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General question on collecting and selling

piehammer

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I am new to the forum and collecting tools in general. For the most part I'm collecting 70's & 80's Craftsman hand tools. I frequent estate sales and try to pick up lots of tools when I know they have some older things made in the US. At the end of the day I end up with a good bit of incomplete stuff that I want to sell, but I'm finding it hard to come up with fair pricing. The only real source I have for pricing is eBay but while I have a good selling history there, I'd rather sell privately to avoid all the associated fees. I've listed a couple things here but have gotten no response which I take as either my account is too new, or my prices too high.

So, looking for advice on how to best set pricing and sell what I have that I don't want to keep.

Thanks!
 
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piehammer

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I should add that I'm not in this as a business, I just want to keep the cash flow going so I can buy more stuff.
 

Maui

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There’s no shortage of old Craftsman tools in my area. I see them everywhere. And that tends to keep prices down. If you can put together some complete sets from the tools you’ve bought that could make a difference to someone who is looking for the vintage USA built Craftsman tools. A complete set is unusual to find.
 
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piehammer

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Thanks. Most of what I was hoping to sell here is the stuff that's not Craftsman. I have odds and ends from SK, Plomb, Thorsen, Blackhawk, Proto, P&C, Williams, Giller, Billings, etc. I'd love to just make a photo album and take offers, but I'm not sure if that's allowed.
 

Private Lugnutz

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I've listed a couple things here but have gotten no response which I take as either my account is too new, or my prices too high.
Or the stuff you listed was just not in demand.

I'd love to just make a photo album and take offers, but I'm not sure if that's allowed.
If you're referring to the Classifieds board, you can get away with pretty much anything there. Guys regularly post photos of small or large lots of tools and put the price in the sale as "NEGOTIABLE", which is pretty much what you want to do. You can't reply to sales threads anyway, so a lot of PM's are offers.
 
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piehammer

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Or the stuff you listed was just not in demand.


If you're referring to the Classifieds board, you can get away with pretty much anything there. Guys regularly post photos of small or large lots of tools and put the price in the sale as "NEGOTIABLE", which is pretty much what you want to do. You cant reply to sales anyway, so a lot of PM's are offers.

The Crescent double adjustable 4" - 6" seemed pretty in demand. That was the one I was surprised at, but it could just be listed too high at $70 shipped.

Thanks for the tip on listing lots as negotiable. If that is OK to do, that is my next plan.
 

d42jeep

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The trouble with selling on the GJ is that many of the members frequent flea markets as well as garage/estate sales and are used to paying those prices. Even though eBay fees and rules are a PITA, you reach a wide group of buyers there who are used to paying slightly higher prices.
-Don
 

NYBODYMAN

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I generally utilize ebay to figure out pricing for my FB Marketplace listings. I go to sold/completed listings and try to find the median prices and go from there.
 
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piehammer

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The trouble with selling on the GJ is that many of the members frequent flea markets as well as garage/estate sales and are used to paying those prices. Even though eBay fees and rules are a PITA, you reach a wide group of buyers there who are used to paying slightly higher prices.
-Don

That makes sense, thanks.
 

Bigstick

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I am also new here. Been reading posts off the web but finally joined. The more I read the interested I get and the more I want, lol. Grabbing up old Protos, Williams, SK, and Blackhawk. Starting to want to focus - just not sure where yet.

Thanks for all the knowledge!
 

slowtwitch73

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Ebay fees are worth it imo.

List it, if it doesn't sell, relist cheaper until sold.

I also find that quite a few guys think their stuff is worth more than it is. Craftsman made *alot* of tools in the 80's and 90's.
 

macgee

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Welcome to GJ,

Hope you've been enjoying building your tool collection.

Will have to say its a labor of love especially collecting Craftsman and then trying to sell what you don't need. There's is simply a ton of it already out there, sitting in piles at every flea markets....etc. The only ones that get some traction is the =V= or earlier and really only sold in complete sets, even one or two missing pieces kills value and even complete set don't get that much money for the quality (they're high quality and a great deal for someone starting a shop).

Selling Craftsman sockets and wrenches sold individually is brutal; Unless it a highly desired, well established collectible tool on its own that people are searching for otherwise making any money to cover time and effort is tough at best. Almost everyone's father or Uncle had SK, Craftsman or Proto tools in the garage. These are old tools but not rare by any means.

You do get people needing to finish off sets buying randoms but its not nearly as much as you think and they only want to spend $3-$6. Shipping is a killer now.

