When I was a kid I used to hound my old man about buying the inverted Jenny airmail stamp. (You may know what it is, US airmail stamp with airplane upside down.) In 1971 some lunatic bought a plate block (4) of them for $150,000. At the time it was considered sheer insanity. There were headlines in the paper about the craziness of it. Today it's probably worth north of 5 million. During the same period of time thousands of US stamps that are hoarded away by folks have stayed flat or gone down in value. I am sure the same thing is true with baseball cards.
It's not about overpaying. It's about paying more than anyone else for something that is a genuine scarcity and having the vision that demand for it will grow over time.
Last edited by Snapolit1; 01-07-2018 at 04:48 PM.
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