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Old 09-22-2007, 08:09 PM
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Default Steve Novella's PSA 8 T206 Auctions--A Market Defining Event?

Posted By: JimCrandell

T206,

Where I would differ from you is that the relative pops will stay fairly constant. It is difficult to say that in this set because the pops are so low but in sets where there are more 8s the lower pop 8s 2 years ago are the lower pops today.

I would certainly agree that if you paid $10,000 for a psa 8 pop 1 common and another popped up the price would drop. On the other hand if 5 years from now that is still a pop 1(certainly possible) it might be a $20,000 card. While this may be tough to comprehend we live in a bifurcated economy and there are a few collectors I know that I think spend several million a year on cards. Also some of us just gotta have psa 8 sets no matter what the cost. Sevens or less just won't cut it. Thus, the buyer may think probably not a good investment but to do the psa 8 and better set I gotta buy it.

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