Quote:
Originally Posted by Rhotchkiss
I agree with this statement completely. I am a collector, or at least I am very long on cards. I am buying with an eye toward leaving them to my kids or selling in 20+ years (of course best laid plans....). In that case, like with real estate (and I assume stocks), the ups and downs over the relative shorter period are irrelevant - buy what you think will increase in value over the long-term and don't worry about the short term. That's what I try to do.
That said, as a buyer, I am trying to figure out whether there may be "bargains" in the next few months-years, in which case I may go a bit stronger on cardboard than I otherwise might have. I am approaching this as a buyer conundrum, not a seller.
Also, while some items don't come back (see E Cards, but I have some hope there)- some items just NEVER come up for sale, like this Wolverine Cobb. So I am a buyer on items like this when they can be had, regardless of where the economy or card market stands.
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I think you are approaching it with the right idea. Buying HOFers on low pop issues gives you a very high ceiling for growth. Investing in rare cards at next year prices pays off many times. Not too mention, if its a public sale, it sets the bar higher for the next sale. Great Cobb postcard BTW which is extremly under valued. I would gladly over pay for that one.
Terry Knouse "TIK" coined this phrase with me, as he would say this everytime I tried negoiating with him "Last I checked, they weren't making anymore of these" then we wouod shake hands and my purchase became my new favorite card.