CJ 1915 prices taking off -- why?

[GregMitch34]

Real surge lately at least for grades 6 and up, and mainly PSA...Just the usual couple guys in bidding war maybe for registry status, or something more? Last year, with CJ 14 prices surging, there was a theory that this would spark CJ 15 prices. But CJ 14 cooled but only now are CJ 15 soaring. I know these things come and go but anything I've missed?

[1952boyntoncollector]

Originally Posted by GregMitch34

Real surge lately at least for grades 6 and up, and mainly PSA...Just the usual couple guys in bidding war maybe for registry status, or something more? Last year, with CJ 14 prices surging, there was a theory that this would spark CJ 15 prices. But CJ 14 cooled but only now are CJ 15 soaring. I know these things come and go but anything I've missed?

well again psa dominates sgc, even prewar...i think you hit the nail on the head about being high grade and registry sets... so the surge is for high grade cards...

[pokerplyr80]

Big money seems to be flowing into high end, high grade cards. I don't think it's unique to 15 CJs, but I haven't been following them. The cards I do follow have all been going up and VCP records seem to be broken with each auction.

[Iron Horse]

From what i see what isn't surging???????

[GregMitch34]

What other sets in particular are surging, and if so, only high grade or mid- and low- also?

[pokerplyr80]

Originally Posted by GregMitch34

What other sets in particular are surging, and if so, only high grade or mid- and low- also?

I don't know if any entire sets are surging, but I've noticed the high grade t206s, 52 topps (especially psa 8), any high grade mantles, big name rookies going up considerably. These are the auctions I keep an eye on and bid on occasionally.

As Ruben mentioned the centering premium appears to be increasing as well on these cards even if it hasn't been a factor in the surge in 15 CJs .

I agree with Jake most lower grade stuff, except for a few key cards, have remained relatively flat.

[ls7plus]

The hobby is just growing, and growing ever faster due to the internet--even the rarest of items will eventually appear there or in an auction if you look long enough, in contrast to the '90's, when oftentimes finding a rare card you were seeking meant going to an enormous number of shows, or happening upon one in SCD and calling to reserve it before someone else did! Part of that growth is attracting the big bucks guys--I'm afraid we will be following the same path as coins, where it appears that several of the choicest items have fetched $10 million plus in the last couple of years. Stay on the cutting edge in forging a collection that will see great appreciation in value, rather than on the trailing edge, where you've got to have a huge bank account to compete!

Happy collecting,

Larry

[mechanicalman]

Originally Posted by Iron Horse

From what i see what isn't surging???????

Ruben, I can say unequivocally that 1939-46 Exhibit Gehringer's ARE NOT surging.
http://m.ebay.com/itm/1939-46-Charli...763?nav=SEARCH

Pretty sure that's it, unfortunately (for buyers.)

[1952boyntoncollector]

Originally Posted by Iron Horse

From what i see what isn't surging???????

low end to mid grade of about 98% of the cards out there arent surging

[Iron Horse]

I guess i should clarify that HOF/Popular ones in mid to high grade that are well centered and good eye appeal are bringing 30-40% premiums. In the past almost year at least the cards i like to buy have almost become out of reach in grades 7.
Only when i go to sell mine i don't get the premium lol

Enjoy

[GregMitch34]

On those CJ 15s lately, I have seen plenty with crappy centering still "set records." For example, the Tinker SGC 80 last night, but also last week a bunch of PSA 7s and 6s and 6.5s.....

[GregMitch34]

A lot of 1915 CJs PSA 8s in coming AH biggies, so will be interesting to see if trend continues......

[Pilot172000]

From what I have seen the last few years with prices of all alternative investment products, there is a quasi-set order in which these products rise in value. In pre-war ball cards and other valuable sets we all know there is a finite amount of investment grade cards. If one set dries up, then the market will turn to the next set. I have watched T206, 1952 Topps, 1933 Goudey etc.. and there seems to be a pattern at which they have all attracted not just collectors but investment buyers. Cracker Jack cards fall into that category as well. In my humble opinion it was only a matter of time before the 1915 CJ cards took off. The same can be said for 1934 Goudey and T205 cards.

The trick as an investor is to treat it like real estate. You have to buy short and hedge on the fact that whatever is hot now will cool and your bought area will take off. The risk is: 1 How long before the movement? (Time is money) 2. Will the market move in your direction? 3. Will the market completely cool and you be left with property in a bad market? 4. It is a bubble and the cost of getting in to high? Even with all those risks, playing the Collectors market is far more fun than property or the stock market. Property is subject or fluctuations in taxation that can't be predicted over a long term. The stock market may not have tax issues like property, but its own risks warrant an entire library of books to property describe. In the collectors market you can simply put your assets in a box and forget about them for 25 years if you want


With that being said, anything is better than sticking your cash in the bank and collecting 1.5%.

Sorry for the long post.

[GregMitch34]

Good test of trend increasing, or leveling, tonight in massive auction of PSA 8s (and 8.5s) at Memory Lane....Stay tuned...Prices for many already above where they were not long ago but who knows, they may stay right there...

[ErikV]

Greg, this definitely puts a hole in you theory. Maybe it was just an anomaly,
but a 1915 Cracker Jack set just sold for a rather low $26K. Not sure how to
explain this one...

https://goldinauctions.com/mobile/lo...id=20044&seo=1

[jbl79]

Originally Posted by ErikV

Greg, this definitely puts a hole in you theory. Maybe it was just an anomaly,
but a 1915 Cracker Jack set just sold for a rather low $26K. Not sure how to
explain this one...

https://goldinauctions.com/mobile/lo...id=20044&seo=1

I'm thinking the Goldin Auction was an anomaly. All the cards have back damage which kept the price down. The cards that were graded were all SGC 10 or Authentic.