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#1
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Justifying a Big Purchase
Hey folks,
Could use some words of encouragement. I’m staring at a scarce pre-war card that has blown me away. It’s not cheap (for me at least). It would be the biggest card purchase of my life but I can pay for it in cash today. It doesn’t impact my ability to pay for any current or future bills. That said, I am still hesitant for some reason and I am not sure why. When I’m buying to later sell, I can justify it much more easily. This one is going to be a very long hold. What do you tell yourself in moments like this? How do you handle the mental gymnastics? Any help is appreciated! -Don Sent from my iPhone using Tapatalk |
#2
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The way I see it, you only live once. As long as you can afford it and aren’t overextending yourself, I say go for it. Of course, this philosophy has also resulted in me redoing the master bedroom and bathroom for my wife😳.
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www.imageevent.com/docpatlv |
#3
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Go for it. So far, I haven't regretted a few purchases like that. Worst case, if you buy at an ok price, you can sell it if you have to. It's not like you are wasting your money.
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Leon Luckey |
#4
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I have a couple of rules for when I make big purchases myself. Maybe this will help you.
I'll only spend what I consider to be a lot of money if I feel as though the card I'm buying is easily resold at a later date should I need the money back. That rules out most esoteric cards but it also means I generally see a pretty good return on what I buy (largely spending big on Cobbs and Ruths, for example. Easily sold later and usually for more than I paid). |
#5
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I would say that since you are putting this much thought into it and posting here asking, go for it.
There have been a few rarities I've missed on by waffling over the purchase despite having the cash on hand and ready. I don't regret missing them since something else has always come up to make me quickly forget, but there are a few pieces in my collection that I will have for a very long time that I don't regret paying for, and would be disappointed if I didn't own.
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⚾️ Successful transactions with: npa589, OhioCardCollector, BaseballChuck, J56baseball, Ben Yourg, helfrich91, oldjudge, tlwise12, inceptus, gfgcom, rhodeskenm, Moonlight Graham |
#6
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What is the real downside: if for some reason perhaps you have to sell it in the next few years for reasons unknown currently, maybe you consign to an auction and lose a few percents of what you paid?
Since you have no plans to sell, I say go for it. Doubt very much you will regret it. Most of my regrets past 7-8 years have been what I DIDN'T buy. Last edited by Snapolit1; 03-16-2023 at 07:45 AM. |
#7
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Quote:
I would not do it unless it's absolutely the RIGHT CARD at a CONSIDERABLE DISCOUNT to it's Real True Value that you can pay for in CASH in PERSON IN OTHER WORDS NOT ON A AUCTION HOUSE OR RETAIL PLATFORM You Said your hesitant for some reason and are not sure why....all I can say is TRUST YOUR GUT. |
#8
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I would guess you're naturally a saver when it comes to finances. There's nothing wrong with that. Your hesitation is really just your body's reaction to saying this doesn't feel right. So I would start by asking yourself why am I hesitant about this? Would spending the money make you feel less secure? Does it feel wasteful? Greedy? Would you be resentful of the card? There is a lot of introspective stuff that only you can answer. Having a good friend/spouse that you can bounce your feelings off of without being judged or telling you what to do/not do is a great thing in these situations.
For me, it really depends on what is going on at the time. I always pay cash so if I don't have enough, I don't get it. That includes making sure I have enough set aside that if something else I want more comes up I can still get that as well. Other things I consider is how easily I could recoup my money if I end up not wanting it down the road and what are the chances I'll see the card for sale again. I can also say that the more I've spent on a card the easier it has been to spend that same amount again, but I always have that same hesitation when I spend more than I have before.
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Current Wantlist: E92 Nadja - Bescher, Bridwell, Cobb, Donovan, Doolan, Doyle (with bat), Lobert, Mathewson, Miller (fielding), Tinker, Wagner (throwing), Zimmerman E/T Young Backrun - Need E90-1, T216 (all versions) E92 Red Crofts - Anyone especially Barry, Shean, and Evers |
#9
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Well stated advice:
Quote:
Quote:
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I have been a Net 54 member since 2009 and have an Ebay store since 1998 https://www.ebay.com/usr/favorite_things Cards for sale: https://www.flickr.com/photos/185900663@N07/albums I am actively buying and selling vintage sports cards graded and raw. Feedback as a buyer: https://www.net54baseball.com/showthread.php?t=297262 I am accepting select private consignments of quality vintage cards (raw or graded) and collecting "want" lists for higher end ($1K+) vintage cards. |
#10
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Is it your main wheelhouse of collecting? Maybe you're hesitant because it's not what you normally buy?
