Monday, July 9, 2018

Making Over $50 on One Fatima Card -- Same Exact Certification #

Just a little tidbit about how I sometimes make summer money with baseball cards. Here is a 1913 T200 Fatima baseball card I just bought. Notice the PSA certification number:


I bought this one via bid last night for $106.50, quite cheap for a 1913 Fatima, in PSA 1.5 Fair condition. The PSA certification number, if you don't want to click the pic--and you should; it's a nice card--is 19195087. So, last night, $106.50, Cert. #19195087.

Of course, before you agree to spend that much money, you research online how much that card has sold for recently on ebay, to make sure you don't overspend. Specific bids on ebay can inexplicably go crazy; I saw just last night some T206 PSA 2s go for almost $40 (you can get them typically between $23-$28) and I saw 3s go for over $50 (you can commonly get them for $35 to $45, max) and so on. Well, one of the ones I saw had sold via bid on May 9th of this year, just a few months ago. Here it is:


This one sold for $157.50. Same card, same condition, same grading company. (Same ebay company, too.) I thought this was rare, since 1913 T200 Fatima cards themselves are pretty rare, so I looked a little closer. You can, too, just click the pic. You might notice the same thing I did. This wasn't just the same card--a 1913 T200 Fatima Cincinnati Reds in PSA 1.5 condition--but it was literally the same exact specific card. Look at the certification number. Exactly the same: 19195087!

What're the odds of that? That means that someone on May 9th--just two months ago--bought this exact same card on a bid from this ebay company for $157.50 (plus $6 shipping). But something happened. Either he didn't actually pay for it, so the same company had to re-post it for bid, or he did pay for it, but either because of financial hardship or something else, sent it back to the same exact ebay company he bought it from to begin with, which re-posted it, and I bought it via bid for $51 less than the original buyer bought it for just two months ago. $150 or so is a decent, common price for a Fatima in this condition, so my $106 bid is a steal. In fact, the original buyer in May spent $157.50, plus $6 shipping, plus another $3.50 or so when he mailed it back to the company to sell for him. At 15%, this company made $23.62 off of him when he bought it, plus whatever profit it makes from the $6 shipping, since it definitely doesn't take $6 to ship this one card to the winner. Then it re-posted it for him and made another $15.97 from the sale to me. So this poor guy spent $157.50 to get it, and got just $106.50 - $15.97 back from it, so $90.53. So $157.50 - $90.53 is $66.97, plus another few bucks for shipping it back to be re-sold. So let's say $70. So this guy lost $70 on this same exact, same certification number, card. In less than 2 months. It takes about a month to mail it to an ebay company: let them itemize it, list it, let it be bid on for about a week, itemize the sale of it, wait a max of 5 days for the winner to pay for it, and then another few days for that to clear through PayPal for the guy to get his money. So that means the original guy owned it for less than a month before he decided to send it back to the ebay consignment company to re-sell for him, at a $70 loss. That sucks!

To maximize a profit, I won't sell this one anytime soon. (It's my only Fatima, so I hopefully won't sell it at all.) I'll wait until the end of the baseball season, and I sell via a different ebay company, anyway. A card in this condition normally sells for $150+. This one, and a Fatima PSA 2 that sold for a crazy-low $126, are the only two out of dozens in my research, in a 1.5 or 2 condition, that I saw sell for less than $150. Sometimes you make more by not selling, and waiting a little. And since I spent $50 less than usual, it won't have to re-sell for much more for me to see a profit from it. I'm confident that it'll sell for about $150+ when (or if) I'm ready to let it go.