Author
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Topic: Suggestions to buy a big collection
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Kuleron Member
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posted July 06, 2011 01:21 PM
Lately I increased my desire to find and buy a big collection, but in order to do this i need some help, ideas and suggestions from you MOTLers :-).+ I've been thinking to buy something between $25k to $30k. My idea is to buy a nice collection, not single cards nor bulk commons/uncommons. It should be something Legacy/t1/EDH oriented. + I would be probably have to buy that from a person in the USA or Canada so instead of spending a lot in fees and shipping i would rather go there and buy it in person. In order to do this I would like to know a few things first. + Are there any kind of events there that make collections that big easy to find?. + In case I find someone from MOTL willing to sell. The way to go to assure that when I go there to pick the collection would be through third party or do you think it can be any other method?. + Is there a time of the year in which collections easier to find? + The big question, price: I have experience buying collections but not that big, should the price reduction in opposition to single cards be higher or lower than smaller lots?. (nice collections tend to be around 80%, so collections this big should be closer to 70% or to 90%?) Any other suggestion would be nice!. Thanks and sorry for my bad english.
[Edited 1 times, lastly by Kuleron on July 06, 2011]
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joz Banned
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posted July 06, 2011 01:37 PM
I'll sell you my legacy/vintage/edh oriented collection for that much, wow! but as for advise, you might wan't to be more specific in what you're looking for. Alot of stuff is going to be just bulk crap. And you're always going to want to look through a collection before you buy it, because someone will try to sell you a vintage/legacy collection, with two FOW a LED and 10,000 bad rares that are vintage/legacy legal.
__________________ Joz - can we ban Leshrac for not fixing the Chrome PM issue?Gunslinga - If I thought it would help, and if I could, I would.
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MasterWolf Member
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posted July 06, 2011 01:42 PM
Ugh.Anyway Kuleron, it's not really going to be easy to find that kind of 1-shot collection, unless you are buying out a store's inventory or find the random old collector giving up the game. It might be more feasible to pick up 3-5 $5-10K collections throughout the states.
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Tim Shaffer Member
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posted July 06, 2011 02:06 PM
Yah I agree, I cant think of who would both have that sort of collection and be looking to get out, which is the only way I could see you getting a large collection like that for any reasonable price. Could you be more specific about what kind of collection you are looking for? If you are throwing around that kind of money and are just trying to find a one stop destination to have an instant good collection I would assume you would have to find someone who is not looking to get out of magic, but would sell their full collection at a premium. That should be easy to find as many high end collectors/traders are generally looking to gain value on everything and at the right price I am sure they would be willing to start over. But if you are looking to find someone who is trying to just move a collection of that size because they no longer want it, I say good luck to you sir as that sounds like an unlikely find. Tim
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Timmyhill Member
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posted July 06, 2011 02:31 PM
A guy with this user name (john brozovsky) over on cardshark.com was trying to sell me his collection for 350k... says it contained a playset of every core and expansion set printed. I dont know if he still has it or not but if your intrested I can try to find his email again.
[Edited 1 times, lastly by Timmyhill on July 06, 2011]
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stu55 Member
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posted July 06, 2011 03:16 PM
quote: Originally posted by Timmyhill: A guy with this user name (john brozovsky) over on cardshark.com was trying to sell me his collection for 350k... says it contained a playset of every core and expansion set printed. I dont know if he still has it or not but if your intrested I can try to find his email again.
$350k seems awful?
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MTDetermine Member
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posted July 06, 2011 05:29 PM
From the people I saw on MOTL, I realized sellers with $1000 to slightly over $5000 of collections are most realistic on what they can get for their collection. Once it gets over $5000, it: 1) becomes worth while for the seller to part it out himself asthere are likely to be large number of easily sellable money cards, 2) seller gets a distorted view of how valuable his collection is, 3) thinks everyone is a potential Scammer trying to scam him out of his valuable collection, in which case he will prefer to sell in person or bring to a nearby "big name shop that will not cheat him".
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Ryoka Member
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posted July 06, 2011 05:32 PM
quote: Originally posted by stu55: $350k seems awful?
+1 if anyone had $350k and bought cards with it, he should be struck by lightning and die. u should be buying a house with that money.
