Today you’re going to get a two-fer! A flip and a flop!
Rocking the flip flops
Being an Eagle Scout, I know that there are a lot of people who are collectors in the scouting world.
Side Note: I wouldn’t have finished my Eagle Scout without my parents. They kept me on track, and I just squeaked by. I would have put it off too long if I was trying to do it without them. My wife (girlfriend at the time) and brother also helped with the execution of the project. Probably the same boat there. You know what? Most things that are good in life are thanks to my family pushing me through it. Thanks guys! 😛
The Flop Side
We have these books from the 1960’s. I bought the set of 3 for $2 at a local garage sale.
I “knew” that some of this stuff was collectible. For $2, it was worth a shot. When I got home, I checked the completed listings!
But, as noted before, it’s not that big of a loss. Sure, I don’t want to take the $2 hit, but in the grand scheme of things, this was a low risk lesson.
It turns out that it’s not really “scouting” stuff that’s collectible. It’s the older Boy Scout stuff. The Cub Scout memorabilia isn’t the same. I’d guess that there’s a lot more of it out there since not a ton of people stick with scouts.
The Flip Side
I bought these from our local Habitat For Humanity Restore.
Side note 2: For anyone who is DIY inclined, you can get some fantastic deals here! Tiles are everywhere, lots of light fixtures. I’ve bought some tools that I know I’ll only use once or twice (I’m looking at you wallpaper remover) but then can still sell for a profit!
The thing is, I priced them high at $150 with free shipping. I saw a couple completed listings for $10 a book, but none had as many as I did in one set.
I even got a message from a buyer telling me that they weren’t worth what I had them listed at!
Well, check out the feedback I received from the buyer after they received the books:
these were ALL awesome !!!!!!!
Hm, I’d say that I priced it right for this guy!
- Purchase price – $6
- End Selling Price – $100
- Fees and Shipping/Handling – $18.55
Total Profit: $75.45
I listed them for $150 and accepted an offer of $100. I mean, I bought them for $6! On top of that, I think I set a trend. Here are some more recent sales since mine.
This flip had a great ROI and was fun and nostalgic for me. They remind me of the times I spent in scouting, and I can only imagine that some collector (possibly even from this specific troop) got an awesome piece of memorabilia. And that makes me even happier.
Lesson Learned: When you make a sale in something (like I did with these merit badge books), you’ll start seeing similar items all over. Just tread water carefully and don’t go in too deep!
And if you’re looking for Boy Scout collectibles, the vintage (think 1st edition) American handbook and original Order of the Arrow stuff is very collectible!
Image Credit: Ceddie2000