Hobby Quick Hits Ep.195 Buying/Selling Bigger Cards/Deals

Transcript

care Hobby quick

hits delivering that breaking hobby

news directly to your

[Music]

ear you want to know those hot drops

from the car shop we've got you covered

with your

host John

[Music]

Newman all right welcome to episode

195 of hobby quick hits to today's

episode is

about big transactions buying and

selling what you would consider a large

transaction and again the def the

definition of a large transaction might

be different to all to each of us right

what might be big to me may not be big

to you what might be bigger to you might

not be bigger to me and vice versa and

so if you ask you know self inflecting

to me a big transaction's four figures

something a sale that's four figures or

more and that's you know you got to keep

in mind I've been doing uh card shows as

a dealer since the age of 15 so that's

37 years and U you know so that's a

$1,000 transaction and and they don't

happen all the time um but I've bought

cards for that I've sold cards for that

right but it actually even when I first

started it took many many years before I

sold one card uh on that level or even

bought one card at that level um but

what you know what I wanted to go over

in this episode folks is just some tips

and tricks not really tricks tips and

advice to how to consummate those kind

of deals on both sides right as a seller

and as a buyer both to protect you uh on

on either way right you hate to you hear

stories of someone getting taken

advantage of or just getting taken Point

Blank taken so that's what this show is

designed to do just kind of uh shed some

light on how large transactions

sometimes uh go down in different forms

of payment and and tips and stuff so

that you you know your hobby experience

hopefully doesn't get rued by a bad

transaction okay now a quick word from

our great sponsor followed by the new

product release schedule then we'll go

around the hobby verse to tell you all

the latest hobby happenings in news then

we'll tackle today's topic of discussion

hi this is Pat Hughes Cubs Announcer

coming to you from the sports card shop

in beautiful New Buffalo Michigan the

goer family has built an incredible

place here for collectors to buy sell

and trade cards and memorabilia be sure

to stop by and let them them show you

around the sportscard shop.com

connecting Sports athletes The Hobby and

collectors around the world hi this is

Alan pinket and I'm here to tell you the

goer family has done it again they've

just opened up the sport card shop in

downtown valarezo Indiana and it is

awesome if you're a collector you need

to check this place out tell them Allen

sent you and get a free gift on your

first visit go ahead let's check out

this week's hobby wax releases take it

away Owen hey guys for sports car shop

let's go over the weekly releases on the

31st we have P National Treasures

basketball going to the second we have

Topps Chrome MLS soccer Sapphire and

then the third we have P contenders

optic basketball uh Panini prism

football no huddle tops luminary

baseball Upper Deck Black Diamond hockey

Pini prison baseball hobby Blaster going

to the six we have uh Bowman's best

University football Bowman's best

University football delight and in the

eighth we have P pism Collegiate draft

picks basketball tops archives baseball

tops archives baseball

blasters um tops archive baseball

collector top Star Wars high tech and

then the ninth we have tops Chrome

Formula 1 racing Sapphire tops Midnight

basketball and then to to the 10th we

have we have Panini Don football Hobby

and wild card seven studs metal high

stakes Edition Football that's it guys

see you let's Go Round The Hobby verse

and catch up on this week's hobby

news and find out

all right our first story uh the Freddy

Freeman Grand Slam ball from World

Series game one W uh on that blast uh by

the Dodgers six to3 in Extra Innings uh

went for

$11.56 million congratulations to the

Rudman family they are the family that

attended the game that procured the ball

as it went into the stands uh for home

runs it was

sold through SCP auctions no idea what

the family plans to do with the funds

but uh talk about a uh Roi and game one

uh tickets at the World Series it is the

third highest uh ball as far as sales go

so it's now ranks third all time for uh

sold balls uh Barry Bonds whether you

think he's in the Hall of should be in

the Hall of fame or not he's going to be

in some Topps Products uh signing

autographs for the first time in eight

years since 2017 holy cow I don't

believe it he'll be in such products as

Diamond icons the

2025 Flagship and other products he will