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MTDetermine Member
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posted July 06, 2011 05:40 PM
For $10000+ collection, you have at least 2 types of seller.First (more likely) is the collector who collects a lot of old stuff early on and has seen his collection exploded in value tremendously. His collection will be focused and slim, with relatively few junks or bulks. Likely a prime Donna who checks out those high BIN offerings on eBay and thinks you are scamming him Second is a player who really spend tones opening up packs and buying competitive singles. If you buy his stuff, o doubt you can carry everything back even if you empty your luggage and dump most of the bulk uc/c. This type will be more realistic and you can scope a lot of nice uc/c from his bulk, maybe even rares that were trash but now edh gold.
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MTDetermine Member
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posted July 06, 2011 11:24 PM
quote: Originally posted by Timmyhill: A guy with this user name (john brozovsky) over on cardshark.com was trying to sell me his collection for 350k... says it contained a playset of every core and expansion set printed. I dont know if he still has it or not but if your intrested I can try to find his email again.
Preciously the kind of "prime donna" seller who over-inflates his MTG holdings' value that I was talking about. Assuming his stuff are NM, 4x of these sets are: Alpha - 80000 Beta - 80000 UNL - 40000 AN - 5000 LEG - 6000 ANQ - 3200 3rd - 3000 $217,200 to date FE - 100 HL - 80 Chronicles - 100 IA - 320 Alliances - 440 Mirage - 440 Visions - 260 Weatherlight - 240 Tempest - 800 Stronghold - 400 Exodus - 400 Urza Saga - 1400 Urza Legacy - 300 Urza Destiny - 280 $222,760 to date.....And most of the sets thereafter are not very valuable except for maybe ONS
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hammr7 Member
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posted July 07, 2011 05:37 AM
I love it when people try to do a psychological profile on me! I say that because I have a huge collection that meets the stated criteria and I will hopefully part with a huge chunk of it before too long. Please note this is not an offer to sell, since I am no where near organizing what I want to sell (which is one of the key problems for many large, legacy collectors like myself who aren't active in the business).As background, I converted to collector after running out of time and opportunities to play. So I started "collecting" around 1998. I was an active accumulator of cards and collections through ~ 2005, but never tried to pick up anything still in rotation, so my collection is basically 2001 or 2002 and earlier. I was always better at buying cards and collections than I was with selling them. I don't have enough time to work on my core collection, and I have even less time to completely organize my extras. My extras are probably on the order of 100,000+. And while many are organized, many others are not. I know most of the extra big money cards I have, although anything newer than Unlimited or Antiquities that has spiked in the last 4 or 5 years might still be buried in the bulk piles. I am torn between putting in the time to finally organize everything versus just selling most of the extras as bulk to clean up the mess and eliminate a massive undertaking. So far neither view has won out. Which brings me to recommendations to answer the original post. 1. Collections of larger than ~ $10,000 aren't that common, especially if you are looking for hidden gems. Most collectors (and all dealers) will know pretty much what they have. If you buy a completely organized, set based collection, you need to expect pretty close to set pricing. 2. You may be able to bargain a bit more with collectors on price. Dealers typically base everything off actual list price, and are familiar with maximizing sales price, since it is their profession. Collectors typically understand "list price", but are more flexible. Like me, they might not be as comfortable or interested in selling at retail, and their floor price would be dealers buy price. The bottom line is that you are hoping to buy at dealer buy prices. One limitation is that collectors know how liquid key cards are. So you can't expect to bargain dual lands down much, no matter how big the buy. 3. If you are coming to the US to buy large quantities of cards, make sure you do a lot of homework first. - The US is huge, and extensive traveling can eat up a lot of money. - Your best deals will probably be sprawling collections lacking organization. These will require more time from you to evaluate and sort. Even if you can scan 20,000 or 30,000 cards per day, that means a 100,000 card collection might take 3 to 5 days to evaluate and (assuming you are successful) pack for shipment. If the collection is already organized you spend less time but probably pay a higher price because of the organization. - Take into consideration the cost of shipping. Cards weigh quite a bit. To hand-carry the key cards while shipping the bulk cards implies completely sorting each collection. Otherwise you are paying a lot more for insurance on the shipments to protect your investment. In summary, if you are coming to the US for school or a job or an extended visit, then you can take some time to track down possible collections. You can have some fun and do it profitably while seeing some of the US. To travel to the US with accumulating collections as your only goal needs a lot more planning if you wish to be successful, and ultimately profitable.
