biggest profit vs. biggest loss
cohocorp
Posts: 1,371 ✭✭
lets hear how some of you guys made out on your best deals, i.e. biggest profit versus some of the worst deals, i.e. biggest loss. not necessarily actually having to sell something though. for example, bought a t206 plank in psa for $10,000 but kept it, would certainly count. lets hear them. since i am a dealer also, i dont feel it would be right for me to mention my best gain, but i will mention some losses. first which comes to mind is the ton of barry bonds product i stocked up on 2 years ago. still have it and it lost about 50%+. in this group are hundreds of various individual rcs as well as a few hundred wax boxes, i.e. 1987 fleer rack cases, 86 topps traded sets. has to be about $10k loss here. anyone else want to share?
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drugs of choice
NHL hall of fame rookies
Any wax that I bought around 1992 that I still have unopened - 92TSC e.g. - probably paid 55 bucks for a box and now? 10? I have about 10 boxes.
91TSC - one box - paid like 125$ for it - now? 10?
Stuff like that.
Bought a Carlton RC at the National - missed someone used a little whiteout on it. Loss - 450$.
Bought a T3 for 800$ from Superior in 1992 - came back trimmed. Loss - not sure - depends on what someone would pay for an authentic?
We've talked about "best buys" - so altho I don't sell - I would guess a good buy falls into your concept of profit?
1994 National - Greg Manning Auctions - placed minimum bid of 550$ I believe. Now? Depends on what kind of day - I would guess like 3-4K?
I got a 75T mini Ryan #500 for a trade of some space on a table at a small show - it's a 9. Value? I don't know. 4-500$?
I got a 61F Bkb #46IA Baylor for 30$ at Rotman - came back a 9 - value? 1K?
Those are some for me.
mike
BTW: Cubby=Cub Fan
Biggest loss on one card was $4400 on a '54 Ted Williams.
Had some $1500 losses on a couple of cards too.
On a wax box, biggest profit : yet to be determined but could reach $2000 (I'm holding this one still), but so far it's $500
Biggest loss on a Wax box : $150 .
So far I'm doing okay......... hey?
Bought a Miguel Tejada game used bat on eBay for $54. I resold it a couple weeks later for $164
Biggest Loss:
I had an A-Rod patch card with the entire Rangers logo in it. If I were to have sold it a couple years ago when cards were a hot thing, I would've made atleast $100 on it. But everyone now thinks that all sick patches are fake and it sold for $12.
Another loss:
Just a couple months ago I sold a lot of 61 serial numbered cards, total bv was about $300 I think. It had cards numbered as low as 21 in it. The entire lot sold for $12.50
<< <i>Just a couple months ago I sold a lot of 61 serial numbered cards, total bv was about $300 I think. It had cards numbered as low as 21 in it. The entire lot sold for $12.50 >>
Kyle
It sure seems that all those "limited" cards and GU cards have reached diminished returns - I guess it's time for the card companies to come up with something new?
Free massage coupon cards!
I could say it's time to go back to basics - but that ship's sailed and it's name is Titanic.
mike
Loth
<< <i>heard about a young Phillies prospect coming up to replace the injured Thome. Saw that he had an autographed rookie and thought heck...why not. I bought a copy of it for $20. As you already know it was Ryan Howard and the card was a 2003 Bowman's Best Auto RC. I have had it since graded a PSA 9 MINT and it's value is booking at over $1000 graded 9 (raw it's $800) right now. It fits nicely into my rookie card collection of 1960-present stars. >>
Very nice
I bought 15 for 10 a piece......
All have been sold already of course
Also ryan howards USA auto /375
was paying 20-25 a pop had about 8
they all sold 300ish.
And last but not least homer bailey, was buying gold refs for 60-80... they grab like 300 now.
As far as loss: CODY ALLEN don't ask me how many i had of him..
Also dwyane wade spx's i had 25 and sold them for 100 a pop. I only paid 50 per but the amount i technically lost yikes.
As far as single cards, I don't flip cards because I everything I buy/bought was for the sets I was working on. But since I started and stopped working on 5-6 vintage sets in the past few years, making a little on some, a losing a little on others. The biggest profit margin on a card was a 1963 Keough PSA 8 that I bought raw for $4.05 from Mick and sold for $60 and a 1963 Kline, bought for $2.98, sold for $40. As far as graded, I bought a 1949 Bowman Fitzgerald PSA 7 for $26 and sold for $114 to Don Spence because it was the last card he needed to complete his Master Set.
On the other end of the scale, I try not to lose too much but buying 1963 PSA 8s for $18-20 and then selling them for $6 was not fun. Dollar-wise, some of the 1961 Topps All-Stars in PSA 8 sold for much less than what I paid solely because I went to a dealer site and paid a premium for them. But then again, some of the other cards in that set sold for over twice what I paid.
Oh, and this one just came to mind. I purchased from a local dealer a UDA Larry Bird autographed retirement newspaper. I paid like $250 for it. When I sold it I got around $25.
I've always been fairly lucky making a profit. A few that come to mind, some involve trades. I was able to trade a Curtis Martin Classic autograph for a 1958 Johnny Unitas, 1982 Larry Bird and a few other cards. I traded a few of those, kept the Bird and Unitas and got about 35 different Batter Up cards and 65-70 1959 Ted Williams Fleer cards. I ended up selling all the Batter Ups and Fleer cards for about $300 a few years ago. And when I listed the Batter Up cards on ebay, some fool wrote me and told me that I was selling cards that had creases and cuts in them, that I was a scam artist! Ummmm....those cards were made to be bent in the middle and stood up.
When the Patriots won the first SB, McDonalds came out with commerative plasitc cups that were free with a Super Size meal. I got 4 of them, sold 2 for $25 each.
And a few years back CBS Sportsline was giving away items with accumulated points. You got a point for each page view. About every 10 days, I was able to get a Topps Tiger Woods Club Tiger card and then turn around and sold them on Ebay for $45-50 apiece. They didn't cost me a penny, and I was able to get a crap load of them bewteen myself and my wife. I sold them all except for one which I still have.
Well, that and the fact I invested in Jamaal Magloire as being a potential NBA star and bought several SPX RC's.
Another super BIG LOSE is I misplaced alot of stars from the 54-58 topps sets that my brother and me owned. I have found everything except two 54 Banks cards that were both ex-mt/nm. I have graded almost all the stars from the 54 set and all have been 6's with Williams 250 card being the only 5. I have since moved twice and havent found them yet. I remember having them in top loaders and always looking at them in my office. My Dad loved Ernie Banks and I kept those two cards seperate from all the other cards and now look.
1957 Topps 99% 7.40 GPA
Hank Aaron Basic PSA 7-8(75%)