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Old 02-12-2019, 03:00 PM
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jchcollins jchcollins is offline
J0hn Collin$
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Default Funding your hobby...

Does anyone actively look to "buy low, sell high" with stuff online or elsewhere in order to make cash on the side to fund your hobby? I've had the inverse of that equation down for decades now, :-) but seriously. Increasingly I think this may be something I would have the ability to do if I could be disciplined about it. I've just never approached buying cards with that mindset. (Normally my style is more of the "buy now, figure out how to fund it later..." variety).

If so I would be interested in any specific pointers, thoughts folks have. I know for example waiting out auctions at deals over high-priced Buy-It-Now's would probably be one tactic.

Thanks.
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Mid- to lower grade 1950's-70's HOF singles.

Last edited by jchcollins; 02-12-2019 at 03:01 PM.
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Old 02-12-2019, 03:10 PM
gonzo gonzo is offline
Michael G0nz@lez
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Depending on exactly what you collect, you could buy lots from which you only need/want a few cards, and part out the rest of the lot individually. In some cases, you can essentially get the cards you wanted for free, or nearly so.
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Old 02-12-2019, 03:13 PM
Ricky Ricky is offline
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I just sneak money out of my wife's purse...
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Old 02-12-2019, 03:14 PM
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Keep in mind paypal transactions are now reported to the IRS, in case that's a factor for you.
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Old 02-12-2019, 03:20 PM
ALBB ALBB is offline
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Default buy low sell high

I think many guys stay glued to Ebay in that hope of - Wow, I steal that ..and I can turn it around for a profit. Most times when you add the shipping and now this annoying" state sales tax "or some other add on.....it doesnt work out..especially when - after all is said and done..that 57T Drysdale which cost you $ 29, you barely sell it for $34 a month later !


Also, when an item it bought off ebay..and then attempted to be sold on Net54....dont you think most passionate collectors have seen it..maybe even bid on it
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Old 02-12-2019, 03:28 PM
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jchcollins jchcollins is offline
J0hn Collin$
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Default Funding your hobby...

Quote:
Originally Posted by Ricky View Post
I just sneak money out of my wife's purse...


I wish. Right now my collection is kind of a revolving door. Essentially the only "new" money I spend on cards each year is Christmas and birthday money, things like that. There is certainly no category in the family budget for my card habit. If I splurge on something later which is not tied to that, I usually have to wind up selling something from my collection to make up the difference. This actually usually works out; I sometimes tire of certain things and it keeps my interest in the cards new and usually somewhat varied.
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Mid- to lower grade 1950's-70's HOF singles.

Last edited by jchcollins; 02-12-2019 at 04:28 PM.
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Old 02-12-2019, 03:31 PM
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jchcollins jchcollins is offline
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Quote:
Originally Posted by Peter_Spaeth View Post
Keep in mind paypal transactions are now reported to the IRS, in case that's a factor for you.
Yeah but only if over $20K or more than 200 payments in a year, I think.
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Mid- to lower grade 1950's-70's HOF singles.
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Old 02-12-2019, 03:48 PM
packs packs is offline
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I always keep an eye open for a deal. I buy cards all the time that I have no interest in but am able to pick up on the cheap for resale only.
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Old 02-12-2019, 04:01 PM
x2drich2000 x2drich2000 is offline
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It is definitely possible to do. The big question is how much time and effort do you want to put into it and how long are you willing to hold an item to get the price you want. I believe knowledge and patience are the keys. I'm a firm believer you could make money selling 88 Donruss, if you buy them at the right price.

DJ
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Old 02-12-2019, 04:05 PM
Ricky Ricky is offline
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Quote:
Originally Posted by jchcollins View Post
I wish. Right now my collection is kind of a revolving door. Essentially the only "new" money I spend on cards each year is Christmas and birthday money, things like that. There is certainly no category in the family budget for my card habit. If I splurge on something later which is not tied to that, I usually have to wind up selling something from my collection to make up the difference. This actually usually works out, I sometimes tire of certain things and it keeps my interest in the cards new and usually somewhat varied.
I get too attached to my cards to do this, even though it's a smart way to operate. If I sold any of my vintage cards, as soon as I did, I know I'd want them back...
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