I say definitely lower your prices considerably. Use only eBay items have SOLD (green prices shown) as a reference and then note it's condition compared to yours. Then lower the price about 25% below that to sell on the forums or locally and then maybe you'll get some traction. Here on GJ, I find sellers here want much more or the same prices as ebay prices and buyers are very frugal, way more than buyers on eBay; not a great combo.

For years I had booths at many vintage tool shows selling all kind of tooling full time. We all hate to lower prices but tools sold much faster at lower is more profitable in long run. Holding onto items hoping to get Gucci prices means more space needed to store a bad seller (space is money), money ******* in that item that could be used buying tooling that's more profitable or more desirable for yourself. Having a pocket full of cash and light load heading towards home is way better than a heavy load going home and barley enough bills to rub together because you stuck to your high prices. You'll then have to repeat the whole process again selling it in hopes it will sell this time while if you sold a lot of items in the first place you would now have space, money and time to sell other new items that hopefully is more profitable. The one who unloads the most is the winner, not necessarily the one who gets the highest price over time.

Remember, If you're serious about this and know what you're doing then you're only buying items that make money. The cash I would make at tool sales would go into buying even more tools, you normally don't buy tools that don't make or help you make money (money feeds the hobby). If I have tools not selling/not making me any really cash; I give it away so I don't need to deal with it, having to haul it around, taking up valuable shop space, extra muscles need to load it and unload it. If I sell it low, at least I can use that money to buy something else that will be more profitable or a tool more useful to me. A correction from a mistake.

I have hundreds and hundreds of socks from Craftsman, SK, Proto, plomb, Snap-On.....etc sitting all organized and categorized that are a total pain to deal with. I give the stuff away. Just recently I tried giving two different friends complete Craftsman -V- socket set racks with a ratchet from 3/16"-1" and neither were that excited and when looking on eBay, they don't sell for that much as a complete set compared other tooling that people need in shops. Everyone tries to sell Snap-On for super high prices but most buyers just want to pay what you think your Craftsman is worth. Think about it, how much effort and time are you going to spend to make maybe $50 from a box full of sockets? It's not worth it


Don't lose the drive to collect, buy tools for yourself but bear mind as a rule of thumb about half of what you think is profitable is not; so be smart and get educated of what's worth buying and what you need to walk past or run past like used drill bits, sockets, individual wenches and taps and if you see auger bits in pretty wood boxes run right past it and fast. :). Good luck and have fun!
 
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theoldwizard1

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Will have to say its a labor of love especially collecting Craftsman and then trying to sell what you don't need. There's is simply a ton of it already out there, sitting in piles at every flea markets....etc.

True ! There really are not many tool collectors out there and 70s and 80s Craftsman are NOT very valuable.

I would like a set of DBE of wrenches (currently not in production, I hope SBD bring them back) but I am not going to pay the ridiculous price they are asking for them on eBay. I could get by with just a 32954 and a 32956 but I am not going to pay over $10 shipped ! Even that is a lot, IMHO !
 
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piehammer

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Thanks for the comments all, much appreciated.

I know the Craftsman stuff I'm collecting is not really valuable, I just like it. It's what my grandfathers used, and as a kid I used to pour over the catalogs looking at the drawers and drawers of Craftsman tools.

I know I won't make much selling, and it's really the non-Craftsman stuff that I'm looking to sell off. I'll try some of the tips given here and see how it goes.
 

thehorse13

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You've gotten all the right information from extremely knowledgeable people here.

One more thing to think about is, condition matters. Most people want to finish their sets with items that are in the best possible shape. Now, there is an entire can of worms you can open about how to take what appear to be horrible condition tools and make them look brand new again but that's a separate topic.

The tool brands that you mentioned such as Proto, Blackhawk, Williams, etc. all have very valuable and desirable tools and equally worthless tools. Knowing the difference is key. For example, early Blackhawk stuff before 1955 can bring strong money but not always. Then after New Britain bought them, the tool value tanks once Blackhawk tools start to look the same as the New Britain lines.

The bottom line is knowing what's valuable takes time and effort. Old tools have picked up in popularity and it's getting more difficult to find the valuable things.
 

Rickster

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Guys are always interested in cool old tools but very few want to own them. The tool collector crowd is very very small. Then within their ranks are guys who only collect Snap-on or Mac or whatever individual company ..... or a specific tool. The smaller the tool company the less interest. There’s no money to be had in that market.
 
