Thinking of opening a shop

[Exhibitman]

Originally Posted by Howe’s Hunter

The internet comes along and all the card shops go out of business.

The internet comes along and all the porn shops along the interstate are still in business.

Don't want the wife stumbling across the browser history. Allegedly.

[egri]

Originally Posted by Exhibitman

Don't want the wife stumbling across the browser history. Allegedly.

Couldn't she look at credit card statements to the same effect?

[todeen]

Originally Posted by Howe’s Hunter

The internet comes along and all the card shops go out of business.

The internet comes along and all the porn shops along the interstate are still in business.

Originally Posted by Exhibitman

Don't want the wife stumbling across the browser history. Allegedly.

Lol reminds me of another thread on Net54 with the comment that "B****** be tech savvy!"

Hahahahahaha I laughed at that comment all day. You two cracked me up again. Nice work gentlemen.

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[steve B]

One thing that the stamp guy whose shop I hung out at said was

You don't have a shop to sell, you have a shop to buy.

He got many good deals and even more that were a bit profitable from people who brought stuff to the shop to sell.

And he worked a lot of angles on stuff that was usually not wanted by other dealers.
Like discount postage - Lots of people saved full sheets as an "investment" but like junkwax cards, only worse. Nearly all US stamps made since the 1930's have minimal value. People would bring him stacks of sheets a relative had "collected" and he'd do a quick look through and some even quicker rough math. 100 sheets of 50, mostly 8 cent... $400 face value he'd tell them to use it as postage, but people couldn't be bothered. So he'd ask what they wanted. Nobody ever did the math, so most stacks like that were around $100 And he would buy anything similar that was under around 200.
The sheets were sold bulk to a convent near his house that needed lots of postage, at usually 20% less than face value.

He made most of his money during the hour and a half setup before a show. All dealer to dealer.

[egri]

Originally Posted by steve B

Like discount postage - Lots of people saved full sheets as an "investment" but like junkwax cards, only worse. Nearly all US stamps made since the 1930's have minimal value. People would bring him stacks of sheets a relative had "collected" and he'd do a quick look through and some even quicker rough math. 100 sheets of 50, mostly 8 cent... $400 face value he'd tell them to use it as postage, but people couldn't be bothered. So he'd ask what they wanted. Nobody ever did the math, so most stacks like that were around $100 And he would buy anything similar that was under around 200.
The sheets were sold bulk to a convent near his house that needed lots of postage, at usually 20% less than face value.

Something similar happened to Warren Buffett when he was just starting out, right after he left Graham-Newman; him and his partners bought up several thousand dollars of a blue eagle stamp that the post office was about to discontinue, only to belatedly realize they weren’t worth more than face value. They used to stockpile to mail out annual reports. They bought the stamps in the mid 1950s; the stockpile wasn’t exhausted until the early 1970s.