The best way to cash out?

[oldgoldy97]

I have a modest collection that I think I could sell off enough of it to pay off my house. What would be the best way to go about this? I don’t really use eBay so I think many buyers on there would be wary of someone with minimal feedback. Also, everything I have is raw so I’m concerned the condition of everything would be subject to the horror stories everyone hears about. I have cards of every sport and non sports from the late 80s to current. It seems like the right time to sell off and plan for retirement (my goal is to retire at 50, maybe find a less stressful job to tide myself over with).

Any suggestions?

[mjohnatgt]

Anything regular sized (standard card sized) sellable for over $2 >>> COMC.
Maybe things over $100 to someone else. But COMC is reliable, allows for eBay auctions, will list every card you send them, etc. Just make sure to sort them yourself to determine what is actually worth sending vs. what you think is currently worth sending.
They are now achieving their timelines, sales are pretty good, and cross-post to eBay. Plus, when you're ready to pull the plug on all the rest of your collection, you can sell all in one fell swoop with a Port Sale.

[Kenflin]

Whichever decision you make, I recommend NOT sending your items to Goldin.

[jcardstore]

Depends on the mix of stuff and how much effort you want to put into it.

If you just want to get rid of everything and aren’t so worried about maximizing your return you can just sell it as a bull lot to someone who will piece it out

[KhalDrogo]

I would find a dealer. Who might be interested depends on what you have. Selling singles or small lots would take forever, but net you more. Selling as a bulk lot won’t get you as much, but gets the job done quickly. Time value of money is important.

[nbatopshot]

Originally Posted by Kenflin

Whichever decision you make, I recommend NOT sending your items to Goldin.

Can you explain why? I'm just curious to know.

[Kenflin]

Originally Posted by nbatopshot

Can you explain why? I'm just curious to know.

From my personal experience, it's been a headache. You have no rights on how your item(s) are listed. If you send in bulk items wanting them to sell separately, they will usually combine it. The items they chose not to list, it took me 6months for them to find it and send it back to me (they literally couldn't find my items). They also lost a Topps COA for one of my cards and have been ignoring my e-mails for a while now.

[Selanne00008]

Originally Posted by oldgoldy97

I have a modest collection that I think I could sell off enough of it to pay off my house. What would be the best way to go about this? I don’t really use eBay so I think many buyers on there would be wary of someone with minimal feedback. Also, everything I have is raw so I’m concerned the condition of everything would be subject to the horror stories everyone hears about. I have cards of every sport and non sports from the late 80s to current. It seems like the right time to sell off and plan for retirement (my goal is to retire at 50, maybe find a less stressful job to tide myself over with).

Any suggestions?

I think a big question is what's approx value and how many cards?

Are we talking about 5,000 $100+ dollar cards to net you 400-500K? Or is this 75 cards worth 5,000 each?

[jewcer2k5]

We can probably figure out a way to help.

[ljandkg]

Originally Posted by Kenflin

From my personal experience, it's been a headache. You have no rights on how your item(s) are listed. If you send in bulk items wanting them to sell separately, they will usually combine it. The items they chose not to list, it took me 6months for them to find it and send it back to me (they literally couldn't find my items). They also lost a Topps COA for one of my cards and have been ignoring my e-mails for a while now.

This needs it's own thread.

[oldgoldy97]

Originally Posted by Selanne00008

I think a big question is what's approx value and how many cards?

Are we talking about 5,000 $100+ dollar cards to net you 400-500K? Or is this 75 cards worth 5,000 each?

I wish

More like maybe 100K for everything if I’m lucky.

[whalechaser]

If you want to cash out at full market value. It's going to take work and time to piece everything out yourself. You'll have to try to sell on multiple platforms.

If you want to wash your hands of it all, you can try to find a dealer or lcs that is willing to buy your entire collection at once. If you go that route, you'll get 50-65% of market value if you have decent enough stuff. Depending on what you have some dealers/shops might even go up higher to 80% of comps for specific cards.

It's not easy to cash out and if you do take the easy way, you'll end up paying for not having to do the work.

