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Posted By: Jay Miller

Kevin--That is exactly why vintage collectibles are so difficult to price--they are not commodities. Commodities imply a certain uniformity. That is why commodities can trade on exchanges---there is fungibility. Different Old Judge cards have both different rarity and different condition. How much is a spotted tie of Brady worth relative to a pose of California Brown? How do you set that differential? You can say the market will do it but there are not enough transactions to determine a "market". At the end of the day it just seems like some old horse tradin.