Posted By:
Josh K."This 'lost profits' cost accrues even if the card does not drop in value. Let's say the card stays at $3000 for 10 years -- the old timer has lost earnings on $3000 that he could have invested elsewhere for that 10 years."
PC - Ive got to disagree with your theory on lost profits in part. If the card does not drop in value, the owner has only lost profits if the value of the card does not increase as fast as an alternative investment. Its entirely possible that the card in appreciating faster than, say, $3000 worth of Microsoft stock. It is also possible for the stock market to decrease while card values increase. Finally, even if the card value drops, the owner has only lost profits if the alternative investment has not decreased in value as much as the card.
As far as King's comments, I understand what he is trying to say. Not sure that I agree or disagree 100%. I will say, that like Jay, I have cards that I was able to purchase cheap relative to what they would cost now. Im unlikely to ever sell those cards because I am not willing to repurchase them at today's prices.