Quote:
Originally Posted by Dpeck100
Have you not seen the price differential between a 1986 Fleer Michael Jordan in a PSA 8, PSA 9 and PSA 10?
Seems like it would be pretty easy to understand why people spend the money to get a card graded. This isn't rocket science.
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Go crack out that same PSA 10 Jordan RC and try to sell it raw. Do you think it would sell for near the price it would as if it were still graded a 10? No way! Same card, nothing changed with the card itself. Now go have the card re-graded, but let's say it comes back a 9 this time. Does it have more value than it did when it was raw? Sure. Does it have the same value it did when it was a 10? No. Once again, same card, nothing's changed.
So where is the value? Is it in the card or in the slab/flip? This isn't rocket science.
The only difference is it now has someone else's
opinion assigned to it. So did grading the card add value to it, or did it add
perceived value to it? If the card changes value based on the flip, then it's only perceived value. There's a difference. As someone in the financial industry, you do understand that, right? This is a hobby where many are building their collections strictly on perceived value. What happens to perceived value over time? I think even a first grader can figure that one out.
I'll build my collection on real value. You build your collection on perceived value. How about that?