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Selling MnGCA coins for profit?
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bflentje
Geocacher


Joined: 29 May 2006

Posts: 4054

PostPosted: Tue Nov 06, 2007 12:45 pm    Post subject: Reply with quote

Other than bad taste, what is stopping any of us from listing our own coins for profit? I am NOT talking about the limited edition coins.
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Pear Head
Past MnGCA President


Joined: 04 Apr 2004

Posts: 5707

PostPosted: Tue Nov 06, 2007 1:22 pm    Post subject: Reply with quote

I suppose nothing is stopping you, limited, members, or otherwise.
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merkman
Past MnGCA Board


Joined: 03 Jun 2006

Posts: 2032

PostPosted: Tue Nov 06, 2007 1:31 pm    Post subject: Reply with quote

You purchased it therefore belongs to you.
You can sell it for a profit, a loss, give it away, or do most anything with it.
Heck you can even keep it untill you croak and your next of kin sells it in "bad taste".

I think if it were given to you the item "may" have some strings attached as long as those strings were communicated before you accepted the item.

I can't see how it is in anyway "bad taste" to sell an item you purchased.
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Marsha and Silent Bob
Past MnGCA President


Joined: 02 Sep 2003

Posts: 6261

PostPosted: Tue Nov 06, 2007 1:41 pm    Post subject: Reply with quote

merkman wrote:
I can't see how it is in anyway "bad taste" to sell an item you purchased.

The only bad taste here is the remnants of nibbling on troll food.
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Kitch
Past MnGCA Board


Joined: 18 May 2003

Posts: 1286

PostPosted: Tue Nov 06, 2007 1:44 pm    Post subject: Reply with quote

I know a few hardcore traders will not "trade" geocoins with you once you are labeled as a seller.
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King Boreas
Geocacher


Joined: 16 Dec 2002

Posts: 2442

PostPosted: Tue Nov 06, 2007 1:51 pm    Post subject: Reply with quote

Marsha and Silent Bob wrote:
merkman wrote:
I can't see how it is in anyway "bad taste" to sell an item you purchased.

The only bad taste here is the remnants of nibbling on troll food.



mmmm ... troll food

It's not just for breakfast anymore.
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Pear Head
Past MnGCA President


Joined: 04 Apr 2004

Posts: 5707

PostPosted: Tue Nov 06, 2007 2:23 pm    Post subject: Reply with quote

Back on topic please.
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merkman
Past MnGCA Board


Joined: 03 Jun 2006

Posts: 2032

PostPosted: Tue Nov 06, 2007 2:36 pm    Post subject: Reply with quote

Moderator can you clean this thread by moving the off topic messages 2-9 to a new thread?

From here on
http://www.mngca.org/forum/viewtopic.php?t=3463&start=2

Thanks
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bflentje
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Joined: 29 May 2006

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PostPosted: Tue Nov 06, 2007 2:43 pm    Post subject: Reply with quote

Kitch wrote:
I know a few hardcore traders will not "trade" geocoins with you once you are labeled as a seller.


Well, since I do not collect nor actively trade coins I am sure I can handle that. I have no immediate plans... I was just asking.

I've unintentionally accumulated a number of MN themed coins. And since I won't start officially collecting them I was wondering about options in the future if I decide I don't want them anymore.
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merkman
Past MnGCA Board


Joined: 03 Jun 2006

Posts: 2032

PostPosted: Tue Nov 06, 2007 3:47 pm    Post subject: Reply with quote

bflentje wrote:
Kitch wrote:
I know a few hardcore traders will not "trade" geocoins with you once you are labeled as a seller.


Well, since I do not collect nor actively trade coins I am sure I can handle that. I have no immediate plans... I was just asking.

I've unintentionally accumulated a number of MN themed coins. And since I won't start officially collecting them I was wondering about options in the future if I decide I don't want them anymore.


EP Minnesota is looking for a MN Loon.
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pfalstad
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Joined: 02 Feb 2006

Posts: 1013

PostPosted: Tue Nov 06, 2007 5:35 pm    Post subject: Reply with quote

The only thing that would be bad taste would be selling your coins before merkman's auction is finished. The hardcore traders probably wouldn't care either unless you sell coins that are for trading only.
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bflentje
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Joined: 29 May 2006

Posts: 4054

PostPosted: Tue Nov 06, 2007 8:37 pm    Post subject: Reply with quote

pfalstad wrote:
The only thing that would be bad taste would be selling your coins before merkman's auction is finished. The hardcore traders probably wouldn't care either unless you sell coins that are for trading only.


I don't see how that can be any more tasteless than waiting. There are a zillion listings on eBay and no one seems to wait for my auctions to finish before listing similar items.

I think I'll probably be listing the following items:
- 5th Anniversary MN Cache Bash
- MN Showy Lady Slipper
- MNGCA Gold LE, both coins (I'll keep MO and standard issue coins)
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pfalstad
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Joined: 02 Feb 2006

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PostPosted: Tue Nov 06, 2007 9:16 pm    Post subject: Reply with quote

bflentje wrote:
I don't see how that can be any more tasteless than waiting. There are a zillion listings on eBay and no one seems to wait for my auctions to finish before listing similar items.

Laughing Right... Well, since merkman didn't seem to mind, it is probably fine. I just remember coin sellers in the past (like Arctic for example) not liking it if people sold their coin on ebay before they got a chance to.
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bflentje
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Joined: 29 May 2006

Posts: 4054

PostPosted: Tue Nov 06, 2007 9:35 pm    Post subject: Reply with quote

pfalstad wrote:
bflentje wrote:
I don't see how that can be any more tasteless than waiting. There are a zillion listings on eBay and no one seems to wait for my auctions to finish before listing similar items.

Laughing Right... Well, since merkman didn't seem to mind, it is probably fine. I just remember coin sellers in the past (like Arctic for example) not liking it if people sold their coin on ebay before they got a chance to.


If Arctic was giving them away I TOTALLY understand. If he sold them to people, at any % over cost, who then listed them for sale, then I'll refrain from commenting... AND I DON'T KNOW either way so I'll end it there.
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Arcticabn
Past MnGCA Board


Joined: 30 Nov 2003

Posts: 1846

PostPosted: Tue Nov 06, 2007 9:39 pm    Post subject: Reply with quote

Let's clear the air here. I never prevented anyone from trading or selling my personal coin. I may have asked for the opportunity to sell some of mine first so that I could make my money on the production back. But I never prevented anyone from not selling them. Nor complained if they did.

It is also my understanding that many coin collectors will buy two or three with the intention of selling all but one in order to recoup their money. Thus their collections costing them nothing in the end.
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