Whats the difference between a "real collector" and a "flipper"

[Zeuk]

There wouldnt be much liquidity without it

[James32]

6 minutes ago, sovereignsteve said:

There will be many collectors, on here for sure, who do a spot of flipping to help finance their bloody expensive hobby.

Why shouldn't the knowledge you build up, or should build up in order to be a good collector, be put to good use to increase the value of your collection/stack?

Very well put.

[TeaTime]

I can't afford to be a flipper !

And that's the reality for most of the people (including me) who object to it. If i really want a particular coin to collect (fondle, stare at, lick, whatever) it may mean going without something else to be able to afford the purchase. Knowing someone has purchased multiples, cutting me out of the option of MRP, is a bitter pill to swallow. 

The biggest difference between a collector and a flipper ? Disposable income 😁

[sovereignsteve]

31 minutes ago, TeaTime said:

I can't afford to be a flipper !

And that's the reality for most of the people (including me) who object to it. If i really want a particular coin to collect (fondle, stare at, lick, whatever) it may mean going without something else to be able to afford the purchase. Knowing someone has purchased multiples, cutting me out of the option of MRP, is a bitter pill to swallow. 

The biggest difference between a collector and a flipper ? Disposable income 😁

To a large degree you are right. This is the reality with most aspects of life; the haves and the have nots. But history teaches us that this has not been a barrier to the truly determined.

Setting up a small coin "business", side-hustle, whatever you want to call it, is no different to any other avenue. Ebay has made it possible to do this. There are even tutorials you can watch, a plethora of instructional on-line literature.

OK you need some working capital, it's the same for any venture, but people have been starting small "businesses", buying and selling, for centuries. It just needs a bit of "get up and go". I suspect that most people have some financial outgoings they could do without for a while in order to finance their new venture.

You can start with a few cheap silver coins, even old scrap silver coinage will do and build up from there. It takes time and patience, but if you have what it takes, it can be done.

If you stick at it, you could even aspire to be as successful as @Paul or, dare I even whisper the name, @LawrenceChard😉

[Booky586]

11 hours ago, sovereignsteve said:

There will be many collectors, on here for sure, who do a spot of flipping

A flipping collector, that's me 😀

[Britannia47]

1 hour ago, Booky586 said:

A flipping collector, that's me 😀

I've never flipped anything as a collector, or in fact sold any of my gold coin collection in 25 years, so what category am I in?  Perhaps I belong in a Monastery!

I now have a fairly complete collection of sovereigns, plus 1oz gold bullion, Brits, Proof sets etc, but have never bought to make money.  Also I have never graded anything, but do understand  why flippers/stackers and most collectors want to preserve them this way. I prefer to keep stuff in their original boxes eg 1989 set.  All my coins are 'free range' and not locked up in sonically sealed plastic prisons with prison numbers 69 or 70. Maybe I am odd, but I do believe everyone should keep in 'touch' with their gold by having certain coins they can handle/fondle......🙂

 

[SiCole]

Just seen there's a new flipper in town!

https://www.royalmint.com/sovereign/all/Elizabeth-II-2022-Piedfort-Proof-Sovereign/