Flipping/Collecting/Stacking

[Pipers]

Just watched @Numistacker youtube video about flipping/ collecting/stacking 

link 

I was not aware flippers were despised good job I'm not one.

I do disagree on the point about Apmex etc, All business push prices up until sales drop off thats how the market works.  HT had a thread going about 18 months ago showing that silver dealers were pushing profit margins up. The best remedy would be to stop buying from the dealers if they are to expensive, sales will go down then the dealers will reduce their margins. 

Whats everyone else's view  

[HawkHybrid]

are flippers reserving a coin that may not otherwise be minted

for a collector who was unable to purchase said coin at the

time that it was first available? there is a reservation fee, of

course.

 

HH

[Guest]

My point was that there is a symbiotic relationship between stackers/collectors and dealers and that they feed off each other. Collecting is in part financed by profit/liquidity and if dealers are too greedy it makes it possible for collectors to collect less.

[Pipers]

I see what you are saying, if A has £1000 to spend and the main dealer puts the price up A can not buy as many coins. In the past A would keep 1/2 and sell 1/2 over a 6 year period.  What is now happening is main dealer is putting the price up and keeping coins back to sell on at a later date, so by bypassing A the flipper!  Your point, then is A will then soon realise he cannot make money (flipping coins) so reduces the amount he purchase's even more and becomes a collector only and not interested in selling coins. This reduces sales in the long term to the main dealer!!! 

[Guest]

Yes a healthy market is one where each party takes a small bit of the profit potential and more deals are done overall.

Look at how we all rail against royal mint and that's partly because they have a short term profit maximization strategy and as a consequence they try to appeal to the public and old people and gift givers etc and not collectors or stackers.

[BaldyBob]

Very true, everyone has a little bit of 'flipper' in them. A profit is a profit after all. Who wants to sell at a loss?

As long as you leave a little bit of profit potential for the next man.

[Kman]

If all coins were bought by adamant collectors who didn't flip, what the hell would someone do who starts collecting in the future and wants to backdate?  

Everything would be hoarded lol 

It's annoying have to pay an extra premium of course, but at least you can get something you want 

Also RE: paying an extra premiun. As long as you can sell the coin in the future for what you paid for it, you aren't losing anything & hopefully it will be something that instead will increase in value. 

 

[sovereignsteve]

Flippers are just another link in the chain between manufacturer and final customer.

Dealers are just flippers too.