Sent from my SM-A326U using Tapatalk

[drobfan8]

Originally Posted by mjohnatgt

Anything regular sized (standard card sized) sellable for over $2 >>> COMC.
Maybe things over $100 to someone else. But COMC is reliable, allows for eBay auctions, will list every card you send them, etc. Just make sure to sort them yourself to determine what is actually worth sending vs. what you think is currently worth sending.
They are now achieving their timelines, sales are pretty good, and cross-post to eBay. Plus, when you're ready to pull the plug on all the rest of your collection, you can sell all in one fell swoop with a Port Sale.

Doesn't COMC charge 20% to cash out?

[Kobe101]

I would just send it all to a consignor or maybe use multiple ones.

Send some to PC Sports, DC Sports, Wharf, MC & ricky bobby probstien.

[jcmel323]

My only suggestion is to always sell the cheap ones first. Everything $100+ can wait.

[mc1]

Originally Posted by drobfan8

Doesn't COMC charge 20% to cash out?

5% for every sale and then 10% if you request a paypal payout or check.

[Kobe101]

Originally Posted by drobfan8

Doesn't COMC charge 20% to cash out?

Yeah they want you to keep the money on the platform and the CEO openly admits that.

I love COMC....I use it to sell stuff I don't want and pick up stuff I like. There are lot of cards that if you listed on Ebay may not even get a bid at $1 but if you leave on COMC for a few months you can get $10-20.

[mc1]

Originally Posted by Kobe101

Yeah they want you to keep the money on the platform and the CEO openly admits that.

I love COMC....I use it to sell stuff I don't want and pick up stuff I like. There are lot of cards that if you listed on Ebay may not even get a bid at $1 but if you leave on COMC for a few months you can get $10-20.

Its not 20% anymore. It used to be that %.

[yoyosh]

Originally Posted by jewcer2k5

We can probably figure out a way to help.

I was about to say “it’s too bad Jewcer/PcSportscards won’t sell raw cards” because they are the best.
Josh, if raw cards are back in play plz lmk i need to move some stuff!!

[bmf]

I’ve used most of the usual suspects over the years… eBay, Heritage, PWCC, Goldin, COMC, etc. I’ve had good experiences and bad. Worst overall was eBay, had to finally stop selling there. Best overall has been PWCC as I’ve been doing really well with their weekly auctions and monthly premier. If it’s raw cards, you could always dump them with Rick.

[gomiamigo]

I've sold thousands of cards on COMC from low to upper-middle-end. It's definitely the easiest, one stop shopping, 15% fees, can take offers if you want, can have them list on eBay if you want [and Amazon iirc]. My avg sale price was $15-20 but some went for a few hundred or more.

Stuff over $1k I wouldn't put on there, might be easiest to consign, sell at a show or even a local dealer who buys. But as others have noted if you want a dealer to buy your whole collection and sell it themselves, you'll take a sizable discount.

I've found at shows if you have desirable cards you can get 70-75% of eBay in cash, which isn't bad for a no-risk transaction, no shipping et al. Really desirable stuff you can get 80%+.

[dkcardman]

Start by showing us what you got! We want cards!

[smalltown]

Originally Posted by gomiamigo

I've sold thousands of cards on COMC from low to upper-middle-end. It's definitely the easiest, one stop shopping, 15% fees, can take offers if you want, can have them list on eBay if you want [and Amazon iirc]. My avg sale price was $15-20 but some went for a few hundred or more.

I'd send everything sub $150ish there right away. Price it well and it will sell fast.

Then i'd move on to the higher end stuff one by one on other platforms or in person if possible.

[rawkstar2k]

Another option could be to hit up a Dallas show as a dealer. It may cost a few hundred with airfare, but could be worth it if you’re able to sell a lot of your collection. I think Burbank is having a big show in August if you’re on the west coast near California.

[drobfan8]

Originally Posted by mc1

5% for every sale and then 10% if you request a paypal payout or check.

Huh, that's alright then.

I might send a bulk lot off to COMC to sell then. Seems stuff sub $100 is the way to go. Been sending a couple of lots to probstein but it's fairly inconsistent.

Originally Posted by smalltown

I'd send everything sub $150ish there right away. Price it well and it will sell fast.

Then i'd move on to the higher end stuff one by one on other platforms or in person if possible.

Solid tips for all.