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T206 "Magie" Error Prices
I know its an error card, but it is rare and from the most sought after set ever produced. Whats everyones thoughts on this card for a long term hold and value perspective? A nice lower grade just ended on ebay, prices seem to be rising pretty steadily on this card.
https://www.ebay.com/itm/33427383235...rdt=true&rt=nc |
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I agree that it is an excellent investment. It is clearly rarer than all but the Wagner/Doyle/Plank and a notch rarer than Demmitt/OHara. Hard to see it going down from these prices given the interest in T206’s that has exploded.
I have this SGC 4 i bought some years back. I see that PSA doesn’t even have a sale listed on anything over a 3.5 and that was 7 years ago. So condition is tough here too, so even a modest grade is desirable. |
I think it’s a great investment. It’s one of the “Big 4” of the greatest card-set ever made (not just sports). As long as t206 is a good investment, Magie will be a great investment. Personally, I think t206 is cardboard gold
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I'm apologizing in advance for the scan because I had to find one that I posted almost 15 years ago because I'm not on my computer. I believe it was early 2001, just out of school with a car payment and a mediocre at best job, a Magie showed up on Ebay and I was in the middle of collecting the T206 set. I showed the auction to my dad, who called me at work to say that he won the card for $1,775 and I could pay him back $1,500 and the rest would be a birthday present. I was both thrilled and wondering where I would get $1,500 from. I'd say it was a good purchase seeing what they go for now, but it sure did leave me broke for a little while.
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Psa 1....
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Pretty happy when I got this off the T206 buy sell boards on here in early 2020.
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Great card and actually like the look of it.
Plus it is a famous error card of a famous set. It makes a great investment |
OK, as everyone is on the same page, I will be the contrarian (a.k.a. self-designated sh*tkicker).
Who is going to care one whit about Sherry Magie in 20 years? Is the next generation of investment bankers and crypto millionaires going to go bonkers over him for some reason? Is he about to get the ESPN Final Dance treatment? |
For a lot of sets, I think that kind of logic applies. But I think T206 cards capture the imagination of collectors of all ages. I think even younger collectors understand the importance of the Wagner, and once they learn about the Wagner, they will get lured into the rest of the set. The Magie is needed for a complete set, and there will be collectors out there looking to complete the set (possibly up to Wagner and Doyle) for the rest of time. Given the very limited supply, I think it is unlikely this card will decline in value. It isn't like another 200-300 copies will just show up tomorrow.
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T206 Magie
Steve
I usually agree with you....but I cannot this time. I acquired my first MAGIE card in the 1980's. It cost me 600 for a Vg one. I sold it for 1500 in the mid 1990's. In 2006, I bought another MAGIE card for my PIEDMONT set. It cost me 4000 for a Vg one. Nowadays, MAGIE cards in similar condition are selling (direct sales or Auctions) for 10K, or more. TED Z T206 Reference . |
I know people who has multiple copies of Magie and Plank. Pretty sure there are people has multiple Wagner, Cobb back and possibly Doyle Nat'l. I don't see their prices would drop at all....
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Lol. Just trying to stir the pot as usual . . . .
Ted hope you are staying healthy and well. I believe you are in Jersey as am I. Seems like every other person I know right now (including my wife) has tested positive. Be safe out there as they said on Hill Street Blues. Quote:
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If any of you guys have a million dollars burning a hole in your pocket. . . . .
https://sports.ha.com/itm/baseball-c.../50008-50292.s |
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I'm originally a "Jersey Boy" (Phil Rizzuto was my nearby neighbor in Hillside, NJ). When I retired (over 20 years ago), I was smart enough to "go West young man"....and we crossed the Delaware River into Pennsylvania. It's a friendlier State, and taxes are considerably lower than Joisey. This part of Bucks County (PA) has had a low incidence of of Covid. In fact, the town just north of us has NONE. Take care, Steve. TED Z . |
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I think the one just ended on ebay was shilled a bit, but in the end it was priced likely appropriately. I agree with most that its a great card - a well-known error of the best-known old-timey set. The idea that its somewhat attainable (as opposed to wags/plank/doyle) make it a must have for me personally.....SO SELL ME ONE! :)
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It's easy to remember the T206 Wagner because of over 5 decades of hype. Yeah, I get it, it's Wagner. Who's Magee? Just my personal thought - this card has been hyped to the point where it's a must have card in the (arguably) most collected turn of the century tobacco card offering. If people with cash want it because it's so hyped, they'll pay the price. If I had unlimited resources, I'd probably own one. But since I don't, I'll spend my cash on stuff that I like. Sometimes it just turns into one of those "cardboard measuring contest" things. Just my opinion, as long as cardboard prices rise, this will also continue to rise. The more this becomes a deep pockets guy hobby, then you can rest assured that this card will probably rise in price faster than other cards in the set because of the hype. |
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Bat ears? lol
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[QUOTE=Fred;2183167]I'm not sure about trimmed, but perhaps a generous grade (8). The top corners are a little softer than the bottom corners but I don't see the bat ears at the corners that would be the tell tale sign of trimming. That said, it wouldn't surprise me if it was trimmed. Awesome centering and registration.
