Buying collections - can this work?

[Belfast1933]

Originally Posted by BobC

You don't think putting out a bunch of cash will bring people to your table looking to sell stuff? If not, you likely don't understand the greed and desire of many people. It will also likely create a slight (actually more likely a big) bit of buzz at the show as people walking around start telling and questioning others if they saw the one dealer/seller with the briefcase full of cash. It WILL attract people to come see you, but it is also probably not a great idea for everyone for several of the negative reasons I also mentioned, for those that can't handle the negative stuff.

You might think I'm being some kind of a jerk, especially after your 'Umm - thanks?" comment/question. But I'm being fully serious if you want to get attention for buying stuff at a card show. Honestly tell me what other suggestion(s) by anyone else in this thread will likely get you more actual attention for what you want, faster and quicker than what I've suggested. Everything I stated is 100% logical, makes perfect sense, and/or is true. If you don't want some completely honest advice, don't go asking for it.

Sorry Bob! I thought your suggestions were tongue in cheek… now I get it! Set up a fake briefcase of $$ and a faux security guard.

I read your post too quickly - it actually sounds pretty funny (and could be effective, especially if I did this multiple times AND landed a few bigger deals this way to legitimize the gag set up.

I’ll have to think about whether I am up for that… but it is a clever idea. Again, sorry… I thought you were goofing with me. Apologies!

[BobC]

Originally Posted by Belfast1933

Sorry Bob! I thought your suggestions were tongue in cheek… now I get it! Set up a fake briefcase of $$ and a faux security guard.

I read your post too quickly - it actually sounds pretty funny (and could be effective, especially if I did this multiple times AND landed a few bigger deals this way to legitimize the gag set up.

I’ll have to think about whether I am up for that… but it is a clever idea. Again, sorry… I thought you were goofing with me. Apologies!

Jeff,

No problem, but I was being very serious. and also serious about the things to be careful about if you do use real money. There are always stories of theft in the hobby, and if you are hauling around a lot of actual cash, you do need to be VERY CAREFUL as well.

But people seeing a lot of cash gets them excited. There is no replacement for greed and the desire of many people who think they can get their hands on some. And again, you'll be lucky to get a lot of legit items/collections you may be offered for sale as many people will try to get their hands on your cash, all the while thinking their stuff is worth way more than it actually is. So, in addition to being extremely patient and waiting for those actual good items/collections being offered, you also have to be an extremely good judge of a very diverse amount of stuff you'll likely be shown so as to be able to recognize the actual good items/collections you'll end up looking at, and you'll also have to be very dedicated to follow a strict regimen to properly assess and appraise those items/collections as accurately and conservatively as possible. If you honestly don't know the true value of many items/collections you're being shown, you may want to think twice about even starting to do something like this. Always remember the old adage, you actually make your money when you buy items, not when you sell them!

[raulus]

If you’re going with stacks of cash, then I’d pair it with this suit.

[Belfast1933]

Originally Posted by BobC

Jeff,

No problem, but I was being very serious. and also serious about the things to be careful about if you do use real money. There are always stories of theft in the hobby, and if you are hauling around a lot of actual cash, you do need to be VERY CAREFUL as well.

But people seeing a lot of cash gets them excited. There is no replacement for greed and the desire of many people who think they can get their hands on some. And again, you'll be lucky to get a lot of legit items/collections you may be offered for sale as many people will try to get their hands on your cash, all the while thinking their stuff is worth way more than it actually is. So, in addition to being extremely patient and waiting for those actual good items/collections being offered, you also have to be an extremely good judge of a very diverse amount of stuff you'll likely be shown so as to be able to recognize the actual good items/collections you'll end up looking at, and you'll also have to be very dedicated to follow a strict regimen to properly assess and appraise those items/collections as accurately and conservatively as possible. If you honestly don't know the true value of many items/collections you're being shown, you may want to think twice about even starting to do something like this. Always remember the old adage, you actually make your money when you buy items, not when you sell them!

Good stuff, thx… though I don’t think that’s quite my style or comfort zone. (Though that money suit above is super sweet, no doubt!)

[BobC]

Originally Posted by Belfast1933

Good stuff, thx… though I don’t think that’s quite my style or comfort zone. (Though that money suit above is super sweet, no doubt!)

Good luck in whatever you end up deciding to do Jeff. But do keep that one adage I mentioned in your mind at all times. You make your money when you buy, not when you sell.

[Belfast1933]

Originally Posted by BobC

Good luck in whatever you end up deciding to do Jeff. But do keep that one adage I mentioned in your mind at all times. You make your money when you buy, not when you sell.

Yep, cliche’s become cliche because they are true!