What is your tracking process after buying a lot containing hundreds or thousands of cards? Do you log everything into a spreadsheet and assign an arbitrary value to each card? I’ve bought some lots at some estate sales and am struggling with the best tracking process for profit and loss and tax purposes. Just not sure if every card needs to be logged.
Great video! Can you do a video on how you do the taxes for collections, selling, shows, etc. Obviously not from an advisor perspective, but how you organize and track. Additionally, if you break a box and sell a card from there, how do you do taxes for that? Also my favorite card is the Anthony Davis :D
Thank you for the information on spreadsheeting. Two questions: how do you assign an individual cost to each card when you buy a larger collection? Do you inventory all of your cards when you buy them or after they sell? Thank you.
Great information on tracking the expenses. I keep a pretty in-depth spreadsheet myself for COMC sales and purchases. I really liked the 1989 Fleer Billy Ripken Error.
When you buy a collection like that, do you split the COGS even between all the cards? Or how do you do that? What do you do when you don't have a receipt? I'm new to this, but have a crazy spreadsheet built out. I like the Amon Ra card! That was sick!
I try to split it even or to a certain price amount of cards. The spreadsheet is the best thing to keep track of something even if I don’t have a receipt
I think a good video idea to go along with this would be pricing guide. For example you bought a /10 gold card for $100 and the last sold was $150 but they player started doing better and is getting more popular, would you then price it at 200 per say or would you match that 150 comp? This varies so much between individual cards and there is not a cookie cutter way to do it. Everyone is different but I know how I price and would like to hear your take and read comments from others if you do end up making a video over this, also the white sparkle pat friermuth was the best card in that lot :)
That does sound like a good idea. Also a big component is supply. If that gold sold a few months ago and you have the only one listed you can ask for more.
Amon ra was sick! Love the approach on Comc too. I may look to do that too here because the $2-5 cards aren't worth listing and shipping on eBay in my opinion.
Good Job on the Video Nick! I'm getting deeper and deeper into the hobby and could also use more information on spreadsheets! Especially ones that require formulas
That spreadsheet is golden. I didnt' do this for a LONG time but do it now. Im shocked there's not better sites that do this for you. IN the TCG world there's sites that will do this stuff for you for as little as $3 a month
Really enjoyed this video and I'd like to work alongside with you kind of and learn everything. I need to learn this because I'm thinking of getting into doing a sports card shop online via ebay.
@StaknSports that's great! He was a pretty good player for the Nuggets in the late 80's. He's a little before my time, but looking back at the things he did only being 6'3" is pretty impressive.
Momentum = Mass * Velocity. Time Value of Money. Keep those 2 things in mind and you can make it work whether dealing in relative penny stocks or big cards. For example the cards you send to COMC - if you look for cheap but good cards you maximize it. Cards you move to friends and family - works well because you know what they like and vice versa. Blowing out certain stuff? Time value of money. Why wait 6 months to get a small %. And sometimes - take the "L." Live money is better than dead money. See you at Ludex?
Agree. Only thing I'll note is I only setup at a handful of local shows now. When I'm travelling it's hard to fly with boxes in the lower end range. Yes, see you Saturday!
yes.. ebay is still the king in selling buying online.. i use ebay all the time to seach things.. nothing else.. i do use a couple auction house but ebay is the king.. even those the others say they are the way to go.. sorry.. no ebay is the king still and think will always be...
This guy gives out the most basic of info doesn’t show anything except the brand names he works with who give him money for him mentioning them. This is an ad. This is not interesting in any way.
What is your tracking process after buying a lot containing hundreds or thousands of cards? Do you log everything into a spreadsheet and assign an arbitrary value to each card? I’ve bought some lots at some estate sales and am struggling with the best tracking process for profit and loss and tax purposes. Just not sure if every card needs to be logged.
that downtown was pretty sick. Great buys, and great spreadsheet! Keep it up.
The issue I have with COMC is you have to pay upfront for the cards you send them. I would rather they take their fee after the card sells.
Great video! Can you do a video on how you do the taxes for collections, selling, shows, etc. Obviously not from an advisor perspective, but how you organize and track. Additionally, if you break a box and sell a card from there, how do you do taxes for that? Also my favorite card is the Anthony Davis :D
Good video! I liked the 1989 Fleer Billy Ripken PSA 9. I remember looking for those when I was a teenager!
I love your channel it has so much great detailed information for new people trying to sell in the hobby.
Thank you for the information on spreadsheeting. Two questions: how do you assign an individual cost to each card when you buy a larger collection? Do you inventory all of your cards when you buy them or after they sell? Thank you.
Great information on tracking the expenses. I keep a pretty in-depth spreadsheet myself for COMC sales and purchases. I really liked the 1989 Fleer Billy Ripken Error.
Really informative video on keeping track of sales. I really liked that Franz Wagner Flawless auto!
Thanks Boss!
When you buy a collection like that, do you split the COGS even between all the cards? Or how do you do that? What do you do when you don't have a receipt? I'm new to this, but have a crazy spreadsheet built out. I like the Amon Ra card! That was sick!
I try to split it even or to a certain price amount of cards. The spreadsheet is the best thing to keep track of something even if I don’t have a receipt
Craigslist is by far the absolute best way to buy collections!!!! The 88 Donruss cards are beautiful…..