Fred, Based on your "bat ears" comments, would love to hear your opinion on these 2 cards. Trust me I already know the answer. :) |
Ewe... Just my humble opinion - without actually having it in hand to look at all angles it's tough to say. That said, the Paige has "that" look but would hate to make that judgement call on one picture.
I can't see anything wrong with the Phillip card because of the picture size and angle. Just curious, what grades do the cards have? |
Thank you.....
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The 1948s show "bat ears" a bunch and were graded by 3 companies (SGC, BVG and PSA) trying to play the "grading" game long ago. In over about 75 instances NONE were ever deemed altered. The Bowman Basketball averaged out at 8s across the collection. The Paige got a 1.5 due to the tape. My only point (no pun intended) was to show you a couple cards that came from original owners that had never seen the light of day and thankfully never have seen a blade other than the one at Bowman and Leaf back in 1948. I just feel that saying what you said about "bat ears" is a bit misleading and not true in all instances. Thanks for letting me rant! lol Peace, Mike |
There are three truly great sets at the heart of the pre-1980 hobby: T206, 1933 Goudey and 1952 Topps. They are all widely distributed and basically available (except for a few variations) and as a consequence are the most widely collected of all vintage sets. Given that circumstance, who Sherry Magee was as a player is far less important than who Sherry 'Magie' is in the T206 set. I'd say the desirability of the card is a pretty safe bet for the future. May not have explosive growth, but it isn't gonna go to zero unless way worse stuff happens than is likely.
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Magie
I think that a legit card of Magie is a great investment. T206 is such a well-known set to collect, that won't change in 20 years. Now that PSA 8 Magie might be a bit suspect. The upper right edge narrows a bit, like somebody shaved a little off the edge to make the corner look better perhaps. Hard to say but for that price you'd want to be sure.
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We should not be rewarding incompetence. The portrait card with 'Magee' should be the more expensive version, because everything is accurate on it.
Brian (card not mine, and I tossed my copy of Magie because I just couldn't tolerate its flawed nature) |
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Not to get too heavy . . . but 55 years old plus three decades for most men is, shall we say, officially the post colleting era? |
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I don't understand this thread. Magee is not a popular player, and yet the Magie card is a big card one hundred ten years after it was printed. If we haven't lost interest in the card in 110 years, what is going to be different in the next 20 years?
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While I believe it holds value, not sure of it as an investment piece. Most likely only T206 set collectors will be interested, so you have already limited part of the collecting market.
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There are also collectors that go for the "best" cards in a set, "best" being defined as the most expensive.
What could be interesting, if as some have hinted that the hobby has changed to being about commodity and not the cards.... In a graded case, the correct card is less common... So harder to find for a registry set going on just the numbers. ;) |
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And damm, that market for Louie Prima and Ernie Kovacs memorabilia is off the charts. Times change; tastes change. Amazing to me how little demand I see at auction for bands from the 1960s except a handful of them (Stones, Beatles, Who, Pink Floyd.) (And please spare my the obligatory retort about how your 9 year old son or nephew can't collect enough Elvis memorabilia. Seriously.) |
Steve, not sure what series you collect, but a T206 Magie, is not a Rocco Colavito Topps card. It's why I referenced Rafer Alston, Luis Gonzalez, and Steve Finley. They are about my age and played well for my hometown teams. They are not hofers or part of important sets, so as the years go by, I expect their value to remain stagnant.
Steve Finley is like Corey Hart (apologies to our Canadian neighbors). T206 Magie is like a first release Scott Joplin record. Baseball will have to go away from our culture before baseball cards become worthless, especially cards from the T206 series. |
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The Magie is a rare card. PSA has graded 135 total, SGC 79. Assuming a few crossovers in that total, and maybe a small handful buried away raw in cigar boxes somewhere waiting to be discovered, you are talking about a total of less than 250 copies of this card that exist in the world. There are more than 250 people out there who would want to own this card because they want a complete T206 set. If the value of the card goes down, it is likely because of other major things happening in the world causing the price of every non-essential good/service to go down |
Agreed....
