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craig-rex,
What I meant about the Jordan’s, was that he looked up the specific cards and if those specific cards graded at a 10, they would be worth over $100,000. We went to see the PSA guy today. The issue is that even with how they were treated, the PSA guy thought only about 1\3 of the Jordan’s would most likely be graded a 10. So, I am not sure where my friend is at now with them, because he will have to look up that 1\3 and see what those cards are worth. The other 2/3 are still worth something, but not worth it to get them graded. But these cards can still be sold and can turn some good money also.
The other issue, as you have also said, is the quantity of cards that were made during that time period. Because of this, a lot of those cards have to grade a 10 to be worth your time\money to grade them.
The PSA guy said that my Jim Brown rookie card should grade a 6 or 7. That is great news for me. I am going to consider using Robert Edward as you suggested for this higher end card.
Mark
craig-rex,
Yes, this hoard is for real. There are over 200 Jordan’s alone. The Jordan’s alone are worth over $100,000 if they are graded at a PSA 10. Most of the cards should grade near a 10 My friend bought them as a kid and his dad didn’t let him play with them. They went right into card protectors and have sat there for the past 30 some years untouched. He has many, many rookie cards, O’Neal’s (including the expensive rookie cards), Bird, Johnson, etc. He has multiples on nearly all of these. The collection is mind boggling. That is what his dad and he did for fun every Friday. They went to the card store and bought tons of great cards. When they found a good one, they went back and bought more of them. His dad was a friend of the card shop owner and the owner would sometimes just give him a lot of cards.
I have not heard of Robert Edward auction house before. That sounds like a good idea. We will look into that. pc_sportscards, dcsports87 and hoodyscollectibles are their usernames on ebay? I like the idea of the auction house. We are close enough to drive to New Jersey and discuss the cards with them in person.
Thanks for the advice.
We are going to a PSA person this weekend and he should be able to confirm the grade of the cards and point us in the right direction.
Mark
Temudgin,
I didn’t think the insurance would be an issue. I looked up registered mail, and it said it could insure up to $50,000. However, I don’t think we can get registered mail with ebay. That will be another question for ebay.
Mark
Well, I have a new twist to this. Someone I know has a hoard of cards from the 80’s -90’s and has a number of cards worth over $1,000 – $35,000, possibly more depending on how they are graded and how the market shifts.
They are asking me to list them on ebay. This makes me a bit nervous because I think I have only sold 1 item over $1,000. The main thing that makes me nervous is that with prices like that, I think the scammers will flock to it. It is the stuff outside of ebay’s control that is most perplexing. Like credit cards chargebacks and similar with Paypal. I had a long discussion with ebay today about it. My question was how long do I need to wait to give the consigner their money? Well, it turns out the following: ebay takes 4 types of payments with managed payments: 1. credit cards, 2. Paypal, 3. Apple pay and Google pay, 4. Debit cards. So, here is how it breaks down:
1. All credit cards – they have 90 days to file a chargeback.
2. Paypal – they have 180 days to file a dispute
3. Apple pay and Google pay – these are backed by a credit card, so it is the same as a credit card, 90 days.
4. Debit cards – 60 or 90 days depending on the specific company.
There is no way to know how the buyer paid by looking at the sale. But I asked ebay if I called, would they be able (real question is willing) to tell me how the buyer paid. They said that they would tell me. So, I will hold everything for 90 days except if the buyer paid with paypal. In that case, I will have to hold the funds for 180 days.
What I am trying to avoid here is this scenario: buyer buys card for $10.,000. I pay the cosigner after 45 days. On day 80, I get a chargeback from a credit card company. The credit card company wins. I have to give back the $10.,000 (which I will presume that the consigner already spent) and the “buyer” gets to keep the card. Now I owe ebay $10.,000 with no funds to pay it. Now grant it, that is the worse case scenario, but I have to plan for that so that I don’t get burned.
Obviously, I am going to have the package tracked, require Signature confirmation, and have it fully Insured. I am just wondering if there is something else I am missing.
If anyone has experience related to this, like maybe craig rex, I would like to hear how you handle this.
Mark S
02/21/21 – 02/27/21
Total Items In Store: 3294
Items Sold: 23
Total Sales: $ 703.43
Highest Price Sold: $ 80 (Vintage clock)
Average Price Sold: $
Money Spent on New Inventory: $ 30.58
Number of items listed: 11Gut Sales Report for the week: Sales were good till about Tuesday, then they dropped till about Friday. Ended up ok, but way down compared to what I have been doing for the last 90 days.
Scavenge of the week: Bought some nice jackets at the thrift store for half off.
Mark S
You get this from your ebay quarterly report. Here is what you have to do to solve this:
1. Go to Seller Hub
2. Select Performance -> Sales
3. Select “Custom” and set your dates for the report. I believe you are limited to 3 months at a time, so run this report 4 time and record the numbers for each quarter.
4. Add your numbers for the quarters to get an annual number.
Note: The shipping is only for USPS. If you want Fedex\UPS, you are on your own. I had to go back to my original slips that I printed off for the year.
Hope this helps.
Mark
Thanks for the heads up.
Back around 2000, I used to go to auctions and I bought some cards. I had them stashed away until I saw this post. Some of my cards could be worth as much as $5,0000, depending on how they are graded. My best card being a 1958 rookie Jim Brown card that I bought at an auction.