I have bought a few cards outsideof my normal habits (I prefer memorabilia) over the last 18 months that I turned around and sold to purchase my main interest. One memorabilia item got shipped this morning and it's a doozy! If it's truly going to be a main PC item, go for it. The more expensive items I own are the ones I still think "I can't believe I own that." Sent from my SM-G9900 using Tapatalk
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Barry Larkin, Joey Votto, Tris Speaker, 1930-45 Cincinnati Reds, T206 Cincinnati Successful deals with: Banksfan14, Brianp-beme, Bumpus Jones, Dacubfan (x5), Dstrawberryfan39, Ed_Hutchinson, Fballguy, fusorcruiser (x2), GoCalBears, Gorditadog, Luke, MikeKam, Moosedog, Nineunder71, Powdered H20, PSU, Ronniehatesjazz, Roarfrom34, Sebie43, Seven, and Wondo |
#11
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I'm in a similar spot as the OP. Though possibly for much less money, it would be my largest single-card purchase, a significant HOFer that I want to get eventually and will keep for life. The quandary (maybe sgared by the OP) is that pulling the trigger will limit my ability to buy some other cards on my want list for a while. I'd love owning and looking at the big-ticket item, but it would be tough sitting on the sidelines for a while.
I love birthdays because I can have my cake and eat it, too. Doesn't always work easily in the hobby. Eise Sent from my SM-G970U using Tapatalk |
#12
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I guess I go against the grain here, but since you started with....give me some encouragement?
I would say that you are not ready to purchase this card. You need to wait until you can pull the trigger without having to ask for a boost Just my thoughts, good luck |
#13
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If you had to have it, you would have just bought it, not asked the Board I think?
That should tell you something.
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My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. Last edited by Peter_Spaeth; 03-16-2023 at 08:49 PM. |
#14
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Agreed!
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#15
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As long as you are comfortable with the purchase price I say go for it!
Card is scarce and pre-war --- check Card has blown you away --- check You can afford the card --- check You plan on keeping the card for awhile --- check We all work and have an income to enjoy things in life Go get your card and enjoy it
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Tony Collecting: 1909-1911 T206 Southern Leaguers (Alabama) 1914 Cracker Jack Set (91 out of 145) |
#16
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I appreciate all the feedback
Card has been purchased I’ll share when it comes in Sent from my iPhone using Tapatalk |
#17
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You won't regret it! Congrats!
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#18
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Awesome, congrats! Enjoy. Can’t wait to see what you got (the card that launched a thread with over 80 replies)
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#19
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Appreciate you very much sir! Seeing your showcase as well as Andrew's, Howard's, and many others at the meetup last month has inspired me to level up my game!
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#20
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Nice card, and you know I fully back the subject/player! Great pick up. And thanks for the kind words
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#21
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Don, congrats on taking your game up to a new level. I doubt you'll ever regret this acquisition of The Flying Dutchman.
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Seeking very scarce/rare cards for my Sam Rice master collection, e.g., E210 York Caramel Type 2 (upgrade), 1931 W502, W504 (upgrade), W572 sepia, W573, W575-1 E. S. Rice version, 1922 Haffner's Bread, 1922 Keating Candy, 1922 Witmor Candy Type 2 (vertical back), 1926 Sports Co. of Am. with ad & blank backs. Also T216 Kotton "NGO" card of Hugh Jennings. Also 1917 Merchants Bakery & Weil Baking cards of WaJo. |
#22
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Great card, congrats! You will not regret that purchase.
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#23
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Screw it, here it is.
Sent from my iPhone using Tapatalk |
#24
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Fantastic and Congrats
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Thanks all Jeff Kuhr https://www.flickr.com/photos/144250058@N05/ Looking for 1920 Heading Home Ruth Cards 1917-20 Felix Mendelssohn Babe Ruth 1921 Frederick Foto Ruth Joe Jackson Cards 1916 Advertising Backs 1910 Old Mills Joe Jackson 1914 Boston Garter Joe Jackson 1915 Cracker Jack Joe Jackson 1911 Pinkerton Joe Jackson Shoeless Joe Jackson Autograph |
#25
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Big purchase
Well done! Great card. Trent King
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#26
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Awesome Card, Congrats!!
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#27
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It’s here
Sent from my iPhone using Tapatalk |
#28
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Great card, congrats!
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Buying Kansas CDVs, Cabinets, RPPCs and other pre 1930 memorabilia. |
#29
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Very nice. Congrats!!
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Leon Luckey |
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