How to best sell my father's old-school collectible cards?
September 4, 2007 5:41 PM Subscribe
So, my father has a ton of old (50's-60's) baseball/football/collector cards and is nearing retirement. I'd like to help him sell them. I've a lot of questions here.
We're talking the heyday of baseball, especially for the boomers. Willie Mays, Mickey Mantle and the like, many of them rookie cards. There's also a lot of old football cards and those weird monster/comic book cards in his collection. When I last dug through them (several years back) there were a *lot* of impressive cards. They've been stored in shoe-boxes for a long, long time, but last I saw them, they were still in pretty good shape. We've talked about this before, but I'm headed up to see him this weekend, and would like to discuss this with him.
I know the market for collectible cards has taken a bit of a downswing, but I believe there's still a lot of value in these. My questions are:
1) What's the best avenue to sell these? I'm assuming there will be some variance between selling the individual classic cards vs. a grouping. Is E-bay the best resource? How would I value the lot of them as a whole to a big bidder?
2) What would be a fair commission on my part if I were to help him do this? This is something that we've brought up in the past, and we have a good relationship that I'd like to keep intact through it all. He's already talked about giving me a percentage of the take, fwiw.
3) What would the tax implications on my end be (assuming he doesn't just pay me under the table)? He's got a CPA that can take care of his side of the income from this.
For those that have specific questions about the cards and the best of the bunch, sorry, but I won't be able to answer those until Saturday afternoon at the earliest, but I'll post the best updates I can figure out both here and shoot you an e-mail (provided you have one in your profile).