The Hidden Traps in Sports Card Flipping
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- Опубліковано 14 чер 2024
- Sports card speculation and flipping can be both profitable and a lot of fun.
But don’t think for a second that it’s all sunshine and rainbows on the way to the pot of gold.
There are hidden traps that you need to know about.
And at the end of the day, the HOUSE is the only one who always wins.
Let’s get realistic and crunch some numbers.
Let’s Data Dive.
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When selling on eBay, its sometimes difficult to calculate the exact fees you will pay. Its easy to think you're making a small profit, when you're actually losing. eBay vault used to have no fees, but now that PSA owns it, that's no longer the case. Because of this, buying at card shows or participating in trade nights might actually be more cost-effective than online. When selling, you might get more money selling to a card shop or dealer than on eBay, which is crazy to think about. Its hard to overstate how much those eBay fees hurt profitability, and raise the Buy-It-Now prices. Good job bringing awareness to this often overlooked topic, t-pot.
Online Ebay auctions is still the best way to get deals but it's a lot of luck involved. The price on some of these cards is all over the place. I won a Cason Wallace /99 Prizm blue pulsar for $15 and there was multiple sales over $100, I listed it for $80, got many messages, ignored them all, took like 2 weeks to sell. Now a shop might have gave me $80 as well and sent to PSA to flip. I might just start taking these cards to local shops and see what they offer.
Not really. It's virtually always 15%. Unless it's a high value sale. If you charge shipping, you'll almost always net right around 85% unless you over charge or under for shipping
The vault is only used by those that do this full time and don't have the room. It's an extremely small percentage that leave their cards in any vault
I bought a Luka Psa 10 base Prizm at a card show right before the Super Bowl. I paid 200 cash. Right before the nba finals, I sold it on eBay for 300. Made about 50 on the card but used part of the overall sale to buy a psa 10 anthony volpe bowman 1st auto psa 10. I look at the pop counts as well. When I was selling antman, I sold all of the high pop counts and kept the low pop counts. The high pop counts will drop more in the off-season and give me a greater opportunity to make money once he is on an mvp trajectory next year.
i enjoyed the advice. I enjoyed the explanation and showing us an actual formula to try and use. Thank you. You are not only great with the knowledge in the sports card world, but you are transparent with it as well.
I go with 70 % max for most buys. 80% for higher worth or high demand items. Uncle Sam is brutal on your net revenue. Helps a bit if you are in a position to deduct home business expenses. That’s why dealers love cash transactions, no platform fees and no record of your gain.
You’ll see PSA 9s sell for less than Raws when the card has a high gem rate
Great stuff, thank you!!!
You are right but this is way too complicated for the average guy or gal imo
Best advice you will ever get: Patterns and trends, learn them
Just too time consuming and a head ache to try to flip online. I’ve only found success by taking like 3-4k to a show buying in bulk at close to 80 and reselling online. Connections help a ton too. I know some Pokémon guys that have distributors in Japan these guys are getting Japanese boxes well below retail. I would only flip these two ways. Sealed is obviously king as well.
Would be great to a clean copy of this with the calculations set to utilize this for our own cards
Way to go! This is so smart! Thanks. I have to say that it made me remember an important variable; I am in Arizona and pay 8.5% of every purchase! It isn't a sunk cost ultimately because that goes into the expenses column of taxes, but that does have to be overcome in the for-profit model. As does the value of your personal time. Of course, you add variables when you go from raw to graded... you might add $20 for the grade and include PSA sub-9, PSA 9, and PSA 10 grades as the backend.
The Luka 2018 Prizm PSA 10 will be a $100-150 card very soon. Long fall from its one time high of $2300.
Was it really sold at $2,300 at one point?!?!? That is insanity.
@@levelinfinityCM yes. You must have just gotten into collecting recently? The high was in 2020. Not sure exact month. Sold several times in that 2200-2300 range. Most people knew to stay away but believe it or not there were quite a few people who believed that it could go higher. It was pumped. Sadly a lot of folks lost big on that card.
Why did that card go down?
In person card shows is way to go
T-POT
Gotta figure out a way to make these videos more entertaining. I know it's tough with this kind of content, but add some cuts of funny gifs, a co-host with some one-liners or banter... Something
Yeah someone might hit on a Brunson but they probably lost on a few others. So hard to flip rn too much luck involved.
where does the catalyst for upwards price movement come from once a player is no longer in the lime light? the nba always tweaks the rules to make modern player stats seem better than legacy players.
Just like stock. It all comes down to timing....
How do you think about a multiple on a card that is /15 psa 10. A psa 9 sold for $157 ish. It’s Puka Nacua
😳
@@brandonmartin9117 what’s that mean?
I was gonna ask the same😂
@@brandonmartin9117 I’m lost. Maybe it’s my question. I have Puka Nacua rookie auto teal PSA 10 # /15. A PSA 9 sold for $157. Should the multiple on that card be 3x, 5x, 10x? Currently the PSA 10 is a pop 2.
@@user-lx2nm8jl5dthe multiplier is typically x3 if I’m not mistaken. But at the same time there isn’t an official rule book to selling this stuff
creating a draft on ebay only lasts for 60 days, then it disappears. I found out the hard way.
It's 75 days now
Much like any investments, you don't realize a gain (i.e. "Paper Profits" are all theoretical until you cash out) until you sell. You should know your cost basis then set "win goals" and "loss limits" as we do with stocks. Sometimes you take a loss and don't get so steadfast and stubborn to break-even or make money. Puig, Franco, Mac Jones, and so many other names have proven the laws of gravity of what goes up can go crashing down very easily. Be disciplined in your win goals to cash out and sell (or in the case of owning multiples, then sell off enough to cash out of your cost basis so what remains is playing with the "house money" (your profits are your held investments in that asset) if you feel there's a better tomorrow (as what's happened to Tom Brady, LeBron James and other players that really took off after the longevity of a career where if you cashed out early, you missed out on huge profit opportunities.
That's why you dip and flip. If you are long holding you better know that sport. Mac Jones never passed the eye test, that QB class was horrible outside of Lawrence. I only long hold big cards on lesser players that I feel have HoF potential. I bought big on Antoine Winfield Jr his rookie year and he won a SB with Brady and is now the best safety in the NFL, he should make the Hall of Fame. The reason I invested is because his father was a great NFL player. The NFL is simple, if your father was a great player, if you are a high draft pick, you will be a future HoFer. Marvin Harrison Jr will be in the Hall of Fame barring injury.
Around the 3:16 mark… what you said is simply not true. Assume a 100 dollar cost basis. If it doubles to 200 it’s a 100% gain. If it goes to 0 it’s a -100% loss. If it goes to 150 it’s a 50% gain. If it goes to 50 it’s a 50% loss. You said a 100% gain is the same as a 50% loss in absolute terms. That’s terrible math
Tpot Anthony Edwards is gonna see some Hype Next Month not Next Year...
Dream Team 2024. will they Win GOLD ?
Ant was already hyped during the playoffs, there will not be anymore during the Olympics. The guy barely had any gas left in the tank after they got beat by the Mavs
Almost everyone I know is losing money right now. Card prices are going up with very little return in the product. You finally hit a chase card and it’s conveniently off centered. Hobbyists are paying 3 to 5 times what Optic football is worth only to pull a $2 purple shock of a lineman.
News flash, you can’t pull a Wemby or a Stroud every time so you are starting at a deficit right out of the gate.
Some people on blowout forums are saying base Wemby is 1 per 14 blasters on average. It's impossible to make money ripping at those odds even if you get a PSA 10
First
Dont forget inflation and buying power.