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 Wednesday, July 09, 2008
People are too jealous of dealers trying to make a buck
Posted by Chris

old man.jpgAs I blogged about Monday, the movie "Diminished Capacity" is getting a lot of exposure in the hobby, even though it was released in theaters on a very limited basis. CLICK HERE to get Mr. Mint's take on the film.

This whole topic raises some good questions. And there were some comments in the blog that questions dealers purchasing items from naive sellers. The question is, what's the difference between taking advantage of a seller and doing normal "card dealer" business with someone?

I'm not sticking up for anyone (just raising the question), but when's the last time you saw a collector at a card show, who was trying to sell his/her collection, only to find a dealer putting a gun to their head and forcing them to sell the collection?

Dealers are in the business to make money. It's not an easy business either. Just take a look at the Yellow Pages under "card dealers" from 15 years ago compared to a current phone book. I know that might rub "collectors" the wrong way, but unless the dealer is being totally dishonest with the seller, I have no problem with the dealer paying 30-40 percent of what it would sell for on eBay or via a major auction.

I think there is quite a bit of jealously that goes around in the hobby when people constantly rip on guys like Mr. Mint for "taking advantage of older collectors."

That is garbage.

The sellers have every right to exhaust all their options when looking for someone to peddle their collection to, and I guarantee that almost every person who ever sold their collection to Rosen made lots of money on their cards. Nobody is forcing them to sell.

*****************

Could you have the chance to bid on thousands of dollars in baseball cards that were seized by the government? It's possible if the man accused of drug charges is found guilty. CLICK HERE TO READ WASHINGTON POST ARTICLE.

I've heard of criminals getting boats, cards, houses etc. seized, but baseball cards? This is a new one, but I guess if there's value, they can be taken by the authorities.

I wonder how collectors will be able to bid on these "drug cards."




7/9/2008 4:39:39 PM (Eastern Daylight Time, UTC-04:00)  #  Comments [6]
7/10/2008 12:08:58 AM (Eastern Daylight Time, UTC-04:00)
Chris you make a lot of good points . The thing most people forget is cards are only worth what someone is willing to pay for them,Not what the price guides give as a value. A lot of people use the books like they are a fact or exact value when they are only an educated guess. I've never meet Mr.Rosen so I can't judge him . He has helped the hobby in many ways by bring some of the finest cards to the forefront of the hobby. Without people like him willing to take a chance and spend some money would the card hobby have become what it is today? We call what he did being an entrepenurer (not sure if thats spelled correctly). Mr.Mint keep doing what your doing and don't worry about what people say....But you already knew that, Brett
brett 75
7/12/2008 10:33:01 PM (Eastern Daylight Time, UTC-04:00)
Chris,

You make some very strong points. Dealers are in the business to make money. However, when I see an autographed Bob Feller bat selling for $250 in an SCD ad on the most recent back cover, I get angry. This bat can be had for $50 to $70 most anywhere else, authenticated.

True collectors understand the values of cards, collectibles and autographs. We are trivialized when dealers post ridiculous prices for their items, and then complain of slow sales or little foot traffic at stores and shows.

The last post mentioned items being worth what someone will pay for them... To a small degree in our collectible world this is true. Yet, we all know what a Pete Rose autograph ball or Marino Topps PSA 8 rookie is worth. There is a reason why Ebay allows bidders to look up realized prices, and the range is narrow and consistent, hence, telling us what our collectible(s) are worth.

So yes, dealers will low ball, but this can be done with respect and fairness. I've met Mr. Mint and he was anything but pleasant. He seems to be the Barry Bonds of high-end card dealers. I guess he will have to live with the label and take a table at the National in the back... Wait a minute, he is to good to be sitting anywhere except directly in front of the entrance. Point made.
7/13/2008 2:13:45 PM (Eastern Daylight Time, UTC-04:00)
Phil, Thanks for the comments... You are always welcome on the blog...

The one thing I really agree with you about is dealers who complain about foot traffic and bad shows. The dealers who have realistic prices still do well at shows. Why the heck would someone shell out 350 bucks for a Joe Montana signed ball at SportsFest when they can pick one up for under $200 on ebay?

Dealers are quick to whine about a show not being good, but sometimes they're part of the problem.
Chris Nerat
7/13/2008 8:12:44 PM (Eastern Daylight Time, UTC-04:00)
Chris,
I have seen you buy things from collectors at shows for far less than the retail value of those items. You are always very honest about it though...almost unbelievably so. You literally say things like "well sir, the real value of this item is $2,000 and I can afford to offer you $1,200. It's as if you want to make sure the seller of the item is well-informed so that there is no possible way he is going to be taken advantage of. This is a great way to do it...even though you have likely lost your share of gems with this practice.
The problem is NOT buying something for less than its value...the problem is deceiving a seller into believing their item is worthless so that you can "steal" it from them. Unfortunately there are dealers out there who do this. Please admit that you see the difference in these scenarios.
Harpt
7/14/2008 9:10:08 AM (Eastern Daylight Time, UTC-04:00)
I see the difference, but if you loose deals by being THAT honest, does that make you a good business man, or an honest, mediocre business man?

Could I operate like some of the dealers you mention? Probably not. But, I still think it is the sellers job to keep themselves as informed as possible and try to get the best price that makes them the happiest.

Also, keep in mind that guys like Mr. Mint pay in cash. Not saying it's wrong or right, but by him paying in cash the seller can potentially avoid paying capital gains tax on that and save about 25 percent, as opposed to selling the stuff to someone who pays with a check (and a paper trail).

By the way, HARPT... You're no better. I heard you just ripped off a kid for a game-used helmet:)

chris
7/14/2008 2:23:52 PM (Eastern Daylight Time, UTC-04:00)
Ha!!!! You got me.
Harpt
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