Posted By:
Ted ZanidakisBarry
No argument regarding the effect on BB card prices by Jim Copeland in '87.
However, he's just one person. There were many more significant factors
that affected the sudden rise of card prices across board that year.
Interest rates were significantly dropping. For example, I re-financed my
mortgage (from 14% rate when my house was built in 1983) to 8% in 1987.
In addition, that fall we had a scare when the Stock Market took a big dive.
Many Stocks' investors switched over to the "safer" collectibles markets.
Also, in the process of re-financing, people were deriving extra cash from
their equity and spending it. I did exactly that and with these extra $$$$
I bought BB cards.
The combination of all these factors in '87, and into the 1990's, really
"stoked" a "bull market" in the BB card hobby during that period.