Posted By:
bruce
II have been a type set collector for 30 years and own many of the Hobby;s
rares type cards in the highest known grade...
Whilst I can appreciate a "common Delong" bringing $2000 in PSA 8
I find it remarkable that a set where there are still at least 200,000 cards
(most of which are yet to be graded) floating around can bring $1500-$2500
a card in an 8 holder/
I was actually able to determine the two winners of last night's E Bay war limit
on all five commons--it was an astounding $2700 per card although two cards
were sold for$1600-1800.
The problem with understanding pricing in this hobby is that the market
for many individual cards is paper thin.
For example, I had a complete run of PSA 8 Federal League 1915 Cracker Jacks
and when I sold it there were only 3 people actively bidding...when the eventual
winner of this collection sold off the duplicates cards, he actually lost money
on 70% of the indvidual lots.
My guess is the two lucky gentlemen from Los Angeles who spent over $11,000
to acquire 5 common T 206's last night would lose 25% of their investment if he
sold the cards on E Bay or through Mastro or Lifson within the next six months.
And when sweet Texas Crude oil hits $120 and the economy radically contracts , there will be
a great deal of old cardboard available even in PSA 8
Welcome your response.
Bruce