When you buy for resell, what percentage do you try to buy at?

[Rich Klein]

The "right" answer is,, what are you comfortable with?'

You can work on a tighter margin if you know/have a good understanding of how quickly you can sell an item than if you think you are going to hold it for a while

Coin dealers made a lot of money over the years buying deals on literally a 5 percent markup or less.

One secret to Alan Rosen's success was he was more of a "Flipper" and worked on a smaller margin than most of us were comfortable with.

We may talk about this on a future Dr. Beckett podcast but to give you an hint: I had a small group of 17 cards I purchased from a $1 box last weekend.

This was the result and understand these prices will be at the next show I set up at

so I got home this afternoon and decided using the OPG and COMC for those 2 cards not in the OPG to price what I had purchased

The results are -- all $5-8 cards I priced at $5 for my selling purposes

$1 3 Cards
$3 1 Card
$5 10 cards
$10 3 cards

This is a 5X BTW $86 of asking price for $17 cost

Not too bad. Also, sometimes I will do the break even to get a card into my inventory I kind of sort of like.

Rich