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#1
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Buying Collections
Posted By: Jay
I have been grappling with the should I, or shouldn't I in regards to buying a bulk collection. |
#2
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Buying Collections
Posted By: MVSNYC
well, if you were hoping to get this lot cheap...that won't happen anymore...you just tipped-off the whole board to this collection, and you will now get many people interested in this lot and new unwanted fellow bidders... |
#3
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Buying Collections
Posted By: Jay
I was using that auction as an example. I am SLIGHTLY smarter then that. |
#4
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Buying Collections
Posted By: MVSNYC
my bad...i didn't see your last line of text...not limiting it to that auction... |
#5
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Buying Collections
Posted By: Judge Dred (Fred)
First off, I wouldn't bid on a bulk ebay lot of this size because it would be impossible to determine actual value with the limited amount of information provided in the auction item description. If the lot were relatively small and all the cards were graded then you could reasonably conclude the value of the lot and determine if you want to hassle with it. But there would be a lot of others thinking the same thing... |
#6
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Buying Collections
Posted By: davidcycleback
Higgins & Scott and other reputable auction houses often have large group lots of cards, autographs |
#7
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Buying Collections
Posted By: Jay
The figuring out the value and the time it would take to sell off the collection is what holds me back. |
#8
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Buying Collections
Posted By: davidcycleback
Those are good considerations. |
#9
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Buying Collections
Posted By: Anonymous
I'm not familiar with baseball, but I try to do it regularly with boxing cards. |
#10
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Buying Collections
Posted By: Tom Boblitt
say.......1996........... |
#11
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Buying Collections
Posted By: Dylan
buying large lots, especially when the most valuable cards are raw can be very tricky. I think most think major auction houses and ofcourse ebay sellers tend to overgrade their cards, so you must take that into account. With these types of purchases, i agree with what was said above. Its very important to be able to see the cards first hand. When you buy cards one at a time you often can get a high resolution scan and have atleast some kind of idea of condition, but it can be a crap shoot in these big lots. I've seen some go for a large sum with bidders probably hoping that a few of those EX T206 might really be NM or NM-MT and were skipped over due to the size of the lot. but also they can be undervalued too, due to important details being left out of the auction. bottom line, caveat emptor! (hope i spelled that right) & good luck |
#12
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Buying Collections
Posted By: davidcycleback
A good number of years back I won at a good price at Mastro what must have been someone's personal |
#13
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Buying Collections
Posted By: MEWheat
I agree 100% with Tom B. I've purchased several collections in the past and it was much easier to make money in the late 90's. |
#14
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Buying Collections
Posted By: David Smith
I guess my question is, what do you consider a collection?? |
#15
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Buying Collections
Posted By: davidcycleback
I only purchase amalgamations, because it's too hard to turn a profit on conglomerations. |
#16
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Buying Collections
Posted By: Jason L
I have never before seen those two words in the same sentence...seriously. |
#17
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Buying Collections
Posted By: barrysloate
And both spelled correctly, too |
#18
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Buying Collections
Posted By: davidcycleback
I admit I looked up the spelling of amalgamation before I posted. |
#19
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Buying Collections
Posted By: barrysloate
David- when I post I have my dictionary right next to me and I look up words all the time. It's not cheating, it's the way everyone should do it before they hit "respond" |
#20
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Buying Collections
Posted By: davidcycleback
The worst is when you do a spell check on a word, and your spelling is so off |
#21
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Buying Collections
Posted By: Tom Boblitt
NO AMALGAMATION WITHOUT REPRESENTATION........ |
#22
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Buying Collections
Posted By: Anonymous
My take on buying large lots from a major auction house is that you will, most likely, be overpaying for the cards. The large auction houses get a different group of people bidding on their auctions as opposed to ebay auctions. I believe a substantial group of collectors with deep pockets would rather pay extra for their cards from these auction houses than scour ebay for the same cards. |
#23
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Buying Collections
Posted By: anthony
for a large lot like that, i personally would need the time (and money) to sort through and sell off whatever i didnt want...if this guy's bv is $50k then its probably worth $20k, since there are so many cards, its very possible to make up the $20k but is it worth the time, effort and money when you cant see the "true" condition of the cards?? if they were all graded, then i'd bid...otherwise i'd want to see them in person |
#24
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Buying Collections
Posted By: davidcycleback
You want to be buying within your area of experience and knowledge, but you also want to have |
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