Quote:
Originally Posted by ctownboy
The problem I see with the modern stuff, especially the manufactured rarity of some cards, is that the people collecting it today and spending big bucks on it probably weren't around and collecting in the early 1990's. Buying shiny stuff back then (while looking for chase and insert cards) was an obsession with some people and the big companies took advantage of it and overproduces the product. When the air went out of the bubble MANY people were left holding either worthless cards or cards that were valued WAAAAY less than what people had paid for them. This upset a LOT of people and those people left the hobby because of it. Also, some of the big companies went out of business.
Meanwhile, the older cards may have hit some bumps along the way but they continued to hold their value pretty well and the people collecting them didn't get burned and lose interest in collecting them.
It seems the new shiny stuff hasn't had it's bubble burst yet and the people collecting it hasn't felt the sting of holding cards with vanishing profits.....
David
|
Different type of hobby. Most modern collectors are into short-term flipping rather than long-term collecting.