Saturday, August 31, 2013

The $500 Philadelphia Football Card Experiment- Part 2

Well I recently sold the Dick Butkus card for $24.95. Here is how the math worked out.

Price of card:        $24.95
S/H:                      $ 2.95
Total Gross:          $27.90
Final Value Fees: $ 2.80
PayPal Fee:         $ 1.11
Postage:              $ 1.69
Total Fees:           $ 5.60

NET Total:           $22.30

I reinvested $20.48 of the net on a special Blowout Cards had on a 4-pack of Tiger Woods Pro Shots. The price included shipping.

Looking online at recent eBay sales, these are going for $9.99 each + shipping.

I am going to list them with a BIN of $9.95 + $6.95 S/H. If all goes well, after fees I'll come within a couple dollars of doubling my money. 

Stay tuned.

Wednesday, August 21, 2013

The $500 Philadelphia Football Card Experiment

Last weekend we had a huge garage sale. My mother-in-law has been diagnosed with Lou Gehrig's disease and we moved her into our attached rental unit. This is her second downsizing in 2 years. She had an auction and a previous huge tag sale at the time of the original downsize.

The lady that ran her tag sale, also does estate sales. She stopped by our garage sale with a box of older musty cards, most from the 1970's. I gave her $20 for the box and upon closer inspection, I found these buried inside.

Yes, that's right. 1967 Philadelphia Football 2nd year cards of legendary Bears greats, Gale Sayers and Dick Butkus. I already have a Sayers and there were actual two of the Butkus. 

Some of you may remember a recurring blog post by a shop owner by the name of Bob Brill and his Brill Report. He conducted what he called "The $10,000 Experiment" in which he started with a single purchased item for $10 and sold it at a profit, reinvested and repeated until he hit his monetary goal. I found it fascinating and miss it. 

So I figured despite not having a shop with people walking in to willing to sell me various items, that I'd give the experiment a try of my own, albeit on a smaller scale. Taking just these two cards, I'm going to sell them on eBay and use the money to reinvest in other things I think I can flip and repeat until I reach $500.

With everything I have going on, I hope I can commit to this, so wish me luck and let the games begin!