Home› Trading Cards & Memorabilia Forum

Why flip cards and lose?

FlintboyFlintboy Posts: 150
in Trading Cards & Memorabilia Forum
I just signed up for VCP website and I love it. I was going thru my 63 set and figuring out how much roughly I need to spend to finish it. While purusing thru the website,I clicked on the Rose rookie in an 7 trying to figure how much I roughly am going to spend on it. I look back at the previous auctions and notice that "Thecardshap" bought two Roses in seperate auctions and flipped them losing money both times. The total loss was well over $200. It was not like they got a steal on either one of them when they bought. Why continue to flip cards and lose?

Comments

  • envoy98envoy98 Posts: 4,000 ✭✭
    Maybe they thought they'd get a 7.5 or 8 on one of them?
    image
    My eBay Store

    BigCrumbs! I made over $250 last year!
  • WinPitcherWinPitcher Posts: 27,726 ✭✭✭
    Heck if I know, I'm still wondering why guys like Alan continue to sell PSA graded
    cards for a buck. Not just 1 or 2 here or there but consistently.


    In the cardshaps case maybe he makes up with it in volume?

    one good winner and all is well.


    Steve
    Good for you.
  • cwazzycwazzy Posts: 3,257 ✭


    << <i>Heck if I know, I'm still wondering why guys like Alan continue to sell PSA graded
    cards for a buck. Not just 1 or 2 here or there but consistently.


    In the cardshaps case maybe he makes up with it in volume?

    one good winner and all is well.


    Steve >>



    This could be explained by the purchase of a large lot of graded cards. Let's say you buy a lot of 100 graded cards for $500. You sell most of the cards 75 of the cards for $10 each, and the rest you sell for $1. You still make a good profit even with selling the 25 cards for a total of $25.

    Chris
    Chris
    My small collection
    Want List:
    '61 Topps Roy Campanella in PSA 5-7
    Cardinal T206 cards
    Adam Wainwright GU Jersey
  • AlmostPerfectAlmostPerfect Posts: 275


    << <i>I just signed up for VCP website and I love it. I was going thru my 63 set and figuring out how much roughly I need to spend to finish it. While purusing thru the website,I clicked on the Rose rookie in an 7 trying to figure how much I roughly am going to spend on it. I look back at the previous auctions and notice that "Thecardshap" bought two Roses in seperate auctions and flipped them losing money both times. The total loss was well over $200. It was not like they got a steal on either one of them when they bought. Why continue to flip cards and lose? >>



    I conjured up the thought of the old skool "flipping".

    who knows why?
Sign In or Register to comment.