Anyone Make Money Short-Term Flipping of CGC books? 1 1

[october]

It's defnitely possible to make a steady income buying and selling comics. Plenty of board members do (including myself), but it's not nearly as easy as it was 5-10 years ago...and you better have A) a lot of time and B) a lot of money. Helps to have a network of buyers/sellers/collectors/stores you can tap into as well. Starting from scratch, without the required knowledge or bankroll would not be a fun time.

[awakeintheashes]

On 8/12/2021 at 11:58 AM, october said:

It's defnitely possible to make a steady income buying and selling comics. Plenty of board members do (including myself), but it's not nearly as easy as it was 5-10 years ago...and you better have A) a lot of time and B) a lot of money. Helps to have a network of buyers/sellers/collectors/stores you can tap into as well. Starting from scratch, without the required knowledge or bankroll would not be a fun time.

Space is also important. Most of my biggest scores have come from buying collections, which does require the network, time, and money like you said, but it also requires space. You need someplace to house the money books but also the drek while you wait to unload it. This is something I couldn't do until a few years ago after buying a house. I'd have to space out my purchases to ensure I had the space.

[shadroch]

On 8/11/2021 at 3:46 PM, shadroch said:

I make my beer money buying from one website and re-consigning the books right back to them. 

Just for the record, I'm 100% serious.

[Ryan.]

At this point, and after many years of experience and networking, I could very likely generate a steady livable income flipping books but that would require putting lots more time into it than I do now. However, then it becomes a job instead of a hobby and that doesn't hold much interest for me. Instead I use the hobby to fund itself. Grabbing some easy flippable spec books, scouring LCS' and antique shops for gems (which I consider fun, not work), and selling off parts of my personal collection when the value starts to outweigh my interest in holding them, etc. I take those funds and use them to buy back into the collection. This keeps it interesting for me instead of just looking to make mad stacks.

 

[lizards2]

On 8/12/2021 at 9:42 AM, shadroch said:

Just for the record, I'm 100% serious.

How much beer do you drink?

[Rip]

On 8/11/2021 at 3:17 PM, Tafkap said:

Just wondering if anyone here has managed to make a steady income of flipping CGC books?

Specifically, buying graded books and selling them a few weeks/months or so later for a profit?

It would seem that if one was very knowledgeable and/or lucky it could be possible.

CGC books already graded, no. Not a steady income but certainly an income.

Raw comic books yes.

[The lips]

On 8/12/2021 at 7:30 PM, Rip said:

CGC books already graded, no. Not a steady income but certainly an income.

Raw comic books yes.

I agree ☝️ 

[sckao]

The original poster was talking about buying already graded books and flipping them for profit. One Board member said he already does this and it's pretty obvious how and where this can happen steadily.

(It does not take a lot of effort really... You just have to not need the money immediately.)

You do not have to leave your house basically. No physical leg work scouring the shops involved. 

 

 

[letsgrumble]

On 8/12/2021 at 12:42 PM, shadroch said:

On 8/11/2021 at 6:46 PM, shadroch said:

I make my beer money buying from one website and re-consigning the books right back to them. 

Just for the record, I'm 100% serious.

Are we talking vintage bottles of Samuel Adams Utopia or cans of Bud Light from Circle K?

[shadroch]

On 8/12/2021 at 4:52 PM, sckao said:

The original poster was talking about buying already graded books and flipping them for profit. One Board member said he already does this and it's pretty obvious how and where this can happen steadily.

(It does not take a lot of effort really... You just have to not need the money immediately.)

You do not have to leave your house basically. No physical leg work scouring the shops involved. 

 

 

Beats the hell out of searching dollar boxes in my situation.  I do have to walk down the driveway to get my weekly check.

[badback83]

I make mad skrilla flipping books bro.  

You should do it too bro.  
 

For real bro, for real.