Posted By:
Frank WakefieldUnbelievable...
I completely agree with the assessment of the unfortunate present and dismal immediate future for our economy.
To a card collector this should be of minimal impact. I'd liken it to someone who was about to sell a home in once city, then buy a home in another, in a depressed housing market. Big deal if you get less for the house you're selling, because you'll be buying in a depressed market, too. So true collectors can keep on collecting. True collectors weren't accumulating cards to sell anyway. If anything, the economic turmoil might churn some old seldom seen cards out of safety deposit boxes and safes, and into the card market.
Now for card investors... all of the feared woe above may well pan out. I've opined here that cards aren't an investment. Some folks who thought they were may well rethink their position.
Sometimes law enforcement officers seize everything and let the prosecutors and courts sort things out. A consigned card should eventually make its way back to the consignor. Should... and it would take quite some time.
Some of my favorite cards are worth but a few dollars. And the dollar value that folks associate with them is less than a hundredth of other cards I have, of which I think less.
So for collectors, times may well be good.