Prospecting Question

jagsfan92 · Jul 14, 2010

Hi everyone,
I am new to the site and am pretty interested in prospecting. My question was if you could make a nice flip buying a player's Bowman or Bowman Chrome rookie along with just basic refractors. I know many people have very nice prospect stashes but at this time I don't have enough to put into that type of collection.

Thanks for the help.

miguelcabrera · Jul 14, 2010

refs and lower end is where the most money is made if you buy in bulk

Joshua.Roundtree · Jul 14, 2010

jagsfan92 said:
Hi everyone,
I am new to the site and am pretty interested in prospecting. My question was if you could make a nice flip buying a player's Bowman or Bowman Chrome rookie along with just basic refractors. I know many people have very nice prospect stashes but at this time I don't have enough to put into that type of collection.

Thanks for the help.

You can make a good flip on anything, just have to buy and sell at the right time or find a killer deal others have missed. Base Refractors sell better but unless we're talking Strasburg / Harper here, they really don't sell for that much. If your Bowman Chrome rookie is Autographed it also makes a huge difference. Or whether they have any other cards as well.

jagsfan92 · Jul 14, 2010

So am I better off going after lower end auto's and refractors?

miguelcabrera · Jul 14, 2010

most prospectors dont go after the supers or reds unless they can strike a great deal on it. there is just less money to be made on the lower numbered, higher end stuff in the long run

cgilmo · Jul 14, 2010

Prospecting is more about WHO you buy.

Often what cards you choose, within reason, are a moot point.

jagsfan92 · Jul 14, 2010

Thanks for the tips guys. Do you guys mainly just choose players based on what you see in person and read about them in Baseball America type sites?

jbhofmann · Jul 14, 2010

I choose who I buy based on who everyone on here buys.

aminors · Jul 14, 2010

I sent you a PM. Read it.

Also, as gilmore said, it's more of who you buy. Yes, certain things can limit growth potential for a card (like when the player has a base chrome but then an autoed chrome a year later), but if the player is right, you'll see profit on all cards assuming you buy and sell at the right time.

Ant

Wes · Jul 14, 2010

Make sure you're factoring shipping costs in if you're investing in low end cards, those can add up quick and kill your ROI.

I invest in players based on how many pushups they can do.

All The Hype · Jul 14, 2010

I just put up an article about something similar to this on my blog (the banner in my signature is a link to it) and the second half of it which will be up later today, is pretty much a direct answer to your question. Check it out if you're interested.

sheetskout · Jul 14, 2010

miguelcabrera said:
refs and lower end is where the most money is made if you buy in bulk

Not the most money, but the biggest ROI.

I have made some of my best profits on base chromies.

jagsfan92 · Jul 14, 2010

Thanks a lot everybody. I checked out the blog and it was very helpful. Now I am probably going to start looking at what players will fit my budget as of now. If anyone has any suggestions, feel free to drop me a PM or post here.

Messier2 · Jul 14, 2010

jagsfan92 said:
Thanks a lot everybody. I checked out the blog and it was very helpful. Now I am probably going to start looking at what players will fit my budget as of now. If anyone has any suggestions, feel free to drop me a PM or post here.

I highly suggest picking up the 2010 edition of Baseball America Prospect Handbook. Lots of names, lots of scouting reports and a great way to get started in picking the players you will be prospecting.

GOOD LUCK!

ballerskrip · Jul 14, 2010

The easiest way to start prospecting is to read everything you can. Read multiple sites, not a single one of them is gospel. There are a ton of knowledgeable out there, soak in the information everywhere you can.

Don't be in a hurry to start spending right away. A great deal of Prospectors first attempts fail badly, they start spending before they make a knowledgeable choice. Also, spread your money between at least a handful of players.

A very easy way to start is to look at BA's top 100 prospect list. Who is too cheap based on their ranking? That "easy" way of prospecing turned me onto buying a bunch of carlos santana this last year, and I more than doubled my money on them.

As I said, take your time, don't rush to spend your money, make an informed decision.

Good Luck

skrip

pigskincardboard · Jul 14, 2010

If someone is undervalued, like massively under-valued, just buy whatever.

But if you're looking at lower end stuff, remember this:

You buy a card for $10. It has to get to at least 10 + 3 (shipping) + .30 + 2% (paypal) + 9% or basically 16 bucks. You're basically talking about 30 bucks to get a 100% ROI.

When shipping is a 1/3rd of your initial investment, you're generally in for some trouble.

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