Ouch...that Stings!!!!! Worst Flip ever!

[glchen]

This is probably one of my worst losses, when I just got back in the hobby and didn't know what I was doing. I remember I wanted to try to pick up some cards from some of the big names from some famous sets like T205. Note to self (and others): avoid cards in GAI holders.

[sycks22]

Bought into the Black Swamp hype, that didn't end well

[Theo_450]

Not a flip, but it might fit.
I expected this card to do a whole lot more than it did.
It did good, but in the end, I was disappointed.

[drcy]

My personal record is I bought a cabinet card for $3,000, consigned it for $1,500 and it was later auctioned for $18,000.

Happened several years ago, so I just chuckle about it now.

[xcgrammer]

Pete what made you wanna get rid of the Lowdermilk? I remember when I saw it on Antiques Roadshow thought it was really cool, but felt the guy that made the find had to know the Lowdermilk was worth something.

[slipk1068]

I guess Lowdermilk is tough, but not as tough as was thought a few years back. I don't see them often. Thanks for the education Pete.

Not sure what my worst flip is because I only recently started to experiment with some flipping. I can say I am sure I own cards I will lose money on if I ever sell them. In the late 80's/early 90's, it seemed like any popular card had a NM price attached to it. If you found Mantle cards from the 50's at a show in EX condition you paid a NM price for it. At least that was my experience. Probably lose on some cards like that or break even on some after holding them for 25plus years.

[Leon]

Originally Posted by slipk1068

I guess Lowdermilk is tough, but not as tough as was thought a few years back. I don't see them often. Thanks for the education Pete.

Lowdermilk is very scarce but the Red Cross back on him is uniquely known. On the rarest of the rare, as that one is, the market can be extremely thin and one less bidder can cut the price in half. My worst flip was a 19th century card I lost 10k on. Again, super rare and very limited audience. I knew when I bought it privately that I would lose money on the resell but I needed for my type set. And there are only 3 from the whole set known. It was a Hancock's Clothing card...