appear in certain products in the pirate

uniform and in other products is a

Giants uh player uh be remiss if we

didn't talk about about uh a passing of

a legend and a legend and I ironically

maybe the who was the greatest living

ball player alive until his passing and

that's Ricky Henderson at the age of 65

way too young um no official reports but

uh indications are he died from the uh

complications due uh to pneumonia so

let's talk uh uh some money

here Becket uh which falls under the

trifecta with Southern Hobby and Dragon

shield uh under a uh collectivist

Holdings is getting a

$250 $250

million surplus injections from King

Street uh Capital Management to move

their companies forward starting in the

year 2025

and you know becket's got a long way to

go you know if you look at the gem rate

uh report you see they are falling

behind and losing their foothold as a

viable Grading Company I don't know what

the answer is at this point um I've

given my thoughts in the past but we'll

see if this influx of cash uh can be one

of the problem solvers personally I

don't think so but you know I don't know

uh Jackson chos Major League debut patch

card one of one which was recently

pulled has been sold on Fanatics collect

for

$15,000 that right now at the present

time that is the highest amount paid for

a major league debut uh debut patch um

but again that schemes is has not been

pulled or if it has no one is

is telling anybody uh about it so well

we'll we'll see how we'll see but right

now cherio has the top spot in that uh

category speaking of top spots what has

been described as the finest 1952

tops signed Mickey Manel card is has a

new home it was sold on Golden auctions

it was the card itself was psa3 but the

auto was graded a 10 nice uh clean and

crisp Simon pen uh right in a nice spot

on the card uh 23 bids with the final

bid totaling

$793,000 to the winning winning bid so

there's your news uh for the last uh

couple weeks and now our Feature

[Music]

Presentation all right today we are

going to talk about buying or

selling a big card an expensive card or

cards you know could be multiple cards

right and so what what is expensive

right I guess for me I would say

definitely four figures for sure right

but three figures right if it's $900

that's a lot of money for a lot of

people myself included so I guess the

definition of big card might be

different for different folks so I'm

going to use kind of the four figure

card or obviously higher and some tips

how to complete a transaction you know

you get in that sort of space with that

kind of do with those kind of dollars it

can be scary right if you're selling the

card and the person pay for it and kind

of resend the money and then the cards

already sent or you know again reverse

the transaction or if you're buying one

right you know how do I trust this

person I don't know especially if it's

an online transaction obviously in

person is a little bit different than uh

not in person but even even in person uh

can be uh a risky proposition so I'm

going to kind of talk about in person

not in person some tips things to be uh

wary of um I'll be honest with you I've

sold uh plenty of four fig cards and

in my 40 years and and four fig deals um

not just one card all the time but that

too and uh some things I've learned

along the way I've been knock on glass

here my desk is made of glass um I've

been pretty fortunate I I really you

know any kind of losses have been

minimal and maybe there's a little luck

involved there uh to be honest with you

but I think it also comes from

experience it's not all luck so just

some things I've learned all along the

way when I've been on both sides of this

transaction right I've I've purchased

cards for four figures I've sold cards

for four figures and um you know things

I've just learned to how to negotiate

that terrain right so let's talk about

you know you sold something or you've

bought something of significant value

right make sure that that package is

getting uh insured right uh that you're

putting enough insurance on it um I

really can't stress this enough if this

is something you do a lot of shipping or

a lot of receiving you really need to

look into specifically in Collectibles

insurance or

insurances that

specifically you know uh cover you know

sports cards and memorability I have

that

you know as with doing bulk subbing for

SGC I have to have that you know I've

got potentially $50,000 to $100,000 in

other people's cards that I'm shipping

to to Florida and uh I'm responsible for

that and so I have to have that

insurance coverage uh there and we've

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United States Postal Service and they

