bj6524
Collector in Training
Location: Ingram,Tx
Posts: 70
My Collection
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- Posted: September 1, 2022 2:09:50 am
- Maybe just a little sensitive because it involves math lmao but what does this mean? “Cash or Check; is usually 25% to 40% profit that you get in exchange.” In the context of this is a comic shops offer on store credit vs cash payout when selling a collection. I’m trying to sell a bunch of dredge and I was honest about it. The shop owner said to bring it in and he will look at it but already said he was overstocked as it is. But yea, anyways, I want to be prepared on what is conversion rate is before I go in, that way I have the information. Like I know it’s a math word problem essentially but I think I’ve been out of school for too long
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Abysslord
Wise Beyond the Years
lifetime member Location: Wentzville, MO
Posts: 1896
My Collection
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- Posted: September 1, 2022 8:14:28 am
- I would guess they're saying they figure out how much they stand to make by selling your collection and then offering you 25 to 40% of that. As you worded it, it could be a more complex equation because technically their profit has to include what they offered you to purchase it. But I'm sure it doesn't go that deep.
So if they think they could sell your collection for $1000, they'd offer you $250 to 400$ for it.
It sucks when you hear that but it's still more than you'd probably get by trying to sell it yourself on ebay or something, assuming it's mostly common stuff like you said.
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stormraider
Teacher
Posts: 257
My Collection
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- Posted: September 10, 2022 10:30:55 pm
- Collecting new comic books is mainly a losing venture for investment. The vast majority of new comic books lose value once you leave the comic shop (just like new cars). There are far more duds than winners. The formula used by most LCS's is buy at 25% and sell for 50%. Of course, that is assuming they are even interested in your "dredge" which most of the time they are not.
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