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Consignor's Pickle
As a collector/consignor myself, as I know many here are, I often find myself on the horns of dilemma when it comes to selling my cards. Normally, I would sell something only when:
1. Family emergency. 2. Loss of outside income. 3. When Pauly Walnuts comes around and asks me when I am going to repay that little gambling debt. 4. Fund myself for a big purchase. What makes consigning tough these days is soaring card prices, including pre-War top shelf HOF'ers, so timing for consignment delivery becomes a factor. What I think I have learned is that when you decide to consign your precious cards, even those that sleep with under the pillow at night, just do it and the market be damned. |
You really want to consign on your terms. Too often, families are left with those decisions, not the actual collector.
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If you see me selling it is to fund a new purchase. I can't remember the last time I paid out of pocket for cards/memorabilia and the reason my wife never says anything about my collecting.:D |
It is nice to get to the point with your collection that if you fall in love with something new you can just sell something that has lost its luster. A nice feeling.
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My experience was a bit different. While I have never sold a big ticket item before, I decided to pull the trigger on my Dietsche Cobb batting and fielding about six months ago. After realizing that I could pay off some debt and make my life a little easier, I called an auction house and got them sold.
I was certainly cognizant of the fact that some folks were calling for the Cobb Fielding to be a 100K card in the future, but I also remember the collectibles crash of the early 1980s when interest rates skyrocketed. While I don't "invest" in cards, I thought now was as good of a time as any to sell those two cards. There is a lot of free money floating around out there and I thought I better get some of it for myself! As it stands, those two cards were the best investments I ever made in my career. They went up about 2000% in about 15 years. |
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Back to subject, I have spoken with my daughter about my cards when I am gone, but she doesn't want to talk about it. :) . |
"Just do it": I agree. The adage that pigs get slaughtered applies to cards as much as any other asset. So does paralysis by analysis. I hung on to a few basketball cards past their 'sell by' dates in the run-up rather than taking a big profit and walking away and regret it now. That said, I also hung onto my vintage baseball cards when they were doing nothing and they are running with the market now. I guess it all tends to unfold as it should.
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