Why Flip A House When You Can Flip A Coin?

Some very good points here!

Roll hunting is definitely a good way to get your feet wet, if you want something that is essentially zero-risk. Searching cents for WAM is a fairly safe bet; the general public is unaware that such cents exist, and the 1998 and 2000 go for a good $5 on ebay.

If you are going to flip anything for profit, you need three things going for you:

1. Knowledge to be able to sort out a good deal from a bad one.

2. Work ethic to put in the hours that the seller is unwilling to.

3. Dumb luck to find the deal in the first place, and double dumb luck to be the only bidder to recognize it as such.

I've made $750 off of a $5 purchase. It really helps to know your stuff, and in this case, rare die varieties.

What I do is set aside a specific amount (for me, it was around $1000), and set a specific ebay algorithm. Find good deals (usually at 50% or less of wholesale) and flip them. Keep what you want, as long as you can cover the cost with what you sell. You can amass quite a collection following this method. (I doubled the value of my US type set, got ~$4000 in Chinese coins, and bought a new musical instrument without having to dip into my pocket outside of the $1000. I have been doing this for a little under a year now.)