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Originally Posted by steve B
What year was the 52 find? I recall hearing about it, but not the year.
Before I get to my thoughts on the find a couple things
First time I've seen Mr Mint in anything other than a suit, I didn't recognise him at first.
Also the first time I've heard him speak where he didn't sound obnoxious.
Quincy? Framingham? Is he a boston guy? I always figured him as a New York City guy.
If it was mid 80's the deal might not have been such a ripoff. One thing to remember is that when large collections turn up there usually aren't that many people who can come up with enough money. He says he borrowed 25K, and still only was in for 10% of the deal. Even assuming he put none of his own cash into it That's 250K someone had to pay and then wait till the cards sold. And that couldn't be done quickly without temporarily lowering the price.
So sure, The stuff was probably worth way more, but how many dealers or collectores could have paid that without having a quick return available.
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Mr. Mint's 1952 Topps find was in 1986. From what I remember he purchased everything himself including 65 1952 Mantle's. I think I remember hearing he paid something like $80,000 for everything and sold everything for $310,000. After he made the purchase he was very nervous that he spent to much and blew a lot of the Mantle's out with ads in SCD for around $2500.00 each.