THE MONSTER - "Making Noise"

Joined: December 2nd, 2005, 12:38 pm

April 27th, 2009, 6:31 pm #21

I have been collecting a graded T206 set for a little over 3 years now.....and it is "making a lot of noise". Here's my situation: My wife and I are having some construction done at our home and we put money away to pay for it with cash. No loan. No debt. To get it to the point we now want, we need some more money.

My two choices are:
Take out a small loan (which I really, really don't want to do)
Or
Sell my T206 set

I just finished paying off all of my credit cards last month and really enjoy not having a credit card payment. So do I know take out a loan? (Under $20,000) or sell my set?

I know most will say, hold onto the cards, but at 40% completion, I will be constantly buying more cards and then paying a loan payment at the same time.

If I decide to sell, what would be my best option? I will only sell them if I can do it as one group. I will never break it up. Right now I have 214 graded T206s. All but 2 are SGC50 (PSA4) or above. Just 2 at SGC40.

I look forward to feedback/thoughts. If anyone is interested, please email me at my work email: phil@eastcoasttrophy.com

Thanks guys! This is tough.
Phil,

I would take out a handful of cards that you really like or maybe had the toughest time getting and then sell the rest. From your posts, it seems clear that you will feel a lot better to get it all taken care of with no debt.

So you sell the cards, get the work done, pay the contractors and ... then? Then you wake up the next morning with no debt, no monthly debt payment to impede cash flow, all the cash you finally have since you've worked hard to get rid of and avoid debt and BOOM! You start buying cards again.

Guilt free, restart the process, and it all feels good again.

Just my two cents.

Joann

(PS - and since the decision to sell them is very practical and not made from emotion, then maybe best to go about it in the most practical and least emotional way, which is to list them individually on the BST.)
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Joined: January 21st, 2009, 1:10 am

April 27th, 2009, 6:35 pm #22

I have been collecting a graded T206 set for a little over 3 years now.....and it is "making a lot of noise". Here's my situation: My wife and I are having some construction done at our home and we put money away to pay for it with cash. No loan. No debt. To get it to the point we now want, we need some more money.

My two choices are:
Take out a small loan (which I really, really don't want to do)
Or
Sell my T206 set

I just finished paying off all of my credit cards last month and really enjoy not having a credit card payment. So do I know take out a loan? (Under $20,000) or sell my set?

I know most will say, hold onto the cards, but at 40% completion, I will be constantly buying more cards and then paying a loan payment at the same time.

If I decide to sell, what would be my best option? I will only sell them if I can do it as one group. I will never break it up. Right now I have 214 graded T206s. All but 2 are SGC50 (PSA4) or above. Just 2 at SGC40.

I look forward to feedback/thoughts. If anyone is interested, please email me at my work email: phil@eastcoasttrophy.com

Thanks guys! This is tough.
The nice thing is you have options. If you really love the T206 I wouldn't sell them, because if you do there is a chance you will never be able to get back into them as you had already done it, of course you might get into something else you never had thought of and like it even more. If you take out a loan and things get tight, you can always start selling cards to pay it off. It's not like you are facing losing your home, 170.00 a month will be easy to off set by only spending half of what you do now on T206 and maybe cut back on a couple other things. I wouldn't do anything drastic, without any CC debt you are fine, plus you will get the interest paid on the loan as a write off on your taxes.
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Joined: January 31st, 2009, 2:44 pm

April 27th, 2009, 6:35 pm #23

I have been collecting a graded T206 set for a little over 3 years now.....and it is "making a lot of noise". Here's my situation: My wife and I are having some construction done at our home and we put money away to pay for it with cash. No loan. No debt. To get it to the point we now want, we need some more money.

My two choices are:
Take out a small loan (which I really, really don't want to do)
Or
Sell my T206 set

I just finished paying off all of my credit cards last month and really enjoy not having a credit card payment. So do I know take out a loan? (Under $20,000) or sell my set?

I know most will say, hold onto the cards, but at 40% completion, I will be constantly buying more cards and then paying a loan payment at the same time.

