Quote:
Originally Posted by ullmandds
I'm not sure I understand the comparison to Cracker Jack...or the below logic?
"If the 1915 Cracker Jacks are a good gauge for what they could be worth, then you have to think that the T206 Cobb varieties have good room to run."
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I agree - that was poorly written. I am using a relative value approach.
If this Black Swamp Find had just a single E98 Ty Cobb that graded PSA 9, it would probably be worth >$200,000. In this case, this magnificent find produced a mind boggling 16 copies earning a PSA 9 grade. On the one hand, you have one of the earliest and rarest (until now) and finest examples of a Ty Cobb. On the other hand, there are now 16 of these beauties, not just one or two.
Can the market absorb 16 of these cards? I think so. As a comparison, I looked at the 1915 Cracker Jack set, where PSA has graded 8 Ty Cobb cards in PSA 8, 2 in PSA 8.5 and 1 in PSA 9. Despite having a population of 8 copies in PSA 8, this Cobb should be able to command $20,000 to $25,000 if offered for sale (SMR value = $23,000).
So given the significant of the E98 card, and its pristine condition, my bet would be that Heritage could release these cards into the market at $25,000. However, the upside to this card is clearly capped, at what level, I don't know.