When you see a nice card with a poor title and ask if the seller has more cards....

[bkcardcollector]

interested in the odom. jj!

[pejc300]

Originally Posted by supbro

Good for you. Sucks for the seller since he absolutely does not have a clue what’s the current value of his collection.

Incorrect.

[HoustOM]

It's funny how a title can make a strong impression on people.
You write "a poor listing leads to this crazy find" and others jump on you because you are taking advantage of a poor dude and it goes against their moral values.
You write "I just found a crazy MJ and Kobe collection" and everybody is like wow, yeeaahh, amazing.

Well done OP.

[lietuvalabas]

Originally Posted by HoustOM

It's funny how a title can make a strong impression on people.
You write "a poor listing leads to this crazy find" and others jump on you because you are taking advantage of a poor dude and it goes against their moral values.
You write "I just found a crazy MJ and Kobe collection" and everybody is like wow, yeeaahh, amazing.

Well done OP.

So true, and I'm sure OP never put a gun to the sellers head, even if he did get a steal, so be it.

[swerve]

Originally Posted by lietuvalabas

So true, and I'm sure OP never put a gun to the sellers head, even if he did get a steal, so be it.

That and I find it hard to believe he would super "low-ball" and then be like "hey btw, I am going to hop on a flight and come pick them up in person." Meanwhile, giving the individual extra time to research. But... stranger things no doubt happen.

[pejc300]

Originally Posted by HoustOM

It's funny how a title can make a strong impression on people.
You write "a poor listing leads to this crazy find" and others jump on you because you are taking advantage of a poor dude and it goes against their moral values.
You write "I just found a crazy MJ and Kobe collection" and everybody is like wow, yeeaahh, amazing.

Well done OP.

Originally Posted by lietuvalabas

So true, and I'm sure OP never put a gun to the sellers head, even if he did get a steal, so be it.

Originally Posted by swerve

That and I find it hard to believe he would super "low-ball" and then be like "hey btw, I am going to hop on a flight and come pick them up in person." Meanwhile, giving the individual extra time to research. But... stranger things no doubt happen.

I think there are a lot of different ways to view these types of decisions. Anyone who buys and sells cards looks for a steal, and we all have to use our own discretion when it comes to how to best approach these situations. For me, it is case by case scenario. It seems like no one on these boards has a problem when someone goes "cardboard diving" at a show and finds a $200 for $10 from a dealer. To everyone that's "awesome."

But when it comes to other situations, it's trickier, right. Like, finding the 85 year old widow living on a fixed income, who's dead husband has a nice collection that she knows nothing about. I think we can all agree that trying to get a "steal" from her is not cool.

Integrity is hugely important to me. So a few rules I operate under:

1. I never lie to the person. If someone asks me "is this card worth much" I will never lie to them and tell them it's not when it is. That's just a personal value of mine.

2. I take into account the personal situation of the seller. Not everyone will agree with this, but if the person selling cards is very clear that "they don't really care" what they get for the cards, or they are a millionaire and it doesn't matter to them that they are selling 10k of cards for 5k and they are upfront that it's not a big deal to them, I take that into account. If someone presents that they clearly need the money, that it would be life changing for them or help them significantly, I will approach that situation differently.

3. I educate people. I am completely honest with people. In a case like this, I am just honest. Look, you've got great cards. It's a great collection. If I buy it, I'm going to sell some so that I keep others. I am going to have to pay a minimum $200 per card to grade. Selling cards like this raw are a nightmare because of returns, people saying it's not as described, etc. Also, you can sell each card individually and ship out 50 packages and pay 15% fees, etc. Or you can sell it to me for (insert percentage here) and have cash, no problem with returns, and no wait for grading or trying to figure out how to do that. If you go the ebay route, you will probably make more, but it's really up to you. Do your research, and let me know. Here's a number I'm willing to pay. If that's not enough, I totally understand and best of luck.

At that point I have zero issues if they agree to my offer.

But that's just me.

Ok, that's it for now until I have the cards in hand. Appreciate ya'll.

[TheGZA]

What's the most valuable of those MJ inserts? The Lynchpins or Net Assets most likely?

