Need 2 Cards - Will Then Test "Set Theory"
BBCI
Posts: 46
I need 2 cards to complete my 1963 Topps Baseball set: #75 (Allison) and #148 (World Series Game 7). I can use them in either PSA 7 or PSA 8. Can anyone help? I would also like to say thanks to the following guys who helped make this possible....Kyle Boetel, 707 Sportscards, sayitaintsojoe, Natex Investments, rushoeless, and starxcards among others. Levi was particulary instrumental in getting me to this point by finding some tough low pops.
As for set theory, we have discussed quite a bit on these boards about how best to sell complete graded sets (e.g., break them up, sell to auction house, ebay, private sale). I personally am going to test eBay, which I believe not many have tried. Unless of course someone from these boards makes me an offer I can't refuse
.
And for the "closet" accountants out there (myself included), I have calculated the total cost (to the penny) and SMR value on a card by card basis. When all is said and done, I can give everyone an idea about the costs, fees, and ROI to add to our discussion on set building and selling.
Don
As for set theory, we have discussed quite a bit on these boards about how best to sell complete graded sets (e.g., break them up, sell to auction house, ebay, private sale). I personally am going to test eBay, which I believe not many have tried. Unless of course someone from these boards makes me an offer I can't refuse
.And for the "closet" accountants out there (myself included), I have calculated the total cost (to the penny) and SMR value on a card by card basis. When all is said and done, I can give everyone an idea about the costs, fees, and ROI to add to our discussion on set building and selling.
Don
0
Comments
As a fellow accountant, I congratulate you on completing (nearly) your set. But don't forget to put a time value on everything you are doing -- as that is probably one of the biggest costs out there!
Another fellow accountant here !! I have been keeping the same type of records with my sets....its a great way to keep track of everything and is a must for any set builder.
Funny thing....at Penske we have an asset account named "Work in Process".....how appropriate for us PSA set builders !!
I must admit though....I have not yet begun to use Six Sigma methodology to measure the effectiveness of my set building process.....
John
This is cool!
aconte
If I'm buying it's PRICELESS. If I'm selling, it's WORTHLESS.
Looking for 1984 Donruss -
#238 Keith Hernandez PSA 10
-----------------and
#637 Omar Moreno PSA 9 or 10.
*****
Just selling some mighty fine wine
Question: How much should we cost ourselves for each raw card pre-grade inspection?
BOTR
re: Mark's comment on time value. I'm the biggest proponent of assigning a time value/cost to every action, but I'd hope that the time invested into the set can at least be offset by intangibale gains (i.e. enjoyment & such). I doubt there are few professionals out there who can figure that they can build a high grade PSA set, complete it, sell it, and make money AFTER considering what they could have earned by "working" instead of collecting! If so, I'm really missing the boat somewhere!
Good point. That is why I personally advocate working IB hours, you know, 115-120 hours a week, and then have your secretary build and complete the sets for you
John
"There's no crying in baseball card set building."
Don,
I sent you an email via the Set Registry re: a trade proposal.
toppsgun (a CPA)
<< <i>Don:
As a fellow accountant, I congratulate you on completing (nearly) your set. But don't forget to put a time value on everything you are doing -- as that is probably one of the biggest costs out there! >>
Mike,
Since I would PAY at least $10 per hour to do this, do I then subtract this from the cost of my set?
toppsgun - got the e-mail, just responded.
Basilone - you know about Six Sigma, me too. Not only do I have my AP/AR but I do the Activity-Based-Costing (ABC) or Item Based Accounting for each card (so I know the exact cost of each card), then of course I cross reference them. Been doing it for years. Funny you mention Six Sigma, one of the things the methodology promotes is modeling/simulating processes/systems. I thought about developing a dynamic model to do "what-if" scenarios on the supply/demand of cards and their costs. That way I could project the future value of sets (based on population trends, new set builders entering the market, SMR price trends, etc). I guess this accounting and financial modeling can get way out of hand...
mikeschmidt - good catch. My wife thinks my collection will remain forever in the red because of the hours I spend doing it. She thinks I am worth at least $30/hour (yardwork), $65/hour (plumbing), $75/hour (electrical), etc.
But I have a bunch of CPA's looking after me....
All they have to do is count up to 1437......The exact number of cards I have on the Registry...Then I'm happy!
Thanks for the post!
Larry.
email....emards4457@msn.com
CHEERS!!