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Dealers' Pricing at the National
It's no secret that 50's and 60's vintage HOF card prices have slipped over the past year or so, even some big stars like Koufax and Aaron. It makes me wonder if dealers' pricing at the National will be realistic, or in many cases still inflated. Dean's Cards springs to mind. If nothing else it should give serious buyers more purchasing power to strike deals with case owners.
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We can always dream!
Retail always seems to mean the price is a bit more than you might pay at auction. The trade-off is that you don’t have to deal with the hassle of an auction, and the possibility that it might go even higher. For the seller, they get to skip the uncertainty of the process and lock in a price that’s good enough while potentially giving up some upside if it goes into a complete bidding war at auction. My guess is that your best bet to get a deal on major stars is going to be on lower graded stuff. Once you get into the higher grades, especially for the earlier issues for the major postwar stars, it’s hard to imagine that a dealer will be willing to come down by very much. Maybe a little, but getting a serious deal seems unlikely. |
Same as every big show. Most prices will be stupid high. Lots of things will have no price. Lots of people will explain what they "are into something" like that matters.
I'm not unsympathetic. Costs money to travel round and thank god people do it. But prices are laregely crazy on really desirable stuff. If the card is worth $3500 you can bet it will be marked at $10,000 or higher. Look at eBay. Almost none of the prices for vintage cards or memorabilia have moved off stupid Covid highs. Expect more of the same. |
One aspect to point out, as I tend to do, is that unless you live without easy driving distance of the NSCC and don't have to pony up for Hotel Rooms and usually more expensive food, you have a minimum of 3K out of your pocket before you even sell a card.
That number is a hard number to match and certainly makes it harder to make your expenses than at a local card show which costs you a few hours and $50 for a table Of course there are deals at the NSCC but you just have to dig a bit Rich |
Prices on the good stuff are going to be as high as ever. You will hear I don’t need to sell, it will go up again even more in the long run. If I don’t get my number I’ll be fine...dealers have the upper hand on the good stuff. They will hold or give to REA , Goldin, Heritage, and get insane numbers as always, the auction houses keep things in motion. Ok sure th Mediocre stuff and less there will be deals to be had. Just don’t get high hopes thinking you will get the real good stuff reasonable that won’t happen.
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With that seller logic let me know when you are set up at your local show your prices should be a lot cheaper.😀 Rick |
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I love when the dealers say, "Let me see what I have into it". Oh hell yeah. Attachment 574956
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[QUOTE=Rich Klein;2346617]One aspect to point out, as I tend to do, is that unless you live without easy driving distance of the NSCC and don't have to pony up for Hotel Rooms and usually more expensive food, you have a minimum of 3K out of your pocket before you even sell a card.
That number is a hard number to match and certainly makes it harder to make your expenses than at a local card show which costs you a few hours and $50 for a table Of course there are deals at the NSCC but you just have to dig a bit Rich[/QUOTE Rich, GREAT point......before you make "deals" you have to recoup your expenses |
Higher grades 1950s (7 and above) don't seem to have come down much if any at all. So I would suspect at a show, like most shows including militaria and collectible firearms shows, prices will be through the roof. The best deals are traded between dealers during setup. There will always be a couple hidden gems, but they take searching and a keen eye to find. I have always found the best deals from the guy walking around trying to sell to dealers who have all lowballed him. Go a little higher than the best he was offered and you will have made a great deal.
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Last years National I bought a few oddball items and was thrilled to get them. Didn’t fight dealers over price. Was happy to support someone filling a table. For a real high end item couldn’t see buying it at a show. Seems very unlikely.
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I've never been but if you're hunting the rare stuff it's a good chance you might find it there, I've had board members kind enough to find some significant cards for me at the National. At that point it's a different level, like a guy with a trench coat saying "Pssst.. need any D304's?", "Texas Tommy's?, I have some back at the hotel, follow me.." "Cash only and you don't know my name". - |
My experience at the last 5 Nationals I attended: Overpriced, overpriced. No deals to be found. Auction houses had the best material, but it was all stuff we've seen auctioned off in the past, sometimes many times over. A complete waste of time and expenses. Unless I know there's a deal in place whereupon a large stack of $100 bills will be coming my way, I'll never attend another National (and even so, I'd be in and out of the show as quickly as possible).
