(Topic ID: 264670)

Will prices on used pins plummet?

By UNCgump

1 year ago


Topic Heartbeat

Topic Stats

  • 29 posts
  • 24 Pinsiders participating
  • Latest reply 1 year ago by vex
  • Topic is favorited by 1 Pinsider

You

Linked Games

No games have been linked to this topic.

    Topic Gallery

    View topic image gallery

    5F37283A-E0E0-4543-BCC2-E08F53EB24A6 (resized).jpeg

    -11
    #1 1 year ago

    With the economy cratering, how long till people are liquidating pins at rock bottom prices? I'm already considering ditching my two for whatever I can get.

    11
    #2 1 year ago

    With all due respect to your post, I think the more important thing right now is all of our safety. I see this virus as Just getting going and I am not sure we are doing all we can. Hell I hope things to not dissolve to riots and alike. This damn thing is scary.

    I think all things are going to plummet. Pins being the least of which. Our real estate, home, jobs, business’. All of it. I suppose if you’re pretty much debt free and able to hang on for a year or two which is how it looks from my window, you’ll probably find some good deals!

    15
    #3 1 year ago

    It may turn out the economy is only dimpling, in which case I don't think it'll be a huge issue.

    #4 1 year ago

    Nope, they simply are not going to sell.
    Going to be hard to sell a pin if you can’t ship it, deliver it or the buyer come pick it up.
    Totally illiquid as many things will be.

    -1
    #5 1 year ago

    Shot sighted. In the next 90 days, possibly. Over the next 6 months - year, unlikely. The opposite argument could be made as upcoming new releases may be postponed until supply chains are re-established.

    #6 1 year ago

    Just a reminder.

    In order for us to be in recession we need two consecutive quarters of decline. About 1 week and one month ago the Dow was less than 500 points away from 30,000. Too soon to call anything yet.

    Pins selling depends on situation and lifestyle of the seller.

    #7 1 year ago

    Who cares...bought 'em to play, not profit.

    14
    #8 1 year ago

    Odd that no one has ever asked this question before..............................................

    -3
    #9 1 year ago

    Thanks for all the snark guys. Um, sorry I'm a busy professional actually involved in the response to this nightmare and don't have the time to read every pinside thread. It was a legit and serious question related to planning my family's financial situation. Would rather sell ASAP if the value may be crap in 3 months when we need it. No need to be total jerks about it. Stay safe.

    #10 1 year ago
    Quoted from UNCgump:

    Thanks for all the snark guys. Um, sorry I'm a busy professional actually involved in the response to this nightmare and don't have the time to read every pinside thread. It was a legit and serious question related to planning my family's financial situation. Would rather sell ASAP if the value may be crap in 3 months when we need it. No need to be total jerks about it. Stay safe.

    I believe resale will significantly decrease could be as much as 50%

    You can look back at for sale prices from 10 years ago and see how cheap some of these pins were. When the time comes people will have to do what they can to take care of their family’s

    #11 1 year ago

    People who have more money in pins than in the bank account probably had the wrong priorities from the beginning. Always keep 18-24 months of cash in the bank. Not in the stock market, in the bank. Not in pins, in the bank.

    #12 1 year ago
    Quoted from UNCgump:

    Thanks for all the snark guys. Um, sorry I'm a busy professional actually involved in the response to this nightmare and don't have the time to read every pinside thread. It was a legit and serious question related to planning my family's financial situation. Would rather sell ASAP if the value may be crap in 3 months when we need it. No need to be total jerks about it. Stay safe.

    Time heals and kills all. Only a matter of time until things go back to normal. Atleast that's my opinion. I'm not selling anything, their still of value to me.

    #13 1 year ago
    Quoted from UNCgump:

    Thanks for all the snark guys. Um, sorry I'm a busy professional actually involved in the response to this nightmare and don't have the time to read every pinside thread. It was a legit and serious question related to planning my family's financial situation. Would rather sell ASAP if the value may be crap in 3 months when we need it. No need to be total jerks about it. Stay safe.

    No one can answer your question with any certainty. If you want to secure the value your pins have today, you need to sell them.

    11
    #14 1 year ago
    Quoted from UNCgump:

    With the economy cratering, how long till people are liquidating pins at rock bottom prices? I'm already considering ditching my two for whatever I can get.

    Let’s get on with it. What are you selling?

    -5
    #15 1 year ago
    Quoted from WackyBrakke:

    People who have more money in pins than in the bank account probably had the wrong priorities from the beginning. Always keep 18-24 months of cash in the bank. Not in the stock market, in the bank. Not in pins, in the bank.