try to fight the claim or refute what

was in there or kind of devalue and not

want to pay fully what something's worth

and and you know I've never had to use

my collectibles insurance for a claim um

but they're they're that's a whole

another entity that really

knows sports cards and memorabilia and

it'd be less likely long as you can

prove what you sent to be less likely to

uh refute that claim so insurance is key

you know you hear horror stories where

someone doesn't insure something or

underinsured it and then you know as a

seller you are responsible for that

getting to its destination and so if if

it doesn't make it there that's going to

be on you to reimburse the buyer who

didn't get what they paid for um and

likewise you know in

Reverse uh you know if you're the buyer

you're going to want to make sure you

get your item and uh be covered if if

you don't um and that sort of thing so

do your research right um when you're

buying a big card obviously we want to

get big Carter cards we want to get the

best price right we want the best deal

we can so do your research find out you

know we we've heard you know we know C

right get the kind of get into that mode

and figure out what's what do these

generally go for be careful if it sounds

the price sounds too good to be

true uh tread lightly there right and

when I say do your research it this is a

big

transaction ask for vouches you know ask

for hey you know has anyone dealt with

this person or ask them for references

hey you know can who can voucher so I

can talk to them um and and I know it's

an extra leg of work but if you're

dealing with an expensive

transaction you know do your due

diligence right to the cards themselves

right especially if you're buying a raw

card which is such a risky prep you know

proposition now uh you know that's why I

buy a lot of my stuff already graded or

in person uh where I can look at the

card right lot of fakes lot of trimmed

cards a lot of altered cards you know

try to verify authenticity as much as

you can obviously grading you know 98%

kind of does that if you're buying a car

that's already graded but here's my

other word of advice there if you're

buying a car you know we've seen fake

slabs and fake graded cards or fake fake

flips or you know so be careful there

that's not it's not

foolproof uh it does help obviously

tremendously

but again you know verify

authenticity place a phone call another

one on my list right a lot of our

transactions are via email or private

messages or direct messages where

there's

no you're not actually talking to the

person especially if it's an online

transaction obviously if it's an

inperson transaction at a show or a card

store that's that's different but an

online Tri don't you know don't be shy

that like and I've done this ask for the

person person's you know personal number

and then call them and talk to him and I

know it sounds weird but you can get a

real sense of a person by hearing them

speak you know do they sound sort of

shady do they know what they're talking

about um and I I can tell you there's

been a few deal couple deals I don't

want to say a few been a couple deals

just based on a phone conversation where

I didn't complete the transaction

something in that conversation

led me to back off and say you know what

I think I'm G to I'm going to pass at

this time whether that's as a buyer uh

you know mostly as a buyer just

something something you know perked my

Spidey senses if you will and I just

didn't feel comfortable with the amount

of dollars in this transaction after

actually talking to that person on the

phone and it only took two or three

minutes of a phone conversation so it's

not a timec consuming

thing and a person doesn't want to give

you I've never had this happen but I've

heard about it if a person doesn't want

to give you a number where you can

actually have uh a verbal conversation

with him that's sort of a red flag to me

uh and be and definitely be careful uh

there so don't don't be shy to like talk

to someone over the phone um it it

really

can illuminate the person's personality

or or maybe what they're about or

they're not col or if they're up to no

good and uh I'm not saying on the two

times where I kind of backed out of that

deal after a verbal conversation that

they were both bad and and I was going

to get scammed but it didn't leave I

wasn't comfortable didn't leave a good

taste in my mouth and I I walked away I

backed off and maybe they were maybe

they were I just wasn't going to take uh

that chance uh so you know place a phone

call I'll say this that nothing beats an

in-person on you know uh transaction

versus an online one right you hold a

card or cards in your hand you see them

uh if you know what you're looking for

and and nothing you know we all know

right whether it be an eBay auction or

or any kind of selling platform almost

anyone can put a picture of a card

online and you may get something else

maybe you even get the same card but in

worse condition than than the pictures

Illustrated you know unless it's a comc

where they actually have possession of

cards and take the pictures or you know

an auction house that does that you know

I can go on eBay and put a card I have

on there and then I might have multiples

and one's in worse shape sell the better

one that I put pictures on right the old

