My Son TRIPLED the Price of This Card 😮💨📈
A father discusses his son Reeves' successful card flipping deal where he purchased an ungraded card for $4,100, got it graded, and sold it for $10,000. The conversation also mentions another card (Elias') that sold for $12,000 after being valued at $11,900.
Summary
In this transcript, a father reveals that his son Reeves found an ungraded trading card and brought it to him for evaluation. The card was graded highly (five or more on the grading scale), making it worth significantly more than its ungraded price. The father purchased the card from his son for $4,100, but upon grading, it turned out to be worth $10,000. The father expresses surprise at this dramatic increase in value. The transcript also references another card belonging to someone named Elias that had a previous asking price of around $11,900. The seller held firm on a minimum of $12,000, which the buyer agreed to, and the card ultimately sold for $12,000. The father notes at the end that he now needs to purchase another card, though the specific context for this statement is unclear from the transcript.
Key Insights
- The ungraded card that Reeves' father purchased for $4,100 was valued at $10,000 after being graded, representing a 144% increase in value
- Reeves found the card ungraded and brought it to his father for professional evaluation rather than selling it immediately
- The Elias card had a previous market price of around $11,900, but the seller established $12,000 as an absolute minimum asking price
- The buyer agreed to the $12,000 minimum price for the Elias card without negotiation, and it sold at that price
- After the transaction with his son, the father indicates he now needs to purchase another card to replace inventory
Topics
Transcript
[0:00] Did you pay 4100 for this? Yes. This is my son Reeves' card. Was he here? He came in a little earlier. He told me how he found it ungraded and gave it to me for evaluation. Five or more. Give it here. Oh my God. Oh my God. Oh my God. This is a $10,000 card . He did it. You just bought it from him. I actually just bought it from him. Okay, I need to find Reeves and find out what happened with that deal . The last price for Elias' card was around 11,900. I told him 12 was the absolute minimum. He agreed, and I was like, "Wow." Sold for 12 thousand. Did you…
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