Great topic.

One who buys any item and resells it for profit with little to no value add. In Pinball replacing the rubbers and adding LEDs is NOT value add - IMO.
It Could be a flip for $50, $500 could be $5000, depends on the item.
There are flippers in everything, check out HGTV, all they show are house flippers... American Pickers, Pawn Stars... anyone who has surplus capital to spend and does not get emotional about sales of the "unit". It's just that, an item to them. Car dealers move numbers of units, not cars. Real estate agents sell X units...
Are there those who intentionally deceive to obtain a low ball cost to just immediately re-sell to make 25 - 50%, sure, but I think it is usually about volume.

Ok I couldn't resist.

A flipper is a device in pinball made up of several parts, the shaft, the pawl, the bat, a rubber ring and last but not least a coil. This coil aka solonoid is a device which converts electrical energy into mechanical energy via magnetic flux. Magnetic flux is generated when electricity is passed through multiple windings of copper wire wound around a cylinder. By using what's called the left hand rule, when one's hand is wrapped around the conductor, the direction the thumb points is the direction of electricity flow, this flow will cause the coil plunger to move. When properly configured and adjusted the flipper coils plunger retracts into the coil and thus allows the flipper to rotate in a bushing as intended, and thus it flips. We then apply Newton's Third law...

Some folks call them flappers, others paddles, or my fav, that thingie that 'flips' the ball...

now back to our regularly scheduled programming.

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