Why? Eye appeal. Some folks will kill for nice toning. Others want sparkly shiners. Who is buying at the moment will determine the final price more than the coin itself, sometimes.

If you are dealing with raw coins, then you have to be able to grade the coins you are considering buying, you need to know if the coin has been cleaned, you need to examine the coin and have no doubt of what you believe the grade to be.

If you are wrong it can hurt. If it's a cheap coin, and the VF 35 value is $7 and the EF 40 (which you thought it was) is $10, you are down three dollars off the bat.

Buy what you know. Learn what you don't know.

If you have the bucks to do it, advertise in local shoppers and newspapers in the classified section that you are a buyer. Doing that requires a whole list of safeguards, and I won't get into that because its a completely separate topic, but it leads me back to the beginning.

You make money when you BUY, not when you SELL.

I usually flip coins by resting one on my index finger and tucking my thumb underneath, then asking, "Heads or tails?"

Is auctioning the coin on ebay better than BIN?

IF you have any coin shows in your area, best thing to do is become a dealer at them. OR go to them often and ask dealers if they want to sell some for you. One person I know just asked dealers and found one that wanted to share a table.

It depends what you are selling, but in my experience BIN is better, but patience is required. Recently began selling some coins, and have sold a few so far. They were all BINs, and am almost positive that if they were auctioned, they would have sold for less.

Depends, I find that if you are selling, the sipping fees are a big part of it. If you are selling 1 expensive coin, people won't care too much about the shipping fees because it gets dwarfed by the actual price of the coin.

But if you want to sell cheap coins, it is better to do bulk sells because no one wants to pay $5 shipping on a coin worth $1. But then you have to be careful you don't sell too many at once, because in the same breath no one wants to pay $20 shipping for a $20 2kg pile of coins.

If only I had a coin club nearby...