Topps/Fanatics 2022 Topps Chrome Judge/Goldschmidt buyback program

[Leon]

Serious question. Do any of the new card collectors really collect or are they only flipping for dollars, which is what it seems like to me?
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[todeen]

Originally Posted by Leon

Serious question. Do any of the new card collectors really collect or are they only flipping for dollars, which is what it seems like to me?

.

Well, on Twitter, there are many modern collectors who continuously say "collector, investor, seller in that order." So I think there are a lot of new collectors who are willing to sell more often. It hurts when I try to sell something. I can't talk myself into letting go of something I only have a single copy of.

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[Mike D.]

It's an interesting approach to add some appeal to lower demand base cards, drive people to their LCS, and get people sorting through their cards.

With all the issues with Chrome this year, it's not surprising they picked that set to pilot this with.

[swarmee]

If your local shops are not participating, BlowoutCards will allow you to send them in to their store for credit.

[G1911]

Originally Posted by Leon

Serious question. Do any of the new card collectors really collect or are they only flipping for dollars, which is what it seems like to me?
.

There are plenty who only collect. They just aren’t as vocal and visible online because they don’t have anything to sell and don’t need to try and pump. I rarely have a hard time finding people to swap penny commons with to complete modern sets that are worthless.

[packs]

This program isn't for flippers though. You don't receive any money for your cards, you receive store credit with the hobby shop. I think it's meant to drive interest in other products since Topps Chrome was such a turd of a release.

It seems like the hobby shop makes out like a bandit, per usual. They'll sell inflated boxes on store credit and then cash in with Topps again on the backend with overpriced common cards.

[G1911]

Originally Posted by packs

This program isn't for flippers though. You don't receive any money for your cards, you receive store credit with the hobby shop. I think it's meant to drive interest in other products since Topps Chrome was such a turd of a release.

It seems like the hobby shop makes out like a bandit, per usual. They'll sell inflated boxes on store credit and then cash in with Topps again on the backend with overpriced common cards.

Hobby shops have struggled to even remain in business the last couple decades. They don’t usually make out like a bandit.

[packs]

Have you been on What Not? Hobby shops are going virtual and the break game is exploding. They make more money per box breaking all 30 teams than they ever did selling the product to one person.

[G1911]

Originally Posted by packs

Have you been on What Not? Hobby shops are going virtual and the break game is exploding. They make more money per box breaking all 30 teams than they ever did selling the product to one person.

Yes I am very well aware of breaking. Of course they break at a profit, filming a half hour video, shipping to 30 people, of course it costs more than selling the box to a single buyer. Shops are not making out like bandits, that’s why the vast majority of them fail and there’s not many left still standing. With distributor allocation, overhead, rent, operating a hobby shop is expensive and the profit margins not high enough for most to survive for more than a few years. It’s not a bandit operation.

[packs]

Originally Posted by G1911

Yes I am very well aware of breaking. Of course they break at a profit, filming a half hour video, shipping to 30 people, of course it costs more than selling the box to a single buyer. Shops are not making out like bandits, that’s why the vast majority of them fail and there’s not many left still standing. With distributor allocation, overhead, rent, operating a hobby shop is expensive and the profit margins not high enough for most to survive for more than a few years. It’s not a bandit operation.

I guess it depends on definition. When I said hobby shop I didn't necessarily think of hobby shop solely as a brick and mortar store with a lease. A lot of the hobby is online now. It's very difficult to order something like a case of 2022 Topps Chrome from Topps as a normal consumer. Those roads tend to be closed off to the everyman and always open to distributors who pay bulk rates.

That's where my bandit comment comes from.

Also, the product's retail price and resale prices are almost never equal and the distance between the two is almost always automatic. Take the Logofractor boxes as one small example. They cost $45 when they were released but almost immediately got dialed up to $125 per on the secondary market. There's a ton of money to be made in the hobby if you can get the cards in bulk. And you definitely don't need a lease or employees to capitalize. You can do it from your house and by yourself.