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Been hearing about it all my collecting life since 1976 and now I proudly own one. (Thanks to a net54 seller). I feel lucky. It's not going down! If it does, I'll buy more! lol Mike |
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Obviously just my opinion and I'm wrong as much as the next guy. I thought Amazon at $35 was overpriced. |
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For sure- once all the people who grew up watching him play die off I think the card will lose a ton of cultural relevance. |
I would love to add a Magie to my Piedmont portrait run, there's only 250 of them, that makes the hunt fun. What do I care what it's worth when I die, that's my kids problem.
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Now now....
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I still remember that 1910 season where he won the batting title. My dad got so mad after buying me that season's pass when I promptly skipped all of 11th grade to see the games! To be fair I looked older than I was so I did not stand out. Lived at 2601 North Broad Street, Philadelphia PA so the park was a stone's throw away. Still get mail forwarded from that address inexplicably? Weird! I hope I'm not the only one left? Sherry toast to Mr. Magee......or is it Magie? Damn! :eek: |
To sort of address the question more seriously.
I've been into a bunch more hobbies, and have seen things work different ways. In most hobbies, there has been time when it had some degree of popularity. And "high prices" to go along with that popularity. For most hobbies, as the popularity fades, so do the prices. And along with that the availability of the better items also vanishes. I suspect there's a price level after which a hobby becomes a bit more stable. Portions of the hobby will see popularity surges and retreats, but the overall hobby will remain. Another big part of that is how easily people can cross over from one area of the hobby to another. Also, how old the hobby is. Glass telephone/telegraph insulators were "big" in the early 70's. The common stuff was sellable even in rough condition, and the good stuff just kept getting better. Now? The cheap common stuff is at 1970's pricing, but only if it's in great condition. The price is basically the nuisance cost of dragging a boxful to a place where someone might buy them. But the good ones have done pretty well, just nowhere near as well as cards. In bikes, at one time it was mostly about the 30's -50's balloon tire bikes. Schwinn Phantom, Bowden spacelander, and Evinrude. All became pretty expensive, but as the people who wanted them got theirs and some older collectors died out, there was less demand. Those bikes are still pricy, but not as crazy as they were (except maybe evinrude, I haven't even seen one in years) But early high end BMX stuff? That's been going crazy for a few years now. Same for the stuff I collect, or did until they became too expensive. But in a few years, both those areas will fade a bit. The crossover in both interest and knowledge is difficult. That's not really true for cards. Crossing over between modern/postwar/prewar is fairly easy. And the sport while it has changed is essentially the same sport. And there's a lot more money in the hobby, which surprisingly keeps things relatively stable. I think the Magie will be a "good" card for quite some time into the future. |
T206 "Magie" Error Prices
enjoy reading everyone opinions and insight. I was inclined to ask this question because when I look at VCP prices it appears prices on this card have not risen like some others or to the degree of other more popular mainstream cards, depending on the grade. Definitely a great key card to own, but maybe the fact that "Magee" is not a HOFer and it being an "error" card limits its upside potential or maybe its over-looked?
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Seems reasonable, though as I mentioned earlier, on the PSA pop charts, only 7 out of 112 are above a 4 vg-ex. So not many high end specimens exist and have traded. Many of the recent auctions are graded 1 to 3. Might need increasing prices of higher end specimens to pull up the lesser graded (and more numerous) ones more? |
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That’s an interesting point and makes a lot of since. I didn’t realize it was so rare in higher grades. Wonder how that compares to the plank for example? Sent from my iPhone using Tapatalk |
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There is a decent looking 3 in heritage, currently sitting at $24k. Let’s see how that shakes out. I bought my psa 3 over 5 years ago for just over $21k. I paid a record at the time bc it is a great looking example. If/when I ever go to sell it, I will absolutely make my money back and I almost certainly will make money. To me, that’s all I can really ask for in a card - minimal downside with real upside potential, and I think the Magie error fits that billing well
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There are a total of 214 Magie's graded between PSA and SGC (and likely less, because a few of those are probably crossovers) and 115 Planks. Of those, 15% of the Magies are either a 4 or higher, while 24% of the Planks are 4 or higher. 47% of the Magies are either an A, 1, 1.5 or 2, compared to 56% of the Planks. The most common grade for the Plank is an A (25 out of 115, or 22%) and the most common grade for the Magie is a 1 (64 out of 214, or 30%) |
I could use a bit of the vault of T206 knowledge that exists here. I hold a Bud Sharpe with 2 rr's marked as a variation by SGC. I also have the single r base card. If the double r was printed first and then corrected with the single r edition, wouldn't this be akin to what happened with the Magee card? The Sharpe double r hardly gets the same attention or prices that Magie fetches.
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I did indeed mean 2 pp's. I blame lack of a 2nd cup of coffee this morning and not senility. Thanks for bringing it to my attention.
