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Wednesday, March 11, 2009

Re: Books for Cash

Posted by on Wed, Mar 11, 2009 at 1:57 PM

Talking about selling books for cash, I just got an amazing e-mail from someone who used to work as a used book buyer in Seattle but no longer does. It seems to be a definitive list:

0fcd/1236804745-seattle_-_magus_books_01.jpgThis is an important question you've raised. I've got a scientific answer for you. Possibly wordy. Apologies in advance.

Ethical used bookstores pay between 25 - 30% of their selling price (which is, in turn, generally half the current retail price) in cash. Trade is generally 50% of sale price. Here's how it breaks down in Seattle:

Elliott Bay Book Company: used books priced below industry norm, sellers get about 20% cash, sometimes less.

Third Place: Slightly better prices, sellers receive about 25%. Sellers run the risk of having valuable books go unnoticed and/or underpriced. I think the buying is better at the Lake Forest Park store, where they also buy in larger volume.

Twice Sold Tales Capitol Hill and Queen Anne: Book prices are higher here on average, and sellers receive 25% in cash, higher on better books.

Twice Sold Tales U District
: Prices the same as the other two, but they pay 30% cash, 45% trade. You do need an appointment.

Magus: Pays the best in the city, hands down - prices are, on average, higher, and their cash offers start at 30%, going to 40% on higher-priced items, like university press publications, textbooks, and collectibles. They require appointments but will take walk-ins when there's time. They buy in large quantities, but are often already overstocked on popular fiction - sellers do better with academic books, foreign languages, and classics. One of the few places that will buy your books even with writing or coffee stains in them. If you have something really fancy and high-end, they'll pay 50%.

University Bookstore: Buys with great care and accuracy, but pays less - and buys less - than their U District neighbors. They also buy for Powells, and can offer a lowball price for books that the U Bookstore can't use but that Powell's can.

Spine and Crown: same as Magus, but smaller stock, and therefore buys less.

That's my insider, used-book round-up.

Many thanks to the Anonymous-Former-Used-Book-Buyer, who also advises prospective book sellers to "always call ahead, make sure the store is buying for cash, and ask what percentage they pay for books. If the store won't give you a figure, don't go there - that's a solid rule of thumb." And, finally, the AFUBB also wants me to remind you all that "no one gets rich selling general used books."

(Photo of Magus Books by Joe Mabel from Wikimedia Commons.)

 

Comments (18) RSS

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1
Good roundup, except that I'd say Powells takes LESS, not more, since they have such an enormous stock to pull from. Some relatively common titles they have hundreds of copies of, so they don't want yours, while a smaller store might take them because they have none.
Posted by Fnarf on March 11, 2009 at 2:44 PM
2
If you want to make money, sell online.

If you are a book-lover, go to the used bookstores and sell for trade instead of cash.

Oh and Half Priced Books pays shite, by the way. Don't bother.
Posted by Trevor on March 11, 2009 at 2:50 PM
3
Most of these used bookstores can't tell the difference between computer science classics like the dragon book or The Mythical Man Month and yet another guy you never heard of writing how to become a .NET programmer in 24 easy steps (CD included!).

Discuss.
Posted by elenchos on March 11, 2009 at 2:52 PM
4
Shout out to Jude for first calling Magus in the comments last post. Wasn't sure about the prices, but its the best overall, not even counting the ivy.
Posted by Jude Fawley on March 11, 2009 at 2:55 PM
5
@3, they're not experts, they're generalists. They're just playing the odds. And the odds against any given comp sci book being a classic that can be resold more than six months after publication date are a trillion to one.

