Break Even Point on Bump Submissions
markj111
Posts: 2,921 ✭✭✭
I believe that you need to hit on abou 20% of the submissions to come out ahead. I submitted 25 $100-$500 cards under the May special. The grading fees are $187.50, and the shipping is about $1.00/card (when combined with the other 169 cards I submitted). If five $200 cards get the bump, the value of the lot is increased by more than I spent. Of course, if I go 0 for 25 (which I do not expect, but you never know) I have thrown away $200+ dollars.
0
Comments
<< <i>I believe that you need to hit on abou 20% of the submissions to come out ahead. I submitted 25 $100-$500 cards under the May special. The grading fees are $187.50, and the shipping is about $1.00/card (when combined with the other 169 cards I submitted). If five $200 cards get the bump, the value of the lot is increased by more than I spent. Of course, if I go 0 for 25 (which I do not expect, but you never know) I have thrown away $200+ dollars. >>
A lot would depend on the market value of the cards that bump. If the card is tough to find in the next grade up, then a .5 bump would add more value than if a card that's easy in the higher grade bumped. For example, a 1968 Bench rookie bumping to an 8.5 would be less significant than a 1963 Berra or a 1962 Frank Robinson bumping to 8.5.