If I decide to sell, what would be my best option? I will only sell them if I can do it as one group. I will never break it up. Right now I have 214 graded T206s. All but 2 are SGC50 (PSA4) or above. Just 2 at SGC40.

I look forward to feedback/thoughts. If anyone is interested, please email me at my work email: phil@eastcoasttrophy.com

Thanks guys! This is tough.
Phil-If my post offended you then I wasn't as articulate as I would have liked to have been.

My point was that taking out debt, or significant debt to have it all is not a smart thing. People choosing to have it all....now....is what has caused so many of the problems we face today.

For me, taking out a loan to keep my cards is just not something I would ever do. I love the hobby, but they are just pieces of cardboard. No way, would I pay the bank a bunch of interest so I could keep my cards around the house.

Good luck in your choice.
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Joined: January 29th, 2008, 8:09 pm

April 27th, 2009, 7:02 pm #24

I have been collecting a graded T206 set for a little over 3 years now.....and it is "making a lot of noise". Here's my situation: My wife and I are having some construction done at our home and we put money away to pay for it with cash. No loan. No debt. To get it to the point we now want, we need some more money.

My two choices are:
Take out a small loan (which I really, really don't want to do)
Or
Sell my T206 set

I just finished paying off all of my credit cards last month and really enjoy not having a credit card payment. So do I know take out a loan? (Under $20,000) or sell my set?

I know most will say, hold onto the cards, but at 40% completion, I will be constantly buying more cards and then paying a loan payment at the same time.

If I decide to sell, what would be my best option? I will only sell them if I can do it as one group. I will never break it up. Right now I have 214 graded T206s. All but 2 are SGC50 (PSA4) or above. Just 2 at SGC40.

I look forward to feedback/thoughts. If anyone is interested, please email me at my work email: phil@eastcoasttrophy.com

Thanks guys! This is tough.
Thanks Michael (and thanks to everyone else for their opinions).

Michael, no offense taken. My wife and I have been very diligent financially and took all the necessary steps and sacrifices so we would never be in a financial pickle. I thought you were lumping me into the group of people that bought $500,000 homes with interest-only loans or the people that have $50,000+ on their credit cards and can barely make minimum monthly payments. I agree with you on taking out a loan vs. selling my cards then. I have a hard time paying a bank when I have something that sits in a few cardboard boxes on a shelf in my home office.

I will answer a few other questions here:

What we did with the money was we built a 2 car garage. We planned on building a finished "play" room above it. Over the weekend we went to a local electronics store and made the mistake of going into the "theater room". What we saw blew us away. A 98" High Def screen with reclining theater seats. We put away enough cash to pay for the entire garage. Now to make an ultimate home theater in the room above, it will cost us about another $15,000.

We don't have kids and we both work very hard all week.....usually at least 5.5 days a week. So, after some discussion, we decided let's do it. I was drooling over the thought of High-Def sports on a 98" screen. I instantly told my wife that I'd sell my cards. She said, "No, you don't have to do that".

Now, before some reply by saying, "Do you really need a 98" screen and custom theater seats, custom sound, etc., etc." The answer is, of course not. Nobody NEEDS that. But as someone asked, would I/we get as much enjoyment out of the added feature (home theater) as I do from my T206s, I would answer that with YES! We will be living in that room. I rarely take my T206s out of the box to look at. Another question, was would this improvement increase the value of your home? Answer is, YES!

I thank each and every one of you guys/gals for your responses. I think that I'll look into a loan and see what it will cost me. Knowing myself, I will probably pay the loan off in 3 or 4 months anyways. I HATE DEBT.

If anyone is interested in possibly purchasing the collection as a whole, please email and we can discuss price, etc.


Thanks again!
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Joined: November 18th, 2007, 4:30 pm

April 27th, 2009, 7:15 pm #25

I have been collecting a graded T206 set for a little over 3 years now.....and it is "making a lot of noise". Here's my situation: My wife and I are having some construction done at our home and we put money away to pay for it with cash. No loan. No debt. To get it to the point we now want, we need some more money.

