Printable View
Probably almost a year ago now, there was a thread talking about legos selling for good $$$ per lb on ebay. So out of curiousity, I was checking ebay now to see what sets and figurings are going for, and it is unbelievable!
If you go to ebay.com, sign in, search "legos" and then hit "sold listings"
It is blowing my mind!
I know what I am going to start getting into!!!
yea they are going for around $10 per pound, maybe i should add legos to the buy list
Not to sure about that, I did a few of them, and they were around $6 to $7 per lb, but still not bad.Quote:
Originally Posted by jghilino
I will definitely be hitting up a ton of places for them for sure.
I can offer a couple bucks a pound for them, if nothing else i can fill up a tub for the kids to play with and sell them in the future after the price of legos goes up due to inflation. I never guessed legos would make a good investment.
yeah these sets my son has some of them are over 500 creaping towards 1000 a set.............
You think that is something, check this one out!Quote:
Originally Posted by mikeinreco
2007 Lego Star Wars 10179 UCS Millennium Falcon 1st Edition Graded AFA 9 25 | eBay
I almost fainted when I saw that price tag! lol
Like I said, a while back, someone on here made a mention of them, and then I got onto other things, and completely forgot all about them!Quote:
Originally Posted by jghilino
Now that I am back onto them again, I will definitely be on the lookout and pass the word along.
I have already found some on CL that I can buy and quickly make a $30+ profit on.
We have a millenium falcon but I think my son put it together.............BUT WOW!!! THAT'S INSANE
I just found one ad on cl where a guy is selling 5 different sets for more than reasonable prices. On each one, I will double, or triple my money! I think I definitely found a new niche for VIP!
I can make more off legos, then I do hauling around junk all the time! lol
Whats sad about graded sets of legos is they will never be used for the inteded purpose. Putting them together. So your going to pay 12 g's for a box in a plastic box that shows a picture of what thepieces inside make? Dont make any sence to me at all.
so that would be a box of plastic inside of a plastic box, how confusing :DQuote:
Originally Posted by PartTimeScrapper
That seems to be what these collector types want, and it's an investment to them. They are speculating that the price will keep going up. I sell Hot Wheels vehicles, carded and non-carded and most people really want the ones still on the cards and are willing to pay, in many cases way more, for the luxury, of Not being able to Play with the darn things. :)Quote:
Originally Posted by PartTimeScrapper
Vintage Lionel trains sometimes the box goes for more than the train it contained.
Check out his completed listingsQuote:
Originally Posted by GeorgeB
brickenvy | eBay
people need the box for the one they already have lolQuote:
Originally Posted by BurlyGuys
People use to also collect Sports cards for an "investment" and the market fell apart. These don't seem like much of an investment at all.
I could buy 12K in gold or a lego MILLENNIUM FALCON. Tuff decision.
Some people have too much money.
I did buy lego sets for my kids to play with/eat when they were little.
Hopefully the guys buying these things are doing so for their own enjoyment.
Haha!Quote:
Originally Posted by Phantoms001
I'm the one who started the Lego thread. Since then I have had some luck finding them at garage sales and thrift stores. The problem is it is usually pieces scattered in with other toys, or the kid/person was a collector and has some idea of the value.Quote:
Originally Posted by Phantoms001
I did some research into the buyers of the said "pricey" legos. These are grown men age 30-50 who some have entire rooms dedicated to collecting and some have spent in excess of 100k. DO NOT BE FOOLED BY MEGA BLOCKS! These look like legos but cannot be sold for lego prices-almost like "chinese motherboards".
My legos were gone the day that my mom stepped on the tiny single-block lego barefooted.
I must have been punished severely because I can't even remember what happened between the time that my mom yelled every dirty word in the book to me noticing that there were no more legos in the toy box. ;)
I do very well with Minifigs! The Star Wars ones are very collectible! It's crazy how many people buy them, I get triple the views on Legos that I do on Escrap and CPU components.
I found that out the hard way. I started out collecting as a hobby, tried to turn it into a part-time business, and then went back to collecting as a hobby. I still collect, and I still sell. I sell my doubles and inserts on another site and use the money to buy cards I need to fill my sets. Nothing big, nor does it cover my addiction -- oops, hobby. But it helps.Quote:
Originally Posted by Phantoms001
I was a comic book collector once upon a time. Talk about a market that took a dump!
Comic books, sports cards, lego, they all have little value aside from their sentimental value. Sell while the market is hot, it will cool off. Don't be the one without a chair when the music stops.
My old Lionels aren't worth as much as the used to be, but that's okay, they aren't for sale!
I had several older sets of star wars legos. I sold them on ebay and was expecting to get $100-$150, but the auction ended at $450. I was pretty ecstatic!
I have seen a few on here talk about how legos are not a great investment, etc. My reaction, is who the heck truly cares if it is better or worse than anything else.
The point is, is that people are BUYING it!!!! Whether it is miscellaneous legos, or complete sets!
You want buyers, go onto ebay and there is 10's of thousands on there. You want local ones, then go to the "Wanted" section of craigslist. I know in my area there is several local buyers for lego's.
Everyone has their own personal investment that they prefer. Whether it is stocks, gold, diamonds, oil, legos, mutual funds, etc.
Where some see a failure, others see their retirement laid out nicely for them.
Sweet just weighed my 3 box's of lego's from when i was a kid.
1. 98 pounds
2. 77 pounds
3. 124 pounds
And to think i was, thinking of giving them away to a friends kid. :cool:
Everyone said houses were a good investment and then that market crashed? It's all in how you play the market. I think houses will always be a good investment if you play the numbers right, same thing with legos!
Nice score at least $1600 in legos hidden under the bed.....
Quote:
Originally Posted by drozenski
Since I deal with real estate, I can say the quickest and easiest way to make money, is by wholesaling. There will always be properties for sale, and buyers for them. Simply connecting the 2 is the biggest issue for most. Once you build a reputable buyers list, it is like taking candy from a baby in a sense.Quote:
Originally Posted by ScrapYaHerd
Others like me would say to find properties that cash flow from the start rent them to good tenants without missing a month. Right now with a 15 or 30yr mtg at under 4% and depressed prices this is very easy to do. I like the 10% rule with interest rates where they are. Take the total cost of the home with interest rates where they are and if you can get 10% of that back in monthly rent your good to go. Someone will pay off your house for you and put a lil money in your pocket every month.Quote:
Originally Posted by GeorgeB
So, back to Legos. I don't think anyone if investing in Legos rather, they are taking advantage of "arbitrage opportunities" (defined as: "the opportunity to buy an asset at a low price then immediately selling it on a different market for a higher price."). With legos, most of us are buying them and then selling them right away to make a profit. I don't believe people are investing in mixed Legos, hanging onto them for years and years for the hope that they increase in value. Perhaps there are people hanging onto collector legos like the Millenium Falcon but, not mixed legos unless their kids are still playing with them.
Thanks for the post George. I went ahead and looked up some posts on Legos. I hope to try to make some arbitrage profits with Legos sometime soon.