‘Flipping’ has taken on an entirely different meaning since it was first coined many years ago when kids would open penny packs of bubble gum cards and play a game that involved
attempts to land them upright against a vertical surface. Who knows how many thousands of minty Mickey Mantle cards were turned into low-grade shoebox survivors during recess and summer vacation during the 1950s?
These days, ‘flipping’ means taking a card or collection you purchased and quickly re-selling it for a profit (hopefully).
While it’s a skill that requires some solid knowledge of card values, profit can happen with cards from any era. Professional grading plays into the equation sometimes, with ‘raw’ cards having their worth increased once they’re authenticated, encapsulated and given a numerical grade. It’s part of the methods some dealers use to earn their living.
Forbes writer David Seideman took to the show floor this year’s National Sports Collectors Convention in hopes of learning some new buying and selling skills.