Quote:
Originally Posted by Beastmode
Let me get this right. Someone is going to spend 5 digits on a raw card, and have no idea or knowledge of it's authenticity?
What continues to astound me is there are buyers our there that are spending large amounts of money and have no fricken clue what they are doing or investing in (ex; see PWCC Dimaggio thread).
These same buyers, whom seem to have unlimited funds, probably ran a business or excelled in their profession to obtain that money. However, when they purchase baseball cards, they remove their brain and throw due-diligence out the window.
Then they come on net54 and cry the blues about how they were ripped off buying restored cards, or got shilled, or bought a fake, etc. This hobby is really incredible.
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Whats interesting is that the collectors you mention, and even others with more prudence as well, are one of the main reasons there are so many fakes in the first place. That is, everyone with even a middle class bankroll are willing to pay thousands of dollars for small pieces of cardboard. Unlike money, these cards were never printed with the idea that someone may try to create fakes. But the large sums the cards garner, opens up the creation of fakes, and very good ones at that. I actually wouldn't be surprised if 1-5% of all vintage cards that have been graded are fakes that have passed the test. Of course I could be wrong.
I may be "blaming the victim" on this one, but it is difficult to disagree that if cards were being purchases for small sums of money, fakes wouldn't be much of an issue.