switcher rusi so be careful of that now

again an in-person transaction is just

so much better uh because you're you're

you have the the merchandise in hand

right in front of you you have the

person you're buying uh from or selling

to uh right in front of you and you know

you don't have to worry about just

reading stuff via text and and you can

pick up on body language and and all

that stuff if if you've done a lot of

these

transactions also last thing I want to

say uh wire wire

transfers you know when you get into

these bigger money

deals um I've SE I've sent money via a

wire and I've received payment via a

wire what is that for those that may not

know some of you probably know exactly

what I'm talking about it's money that's

deposited directly into your bank

account it can't be reversed like a

PayPal transaction or credit card

transaction you know you can pay via

credit card and then refute you know

dispute the payment call your credit

card company up and say hey I either

didn't authorize this or I didn't get

what I was paid for I want this

transaction reversed and many cases

that's can be done and it happens a wire

transfer is different it goes right into

your or the other person's depending if

you're a buyer seller bank account and

it's not reversible

uh the only thing I'll say with a wire

transfer is you better be very confident

uh in the transaction

because uh again it's a one way once you

send payment and receive payment that's

that's the end of the transaction can

you sue can there be a a suit sure but

it's not like some of these other forms

of payment where you can have it revers

it's it's

nonreversible at least unless you you

you know sue somebody or file criminal

charges and that sort of thing so uh how

do you do a wire transfer um if you call

your bank If you're receiving one uh

you'll get your wire information and it

doesn't change if your account doesn't

change so once you have that wire in

info um you always have it let again you

change accounts and you can give it to

somebody they go to their Bank tell them

how much they want to send to your bank

and it's usually instantaneous at worst

it takes one to two business dayses so

it's also good for timely transactions

like I need this card shipped out right

away um or you know or I need to receive

this card

ASAP and

again you with a wire transaction you

got to be sure you know because again

it's it's really irreversible so I've

like I said I've received them for cards

I've sold I've used it for cards I

bought I've even used it you know

there's a misconception that a wire is

only in in an online deal and that's

actually not true I've used a wire

transaction uh in deals where I'm in

front of the person I'm buying something

and I don't have the cash you know in my

pocket uh and uh I'll wire it and and

and make the deal that that way in in

Reverse right I've received wires from

someone who's bought something from me

in person but again they didn't maybe

they didn't have a PayPal account or the

amount of the transaction they just

didn't want to do it that way and I

wasn't comfortable maybe even doing it

that way and they paid via wire and it

can be done online too like you don't

have it's easier to go into your bank

and do it uh and I I think I've always

done it that way but you can call your

bank and do it over the phone but you

got to jump through more Hoops they're

going to ask you more questions to to

verify who you are you know when you go

to the bank they ask for your driver's

license your account number and it's a

lot it's a lot less questions and a lot

more uh streamlined uh if you're trying

to do it over the phone it's going to be

a longer process uh and we all know

calling up any kind of entity right any

kind of Business Bank included we're on

hold we get

disconnected you know that sort of thing

so and only certain people in the bank

are familiar with how to do the wire so

you know you might call up and you get

transferred two or three uh times where

if you go into the bank they have a

designated person or persons who know

exactly what to do so wire transfer is

probably the safest uh way to uh ensure

payment or you know when you're paying

or receiving payment so I hope you got I

hope you got some insight from me

sharing you know about purchasing uh a

big purchase in in the hobby be careful

right I mean two words it's just simple

just be careful do your

research um and uh you know hopefully

you know cuz a bad experience when an

expensive transaction can can really

ruin your hobby day and maybe ruin your

hobby for longer than a day and I don't

want to see that uh happen to anybody so

uh again I don't want to claim to be an

expert but if you ever have any

questions uh as I always say my door is

always open uh good luck out there all

right thank you for listening to another

episode of hobby quick hits want to give

out our social media starting with our

website which is

www.s sportscard napod domcom Facebook

you can follow us at www.fb

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or you can email the show hobby quick

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gmail.com again thanks for listening

we'll see you next week

Hobby Quick Hits Ep.195 Buying/Selling Bigger Cards/Deals

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