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four.cycle

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Watch this space: https://www.ebay.com/itm/233944056723

Thus far, no bids. I mentioned to another member here a couple nights ago that if my intuition is correct, that thing will go for north of $120 bucks.
I could well be completely off the mark, but that remains to be seen.

But 1970s and 1980s vintage Craftsman tools are as common as rocks.
A few years back, I picked up a full set of 1/2" drive 12-point SAE deep-wells from a Craigslist ad for $25 bucks. Another CL seller sold me a full set of 1/2" drive shallow metric sockets for $20 bucks. I got the 1/2" drive ratchet from a local pawn shop for $10 bucks. Another CL seller (who said he needed money for cigarettes) sold me an almost-complete set of VɅ metric combination wrenches (along with a few 1/4" drive metric wobblies) for $27.00 one night.
Those are what I keep in my truck - if somebody breaks in and steals the stuff, I'm not out a lot of money.

As much as I hate Ebay this week, I would pay heed to d42jeep's comment above: you will get the most exposure from the largest potential customer base on Ebay.
If you're trying to unload wheelbarrows full of stuff, you might consider the strategy used by Ebay seller "shamata": start all items with a minimum bid of 99 cents + shipping, and let 'er rip. The guy unloads his entire inventory every week, and he ain't in the game for fun.

Bear in mind that if it's it's late-production Craftsman - 1970s, 1980s, 1990s - it is not going to increase in value until your hair is white and your third wife has already left you.
Take the money and run and buy the stuff you want.
 

d42jeep

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I’ll never understand what happens on eBay. I listed this pair of Craftsman VL ratchets recently for a minimum bid of $20.00 plus shipping. 5 days went by with no bids so I re-listed them for $19.00 plus shipping. They immediately received bids and ended up at $61.00 plus shipping. The buyer could have bought them the week before for $20.00. Very curious.
-Don
 

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four.cycle

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^ One of many reasons I exclude "Craftsman" from all my search strings on Ebay. You may recall my attempt a few years back to try to get a handle on selling prices of early "BE" and "Circle H" 1/4" drive sets, but I abandoned the effort after watching selling prices for a couple months that were all over the map.

But then, I have seen episodes akin to what you've described with the ratchets with other brands as well; one week will go by with zero bids, the next week the item is re-listed and everybody is all over it.

That Ebay buyers are a fickle lot is about the only conclusion that can be drawn from it.
 

Private Lugnutz

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Most of what I was hoping to sell here is the stuff that's not Craftsman.
^ Just in case one more person fails to read this and thinks you're selling Craftsman.

This subject comes up here often, piehammer, and in addition to the practical advice I gave you on how to handle the Classifieds board, I will add my $.02, repeat what I have said to others.

99% of this hobby (collecting to keep, and flipping to pay for your collecting...) is reading and writing. And I am not kidding. Finding, cleaning, and listing tools is the easy, quick part. It's over in minutes. If you don't do the long, hard part (learning to distinguish what is desirable, scarce, and uncommon from what is common, or knowing what sells even if it's common, by brand, type, markings, era, etc - as thehorse13 and Rickster allued to...), it will be very frustrating. Newbies who think they're going to just list lots of tools and have them sell just because they're all US made have their excitement wear off right quick. (Not saying that's you!) And even some veterans can't get over the fact that it's not that simple. I won't name names, but we actually had a very seasoned GJ member get banned here for posting a venomous screed against what he viewed as the snobby gentrification of the hobby, a view I constantly disagreed with him about. I'll never understand the self-defeating dumb-down idea that all vintage tools are the same and that they all have and should only have utilitarian value. It's like telling a numasmatist that all silver dollars are worth a dollar. The distinctions, learning them, celebrating them, are precisely what makes the hobby fun.

EDIT: By the way, by you knowing that a smaller double-ender Crescent adjustable should be worth more than larger versions, I am inferring that you're well on your way. So I hope all that doesn't sound condescending. I also appreciate your patience with people who reply before reading thoroughly. Getting along on forums is important, too. Because this place is more of an information goldmine than most people think.
 
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four.cycle

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^ I may have misunderstood what he was saying, but it sure sounded like he's trying to unload the "extra" Craftsman he's picking up in the process of procuring what he wants.
 