    Why? It's only paper....if the Govt decides not to honour it you're still screwed.

    #16 1 year ago
    Quoted from UNCgump:

    Thanks for all the snark guys. Um, sorry I'm a busy professional actually involved in the response to this nightmare and don't have the time to read every pinside thread. It was a legit and serious question related to planning my family's financial situation. Would rather sell ASAP if the value may be crap in 3 months when we need it. No need to be total jerks about it. Stay safe.

    If this is a real concern for you, I suggest selling them ASAP.

    But if you wanted top dollar for your games, you’re already way too late.

    #17 1 year ago
    Quoted from guard:

    Why? It's only paper....if the Govt decides not to honour it you're still screwed.

    That makes zero sense.

    #18 1 year ago
    Quoted from WackyBrakke:

    That makes zero sense.

    https://en.wikipedia.org/wiki/Executive_Order_6102

    No tinfoil hat here. I’m just making the point that our money (and gold) has an artificial value. This is a rather infamous example.

    #19 1 year ago
    Quoted from UNCgump:

    Thanks for all the snark guys. Um, sorry I'm a busy professional actually involved in the response to this nightmare and don't have the time to read every pinside thread. It was a legit and serious question related to planning my family's financial situation. Would rather sell ASAP if the value may be crap in 3 months when we need it. No need to be total jerks about it. Stay safe.

    You didn’t add your situation to the question. It sounds like you have older pins that you are thinking of selling. I say it gets a little softer, but doesn’t plummet.

    A few questions back towards you, or others having the same question, would be, do you currently have an good emergency fund to cover your future expenses? How stable is your job in the near future? How much do you like your pins? Focus on your situation rather than the market.

    If you don’t have much of an emergency fund, your job is shaky and you haven’t played your pins in 6 months then yes start selling some, Like now.

    Focus on your personal situation and comfort zone with your finances over what you think the pinball market will be like a year from now.

    #20 1 year ago

    Yeah.... how can we capitalize on this global pandemic?!????!!

    When everyone wants the same thing, that is called demand. Everyone here is hoping pins go down, but they don’t want to sell theirs cheap. That isn’t going to work. I’m sure some people will be pressured to sell because of slow business at bars/arcades but it will come back up.

    I guess we’ll just continue reading these threads over and over

    5F37283A-E0E0-4543-BCC2-E08F53EB24A6 (resized).jpeg
    #21 1 year ago
    Quoted from UNCgump:

    It was a legit and serious question related to planning my family's financial situation.

    If selling 2 pins is at all related to your family's financial situation, you're screwed.

    #22 1 year ago

    Any drop in pin prices during this time will be short-lived. There will be mass inflation coming. You'll be wishing it was only $10k by Christmas.

    #23 1 year ago

    If you're in a situation where selling 2 machines helps you out, you prob shouldn't have in the first place. Ride it out, things will be fine. I'm sure in 4 to 6 weeks things will be normalizing. Dont sell em

    #24 1 year ago

    I’m trying to predict the future as well, but on a house I signed a contract on short of a week before the stocks crashed, the pandemic was announced & my job was put on hold. Don’t really give a shit about my pins.

    #25 1 year ago
    Quoted from UNCgump:

    With the economy cratering, how long till people are liquidating pins at rock bottom prices? I'm already considering ditching my two for whatever I can get.

    What pins do you got and where are you located? How much? If I were you, I would simply make some adds for your games and advertise them. See if you can get an amount you are OK with. It isn't going to get better for 4-8 months anyway. Try selling now. You may not do bad at all if they are decent games in decent condition.

    #26 1 year ago

    I just sold a game two days ago for the price I wanted. It wasn’t a panic sale. I think less people might be interested in buying than normal. But I don’t believe a $20k collection is now worth $10k

    -1
    #27 1 year ago
    Quoted from Nevus:

    https://en.wikipedia.org/wiki/Executive_Order_6102
    No tinfoil hat here. I’m just making the point that our money (and gold) has an artificial value. This is a rather infamous example.

    You are an idiot.

    #28 1 year ago
    Quoted from WackyBrakke:

    You are an idiot.

    I can assure you that this cat’s no idiot...

    #29 1 year ago

    With staying home so much, thank god I didn't sell them! Every time i play them I'm profiting quite honestly. Great distraction from all the shit we are living through. I cant be the only one feeling like this.

    Hey there! Got a moment?

    Great to see you're enjoying Pinside! Did you know Pinside is able to run thanks to donations from our visitors? Please donate to Pinside, support the site and get anext to your username to show for it! Donate to Pinside