[auctionjmm]

Originally Posted by pejc300

I think there are a lot of different ways to view these types of decisions. Anyone who buys and sells cards looks for a steal, and we all have to use our own discretion when it comes to how to best approach these situations. For me, it is case by case scenario. It seems like no one on these boards has a problem when someone goes "cardboard diving" at a show and finds a $200 for $10 from a dealer. To everyone that's "awesome."

But when it comes to other situations, it's trickier, right. Like, finding the 85 year old widow living on a fixed income, who's dead husband has a nice collection that she knows nothing about. I think we can all agree that trying to get a "steal" from her is not cool.

Integrity is hugely important to me. So a few rules I operate under:

1. I never lie to the person. If someone asks me "is this card worth much" I will never lie to them and tell them it's not when it is. That's just a personal value of mine.

2. I take into account the personal situation of the seller. Not everyone will agree with this, but if the person selling cards is very clear that "they don't really care" what they get for the cards, or they are a millionaire and it doesn't matter to them that they are selling 10k of cards for 5k and they are upfront that it's not a big deal to them, I take that into account. If someone presents that they clearly need the money, that it would be life changing for them or help them significantly, I will approach that situation differently.

3. I educate people. I am completely honest with people. In a case like this, I am just honest. Look, you've got great cards. It's a great collection. If I buy it, I'm going to sell some so that I keep others. I am going to have to pay a minimum $200 per card to grade. Selling cards like this raw are a nightmare because of returns, people saying it's not as described, etc. Also, you can sell each card individually and ship out 50 packages and pay 15% fees, etc. Or you can sell it to me for (insert percentage here) and have cash, no problem with returns, and no wait for grading or trying to figure out how to do that. If you go the ebay route, you will probably make more, but it's really up to you. Do your research, and let me know. Here's a number I'm willing to pay. If that's not enough, I totally understand and best of luck.

At that point I have zero issues if they agree to my offer.

But that's just me.

Ok, that's it for now until I have the cards in hand. Appreciate ya'll.

You've done nothing wrong. ALL resellers/shops/retailers need to buy below market to turn a profit. If the seller values your time, grading expenses, travel expenses (in your case), and understands there is a profit motive, then you are good to go.

And I agree that the rules are different depending on the situation.

Example A: A dealer at a show I was at years ago busted a case of Bowman Sterling and put all the autographs in his showcase at $5 each. He didn't care who the player was or the serial number. Every autograph was in the showcase, with $5 price tags. I bought the whole showcase. I didn't feel bad. He was a dealer, he took the time to price them, and if I didn't buy them the guy behind me would. Can't feel bad in those situations. I feel no moral obligation to educate another dealer at a show. I made out on it.

Example B: A colleague of mine wanted to sell his collection and had no clue on value. Rather than buying the cards, we agreed to a 70/30 split on realized sales (after eBay fees). He understood I needed to make a profit and I agreed to run everything on eBay at auction and take whatever we got. He was happy I did the work, I was happy to make 30% on a really nice collection.

Buying for resale is part of the business. I wouldn't offer a 95 year old woman $100 for a 52 Mantle, nor would I tell a show dealer to up his showcase prices. You strike when it's right, you make a fair deal when it's right, and all is good.

[Zedlaw]

Originally Posted by TheGZA

What's the most valuable of those MJ inserts? The Lynchpins or Net Assets most likely?

Weird to say but the most valuable insert is probably the one that grades a PSA10. Star Power Supreme and Cut Above are both big cards also.

Crazy to see pictures of such big time cards and only one of them has a serial number. Oh the simpler times of scanning pack odds

[duron]

Originally Posted by TheGZA

What's the most valuable of those MJ inserts? The Lynchpins or Net Assets most likely?

The Star Power Supreme and Linchpins is probably 1a and 1b, but there’s around 10 other cards there that go for more than the Net Assets.

[duron]

Originally Posted by Zedlaw

Weird to say but the most valuable insert is probably the one that grades a PSA10. Star Power Supreme and Cut Above are both big cards also.

