We all buy duds every now and then. Heck even the best baseball players fail 7 out of 10 times. We are allowed to make some mistakes with cards, but at what point do we sell so we can purchase new products? It’s okay to not make money on a few cards, in order to purchase a better deal. Here is a crazy thought. We don’t make money when we sell a card, but we make money by purchasing the card at the right price. That’s why it is okay to sometimes sell for what you paid, or even slightly less if a good deal pops up in your lap.
Here is an example of a deal I made on Facebook when I decided I didn’t want some of the cards that I had been collecting. (We as collectors change who we want to collect often). I paid $333 total for the following cards:
- 1961 Topps Sandy Koufax PSA 4
- 1955 Bowman Frank Gifford PSA 7
- 1985 Topps USFL Jim Kelly PSA 9
- 1986 Fleer Mini Roger Clemens PSA 10
- 1997 Upperdeck Tim Duncan PSA 10
- 1984 O-Pee-Chee Wayne Gretzky PSA 10
I ended up selling all of these for $325 and used that money to purchase two 2000 Skybox Dominion Tom Brady BGS 9.5 rookies. Both had quad 9.5’s for the subgrades. I paid $335 for the Tom Brady cards. And why did I sell those 6 to buy the Tom Brady cards? Because I felt like it was a better investment to hold the Brady’s especially if he leads the Tampa Bay Buccaneers to the playoffs. All the cards I sold were of retired players who would slowly appreciate over the next few years.
Another take is that we should buy cards to invest in during the off-season to get the best deals. Well, what if one of your guys gets injured, traded, or just craps the bed. My take is to get out as soon as you can, so you can go for your next purchase. If you choose 5 prospects to invest in, realistically how many can you expect to hit? In my opinion if 2 of those guys hit, you are winning. So get rid of the others so you can figure out your next targets. Can you get burned by selling too early? Absolutely, but if you have your eye on someone else, move your bust, to focus on your next target.
The average career in the NFL is 3.5 years, the NBA is 4.5 years, and MLB is 5.6 years. So when is the best time to invest in your prospects? I’d say, pick a rookie or two, a second year or two, and pick a third year guy. That should cover your bases. Obviously rookies are a crap shoot. We are starting to get an idea of a player in there second year and by year three, we should know what we have.
So the moral of my story is that you need to strike a deal when the deal presents itself. So don’t be afraid to lose money on cards you buy.