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If anyone thinks they are getting a deal at the National, I have a bridge in Brooklyn to sell to you :D
Seriously, I believe most dealers don’t need to sell these days. They can sit and hold or sell on another platform. Totally different than the old days. |
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prices at the National
I have attended somewhere in the neighborhood of a dozen Nationals. It's
been my experience that it's easy to find the "my cards are magically more valuable than everyone else's of the same grade" dealers. However, the notion that good deals are "impossible" to find or that "dealers always have the upper hand" (??!!) hasn't been the case. So long as we are talking about vintage or older and not new releases- which are a monstrosity I don't even consider- I've found you can "comparison shop" effectively with a small amount of organization. Be thorough, take notes on cards you want and their cost/booth number. Most importantly, size up the guy on the other side of the table. It's easy to thumb your nose at the guy who says "All prices are firm", because others are likely to have what he's got while still remembering the spirit of the word "market". There consistently have been good finds if you are willing to log the miles on your shoes. Trent King |
“I’m into it for more than that”. In the vernacular of Gen Z, that’s a “you” problem, not a “me” problem. The fact that you made a bad investment is not pertinent to what the card is worth here, now, today. If you are selling a card, you must recognize the market price at that point, sell it and take your financial lumps. Otherwise, you are in the card display business.
“I would lose money on this card.” The fact that I would lose money on one card is not a good metric for whether to make a deal. The proper consideration is whether it is dead inventory. If I have held a card for some time and it is not moving and not growing in price, I dump it and get my money working again. |
I read these comments and I came to this conclusion. True, raw vintage has slowed down because there is a lot of it around. However, graded vintage in 8's and higher sell for much more because of the lower pop. They have gone up higher in price. On tobacco cards, it's grades 5 and higher. I've only done a half a dozen Nationals, but as mostly a tobacco cards seller, I tell new customers not to buy from the first day. I tell them to write my booth number down and walk around the rest of the day. Come back the next day and then we do business. The most common line that a customer says at at the National is "Can you do better?" Most dealers try to acknowledge the customer. A few may say that sales are firm. I send very few cards to auction houses. I like selling rare and high grade cards at the National. It makes my booth much more special. I wish all customers the best at the National and success to all the dealers. Hopefully this National will break all attendance records.
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In hindsight I made a few collossal blunders at past Nationals. Some guy wanted $6000 for a 1932 US Caramel Gehrig. PSA 6. Wouldn't take plastic and I wasn't heading out into Chicago to round up 60 $100 bills. No ATM in the world will give you that much cash, so I would have likely had to go into town and found a Chase bank somewhere that was open. A ridiculous hassle, but looking at the price of that card today maybe I should have figured it out.
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Last National, as the convention went on, I was able to get reasonable prices on a couple of different Mantle's that I purchased. I think if there's a will there's a way, it just requires a lot of searching and negotiating. I was walking an easy 15K steps a day at the convention center alone just moving around.
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It seems like in most negotiations, there’s the reason provided, and then there’s the real reason. This one feels more like the reason provided to me. But I suppose for some people it could actually be their line of reasoning, particularly if they’ve heard it said enough times by others, and they decide it’s their actual reason… |
Re: Dealers' Pricing at the National
I always get a hearty chuckle out of these threads. This will be my 16th consecutive National; all as a dealer. I think I can count on the thumbs of one hand the number of colleagues who said they were disappointed in their sales. So despite those "exorbitantly high prices", dealers have sufficient sales to make their time, effort and expense worth it.
I think there's an important distinction being overlooked here. If you're looking for a 1965 Mantle in PSA 7 or better, you'll find several dozen to choose from in Chicago. It's not a rare card. By all means ridicule the dealer whose price is double that of the dealer two rows over and won't negotiate. If you're considering a G&B, Old Judge cabinet, E107 HOFer, E271:), T214, etc... and are using ten year old VCP data, then you're sure to be disappointed and may be inclined to bemoan those money-grubbing dealers asking such ridiculous prices. Rare cards can't simply be replaced in the next big auction. Be prepared to pay a premium for them. |
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Absolute rarity is wonderful. When you have a truly rare item, you can set the price and hold out to get it. I've had buyers try everything they could think of, from inapposite comps to appeals to sentiment, to get a rare card from me. Nope. That is the beauty of owing a rare item: my way or the highway. On the other hand, trying to figure out a price for an absolutely rare card is very challenging and there is a lot of FOMO on both sides when one comes up for sale. No one in the transaction knows for sure if they are making a good deal because there is no market record to speak of. That is also the fun of it: the buyer gets something wonderful and the seller gets a price that makes him happy. So yeah, if you are chasing a card with a few known examples, if you find one at all, you are not gonna find it on discount at any show. I've never once regretted stepping up and buying a rare item at the National; I've very much regretted passing on some of them (damn you to hell, Eddie Collins decal mini-bat!). Ditto selling them. The stuff I wish I still had...Ugh. I am gonna write a column of big fish story regrets. Maybe I will call it "rare cards that were in my hands and I sold them because I am an idiot." |
Dealer Pricing at the National
Prices being asked post-Covid on this forum are at times, for me at least, evocative of National asking prices. Nothing wrong with that as maybe I just haven't gotten over the sticker shock.
