1952 Topps Mickey Mantle PSA 3 Available in Complete 1952 Topps Set Break at National

bnorth · #1 09-12-2016, 08:28 AM

Quote:

Originally Posted by Peter_Spaeth

Rich I don't follow your math although I may be missing something. 407 slots times 350 per slot is over 140K gross?

LOL, I seen that also. I figured Rich has not had his second cup of coffee yet.

Rich Klein · #2 09-12-2016, 09:23 AM

Quote:

Originally Posted by bnorth

LOL, I seen that also. I figured Rich has not had his second cup of coffee yet.

Dead on, multiply my numbers by 2 and the answer is $140K -- I need that second jolt of caffeine. Trust me, I'm noticing that in my real life work as well. Coke zero time -- here we come

Rich Klein · #3 09-12-2016, 09:41 AM

Now that we using $150K as our price point for selling out this break

Let's see where the rest of this goes

$23K on Mantle -- assuming that is correct

96 other 52 High Numbers and let's say $100 each for decent looking copies

$9600 and since there are better cards such as Jackie, Roy and Eddie #407 lets make this double for $19K

310 other cards -- at an average of $20 each for collectible cards

$6200 and for argument's sake -- let's even make this full book for the easiest series commons at $40 each and this would be $12.4K

So

23K
19K
12.4K

54.4 K

and for fun -- let's add another 25 percent

54.4 K plus 13.6 K - Rounding to make even

68K

So the $150K for selling every slot is probably a double which is not outrageous for any company with overhead. I suspect Justin can probably do his percent a bit tighter as his work is probably a leaner operation

So I hope I got my math right this time

What percent would YOU make if you spent about 70K to build a 52 Set and wanted to do a break.

Oh, and as for the comment about how few cards are worth the money -- isn't that the whole point of Power Ball, Mega Millions and all those other lotteries.

Regards
Rich

1952boyntoncollector · #4 09-12-2016, 10:11 AM

Quote:

Originally Posted by Rich Klein

Now that we using $150K as our price point for selling out this break

So the $150K for selling every slot is probably a double which is not outrageous for any company with overhead. I suspect Justin can probably do his percent a bit tighter as his work is probably a leaner operation

So I hope I got my math right this time

What percent would YOU make if you spent about 70K to build a 52 Set and wanted to do a break.

Oh, and as for the comment about how few cards are worth the money -- isn't that the whole point of Power Ball, Mega Millions and all those other lotteries.

Regards
Rich

I agree with you if people wanted to do a power ball, mega million type break then thats for them. So far there just does not seem enough people that want that. Theres a reason instant lotto gives out prizes that are the price of their ticket in addition to the huge prices.

As to: What percent would YOU make if you spent about 70K to build a 52 Set and wanted to do a break.

If you spent 70k on a set card by card and paid the buyers premium etc in order to obtain them, i would expect the original buyer to lose 10-20% on all of the commons cards. Assuming he bought the cards the last few years. If he bought the cards in 1952 he would make a TOOON! Also you would expect to make to make money on the 5-10 key cards if bought them last year or earlier.

If you paid BIN for some of those cards you would lose even more as I am assuming you are paying auction prices.

The set break seller that receives the consigned the cards to do a 'set break' has every right to make money on the venture and can charge whatever they want to make it worth it. Twice the set value may be reasonable. I dont have an opinion on that at this time.

But yes for Lotto type situation its good for those types of people. I know i would be thrilled if i was the one that won the mantle. Ultimately its the people paying for the slots that decides if the price is right i guess.

Peter_Spaeth · #5 09-12-2016, 10:46 AM

It seems to me that the fact that they haven't come anywhere close to selling out the slots, and that they are going in reverse because people are demanding refunds, tells you all you need to know about the price.

Rich Klein · #6 09-12-2016, 11:03 AM

No I get that part of the process

I was just trying to figure out why the $350 or $399 price point in the 1st place

I think based on the cost that was not unreasonable BUT that is stiff for the average card and average collector. Perhaps a tighter price point would have brought more sales to the table. A 25 percent profit over cost would have been about $200 per (or a tad more) and that might have appealed to more collectors. I was just trying to think of why the $350 price point for 2 or more slots was created.

steve B · #7 09-12-2016, 07:58 PM

I was just thinking, and wondered, if someone entered and had the slot with the Mantle, would they then have to pay income tax on it like any other prize?

Steve B

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