Quote:
Originally Posted by parkplace33
Great points.
I especially agree with your last statement. Many collectors say, well, my card is worth x, so I should be fine. A card is only worth something when you sell, so until then, it holds no dollar value. And the fact is collectors always overvalue their cards, so they may be in for a rude awakening when they try to sell.
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Cards, like stocks, are only worth what someone is willing to pay for them. Card shows, online forums, marketplaces and auction houses are akin to the NYSE, NASDAQ, etc so I'd say there are enough venues to sell cards that they are quite a bit closer to stocks than others may think.
As for the "always overvalue their cards" comment, I actually use average sales for valuing my collection and taking a percentage of that (less than 100%) for an approximate value for any external need I have for that info. Maybe I'm the only person ever who has done it that way but I'd guess likely not.