I think a good video idea to go along with this would be pricing guide. For example you bought a /10 gold card for $100 and the last sold was $150 but they player started doing better and is getting more popular, would you then price it at 200 per say or would you match that 150 comp? This varies so much between individual cards and there is not a cookie cutter way to do it. Everyone is different but I know how I price and would like to hear your take and read comments from others if you do end up making a video over this, also the white sparkle pat friermuth was the best card in that lot :)
That does sound like a good idea. Also a big component is supply. If that gold sold a few months ago and you have the only one listed you can ask for more.
The Ernie Banks for sure caught my attention! Great vid and would like to see more on how to price your high end cards and the ebay process
Will do!
Amon ra was sick! Love the approach on Comc too. I may look to do that too here because the $2-5 cards aren't worth listing and shipping on eBay in my opinion.
Good Job on the Video Nick! I'm getting deeper and deeper into the hobby and could also use more information on spreadsheets! Especially ones that require formulas
Will do Jack!
Miller 1/1 was my fav, good content - informational and entertaining - thank you!
Appreciate you sticking around!
very informative thank you for taking time to give good info and good luck on future endeavors.
Awesome video. Would love to see a more in depth video on about your spreadsheet and taxes. Fav card was probably that Miller 1/1
You got it! I'll have that in the works
That spreadsheet is golden. I didnt' do this for a LONG time but do it now. Im shocked there's not better sites that do this for you. IN the TCG world there's sites that will do this stuff for you for as little as $3 a month
Some people use market movers but I just prefer the Spreadsheet honestly. I'd rather not spend the $15 a month and make it on my own
My favorite card is the 48 Bobby Layne
Good idea to trade the small cards into a big one then sell. This is why I watch you because I learn alot.
My favorite card was the Chris Olave Kaboom! Great video!
I already have 4 zion XL cases in 4 row.. about 135 cards a case.. so my collection is around 500 cards… i did not get a discount code tho :(
Sorry ): Next Case though!
I like how informative your videos are
appreciate it!
Great video and we appreciate the info! Would you consider a few videos on the spreadsheets and tax stuff? Also new sub!
👍
I like that Franz Wagner. It is pretty clean. Great video man.
Really enjoyed this video and I'd like to work alongside with you kind of and learn everything. I need to learn this because I'm thinking of getting into doing a sports card shop online via ebay.
Loved the Ant in flight auto! Appreciate you giving back as always
No problem!
that Patch chase is fire!!
I’m a sucker for acetate cards so the Christian Watson Clear Ticket Auto was cleannn
Definitely sweet, tough grade most of the time honestly!
I liked that Spectra Fat Lever Patch Auto!
The Chris Olive Kaboom was nastyyyyy
It's a very FAST Card!
I like the anthony davis red sparkle best
my favorite card was the anthony davis at the end 😂😂
Ripken FF error card is so sick!
My favorite card from the video is the Miller 1/1. As a big time Buckeye fan I loved Miller simply because his Horned Frogs beat ttun!
Definitely favorite card was the Shaquille 1996, keep up the grind man.
Will do Matthew, appreciate you watching!
I just don’t know where to find a collection to buy
Kendre Miller 1/1 was 🔥!!
TCU fan gonna love that one! Even though I butchered his name.
Do fulltime card flippers report their earnings?
I can't speak for others.... But I do!
That Prism Jordan Clarkson 🇵🇭 is 🔥🔥🔥🔥🤯 thanks so much for sharing
No problem!!
Awesome video stak
My fav is the Anthony Davis!
I like that Fat Lever Spectra Auto Relic
Had my Dad telling me stories about him last week!
@StaknSports that's great! He was a pretty good player for the Nuggets in the late 80's. He's a little before my time, but looking back at the things he did only being 6'3" is pretty impressive.
should do a video about the tax breakdown. and give away plz
Momentum = Mass * Velocity. Time Value of Money. Keep those 2 things in mind and you can make it work whether dealing in relative penny stocks or big cards. For example the cards you send to COMC - if you look for cheap but good cards you maximize it. Cards you move to friends and family - works well because you know what they like and vice versa. Blowing out certain stuff? Time value of money. Why wait 6 months to get a small %. And sometimes - take the "L." Live money is better than dead money. See you at Ludex?
Agree. Only thing I'll note is I only setup at a handful of local shows now. When I'm travelling it's hard to fly with boxes in the lower end range. Yes, see you Saturday!
Great video!
I love your videos ❤
Grind on
Appreciate the vid good tips
🙏🙏
Great video.
im a laker fan so that ad !
my favorite card was the Franz Wagner national treasures green. Would love to win the giveaway.
Good Luck!
Id love to win that anthony davis
Omg I win something thank u 🙏 I would very much like to see your spread sheet video also.
Ant auto 🔥
Couldn't agree more, missing out on deals that could of made you more SUCKS!
Where did this dude go?
I liked this video, you're welcome
yes.. ebay is still the king in selling buying online.. i use ebay all the time to seach things.. nothing else.. i do use a couple auction house but ebay is the king.. even those the others say they are the way to go.. sorry.. no ebay is the king still and think will always be...
How I buy sports card collections says the title. Ugh I buy the card collection. There is your answer.
This guy gives out the most basic of info doesn’t show anything except the brand names he works with who give him money for him mentioning them. This is an ad. This is not interesting in any way.