Private Lugnutz

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I got the same impression from the first post, but he clarified after the first reply. No biggie, 4.c. I wasn't thinking of anyone in particular or throwing a barb when I re-posted his clarification. I just know what it's like when 3 or 4 guys keep making the same mistake because they're only reading the first post, not the replies, or the replies to the replies, and he's a relatively new member thinking, "How many times do I have to say this?!" :lol:
 

BlakeTheCarGuy

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There are plenty of older Craftsman tools out there I go to the pawn shops here and fill up a box with any brand I want. I’ve got pretty much every brand that you listed except a few and also have many other vintage brands I’ve come across too and I’ve gotten many from estate sales as well. I love older Craftsman stuff and a lot of the brands you listed. There are plenty of collectors out there but probably the least for the Craftsman which I know you said you didn’t want to sell anyway.


Sent from my iPhone using Garage Journal
 

four.cycle

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^ Clearly I need more sleep.

I have NO clue what "market value" is on onesie-twosies sockets on Ebay. I pay the fare if it's something I need to complete a set, but those instances are few and far between. Right now I can count on one hand the singles I need to complete sets.

The entire time I was reading the thread - which I did actually read - I kept thinking of Dave down in Oregon, who was unloading stuff in lots just to get rid of it. (Can't recall his handle now.)

I know I have pretty much the same thing going on here with a couple brands - somewhere out there in the garage is a box full of mostly NOS Duro-Chrome sockets. I figured I'd just send 'em down to Don and let him deal with them rather than go through the painful process of trying to peddle them off. ;)
 

slowtwitch73

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Folks can read just fine.. first post mentions selling on Ebay .. and one can infer in general.. Craftsman and other brands.

Much of the advise given can be applied to other brands and sales venues.
 

four.cycle

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BTW: I did discover one of those Walden 9/32" sets here. It's the one that's only got a few sockets in it. I should shoot it to you so you know what to look for at your flea markets.
I think I actually made a list of the pieces that are missing. I'll try to remember to get to it - I've been immersed in working on that list for the last few months since the moving project with my mom and sister finally ground to a halt.
 

macgee

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I used craftsman as a reference as that is what the OP likes and knows but it also applies to the other tool brands when it’s trying to sell so let’s try to stay on topic. The ones that mentioned the condition of the tool, that is a very good point and very important and the more money you want, the more critical the little nuances and condition matter.

Newbies trying to sell a greasy and grimey items in found condition, has wear and the finish deteriorating will Greatly affect price and you’ll be disappointed in demand and it makes a massive difference on price. Clean the item without hurting the item and take lot of photos showing all the different facets of the item, give good info on it giving the potential buyer a good chance to see what the piece is really like.

On the other hand, if it is a collectible item and rare, the original patina is critical in order to keep the value.
 
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piehammer

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Thanks again all, I do appreciate the input.

I inherited a couple of tool boxes from my Grandfathers, and most of the contents were Miller Falls and Craftsman. As I was going through them and cleaning everything up I really enjoyed doing the research and reading up on the companies, etc. Those tools are ones that I will never sell, and will be passed down when I go.

As I mentioned earlier, growing up I loved looking through the tool section of the Sears catalogs and dreamed of having a tall tool chest with drawers full of sockets and wrenches, even if all I needed was an adjustable at the time for fixing my bike. Now that I have the means, I know I don't need thousands of dollars in Snap-On or Mac, but I still want to build a nice set of tools and fill the chests I have. Craftsman for me is a nice nod to my Grandfathers and Father in Law. I really like the =V= stuff as it is in their era and inexpensive. I keep the -V- and -VV- stuff as well to build out other usable kits for our place in NC where we are finishing up a new cabin and small shop.

Along the way I end up with other made in US stuff that I like to read up on but don't intend to keep unless it has some sentimental value - the Westline socket set my Dad had or the Barcolo wrenches from my Gradfather. I probably won't pick up anything specifically to add to those, but might hang onto some if they are in a lot of tools I buy.

My hope is to sell the other pieces and help recoup some of the costs for the things I want to keep. Like I mentioned earlier it's not a business, but it sure is easier to justify the new tools coming in when the missus sees some cash coming back.

Lots of great input from the group, and I really appreciate it. I have a lot to learn obviously and I hope I have some things to share of value as well. The fact that there have been so many responses to this question really speaks to the community here.

Thanks again,
 

macgee

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Awesome story pie,

I think you’ll find the craftsman =v= as excellent tools, quality for the price is excellent and will serve you very well and without wanting to upgrade; I use them daily along with Snap-On, Plomb and other nice tooling and have zero complaints and happy to use it.

Enjoy!
 
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