View Full Version : $3,000.00 plus for a Cracker Jack on ebay?
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05-02-2005, 11:15 PM
Posted By: <b>Bob Marquette</b><p>Good Lord, prepare for the deluge. It was a PSA 8 Jennings. Very nice card but neither rare nor spectacular.
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05-02-2005, 11:36 PM
Posted By: <b>steve k</b><p>I've been seeing this a lot lately in a variety of cards. When majoring in finance at Penn State, I had courses in business cycles and of course one of the first things we studied was the famous tulip boom-bust cycle back in 17th century Holland. Usually wild upswings in a given market is a sign that market is about to crash. Of course one thing I learned in years of stock market trading, etc., is that it is impossible to predict exactly when - but for sure the wild upswings don't last forever.
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05-03-2005, 07:37 AM
Posted By: <b>Anonymous</b><p>The Jennings went for $3,033, $33 over SMR. Does that define wild upswings or an item that one grossly overpaid for? I would agree if it went for $4,500 or so.
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05-03-2005, 10:39 AM
Posted By: <b>Rhett Yeakley</b><p>So, by your reasoning then because the holy SMR states that the "price" of a CJ Jennings is $3000 and it went for about that, then it CAN'T mean that it went really high--because the holy SMR said it was so!?! I didn't see the card but I assume it was a 1915, if it was then that is a very high price--regardless of what the almighty SMR says.<br />-Rhett
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05-03-2005, 11:43 AM
Posted By: <b>Bob Marquette</b><p>not a rarer and usually caramel stained 1914. I agree with Rhett, the God Almighty SMR becomes a self-fulfilling prophesy. When an SMR increases, the blindly following investment driven sorts feel the card couldn't be overpriced because the SMR said it is not, and bid accordingly. I would not want to be the owner of this card and have to turn around and sell it at a later date for a profit, if that were the intent....
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05-03-2005, 12:00 PM
Posted By: <b>Hal Lewis</b><p>The SMR is actually BEHIND the auctions as best I can tell. Their prices for vintage stuff is LOWER than what it sells for every time I see it come up.<br /><br />And... I can state for a fact that there are several Pre-1970 sets that have NOT changed price in the SMR for several years. So I don't think the SMR is automatically raising prices willy-nilly just to drive up the value of cards.<br /><br />I just think that people are buying the vintage stuff more and more because it is RARE and because grading companies and the internet have made it easy to do.
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05-03-2005, 12:08 PM
Posted By: <b>craig</b><p>The cj Jenningd in Mastro (4/05) sold for about $2300<br />The two high bidders look to be newbies with low feedback.<br />Still I don't think 3k is totally outrageous. Larry Mayer who buys for resale had a bid over 2500 in.