Not sure if this item will post with how much more complicated it has become to post EBAY links so the item number is 401648000866.
https://www.ebay.com/itm/1986-Fleer-...p2047675.l2557
This PSA 9 Jordan went for $6,800 with the PWCC PQ sticker on it. What makes this situation even more difficult is how do you determine the value of the card that is being used as collateral. The range on EBAY for the Jordan PSA 9 is $3,350 all the way up to the one I posted above at $6,800. From peak to trough that is a 50.7% decline and from the bottom to the top a 103% increase just in the same grade. With so much focus on eye appeal these days and cards selling for such a variance in the same grade and in some cases more in lower grades how do you reasonably value the collateral? A bank would probably use the low number as they would want the risk to be as little as possible. How do you tell the guy that just ponied up over two times the lowest price for the PWCC PQ that he can only get $1,675 of margin or 24.6% of his purchase price and keep him happy? There are so many fake sales on EBAY so how do you determine what is real or fake? Just the other day a card was posted on CU of an Aaron Judge Heritage red auto that sold for nearly three times the prior sale and from a very questionable dealer. There is so much room for fraud and mismanagement with this issue. Think back to when the Mantle 8 went for $660,000 and then a sale at the all star game went for $282,000. Does this trigger a margin call with a decline of 57.2%? This is a situation that really needs a lot of thought and caution.