My two choices are:
Take out a small loan (which I really, really don't want to do)
Or
Sell my T206 set

I just finished paying off all of my credit cards last month and really enjoy not having a credit card payment. So do I know take out a loan? (Under $20,000) or sell my set?

I know most will say, hold onto the cards, but at 40% completion, I will be constantly buying more cards and then paying a loan payment at the same time.

If I decide to sell, what would be my best option? I will only sell them if I can do it as one group. I will never break it up. Right now I have 214 graded T206s. All but 2 are SGC50 (PSA4) or above. Just 2 at SGC40.

I look forward to feedback/thoughts. If anyone is interested, please email me at my work email: phil@eastcoasttrophy.com

Thanks guys! This is tough.
It sounds as though you have answered your own question without really needing our advice. None of this is of huge priority for a practical person, so you already know the best answer yourself. Which one would give you the most pleasure? Honestly, taking out a loan for a purely extravagant purchase is silly, don't you think? At least when buying many types of vintage cards and collectibles, you are nearly always guaranteed to see your investment increase. Ask yourself this--do you want something that will give you instant gratification, but is guaranteed to depreciate in value (and might break down), or do you want to keep pursuing the monster? The latter will always provide you with enjoyment and gratification, but is also a far wiser way to use your hard-earned disposable income. As a compromise, why not opt for something used or a little more cost-efficient that is within your means (or could be an attainable goal within a month or two)? Honestly, this is the most practical and logical choice from how you describe your situation.
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Joined: October 30th, 2003, 9:02 pm

April 27th, 2009, 7:19 pm #26

I have been collecting a graded T206 set for a little over 3 years now.....and it is "making a lot of noise". Here's my situation: My wife and I are having some construction done at our home and we put money away to pay for it with cash. No loan. No debt. To get it to the point we now want, we need some more money.

My two choices are:
Take out a small loan (which I really, really don't want to do)
Or
Sell my T206 set

I just finished paying off all of my credit cards last month and really enjoy not having a credit card payment. So do I know take out a loan? (Under $20,000) or sell my set?

I know most will say, hold onto the cards, but at 40% completion, I will be constantly buying more cards and then paying a loan payment at the same time.

If I decide to sell, what would be my best option? I will only sell them if I can do it as one group. I will never break it up. Right now I have 214 graded T206s. All but 2 are SGC50 (PSA4) or above. Just 2 at SGC40.

I look forward to feedback/thoughts. If anyone is interested, please email me at my work email: phil@eastcoasttrophy.com

Thanks guys! This is tough.
"A 98" High Def screen with reclining theater seats."

I would sell the cards for that anytime. You cannot recline in a theatre watching sports on a 98" HD screen while playing with your baseball cards.
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Joined: January 21st, 2009, 1:10 am

April 27th, 2009, 7:20 pm #27

I have been collecting a graded T206 set for a little over 3 years now.....and it is "making a lot of noise". Here's my situation: My wife and I are having some construction done at our home and we put money away to pay for it with cash. No loan. No debt. To get it to the point we now want, we need some more money.

My two choices are:
Take out a small loan (which I really, really don't want to do)
Or
Sell my T206 set

I just finished paying off all of my credit cards last month and really enjoy not having a credit card payment. So do I know take out a loan? (Under $20,000) or sell my set?

I know most will say, hold onto the cards, but at 40% completion, I will be constantly buying more cards and then paying a loan payment at the same time.

If I decide to sell, what would be my best option? I will only sell them if I can do it as one group. I will never break it up. Right now I have 214 graded T206s. All but 2 are SGC50 (PSA4) or above. Just 2 at SGC40.