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MTDetermine Member
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posted July 07, 2011 06:20 AM
99% of the time, I offer more than "dealers buy price". The collectors I meet to date usually base their asking price on the "high side of ebay prices".....Basically, they want retail price. After a while, you know who you can work with, who you cannot. Most air travel's weight limit is 25kg. Setting aside 2kg for the luggage case weight, you have 23kg left, or basically room for 11500 cards assuming you do not use any box/albums/toploaders to store them in. Maybe you can stuff another 2000 cards into your "laptop bag with no laptop", and another few thousands into your hand carry. But it will be difficult to carry anything more than 20000 cards, unless you have Bus/1st Class with much higher luggage limit. I did not know a "large collection" can have 100,000 cards. Mine is only 20,000+ cards though the value is pretty not bad.
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hammr7 Member
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posted July 07, 2011 06:55 AM
quote: Originally posted by MTDetermine: 99% of the time, I offer more than "dealers buy price". The collectors I meet to date usually base their asking price on the "high side of ebay prices".....Basically, they want retail price. After a while, you know who you can work with, who you cannot.
Any collector who won't budge from the high side of Ebay doesn't really want to sell, or wants to be a dealer. At a minimum, I expect that a face-to-face cash sale would discount by 20% off the combined Ebay price plus shipping, except in the case of the most desirable cards. Because even when a buyer pays final price plus shipping, the seller gets ~ 20% less after shipping, Paypal and Ebay fees. quote: Originally posted by MTDetermine: I did not know a "large collection" can have 100,000 cards. Mine is only 20,000+ cards though the value is pretty not bad.
A 20,000 card collection is not small at all, but when you are talking older collector's collections (as opposed to a player's collection, which often only include playable cards) the numbers can get staggering. My English language player's sets, which represent the core of my collection, include more than 30,000 cards (Limited through 7th, Arabian Nights through Judgement, including Alt. 4th). This number doesn't include any of the extras for those sets, just the player's sets themselves.
[Edited 1 times, lastly by hammr7 on July 07, 2011]
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stizkidz Member
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posted July 08, 2011 07:26 AM
I'm reading this thread wondering why would a serious collector/player want to buy ANY amount of bulk other than to resell?I would assume that anyone buying a large collection (not as a dealer) would only be interested in buying staples or even semi-playables in any kind of quantity, no?
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hammr7 Member
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posted July 08, 2011 09:25 AM
quote: Originally posted by stizkidz: I'm reading this thread wondering why would a serious collector/player want to buy ANY amount of bulk other than to resell?I would assume that anyone buying a large collection (not as a dealer) would only be interested in buying staples or even semi-playables in any kind of quantity, no?
International deals are a different animal than domestic ones. We in the US don't appreciate how good we have it when it comes to English language cards. And While Japan and Western Europe have "developed" Magic communities, many other countries don't. The original poster is from Argentina. If Argentina is like most South American countries, it is difficult to find any older cards (in any language). When I used to sell on Ebay, I was amazed how much higher prices were in some markets, simply because the players couldn't get any quantities of cards (and many Ebayers were afraid to ship to their countries). Some looked to buy bulk collections and had formats set up locally that purposely kept deck prices cheap (by using bulk cards) so that more people could participate competitively. If you have a reasonable Magic community, local demand may support large purchases directly from the US. But International shipping / insurance costs can be a deal-breaker. In terms of final costs to get cards into the country, a visit like the one initially proposed is economically reasonable if done right. And it doesn't matter whether this is a large group purchase or an investment in a business. With a budget of as much as $35,000, that would seem to be stock for a business. But it could be a few of the oldest sets in high condition, which could be an individual making an investment.
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riemann-zeta Member
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posted July 08, 2011 03:23 PM
quote: Originally posted by MTDetermine: Mine is only 20,000+ cards though the value is pretty not bad.
*clicking the like button*
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MTDetermine Member
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posted July 08, 2011 08:46 PM
quote: Originally posted by stizkidz: I'm reading this thread wondering why would a serious collector/player want to buy ANY amount of bulk other than to resell?I would assume that anyone buying a large collection (not as a dealer) would only be interested in buying staples or even semi-playables in any kind of quantity, no?
Hammr7 is right. In some markets with limited access to USA, prices of old cards are very high. Once, when I was overseas, I met 1 guy who bought 4 REV Red Elemental Blasts from him local dealer at $3 each. I was stunned. He told me he needed them for his sideboard and he simply could not find a cheaper source. This is a more extreme example, but you get the idea that in some places, card prices are higher.