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The other aspect I always say (and I will stress this usually does not apply to me as I'm a lower end guy nowadays). If you are looking for what we call in the hobby the "White Whale" and you see said item at a vendor table at the NSCC and you know the price is reasonable -- just buy said item if you can. I can't tell you how many times I heard the story, well I knew it was what I wanted and it was a good deal and I did not pull the trigger. And sure enough. an hour later you went back to the table and someone else bought said item
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I'm looking for a few key stars for some of the sets I'm completing, and if I'm successful at getting a couple of them, even in the condition I want so that they are matched condition-wise with the rest of the cards in my near-sets, I know I will overpay. But, at least I'll be able to handle the cards and see any potential issues that I may not be able to see in an enlarged image of cards posted online by an auction house. And I'll be able to compare probably 10 different cards in that grade at various dealers at the show.
But I don't think the majority of my purchases will be impacted badly from price inflation because I still have quite a few commons to purchase, and commons in VG-Ex condition had been going for reasonable prices when I last attended a National 2 years ago. That goes for the more obscure issues (I'm working on my 1962 Salada baseball set). I don't anticipate prices will be jacked up too considerably this year either. Well, at least I'm hoping that's the case! |
National pricing has usually been "ahead of the curve". Something to be said for an In person, immediate transaction over ebay.
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Dealers' Pricing at the National
I’m going to start telling my clients what my expenses are. Curious to how they will react
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Dealers who had booths last year got shut out this year, so apparently someone is selling something to someone at a good enough rate that others want in on the action and can't get it. I will also say if I had been shopping last year at AC I found literally dozens of items that were priced reasonable. I like odd things so maybe that was part of it, but I like OLD odd things and there were definitely reasonable prices on stuff I thought was cool. |
The best deals are not at the national. They are in the few weeks before the national from those going to it. Attendees, seeking to raise capital to purchase their white whales at the national, usually are more willing to move existing cards and negotiate. My haul will come from them; not the overpriced national.
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An article from SCD, November 1979. :)
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I have found the national to be a great place to go to reconnect and make friends, a bad place to buy cards. The only real buys I have gotten were when I took the time to dig through massive quarter bins, but that's really not what you go to the National for. TBH, I haven't found all that much luck looking for the obscure things on my checklist either. I have been looking for a Jacksonville Jaguars team issue of Chris Parker for years without a sniff of luck.
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Those who say that the hobby used to not be about money/flipping/investment are not telling the full story. I started collecting in 1982 and everyone had price guides, trades only happened if the values were relatively equal, everyone opened boxes looking for the rookies and chucked the commons, and price was a (if not) the primary consideration behind what someone bought or sold. While much has changed in the “hobby”, it’s still largely the same. |
Exactly. :). Even hobby publications in the 1960s regularly commented on rapid price appreciation.
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Rare stuff will be priced high as it should be. It’s on the buyer and seller to work out something both are happy with, but it benefits both when there’s a starting price, even if it’s high.
Less rare stuff that is in demand will be all over the place, like every show. |
Old vintage has been overpriced for a while now. Last year I only walked away with one card at the national because of the prices.
That being said, you can find good deals. I did find an Old Judge Hugh Duffy at a good price. Its faded and in an old SCG slab, but still a great card non the less. My advice would be to walk around and hit every table. Have a notebook and write down the cards that catch your eye and the price. After you did a walk of the floor, sit down somewhere and see what cards in your notebook seem to have the best deal. Also, if you can wait, Sunday prices are more reasonable. |
Oh , This.
