Flipping Cards
From time to time I get the feeling that quite a few members look down on flipping cards. If it's done with complete transparancy, what's difference does if make. I probably say that 50% of my collection has been put together by some kind of flip. If I buy a group of 50 VG T206 cards for a $1,000, keep 10 and sell the Remainder at something like $25 each so that I paid nothing for the 10 that I chose to keep, Is there something wrong with that?
A couple of years ago I had one grade E121-80 in my collection (Burns - Cleveland I think it was) that was an SGC EXMT card - the highest that they had graded at the time. At the time there was a "whale" buying up highly graded E121's on Ebay and watched him do so for several weeks before I put my card out there with a reserve of $275 or $300 to see if he would buy it - which he did. I had paid maybe $40 for the card a couple of months prior. I took my $260 profit bought another raw EX Burns card at the National for about $30 and spent the rest on other cards to put into my collection. The funny thing was within hours of the sale the was a Net54 thread going concerning my sale, asking what's up with this Ebay auction. There was no conspiricy to defraud anyone, I saw a situation that I could take advantage of and I did. The guy had bought 50 cards before he bought mine, probably many from guys that post here.
What's the big deal with card flips? (Beside my father doing it with most of his '33 goudey as a kid and ruining the corners for me!)
All in all, I don't get it.
|