Theo TCG

How Do Pokémon Card Buylists Work?

Why a buyer offers a fraction of market value, what that fraction usually is, and when the gap is reasonable rather than an insult.

Every seller hits the same moment. You look up a card, see it selling for a hundred dollars, get offered forty, and conclude that the buyer is trying it on. Sometimes they are. Most of the time the gap is real, and understanding what is inside it tells you when to push and when to accept.

This is written by a buyer, which you should weigh accordingly. It is also the explanation we give when someone asks, so it may as well be written down.

What the gap is actually made of

When a buyer pays you for a card, they own a card. They do not own money until somebody else buys it, and the distance between those two states costs a surprising amount.

Marketplace fees. Selling a card on any major platform costs a percentage of the sale. That comes off the top of whatever the card eventually fetches, not off the buyer’s margin.

Postage and packaging. Every card sold individually is an envelope, a sleeve, a top loader, a label and a trip to the post office. On a card worth twenty dollars this is a meaningful fraction. On a card worth two hundred it is noise.

Time. Not the buyer’s hourly rate — the calendar. Money spent on your collection is unavailable until the cards sell, which can be months. A buyer who ties up their capital in slow-moving stock cannot buy the next collection.

Condition risk. Photographs flatter. Cards that looked Near Mint arrive lightly played more often than the reverse, and the difference on a vintage holo can be several times the money. A buyer prices that risk in, which is also why offers are conditional on review when the cards arrive.

The cards that do not sell. Every collection contains material that will sit for years or go out as bulk at a loss. That is absorbed by the cards that do move.

Why one percentage cannot cover a collection

The most common misunderstanding is treating a buylist offer as a single percentage of a single number. A collection is not one thing.

A graded card with a known population and an active market is close to cash — easy to value, easy to resell, low risk. The spread on that is narrow.

A vintage holo in uncertain condition needs assessment, may need grading, and might disappoint. Wider spread.

Five thousand commons need sorting, storing and eventually moving in bulk at rates measured in cents per card. Frequently the sorting labor exceeds what the bulk returns, which is why bulk pricing looks so brutal written down.

So when someone says “a buyer should pay sixty percent”, the honest answer is: of what? Sixty percent of a Charizard and sixty percent of a shoebox of energy cards are not the same proposition.

What a good offer looks like

Not high. Legible.

An offer you can check has three properties. It names the cards that carry the value. It says what condition it assumed. And it tells you what happens if the cards arrive different from the photographs.

That last one matters more than people realize. Any buyer making an offer from photographs is making a conditional offer, whether they say so or not. The honest ones say so up front and explain what changes if the condition differs. The dishonest version is a high number that quietly drops after you have already posted the cards, when you have the least leverage.

Our own offers come with a breakdown for exactly that reason — not out of generosity, but because an offer you cannot check is one you have no reason to trust.

When to push back

Push when you can point at something.

You have sold comps that disagree. Three or four recent sales of the same card in the same condition is the strongest argument available. It is checkable, so it is hard to wave away. How to price from sold comps covers finding them.

The buyer has misidentified a card. Printing variants are easy to miss in a photo, and the difference between a Shadowless and an Unlimited copy is real money. If you know which you have, say so.

A condition assumption looks wrong. If a card was assessed as played and it is genuinely clean, better photographs are the answer rather than an argument.

The bulk was estimated and you have counted. Estimates are conservative by necessity.

What does not work is saying the number feels low. Every buyer hears that on every collection, and it contains no information.

When the gap is reasonable

Equally, it is worth naming the cases where a wide spread is honest.

Collections that are mostly modern bulk. Collections in poor condition. Collections with nothing individually valuable in them, where the buyer’s work is almost entirely sorting. Anything where the seller wants a single payment quickly rather than money arriving over six months.

Speed and certainty have a price. If you would rather have the money now, you are buying that, and the price is the spread. If you would rather have the maximum, the route is selling card by card yourself, and what that actually costs in time is worth reading before you commit to it.

Neither choice is wrong. Choosing without knowing which you chose is the expensive version.

Why buylist rates move

The percentage a buyer can offer is not fixed, and it moves for reasons that have nothing to do with you.

What they already hold. A buyer sitting on forty copies of a card will offer less for the forty-first than one holding none. This is the single biggest cause of two honest buyers quoting very different numbers on the same card, and it is why a second opinion is worth getting on anything substantial.

Where the market is. Attention moves — an anniversary, a reprint announcement, a popular opening video. Prices follow, and buylist rates follow prices with a lag in both directions.

How fast the card sells. Liquidity matters as much as value. A card worth fifty dollars that sells in a week is worth more to a buyer than one worth eighty that takes a year, because the first one releases capital to buy the next collection.

The practical consequence: getting two or three offers on a valuable collection is sensible, and the spread between them is information rather than evidence that someone is cheating. If one offer is dramatically higher, ask what they have spotted that the others did not — sometimes they have found a card nobody else identified.

The questions worth asking any buyer

Five, and they take a minute.

  1. Which cards in this collection drive the number?
  2. What condition did you assume, and what changes if it is different?
  3. When do you pay — before or after you have seen the cards?
  4. Who covers shipping and insurance, and what happens if the parcel is lost?
  5. If I decline after you have seen them, what happens to my cards?

The answers matter less than whether the buyer will give them. Anyone who gets cagey about question three or five is telling you something.

For what it is worth, ours are: the breakdown shows you; condition changes the number and we tell you how; we pay after reviewing the cards on arrival, never before; shipping and insurance are the seller’s responsibility; and if you decline, the cards go back.

The short version

The gap between market price and offer is fees, postage, capital, condition risk and the unsellable remainder. It is wider on bulk than on good singles, because the work per dollar is higher.

A low offer is not automatically a bad one, and a high offer is not automatically good — the question is whether you can see how it was built.

If you want a number you can check, send us photos and we will show you the working.

Common questions

Why is the offer so much lower than what the card sells for?
Because a buyer has to sell the card again, and everything between buying it and selling it costs money — marketplace fees, postage, packaging, the working capital tied up while it sits, and the cards that turn out to be in worse condition than the photographs suggested. The gap is the cost of turning your collection into cash today instead of over the next several months.
What percentage of value should I expect for a Pokémon collection?
There is no single number, because it depends entirely on what is in the collection. High-value single cards that are easy to resell command a much higher percentage than bulk commons, which frequently cost more to sort and store than they return. A collection is really several different offers added together.
Is a low offer a sign I am being ripped off?
Not by itself. A low offer with no explanation is worth questioning; a low offer with a breakdown showing which cards carry the value is information. Ask any buyer which cards drive their number. A buyer who will not tell you is the warning sign, not the number itself.
Can I negotiate a buylist offer?
Usually, if you have something specific to point at. “That seems low” rarely moves anything. “These three cards sold for this much last month in this condition” frequently does, because it gives the buyer something to check. Come with sold comps rather than with feelings.