I also went to an auction years back. It was a collectibles store that was going out of business. I picked up a set of 1980 Topps Basketball cards I think for free or less than $5. The guy had taken out the best card that has sold on ebay this month for $65,000, see the link below.
Some of the other cards are real good like Larry Bird and Magic Johnson Rookie cards. But, the real question is what grade will they get? I don’t know. After about a PSA 5 or 6, they all look the same to me. I think I will find a knowledgeable local card collector that can give me a ballpark on grading. You need to know this before you send the cards in because their price scale depends on how much they appraise for. I think this is crazy because that is what I am paying them to find out!
Mark
Jay,
I wouldn’t say I don’t have any regrets.
I would just say that those regrets don’t have any significant place in my thoughts.
Music seems to speak to me. For some reason the good feelings are the main thing I get listening to music of the 1970’s and 1980’s. I am usually listening to the 70’s on 7 with Sirus radio. It gives off great vibes for me and gives me a good feeling. It seems like I only remember the good times I had when those songs were playing on the radio.
Mark
This concept of reliving life’s embarrassing moments is kinda foreign to me. I don’t usually think about those kind of things unless something really triggers the memory.
What I relate to is music. When I hear a song that I grew up with I remember where I was and how I felt – usually a great moment in my life. Occasionally, I will hear a song that gives me a weird feeling and I know something bad that happened must have been triggered. But usually I can’t remember the bad thing, just that the song is giving me bad vibes.
Mark S
02/07/21 – 02/13/21
Total Items In Store: 3340
Items Sold: 20
Total Sales: $ 826.36
Highest Price Sold: $ 125 (Vintage Tonka Truck)
Average Price Sold: $ 41.32
Money Spent on New Inventory: $ 509.02
Number of items listed: 25Gut Sales Report for the week: So no longer averaging over $1000 per week. Sales started to drop off this week.
Scavenge of the week: Found some Stranger Things items on clarence at Hot Topic.
Mark S
01/31/21 – 02/06/21
Total Items In Store: 3340
Items Sold: 26
Total Sales: $ 1035
Highest Price Sold: $ 105 (Shoes)
Average Price Sold: $ 39.82
Money Spent on New Inventory: $ 139.02
Number of items listed: 8Congratulations on hitting episode 500!
Gut Sales Report for the week: Shipping is still annoying, so that means sales are good. I have been averaging over $1000 per week since the first week in December. This is unusual for me, so we will see how
far into the year this can continue.Scavenge of the week: Hit a huge cache of 1950’s – 1960’s Tonka, Buddy L, NYLint trucks last weekend. Most are in good condition, so we will see how they sell.
Mark S
01/17/21 – 01/23/21
Total Items In Store: 3352
Items Sold: 28
Cost of Items Sold: $ 100
Total Sales: $ 1169.53
Highest Price Sold: $ 150 (Vintage Jacket)
Average Price Sold: $ 41.77
Money Spent on New Inventory: $ 120
Number of items listed: 21Gut Sales Report for the week: Shipping was annoying, so that means sales were good. I believe I have been averaging over $1000 per week since the first week in December.
Scavenge of the week: I bought some Police evidence tags that are metal. They look like they are from the 1940’s or 1950’s to me. I will have to do some research on them. I couldn’t find anything like them on ebay by doing a quick search.
New this week: So, I tried something new today. An estate sale was having a big vintage sale with a large percentage off for the last day today. So, I knew there were some very high dollar items there that I wanted.
So, I got there first and passed out the street numbers to everyone. I thought it was going to be boring sitting there for 2.5 hours. But, it was actually fun. I passed out about 50 numbers. I got to meet everyone coming to the sale and talk to them. Most people were a little confused about how the street numbers worked. So, I had to explain that to them. I met a trucker who asked what I was there for. I told him I sold on ebay. That started a flurry of questions, but it was good, I enjoyed it.
So, I made a few new friends and really enjoyed myself. But, then before the sale started I found out that the highest tickets items had sold yesterday. But, since I was #1 to get into the sale, I got to get what I wanted. I knew exactly what I wanted since I was at the sale the day before and wrote down everything I wanted. It seemed like the harder I looked, the more great vintage items I found. It ended up being a honey hole for me and I spent about $400.
Mark S
Retro,
If you give your kids the jobs of taking pictures and listing, then you could buy as much as you wanted and make a lot more money. Or if that doesn’t work, hire someone.
However, I think you would then need to get more storage because I think that is an issue for you.
Personally, I have changed my habits to try and go to estate sales where they have high value items. I spend time vetting the sales to get the right ones. This takes more time up front, but I have been sucessfull at getting $100+ items that have been selling quite frequently lately.
Mark
Mark
I never really thought about my Bonanza store while I am on vacation. I don’t put my ebay store on vacation, I just change the handling time. I think Bonanza would pick that up, right? I never checked that.
Does anyone have experience with Bonanza with using ebay’s Time Away? I wouldn’t think that would help you on Bonanza. I would think you would have to go into Bonanza and set it to on vacation. This is how to do that: Selling -> Booth Settings -> Click the Yes radio button for the question “Booth currently on vacation”.
Mark