If you have specialized knowledge, you can take advantage of it. The Dragon Book (if it's the one I'm thinking of) is selling for $82.88 new on Amazon, $115 used (26 copies). Sounds like a market due for a correction.
Posted by Fnarf on March 11, 2009 at 3:00 PM
6
Why mess around and schlep all over town? I go straight to bigalgie consignment with my books! He offers free pick up, has hundresd of clients in the Seattle area, is locally based and has an amazing seller reputation on Amazon. With his 60 / 40 split (40 for me) is means more money in my pocket. Plus he not just good for books. Movies, music, anything with a UPC code!
Posted by BookLover on March 11, 2009 at 3:09 PM
7
Shout out to Trevor for telling it like it is: selling online is the way to go to nab the best prices and realtime value, especially for items that may be small press/rare/import/out of print.

Proper online sales require a good amount of item and customer care, not to mention some savvy business sense to price in your best interest and not leave money on the table. This is a part time job, at the very least.

This is what I do professionally. If you don't have the time to invest in learning the ropes and doing it yourself (starting from scratch, you're at a bit of a disadvantage with no sales records and feedback scores), I sell hundreds of items a week all over the world: books/CDs/DVDs/toys/games/collectables. I generally make consignment clients 5-25X what they will net from the bricks and mortar establishments that buy from the public.

You can deliver to me or pick up is available, based on location and timing!

Alan
Capitol Hill
bigalie on Amazon Marketplace
alanalantt at aol dot com
Posted by Alan on March 11, 2009 at 3:12 PM
8
Hysterical. I promise you I did not know that a client of mine was posting right above me! It wasn't there when I went to compose my post, that's for sure.

Thanks Book Lover...now I have to figure out which client you are, but I think I have a good idea. Really nice of you.
Posted by Alan on March 11, 2009 at 3:15 PM
9
thanks alan the unsolicicted objective testamonial is especially convincing. my credit card number is 46401382898882 please sign me up. you rock!
Posted by Go away! 'Batin'! on March 11, 2009 at 3:29 PM
10
I've also had pretty good luck selling at Ophelia in Fremont. I'd say they pay about 25-30%
Posted by ingopixel on March 11, 2009 at 3:34 PM
11
anyone have any #s/%s on epilogue in ballard?
Posted by jezbian on March 11, 2009 at 3:58 PM
12
I'm really jealous of y'all right now. We have one used bookstore and one independent bookstore in my city (not counting the religious bookstores, of which there are dozens - yeah, I'm in the Bible belt). And the independent store is only open from 9-5, so I never get to go. I haven't figured out when the used book store is open - every time I go by it is closed.

Sometimes I really miss living in a real city.
Posted by Sheryl on March 11, 2009 at 4:02 PM
13
FWIW: the used bookstore in the old house up on 15th (near Coastal Kitchen) is allegedly going out of business with everything 75% off - with one week left to sell everything.
Posted by Rhett Oracle on March 11, 2009 at 4:16 PM
14
Horizon Books. There's a TON of stuff left. I asked the guy what he's going to do with it and he said "I don't know -- make me an offer".
Posted by Fnarf on March 11, 2009 at 4:19 PM
15
He has a warehouse/shop on 10th near Atlas/Moe Bar that he's moving everything to. The cat is possibly up for adoption. I posted it over at CHS with a cute picture of the cat :(

http://www.capitolhillseattle.com/2009/0…
Posted by Diana on March 11, 2009 at 4:36 PM
16
Magus remains one of the best bookstores I've ever been in. They're phenomenal for their purchasing habits, their book offerings and the people who frequent the store.
Posted by Jess on March 11, 2009 at 7:28 PM
17
Seems like Horizon has been having constant sales since I was in middle school, when I bought all the old James Bond paperbacks that cracked in half from old age. The guy who worked there told me, as he sold them, "People don't read these anymore..."

I guess I'm surprised they lasted this long but I'm sorry if they are really going.
Posted by Jude Fawley on March 11, 2009 at 7:32 PM
18
Would you load five boxes of books into your car, drive across town, then unload those books and carry them up a flight of stairs where two buyers with master's degrees in contempt will then pay you 10 dollars if you come back in an hour? Well then, don't sell to Half Price books.
Posted by croydonfacelift on March 11, 2009 at 11:03 PM

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