Quote:
Originally Posted by puckpaul
I think i learned that it is important to have a focus to your collection and not to make a lot of random purchases. Buying and selling is very costly if you have to move stuff, so dont waste money buying random things that look cheap. The 20% cost of auctioning at a minimum is very expensive if you buy and then need to sell. So, as others have said, buy what you truly like to collect and dont do it to try to make money.
Secondly, when something you have been looking for comes up and hasnt been for sale for a while (but you think its not that rare), be wary of chasing it in an auction. Often high prices draw out more of the item and the sexond and third auctions can go a lot lower. That one is hard to follow because you can get excited at the first opportunity!
Lastly, enjoy it, keep it fun for yourself.
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I liked this post the most of any so far. These are great learnings though for a hoarder they are hard to follow.
I would add that if you are buying with an eye for long-term appreciation, buy stars in really nice condition.
If you are not as concerned about return, then set collecting is a fun pastime. But set collecting is not the way to maximize long term appreciation.
For any card, the lower the grade the less scarce and so the lower the potential appreciation.