Crazy to see pictures of such big time cards and only one of them has a serial number. Oh the simpler times of scanning pack odds

Yea A Cut Above is prob 3rd.

I’m trying not to even take grade into account.

[This is]

Lotsa envy in this thread masquerading as ethical values.

[TheGZA]

Originally Posted by duron

The Star Power Supreme and Linchpins is probably 1a and 1b, but there’s around 10 other cards there that go for more than the Net Assets.

Oops, missed Cut Above, good call.

Anyways OP amazing pickups, tons of MJs there I'd love to have!

[iloveturbos]

Great lot, reminds me how many inserts I’m still missing in my Jordan pc

Originally Posted by duron

Yea A Cut Above is prob 3rd.

I’m trying not to even take grade into account.

Don’t sleep on the dunk n go nuts.

[GoNYGoNYGo]

Congrats OP that is a GREAT find. It's so cool to see so many iconic cards in one collection! Especially in those old school cases haha.

I don't get the sense that you do but don't feel bad or hesitate at all about "paying under market" there are expenses associated with the resale plus the time value of money - you are out the cash while they get graded and while you sell them - no one is doing all that work to hold the cards for a few months and admire them and break even.

Anyone selling an entire collection who thinks they are going to get the current market value is crazy if I am selling 10+ cards at one time I always assume I will get 60-65% of the current market value.

Edit - Also the Golden Touch and the Scoring Kings both look really good from what is visible for two very condition sensitive sets.

[pejc300]

Originally Posted by GoNYGoNYGo

Congrats OP that is a GREAT find. It's so cool to see so many iconic cards in one collection! Especially in those old school cases haha.

I don't get the sense that you do but don't feel bad or hesitate at all about "paying under market" there are expenses associated with the resale plus the time value of money - you are out the cash while they get graded and while you sell them - no one is doing all that work to hold the cards for a few months and admire them and break even.

Anyone selling an entire collection who thinks they are going to get the current market value is crazy if I am selling 10+ cards at one time I always assume I will get 60-65% of the current market value.

Edit - Also the Golden Touch and the Scoring Kings both look really good from what is visible for two very condition sensitive sets.

I appreciate this. Not everyone understands these things, but a lot of work goes into it (not to mention 1k+ in travel expenses and time).

I was able to zoom in on the original pictures on my phone and I will say there are definitely some minor edge issues and some white corners, so I factored that in. I'm just looking forward to going through them in person and hopefully being pleasantly surprised. There are also some other cards included that I haven't seen, so hopefully some nice surprises!

[duron]

Originally Posted by iloveturbos

Great lot, reminds me how many inserts I’m still missing in my Jordan pc

Ain't that the truth.

Originally Posted by iloveturbos

Don’t sleep on the dunk n go nuts.

I think it's too dependent on grade to crack the top 3 (Star Supreme/Linchpins/Cut Above). But I was just originally replying to Net Assets being part of the top group here, and Dunkin is certainly in that other ~10 I mentioned being more valuable than Net Assets.

[rustywest]

So... what was the title?

[TMILL]

Breathtaking collection. Quite nostalgic!

[chandman]

Originally Posted by pejc300

The second one. Well, about 75-80% of market value. I wouldn't fly somewhere to pay full value for anything.

I think that is very reasonable, especially when selling a collection. There has to be some profit margin for you traveling, time, and effort and risk to resale.

[chandman]

Sounds like someone inherited a collection. I have no doubt the original collector knew what he had. Just look at the quality of the cards in the collection. Probably just another sad story of what happens to our collections when we are no longer around to collect.

But atleast they will find their way into new collections and are not lost in time.

I would be curious in the condition of the acetate cards (Dunk'n Go-nuts) since it looks like they were on display. Hopefully protected from UV light.

Safe travels. Hopefully the transaction goes well for everyone involved.

[slogue2]

That is one hell of a collection. Congratulations!

[supbro]

I'm curious what was stated as market value for the Kobe playmakers in the discusssions

[h00perstar34]

Updates?

[pejc300]

It’s not looking good for me. I’ll update it next week. Fingers still crossed but probably not going to happen.