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Old 09-02-2007, 11:33 PM
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Default Baseball cards as an asset class

Posted By: Fred C

The funny part is that there were lots of people speculating on rookie cards about 20 years ago. I wonder how much an 89 Upper Deck Griffey sells for today? I can remember people paying well over a hundred bucks for that card. Me, nope, I never really got caught up into it that much. I remember buying a pile of a hundred Dickerson (football) rookies for .39 each and a pile of a hundred Marino rookies for .49 each. I pretty much sold all the Marino's many years ago when people were paying a lot for that stuff. I was never into paying $100 for a rookie card that was only a few years old... now if you look at people that "invested" in those cards I'm sure you can find a lot of people shaking their heads (and kicking themselves in the butt) because of their "investments"... sure, some people made good money on that stuff but I don't see that happening again any time soon. Hold that thought... there are some people that still fuel a hyped card and pay tons for it... (Alex Gordon - Topps comes to mind...).

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