Cashing in a Starting All Over

[Exhibitman]

Originally Posted by ullmandds

Nope…im too young. BUT...if all of a sudden my cards...after selling and paying taxes could fund a comfortable retirement...I wouldn't give it a second thought!!!

Fortunately for me, my collection isn't worth anywhere near what I would need to retire, unless my plan was to be homeless, so I can keep it.

[Snapolit1]

I have taken a hard look at my collection and decided to sell a number of cards that have appreciated which I really don't have strong feelings about. One of two maybe I have regretted selling, but if you paid $5k for a card now worth $25k, that profit in effect pays off a lot of other purchases.

I have no interesting in leaving behind 1000s of cards for others to have to deal with. A nice size interesting collection as an inheritance is cool. More than that is a burden. I've seen it with friends and family members with coins and stamps. You are not doing anyone a huge favor. Sell some of your stuff and take that trip you've always dreamed about. I really can't imagine on my death bed my last utterance is going to be "God damm it I should I have bought that Eddie Plank card when it was $4000."

If you think everything just goes up, up, and up, remember the old Wall Street saying "trees don't grow to the sky."

[Exhibitman]

Originally Posted by Snapolit1

I have taken a hard look at my collection and decided to sell a number of cards that have appreciated which I really don't have strong feelings about. One of two maybe I have regretted selling, but if you paid $5k for a card now worth $25k, that profit in effect pays off a lot of other purchases.

I have no interesting in leaving behind 1000s of cards for others to have to deal with. A nice size interesting collection as an inheritance is cool. More than that is a burden. I've seen it with friends and family members with coins and stamps. You are not doing anyone a huge favor. Sell some of your stuff and take that trip you've always dreamed about. I really can't imagine on my death bed my last utterance is going to be "God damm it I should I have bought that Eddie Plank card when it was $4000."

If you think everything just goes up, up, and up, remember the old Wall Street saying "trees don't grow to the sky."

Inheritance? Pfft! I plan to line my casket with my collection and take it into the afterlife like a Pharoah. A poor, nerdy Pharoah.

[Snapolit1]

Originally Posted by Exhibitman

Inheritance? Pfft! I plan to line my casket with my collection and take it into the afterlife like a Pharoah. A poor, nerdy Pharoah.

Would be a great story on CNN.

[Rhotchkiss]

Originally Posted by Snapolit1

Would be a great story on CNN.

The words “great” and “CNN” do not belong in the same sentence. Sorry, I couldn’t help myself (and I think Fox sucks too)

[mrreality68]

With some of the cards I have and the spike in prices I have been tempted to sell some of the cards and put some of it back into my collection on lower value cards.
But it is tough because I love the collection I am working on and I feel if I moved some of those cards then it takes away from the overall collection
I feel like these cards are mostly connected to each other

But as of now I am the hold and collect and enjoy mode

[Eric72]

Originally Posted by Exhibitman

Inheritance? Pfft! I plan to line my casket with my collection and take it into the afterlife like a Pharoah. A poor, nerdy Pharoah.

L O L

My wife was startled by the suddenness and volume of my laughter.

[chlankf]

Originally Posted by Exhibitman

Inheritance? Pfft! I plan to line my casket with my collection and take it into the afterlife like a Pharoah. A poor, nerdy Pharoah.

As an amateur egyptologist/archaeologist. I'm going to do a dig and display you and your treasures in my own personal museum. Title the display as "A poor, nerdy American Pharaoh by an even poorer and nerdier Iowa Pharaoh."

[skelly423]

This is an interesting idea which I've employed to a lesser degree. I've never sold everything at once, but I've had cards/sets that I've fallen out of love with and sold. I can't say I've ever really regretted it. I think an occasional examination of your priorities and interests (both with respect to specific cards/sets, and life in general) is a healthy part of collecting, and I have no hesitation when it comes to purging cards I don't love.

I'd rather have a small, well selected collection of cards I absolutely love than a large selection I'm lukewarm about.

[marzoumanian]

Yes, Johnny, I started the process seven years ago.
Here's my two cents:

1) Make certain your top 10 "stars" from each set are graded and accept the grade given by PSA/SGC if you're submitting now (don't resubmit over and over for a higher grade)
2)Test a few auction houses. I tested Heritage, Mile High, and PWCC before ending up with REA. Don't base your final decision on the PRICES you get. Auction houses can't determine price. Instead base that decision on CUSTOMER SERVICE
3) Enjoy the auction process when it goes live. It should be FUN to watch your set move up, especially in those final hours. I wrote a piece about this in particular on my website, www.markearzoumanian.com. I titled it "Why am I Addicted..." and it can be found under the "Love of the Hobby" section.
Hope this helps. Peace and stay healthy.

[HistoricNewspapers]

Originally Posted by Snapolit1

I have taken a hard look at my collection and decided to sell a number of cards that have appreciated which I really don't have strong feelings about. One of two maybe I have regretted selling, but if you paid $5k for a card now worth $25k, that profit in effect pays off a lot of other purchases.

I have no interesting in leaving behind 1000s of cards for others to have to deal with. A nice size interesting collection as an inheritance is cool. More than that is a burden. I've seen it with friends and family members with coins and stamps. You are not doing anyone a huge favor. Sell some of your stuff and take that trip you've always dreamed about. I really can't imagine on my death bed my last utterance is going to be "God damm it I should I have bought that Eddie Plank card when it was $4000."

If you think everything just goes up, up, and up, remember the old Wall Street saying "trees don't grow to the sky."

That's a good way of looking at it.

Trees never grow to the sky is true, but some do grow considerably tall, they maintain their height as a pillar of nature, and some trees have recorded life spans of 3,000 years.

[HistoricNewspapers]

Originally Posted by Exhibitman

Fortunately for me, my collection isn't worth anywhere near what I would need to retire, unless my plan was to be homeless, so I can keep it.

I enjoy your quips.