Drum vs. Uzit pricing
I have thought about the pricing disparity between Drums and Uzits in the past and the following is my best guess as to why this has happened.
1- If you look at the PSA and SGC population reports you will notice that even though there more possible subjects that can be found with a Drum back an extremely high % of them have 1 graded example. I took a quick look at PSA and found that out of 108 graded Drums 71 had only 1 graded example. That's almost 66% of the total PSA population. The SGC population for Drums is 81 and 62 are the only graded examples on their population reports.
On the other hand, Uzits have less available subjects, but a higher count per subject. Taking a look at the PSA population for Uzits it shows 106 total graded, but only 11 subjects have 1 graded example. That is only about 10% of the total PSA Uzit population. The SGC population for Uzits shows 109 graded with 29 having only 1 graded example.
2 - If you have several master set collectors going after the only known graded example of a Drum the competition for that card will be much greater than a typical Uzit having a higher graded population per subject. In theory, if you are trying to build a master set and you think this might be the only chance you have to win that specific combination you will bid accordingly.
3 - A master set collector will take more of the overall population of Drums off the market than Uzits. For example, assuming 50% of Drums have only 1 graded example then the master set collector will be removing 50% of all the graded Drums from the market plus all the remaining subjects they need with a population > 1. Thus, this creates a very high demand for Drums because the master set collectors will be pursuing a large % of the examples that come to market and drive up the prices.
Just my thoughts.
Jerry
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