People who track their prospect investments...

[hive17]

...you guys factor in s/h into every purchase, right? I had this discussion with a buddy of mine. He's like: "Check out this lot of 10 whoever cards i got for $10. That's a buck a card!" Then I proceeded to ask him what s/h was and when he said $4, I mentioned that it was more like $1.40/card.

He said he didn't factor it in. I'm just curious. His argument was that if the guy hits it big, and he's selling singles for $5 ea. with $2.50 s/h, then the initiall s/h he paid didn't matter.

I just thought it wasn't a real "clean" bookkeeping venture, but that he has a point.

Thoughts? Do you even care enough?

 

[mredsox89]

For my investments I include shipping and handling as part of the cost. For my PC excel spreadsheet I have separate columns for the actual ebay won cost and shipping.

 

[coltsfan23]

Of course it should be included! You are paying shipping and handling regardless of whatever lame excuse he might have, thus it counts in what the overall price is.

 

[soxrchamps07]

I just go off the dlvd price i paid for the card and then the dlvd price what i sell the card for, so in the end it all evens out.

 

[200lbhockeyplayer]

The cost of the card should include shipping, and those who argue otherwise are completely fooling themselves.

I have a spreadsheet template that I use for various sets and player buys. The columns include; player name, parallel/subset, date auction ended, final auction price, shipping cost and total cost.

Also, if I buy an auction with 4 Mike Moustakas 2007 Bowman Chrome Draft singles and the auction closes at $10, with $2 shipping, I will do 4 of the same row and break the cost out per card. Therefore, this case the card cost would be $2.50, with 50 cent shipping, for a total cost of $3 per card.

 

[uniquebaseballcards]

To take it a step further, do prospectors also take into account accumulating debt they may have? While a prospector may have 'made' $25 on a card, they were also loosing 18% APR on a $2K balance on some credit card while waiting to sell that card.

...you guys factor in s/h into every purchase, right? I had this discussion with a buddy of mine. He's like: "Check out this lot of 10 whoever cards i got for $10. That's a buck a card!" Then I proceeded to ask him what s/h was and when he said $4, I mentioned that it was more like $1.40/card.

He said he didn't factor it in. I'm just curious. His argument was that if the guy hits it big, and he's selling singles for $5 ea. with $2.50 s/h, then the initiall s/h he paid didn't matter.

I just thought it wasn't a real "clean" bookkeeping venture, but that he has a point.

Thoughts? Do you even care enough?

 

[sheetskout]

I list both base purchase prices and S/H separate. This way you know what you paid and what the total was.

 

[theplasticman]

I factor it in and write it on an Avery sticker to affix to the back of the soft sleeve I store it in.

 

[THREADKILLER-crohrer]

To take it a step further, do prospectors also take into account accumulating debt they may have? While a prospector may have 'made' $25 on a card, they were also loosing 18% APR on a $2K balance on some credit card while waiting to sell that card.

...you guys factor in s/h into every purchase, right? I had this discussion with a buddy of mine. He's like: "Check out this lot of 10 whoever cards i got for $10. That's a buck a card!" Then I proceeded to ask him what s/h was and when he said $4, I mentioned that it was more like $1.40/card.

He said he didn't factor it in. I'm just curious. His argument was that if the guy hits it big, and he's selling singles for $5 ea. with $2.50 s/h, then the initiall s/h he paid didn't matter.

I just thought it wasn't a real "clean" bookkeeping venture, but that he has a point.

Thoughts? Do you even care enough?

If you need a credit card to buy baseball cards you really have some messed up priorities.

 

[THREADKILLER-crohrer]

The cost of the card should include shipping, and those who argue otherwise are completely fooling themselves.

I have a spreadsheet template that I use for various sets and player buys. The columns include; player name, parallel/subset, date auction ended, final auction price, shipping cost and total cost.

Also, if I buy an auction with 4 Mike Moustakas 2007 Bowman Chrome Draft singles and the auction closes at $10, with $2 shipping, I will do 4 of the same row and break the cost out per card. Therefore, this case the card cost would be $2.50, with 50 cent shipping, for a total cost of $3 per card.

Exactly how I do it.

Hockey Player: I bought a 6 card assorted blue refractor lot for for $20.49 shipped. I was thinking I'd sell the 5 that I don't collect and subtract the sales from the $20.49. My card would then be what was left or possibly + $. How would you do this?

 

[Legit Investments]

You should always include shipping in your investments, same as when you sell. Shipping and fees have to accounted for.