Inexpensive "Wizard Coin Supply Albums" - Their Story

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Wizard does not actually manufacture any of the products that we sell. We carry many different products for a variety of manufacturers. About the Coin Collector brand:

These albums were made in the late 1990s by a company that wanted to start a new album line. They hired a broker to help them get them produced in China. What happened next is not known to us as the two parties tell different stories. But, for one reason or another, the company did not take delivery of the product. There was some negotiated settlement that left the broker with most of the albums. The company that had them made ended up with several pallets as well. The albums sat in two warehouses for over a decade with the broker and the company each paying rent on the space where their supply of these albums was stored. A couple of years ago, the broker's kid beginning selling a few of the albums retail on ebay as well as began contacting coin supply companies to try to sell the whole lot. After a few months of back and forth negotiations (and research into the original deal and speaking to all of the involved parties), we ended up buying the entire lot from the broker and his son as well as the supply left with the company that originally wanted to launch the product. This totaled two semi truck loads! Given the circumstances, as you can image, we got a great deal on the albums. Both sellers took huge haircuts to cut their losses, stop paying warehouse rent, and get some cash during the cash flow tough recession. We picked them up in our truck making several trips back and forth. The warehouses did not have loading docks and many of the albums were in the basement. We spent countless hours carrying the albums out of the warehouse one case at time (over 50,000 cases) to our truck where we palleted them and stretch wrapped the pallets. From there they were transported the load to our warehouse and the palettes were lifted up onto racks in our warehouse. Our low price reflects that we got them cheap and that we have our warehouse now stuffed full of them. It also does reflect the fact that these albums are cheaper made than other brands (this could have been the reason the original deal never worked out and the line was never launched). However, for the price (about the price of a folder) there is no better album deal. While the $15-$20 other brand albums are better quality than these $5 albums, they are not 3X to 4X times better.
Regards,
Razi