Master Set Collector
Leon,
Yes I consider a master set collector to be someone going after a 5,000+ T206 set. I agree that you will not find many that fit into this category, but in the case of Drum backs it will only take one.
I took another quick look at the current PSA and SGC pop reports for the Drum back.
PSA = 121 total (approximately 73 have a pop = 1)
SGC = 84 total (approximately 65 have a pop = 1)
Total graded Drum pop = 205 (138 total with a pop of 1).
Thus, 67% of the total graded Drum population have a pop of only 1.
If only 1 master set collector has the resources/opportunity to obtain all the pop 1 Drums then a total of 138 cards (67%) will be in that collection. That doesn't even include the Drums with a pop > 1 that this collector will also need to add to that collection.
To me it is fairly clear why there can be so much pressure placed on the prices for Drums. The master set collector can possibly remove an extremely large % of population from the market creating even more demand from the remainder of the collecting community.
Thanks,
Jerry
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