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If you think you are going to find a T206 Green Border Cobb in a PSA 5 for a bargain price, then you are going to the wrong place. However, deals will be had all over the room from the first row to the last on cards, autographs, and memorabilia. You just have to look, ask for pricing, and negotiate. |
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For me, there are always more cards to buy at the National than I usually have money. If you have the time and intestinal fortitude to look for them deals are always there. It can be a grind though and you need to have a pretty wide area of expertise. If you are extremely focused on a specialized collection then you will likely come away with very little. In other words…Tons of bargains to be had if you look around and know what things typically sell for…if you are looking for T206 in grades 4 to 4.5 with yellow backgrounds of American League players in PSA holders from even # aisles… you may have a problem! 🤣 Our perspective shapes our reality. |
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For me, there are always more cards to buy at the National than I usually have money. If you have the time and intestinal fortitude to look for them deals are always there. It can be a grind though and you need to have a pretty wide area of expertise. If you are extremely focused on a specialized collection then you will likely come away with very little. In other words…Tons of bargains to be had if you look around and know what things typically sell for…if you are looking for T206 in grades 4 to 4.5 with yellow backgrounds of American League players in PSA holders from even # aisles… you may have a problem! 🤣 Our perspective shapes our reality. |
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Having worked both sides of the aisle at the Nat'l, I would only offer 2 nuggets:
1. When buying something special, the fatal line is, "Is that the best you can do?". Instead throw up a number less than what you might eventually be willing to pay. The dealer might then knock something off and then the true negotiating begins and who knows you might get the card. 2. This is just a personal dislike. I can hardly be polite when a card bro slithers around, opens his shinny card briefcase, drops a PSA 10 Zion Williams card, 1 of 25, jockstrap swatch and says something to effect that he could let me have it for the "distressed" price of $90,000. Of course, he hasn't even looked once at my cases that are nothing but pre-War and vintage. Short discussion. |
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Part of what I love about net54 is that it's is own bubble and completely sheltered from the non-vintage hobby, but concurrently expects the pricing of 5 years ago.
Do buyers ever think about where an item is sourced from? If not from private collection buys--which are more infrequent now more than ever--it's from online, or more specifically, an auction house. Modern cards sell below comps because people fundamentally do not want them. It's all buying and selling and it's commonly accepted that there will always be someone selling the same card cheaper. This is simply not the case for most vintage, especially examples that scarcely come to market. It's all on perspective. I agree most vintage "dealers" are way more out of touch, but ultimately the remark of "what I'm into it for" stands true. They're the one sourcing absolutely everything, and on items where they have the leverage to sell high, they're going to maximize their dollar both out of their own self interest and that it cost them a pretty penny in the first place (nobody is selling Mantle's at 85% of their going rate). If a dealer is paying top dollar at an auction house, why should you be entitled to it for less? By that same token, net54 forum readers are some of the most passionate about vintage and collecting and general, and are often putting in the same amount of time digging for deals as "dealers." The ultimate buyers are people who invest less time in digging for deals themselves and are willing to get access for a high end card actually available for sale, even if its at a god forbid 10-15% premium. |
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My take: Many older customers especially those just getting into or back into the hobby need their mom or the ghost of their mom to snap them back to reality. |
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been flying a lot lately. Behavior and sense of entitlement on flights is absolutely insane. Rules apparently don't apply to almost anyone.
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1 dealers perspective
I am really bothered by some of the gross generalizations that have been made in this thread. While in my experience - I understand there are some dealers that do business in a way that perpetuates some of the perceptions expressed in this thread- there are quite a few fair and reasonable dealers that conduct business with integrity.
Do auction houses get thrown under the bus for taking anywhere between 15 and 30+% of a consignment - even for the 90+% of items that DON'T sell for the "RECORD PRICES" they like to advertise? But dealers are called "lowballers" for offering the same 70-85% of fair market? If you owned a premium example or rare card, would you be willing to sell it to anyone under market or would you be trying to get top dollar for it? Why is the expectation of a dealer any different? Dealers have been part (Collectors being the other) of the backbone of this hobby for years. I am told by others I have a reputation for fair pricing - I'm not giving stuff away, but I'm also not 2X last recent sale of a comparable card. You want "deals" come to my booth (1034) and let's talk about the stuff that is readily available - I think you will be quite happy with the "deal". I have dealers regularly coming over and purchasing from me, so they must think I have "good deals"! You want to buy the 2nd highest graded of 4 known examples of a complete 1968 Roberto Clemente bazooka box (or similar items - a number of which I will be offering)? Sorry, not going to be much "dealing" on that one. That said, you will likely be extremely excited at the opportunity to acquire such a rare item - even if you had to pay up for it! You want to stop by and just talk baseball cards - come on by - I love sharing my passion for the hobby with others! I will also be buying. trading and accepting select private consignments (NOT an auction - more price control and commissions as low as 7.5%) at the show. Contacting me in advance to set up an appointment or begin a discussion of what you have is recommended, if last year was any indication, I expect it to be an insanely busy show. Howard Chasser A Few of My Favorite Things |
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I am not a dealer. But this is America, and dealers have the right to do whatever they like with their cards and pricing. Although it is in their best interest to be responsive and polite. If you don't like the price, talk to them nicely, politely ask if they would sell for "X", and if not, then move on. There is so much product to spend your money on, don't get caught up on any one particular card. And obviously if you are looking for a rare card or in a hard to find great eye appeal condition, then expect to pay up. Don't be nasty, or bicker, or down talk them, be nice. We all like this hobby, no matter which perspective we are in - dealer or consumer. Without the dealers, we have no show. And for you dealers out there, without customers, we have no show.
