1952 Topps Mickey Mantle PSA 3 Available in Complete 1952 Topps Set Break at National

[Rich Klein]

Originally Posted by bobbyw8469

I agree. A 1952 break would have been awesome. The price point just wasn't there. Burl from Burl's sports runs some awesome set breaks. I would think he makes a good deal from doing them, as he does them all the time, and obviously makes more breaking them up than he did buying the set. There is a difference between making a good profit and making an obscene killing. Not saying that this set falls in the "oscene" category, but it sure SEEMS like it. How much is a low grade 1952 set realistically worth?

Bobby:

I was curious so I did some numbers.

In very simple math for this break. If one purchased 2 or more slots they were $349.99 which we will round up to $350 for this purpose. Since the 1952 Set has 407 cards we will round that down to 400 cards for this part of the exercise.

Therefore 200 times 350 is $70,000 and with some people taking only one space and the few extra sales the gross would be about $75K

I don't think the profit is that much on a complete 52 set at $75 K especially with all the graded high numbers.

Perception is far worse than reality on that price point. And if 23K was what was spent on the Mantle -- then the price point made sense.

Just a shame the rest of this whole venture went south

Rich

[Peter_Spaeth]

Rich I don't follow your math although I may be missing something. 407 slots times 350 per slot is over 140K gross?

[BengoughingForAwhile]

349.99 x 407= $142,445.93

[bnorth]

Originally Posted by Peter_Spaeth

Rich I don't follow your math although I may be missing something. 407 slots times 350 per slot is over 140K gross?

LOL, I seen that also. I figured Rich has not had his second cup of coffee yet.

[Rich Klein]

Originally Posted by bnorth

LOL, I seen that also. I figured Rich has not had his second cup of coffee yet.

Dead on, multiply my numbers by 2 and the answer is $140K -- I need that second jolt of caffeine. Trust me, I'm noticing that in my real life work as well. Coke zero time -- here we come

[Rich Klein]

Now that we using $150K as our price point for selling out this break

Let's see where the rest of this goes

$23K on Mantle -- assuming that is correct

96 other 52 High Numbers and let's say $100 each for decent looking copies

$9600 and since there are better cards such as Jackie, Roy and Eddie #407 lets make this double for $19K

310 other cards -- at an average of $20 each for collectible cards

$6200 and for argument's sake -- let's even make this full book for the easiest series commons at $40 each and this would be $12.4K

So

23K
19K
12.4K

54.4 K

and for fun -- let's add another 25 percent

54.4 K plus 13.6 K - Rounding to make even

68K

So the $150K for selling every slot is probably a double which is not outrageous for any company with overhead. I suspect Justin can probably do his percent a bit tighter as his work is probably a leaner operation

So I hope I got my math right this time

What percent would YOU make if you spent about 70K to build a 52 Set and wanted to do a break.

Oh, and as for the comment about how few cards are worth the money -- isn't that the whole point of Power Ball, Mega Millions and all those other lotteries.

Regards
Rich

[1952boyntoncollector]

Originally Posted by Rich Klein

Now that we using $150K as our price point for selling out this break



So the $150K for selling every slot is probably a double which is not outrageous for any company with overhead. I suspect Justin can probably do his percent a bit tighter as his work is probably a leaner operation

So I hope I got my math right this time

What percent would YOU make if you spent about 70K to build a 52 Set and wanted to do a break.

Oh, and as for the comment about how few cards are worth the money -- isn't that the whole point of Power Ball, Mega Millions and all those other lotteries.

Regards
Rich

I agree with you if people wanted to do a power ball, mega million type break then thats for them. So far there just does not seem enough people that want that. Theres a reason instant lotto gives out prizes that are the price of their ticket in addition to the huge prices.

As to: What percent would YOU make if you spent about 70K to build a 52 Set and wanted to do a break.

If you spent 70k on a set card by card and paid the buyers premium etc in order to obtain them, i would expect the original buyer to lose 10-20% on all of the commons cards. Assuming he bought the cards the last few years. If he bought the cards in 1952 he would make a TOOON! Also you would expect to make to make money on the 5-10 key cards if bought them last year or earlier.

If you paid BIN for some of those cards you would lose even more as I am assuming you are paying auction prices.


The set break seller that receives the consigned the cards to do a 'set break' has every right to make money on the venture and can charge whatever they want to make it worth it. Twice the set value may be reasonable. I dont have an opinion on that at this time.


But yes for Lotto type situation its good for those types of people. I know i would be thrilled if i was the one that won the mantle. Ultimately its the people paying for the slots that decides if the price is right i guess.

[Peter_Spaeth]

It seems to me that the fact that they haven't come anywhere close to selling out the slots, and that they are going in reverse because people are demanding refunds, tells you all you need to know about the price.

[1952boyntoncollector]

Originally Posted by Peter_Spaeth

Rich I don't follow your math although I may be missing something. 407 slots times 350 per slot is over 140K gross?

As i do collect a lot of 1952s...the chance of getting a card that was worth more than the slot price if were going to sell it in a pwcc/ebay auction the next week was very very small. There are no psa 6 high number commons that you can net $350 (save for 1 or 2 if super super centered) for example and i thought most of the cards were psa 5 or worse in high number. However the mickey and #407 etc would be a big steal. so there would be some big winners, but maybe for the slot price of $350 or so, there just were not enough consolation prizes to help sell the slots fast.