I look forward to feedback/thoughts. If anyone is interested, please email me at my work email: phil@eastcoasttrophy.com

Thanks guys! This is tough.
Another thing to think about is that TV will probably be half the price it is now in 12 months, on the bright side, in 3 or 4 years when you need a new one you will probably be able to get a 150 inch for a 1/4 of what you spend on this one ! Superbowl at your house !!
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Joined: January 29th, 2008, 8:09 pm

April 27th, 2009, 7:32 pm #28

I have been collecting a graded T206 set for a little over 3 years now.....and it is "making a lot of noise". Here's my situation: My wife and I are having some construction done at our home and we put money away to pay for it with cash. No loan. No debt. To get it to the point we now want, we need some more money.

My two choices are:
Take out a small loan (which I really, really don't want to do)
Or
Sell my T206 set

I just finished paying off all of my credit cards last month and really enjoy not having a credit card payment. So do I know take out a loan? (Under $20,000) or sell my set?

I know most will say, hold onto the cards, but at 40% completion, I will be constantly buying more cards and then paying a loan payment at the same time.

If I decide to sell, what would be my best option? I will only sell them if I can do it as one group. I will never break it up. Right now I have 214 graded T206s. All but 2 are SGC50 (PSA4) or above. Just 2 at SGC40.

I look forward to feedback/thoughts. If anyone is interested, please email me at my work email: phil@eastcoasttrophy.com

Thanks guys! This is tough.
Actually answering some "TV" questions........

The electronics store I went to is a stand-alone, single store business that do a great business locally. They will work on a package deal if you want to buy everything through them. The High Def projector is brand new and retails for $9,000. In a package deal, they will bring my cost down to $3,500 for the projector. Won't get a better deal down the road, that's for sure.

Also, looked at bigger screens....yeah they go up to about 130". Even I have to say that 130" is too big. I was told that after about 100" or so, you start to lose a little definition in High Def unit.

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Joined: October 19th, 2004, 12:02 am

April 27th, 2009, 7:41 pm #29

I have been collecting a graded T206 set for a little over 3 years now.....and it is "making a lot of noise". Here's my situation: My wife and I are having some construction done at our home and we put money away to pay for it with cash. No loan. No debt. To get it to the point we now want, we need some more money.

My two choices are:
Take out a small loan (which I really, really don't want to do)
Or
Sell my T206 set

I just finished paying off all of my credit cards last month and really enjoy not having a credit card payment. So do I know take out a loan? (Under $20,000) or sell my set?

I know most will say, hold onto the cards, but at 40% completion, I will be constantly buying more cards and then paying a loan payment at the same time.

If I decide to sell, what would be my best option? I will only sell them if I can do it as one group. I will never break it up. Right now I have 214 graded T206s. All but 2 are SGC50 (PSA4) or above. Just 2 at SGC40.

I look forward to feedback/thoughts. If anyone is interested, please email me at my work email: phil@eastcoasttrophy.com

Thanks guys! This is tough.
That's a lot of money for a TV, and there really is nothing good on anyway. I might not advise you to sell your collection for a big screen TV. But it's your call.
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Joined: January 16th, 2003, 10:06 pm

April 27th, 2009, 7:42 pm #30

I have been collecting a graded T206 set for a little over 3 years now.....and it is "making a lot of noise". Here's my situation: My wife and I are having some construction done at our home and we put money away to pay for it with cash. No loan. No debt. To get it to the point we now want, we need some more money.

My two choices are:
Take out a small loan (which I really, really don't want to do)
Or
Sell my T206 set

I just finished paying off all of my credit cards last month and really enjoy not having a credit card payment. So do I know take out a loan? (Under $20,000) or sell my set?

I know most will say, hold onto the cards, but at 40% completion, I will be constantly buying more cards and then paying a loan payment at the same time.

If I decide to sell, what would be my best option? I will only sell them if I can do it as one group. I will never break it up. Right now I have 214 graded T206s. All but 2 are SGC50 (PSA4) or above. Just 2 at SGC40.

I look forward to feedback/thoughts. If anyone is interested, please email me at my work email: phil@eastcoasttrophy.com

Thanks guys! This is tough.
I have no problems with you getting the Monster theater vs. the Monster. Do keep in mind the EVERY electronics deal will be available again every six to twelve months.

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