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An SGC 1 Magie just hit ebay with an opening bid of $5000, fwiw
https://www.ebay.com/itm/334297423875 |
The market has been trending more and more to blue chip cards so the question of whether error cards will be as valued in the future is a good one. It seems to me that collecting error cards and other variations really took off in the junk wax era so it is fairly recent and could be something of a fad.
To me the idea of paying more for a Spiezio Partial IEZ Missing than for a Mays or Mantle is a little weird. I could definitely see the market values 20 years out for those kind of gimmicky cards lagging compared to the bonafide star cards. Sent from my SM-G955U using Tapatalk |
I'm with Ryan on this one. We are talking about a legendary card in the pre-eminent prewar set. It will always have an audience as long as people collect T206s. Same is true for that undistinguished pitcher briefly depicted with the wrong NY team, that two-team guy, those Polar Bear brand guys with the team variations, and so on. If you know the names of the players I am talking about you prove my point.
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The biggest reason, in my opinion, this will hold its value is that it's still within reach of many collectors. When I started out collecting T206s I knew the Wagner would be out of reach. I didnt however think the same about Plank it's expensive but let's say 40k is doable if I chose to spend that much. I think many feel the same way and feel the same about the Magie..."Hey 15k is doable". Now that Plank might be 80k but Magie can still be had for say 12k in say an SGC 1. The number of people that can afford and are willing to pay that kind of number is large enough to support increasing prices.
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The PSA 3 in Heritage is now up to $26,400, including Buyer' Premium ("BP"), with 5+ days to go.
I bought mine (see below) for $21,500 in late 2016. At the time, that was a record price for that card in that grade, but I felt it was well worth it given the eye appeal. The two most recent sales have been $21,600 in 2021 (over graded) and $23,655 in 2020 (great looking). Prior to that, the only two PSA 3 sales on VCP after mine went for $18k and $18.6k, both in 2019 and both (I feel) are materially inferior to mine. The $18.6k sale in 2019 is the exact same card now sitting at $26.4k in Heritage. Thus value of the Heritage 3 has gone up, so far, $7,800, which (so far) is a 42% increase in 2.5 years. I would argue that that mine is worth at least 10% more than the one in Heritage, which means mine would be worth $29,040, so far. Again, I bought mine in late 2016 for $21,500, which means I am sitting on $7,450 of gain (35%). Granted, that is over 5+ years, but not bad at all considering, at least in my mind, the odds of losing money was minimal. AND, the current Heritage auction is not over and mine could bring more than a 10% premium. Granted, this is one example at one point in time, but I think it supports the argument that the most famous error in baseball cards, which derives from the greatest and most famous baseball card set of all time, is a very solid, risk-adjusted investment Buy with confidence |
Beautiful Magie Ryan, worth every penny you paid.
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Also great looking card. Someday I may look at getting one. I had a few opportunities over last few years but I passed because it was not part of my collection focus. Part of me regrets it because it is a nice looking card and in demand |
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1. i think its a good investment 2. should the Shappe error be higher? |
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Considering Goldin sold a 2013 Spiderman for $132k and a Serena Willliams for $55k, i think Magie is considerably cheap! Are those prices even real?
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in a new SGC holder -graded 1.5 earlier this month. It was a really nice looking specimen and i was tempted at the time. I couldnt tell ya how many times i looked at it and zoom on it. Sold for 14,750 Great card but radther have a Plank instead. ;) |
A PSA 2 with paper loss on the eye sold in PWCC last night for $19.2k ($16k before BP). That is a very healthy price, especially considering the facial paper loss. This confirms the value of a very pretty Magie PSA 2 that sold for $20.4k in May of 2021. $20k for a PSA 2 is very strong compared to historic.
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Here is my Magie Authentic, might have overpaid a bit at 17K last year but it has some nice eye appeal.
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I agree, I looked at it multiples times as well. It was a nice SGC and $14750 seemed like a pretty good price at the time. Now its looking even better. Will be interesting to see where the SGC 1 ends up. Sent from my iPhone using Tapatalk |
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Agree, it almost looks like a tiny ball of paper/debris stuck to the surface. If that’s the case it could be broken out of the holder and possibly wiped off which would dramatically improve the eye appeal of that one. Maybe that’s what the higher bidders were thinking as well? Sent from my iPhone using Tapatalk |
Sold 11,302.88 SGC 1
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Don't forget Lelands has a Magie + Plank + rest of the set in their auction right now. Just buy the lot and keep the Magie... LOL
In fact, i would be interested in knowing the reserve. Probably half $Mil. |
Heritage PSA 3 ended at $37,200. Strong price
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same seller that was selling the SGC 1 has now listed an SGC 2
https://www.ebay.com/itm/334313661408 |
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