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I understand why you would be bothered, I've always felt your prices were fair, I happily bought from you at one of the Philly shows a couple of years back, we had a nice conversation too about the 1959 Bazooka series. Not that I am as an experienced of a collector as some of the other members of the forum, but what I will say is the most pleasant interactions I have ever had with dealers, were ones that have been in the hobby for a long time. I don't want to generalize, but a lot of the younger dealers, ones in their mid 20s for an example, have often rubbed me the wrong way, immediately saying how much they are "in" on a card, or using almost used car-salesmen lingo about how I'm never going to get or see "x at this price, ever again." This could just be me though. I'm looking forward to seeing you at any future shows, talking the hobby, and hopefully making a purchase, again. - James |
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The repercussions of this will cause decades of distress for cities and their residents. It's just really sad when I still regularly see the damage the riots of 67' did here that still have never recovered. No one knows what is really coming from these events and you don't want it. One positive in Detroit is that we already know what happens and have quite honestly avoided most of the issues the past years as the city is somewhat self-protective due to our past. It took literally 50 years for real grocery stores to return to the city proper, those that remember their absence don't wish to lose them again. That said, it still exists and we are trying to keep it from escalating. It's both comforting and sad the couple times a year I go to the nice mall a mile down the road and the luxury side seems to have more armed guards than Blackwater has on the payroll. What a world to raise a kid in... |
Unfortunately, we have substituted the language of blameless status for the language of personal responsibility in many walks of life. It is a short step from thinking that nothing about your life is your responsibility to thinking that everything is your right. Hence the whining about the evil, awful dealers price gouging. Guess what: none of us has a right to a 'reasonable' price for someone else's goods. Simple enough answer: don't buy stuff you think costs too much. Of the tables that have material I collect, I probably walk right by 50% of them because I can see that the prices are more than I want to spend.
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As long as we're talking about it.
I'll pay a fair finders fee for any Texas Tommys, Western Playgrounds, Zeenuts w/coupon, E94 Crawford and Cobb, T217 Mono without creases, T215 Red Cross, Red Crofts, Blue Crofts, Bender white cap T216 Kotton "Not in Trust", E105 Mello Mint, D303 General Baking, and blank back. If I could get just one from that list I promise I won't complain about "dealer prices". |
The cards I will be looking for at the National are not rare. Somewhat desirable, but not rare, especially in the condition that I'm searching for. I'm talking several of the star cards from the 1955 Topps baseball set, in VG-EX condition. Cards like Williams and Banks. If I can find dealers willing to sell me cards a tad bit lower than the usual auction price, I will be happy. Why? Because I will likely be able to choose from probably 10-20 of these cards in the condition/price range I am looking for. Also, the dealer avoids paying a consignment fee, and I avoid paying a buyer's premium if it was to be sold/bought at auction. In most cases I'd predict that the dealer would still make over 25% of what he/she paid for the card, and probably pockets $50-$100 per card. I get a good deal, and I also feel good that I'm helping to do my part to offset expenses, having just been on the other side of the table. With fair pricing, and the recognition of fair pricing, everyone wins.
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I am amazed at the collectors that have this mentality: "My cards are worth so much. But I won't pay those prices" or "These prices are reasonable, but my stuff is now worth less, so I can't pay that" Folks, prices go up and down. If you want the card, buy it. If you don't, move on. |
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I did this the last National as I walked the floor for a few cards that were all readily available from multiple dealers. If you spot a rare piece that you don't exactly come across too often, then you don't mind spending a little over what it went for at its last auction. |
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Unlike many on here I'm going to be trying to get my fill of raw 50s,60s and 70s commons in high grades and a handful of stars. But my circumstances are different from most. Being based in the UK, I can find the star cards in auctions and on Ebay. Getting commons is tougher. Besides meeting fellow collectors, I'm looking forward to spending hours pulling commons from trays and bargain bins. :) |
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The novelty of the National is over. The only reason to go nowadays is to attend the Net54 dinner. :D
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