Quote:
Originally Posted by Rhotchkiss
Nice post G1911. Thank you
Regarding this statement "Not to be dark, but I think it is reality that an influx of young collectors is needed or as the aging vintage collector base dies out they will get pennys for the dollar on their stuff."
Here is what I know, why I disagree, and why I have put a good deal of money into very old and rare vintage cards over the past 6+ years: I started collecting in 1983 and lived through the junk wax era, eventually getting out bc things made no sense (like now). I got back into cards in 2000, sold out in 2003, and got back into cards in 2015 (and still actively collecting). That is almost 40 years in and out of the hobby. The one thing that is true over those 40 years is that the good cards are worth more today than were in the 1980s, many by multiples and multiples, and each time I got back into collecting the good cards were worth more than the last time I collected. By "good cards", I mean HOFers and rookie cards of retired stars and HOFers.
40 years spans is a pretty long time. And Ruths, Cobbs, T206s, as well as Nolan Ryans and Frank Robinsons are more expensive now then ever. If history is an indicator of the future, and it often is, the "good cards" will continue to retain value, and likely increase, over the next 40 years. Well, that's what I am betting on.
All that said, sometimes I find it very hard to look at what cards are selling for and not think "man, I should just sell everything." Especially when I consider your thesis may end up being correct. However, there are two reasons I do not (i) l I would rather have the cardboard than the paper, right now and (ii) I fear if I sell something I will never be able to get ot back (or it ma cost me triple to get it back).
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I can totally agree with this.
And I'm coming from the opposite end of the hobby, it used to be - and fairly recently- that if I wanted a vintage HOF card badly enough that I could save up for it. (which I sadly didn't do) Some cards have appreciated so much in about the last 5 years that simply isn't even possible anymore.
And even many lesser HOF cards in major sets are enough to give me a bit of sticker shock. Like fairly common ones for around 300..... that were maybe 100 just 5 years ago.