Training...to be able to flip 200-400 dollar cards

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Posted By: Neil

I have been starting tolearn to train my eyes at shows. My thought process is if i can find a few cards that I know if i can learn a few cards and buy right then i will make money. Any suggestions?

Looking for 200-400 dollar cards that can be sold for 300-600 on ebay


THanks!

edited title to be more specific

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Posted By: Fred C

1. Find a dealer that doesn't know what the internet is.
   
   
2. Find a dealer that hasn't been stripped clean by the other dealers before the show starts.
   
   
3. Be very lucky.
   
   
4. Find a niche like T-cards and/or E-cards. Learn to identify the cards that are on want lists. Then find the dealers that has PILES of those cards. Spend the time to find a few cards you know are on a lot of want lists. In most cases the dealer may not be completely versed on all facets of the cards and may inadvertently give you a deal. Refer back to item 2.
   
   

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Posted By: JimB

If I told you, I would have to kill you.
JimB

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Posted By: Bob

LOL, you beat me to it, Jim.

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Posted By: Scott M.

I believe you must first go through training in order to spot which PSA 8s can be bumped to 8.5s before you can graduate to being able to flip 200-400 cards for 300-600 on eBay.

Best of luck with your endeavor!

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Posted By: Addie_Joss

Buy a raw caramel card that you think will get a 5 or a 6, get it graded, put it up. Now you owe me 29.99 for my crass course.

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Posted By: george "bulldog" adams

son pick up a nice rotatrim whack one edge. bulldog

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Posted By: Addie_Joss

Hold the card by the very edges with your thumb and index finger. Apply pressure until right before the card is about to crease. Then let it slide to the edges of your fingers until its launched into the air.

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Posted By: Russ Bright

You'll probably pay more for cards at shows than you would on Ebay - you MIGHT be able to make some deals, but dealers are paying a premium for the table and the spot and transportation PLUS most dealers will start their prices sky-high

try to find a niche, yes that sounds good - do research - I know a friend on the board who found a T205 variation (Moran stray line probably worth 6-800) for 20 dollars because the dealer didn't know what he had.

these stories are few and far between.

do research, and accept the fact that you will probably get burned a few times if you're not careful -

good luck, most of us have been doing this for years (20 myself) and always looking for that "honus in a grabbag"

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Posted By: davidcycleback

THE key to reselling is knowing what prices you can sell the cards for. If you know what what you can sell a cards for, you know what is a good buy price. The advantage a big dealer has is he has lots of hands on experience with selling and realized sell prices.

Similarly, bad card investors focus only on "what a 1954 Topps Hank Aaron will book for in the future," when the investment is also determined your buy price : Buy versus Sell Price. It's a better investment to buy the same card for $100 than $200. This doesn't dawn on many investors, as they pay 2x market value to hoard a hot rookie. Many investors lose money when the cards go up in value, because they overpaid at the start. Many investors make money when the market prices are stagnant or even go down, because the bought at a great bargain.

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Posted By: Paul

In all seriousness, there's no way to be trained on flipping cards for a profit. Years of being in the hobby & the knowledged gained is the only way to get somewhat good at it.

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Posted By: Rick McQuillan

My method is to buy a card for-let's say- $100. I hang on to it for a couple of months, then I sell it for $60.

I guess I need more training.

Rick

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Posted By: Russ Bright

There are always instances of buying something and losing money on it - there have been TONS of times i went to a store and found a great record/comic/card/game/whatever that i KNOW the book value is over 100 dollars and i only pay 10 for it -

then i turn around to sell it and find I can only get what i paid for it or less - I have hundreds of thousands of cards at home that i have been holding onto for years when they "go up" - Someday I'll just have to realize that my 250 1988 donruss Mark Grace rookies won't put my son through college -

buy a price guide - buy the BIG ONE (the SCD thing) and read as much as you can - over and over eventually the history will help sink in and hopefully it becomes second nature -

if nothing else you will know the differences between deals and ripoffs, and hopefully pick up some fair deals -

again, good luck!
R

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Posted By: MikeU

"My method February 13 2008, 7:19 PM


My method is to buy a card for-let's say- $100. I hang on to it for a couple of months, then I sell it for $60.

I guess I need more training.

Rick"

I use the same method, but make up for the losses in volume.