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Omega Member
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posted July 09, 2011 06:13 AM
Local, here in Montreal, you can sell your older cards, like dual for 10-30$ more than what MOTL has them at.Take this into account : the ability of getting your card LIVE (Not having to wait for shipping, shipping fees, possibility of scam/loss) does command a premium. Also, locally, you don't have access to all cards, and it takes times + physical movement to find what you want. Internet makes it very easy. As for how much you should discount from a big collection, that's a different story and everybody has their own view on this. My guess is that you have to make sure that you make a good profit (depending how fast you can turn your investment into money) and that you are offering enough to make it worthwhile for the seller :P The goal is to find the perfect balance
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rats60 Member
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posted July 09, 2011 07:54 AM
quote: Originally posted by stizkidz: I'm reading this thread wondering why would a serious collector/player want to buy ANY amount of bulk other than to resell?I would assume that anyone buying a large collection (not as a dealer) would only be interested in buying staples or even semi-playables in any kind of quantity, no?
1. Many bulk cards turn into 10-20+ cards. Example, when Time Spiral was unbanned, I found 8 in my bulk rares. 2. Not all people just want staples. There are more casual players than serious players. Many times they want cards that serious players won't touch because they're not in a net deck. EDH players want cards that will never be playable in any 1 on 1 format. 3. People can do junk rare drafts for fun. 4. If people are selling their collection, most aren't going to let you cherry pick their good stuff and leave them with only bulk.
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mm1983 Member
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posted July 09, 2011 08:27 AM
quote: Originally posted by rats60:
2. Not all people just want staples. There are more casual players than serious players. Many times they want cards that serious players won't touch because they're not in a net deck. EDH players want cards that will never be playable in any 1 on 1 format.
EDH is more serious of a format than people realize. I've noticed some cards skyrocket in price simply because of EDH. I don't know if the format is really taking off yet as far as stores doing tournaments for it but more and more people around me are playing EDH just for fun. What I love most about EDH is that there really is no net decking and the way people win is not always the same way. In a way it kinda takes me back to the days when I first started playing and really loved the game before net decking came about.
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Kuleron Member
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posted July 21, 2011 09:24 PM
thank you all for the replies!...to answer a few and to describe better what was my idea. + I said 25-30k$, NOT 350$k :-). + The fact that I'm willing to spend that on cards doesn't mean that I want to do an awful deal or that I'm an idiot :-). So please stop sending me offers with ridicously high prices to my email. Apparently I thought wrongly that there would be a few collectors that would be happy to move their collections at a reasonable price which brings me to.--> + My idea to buy a collection was because I thought that due to the increase of legacy and foil prices there may be some people willing to cash out their lots and moving them as a whole would demand them less effort, but again I may be wrong. + Like i said in my post. I wasn't looking for bulk, in case the collection i was buying contained that i would probably pick the decent stuff and give the purely bulk stuff away or put that in the trash. That's one of the reasons I'm considering going there instead of getting the cards shipped. + Looking at several comments It would seems easier to buy the staples at the actual price and look for lower cards in smaller collections. + My idea was to travel because in a 25$k collection the cost of sending the money+shipping = the cost of going there. + Magic scene here in my country is getting bigger every time and there are no large quantities of older cards available (those were sent from Argentina to USA and Europe 10 years ago when Argentina devaluated it's currency). Also Argentina is a very complicated country where for example cheap packs mean 5.15$ each. Also, market prices' here are completely deifferently of what you may see anywhere else. + Like MTDetermine said, I'm not going to carry bulk and 25kg is more than enough for cards. I didn't consider that as a problem. (I would eventually dispatch the rest if there was more). PS: Thanks everyone specialy MTDermine and hammr7 for all the input!.
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ermabwed Member
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posted July 22, 2011 03:11 PM
People who will prefer to sell a large collection all as one piece certainly exist, but you can't expect that they will be the ones lurking casually on this forum. Maybe spending a day at GenCon would be the way to go?__________________ Always buying misprints. Specifically looking for: Wyvern FE $25 each (LMK if you have non-bulk ones) Alternate 4th: Ebony Horse $3 Eye for an Eye $3 Millstone $6 Sorceress Queen $4 bulk rares $.50 uncommons $.05 commons $.01 Ask about money rares
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