Posted By:
T206CollectorI believe that this auction not only establishes that population reports are flawed as indicators of true scarcity, but also demonstrates how population reports can be used to mislead unsuspecting collectors. I would like to say that I have always had a good experience with this seller as both a buyer and seller on ebay, and I think he has just got it wrong here.
http://cgi.ebay.com/T206-Frank-Smith-Chicago-White-Sox-White-Cap-PSA-4-RARE_W0QQitemZ5232262864QQcategoryZ31718QQrdZ1QQcm dZViewItem
All this report shows is that people are having the rarer variation graded much more frequently than the common variation, which is what you expect since one is more valuable graded than the other.
Just because fewer commons have been graded than Hall of Famers, does not establish that commons are more scarce than Hall of Famers.