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Old 11-13-2011, 02:46 PM
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Theoldprofessor Theoldprofessor is offline
John Manning
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Join Date: Apr 2009
Posts: 307
Default What's it worth?

One of the best teaching opportunities of your life stands before you right now. When my son was about 10, we began going to the National every summer. (That was so long ago that "Beckett" meant the Beckett-Eckes Price Guide.) Pretty soon he was picking up cards, asking "What's this one worth?" "What's that one worth?" Easy. "Son, it's worth exactly what you can get for it, no more no less."

The '52 Topps Mantle is worth a lot because people are willing to pay that kind of money for a really good copy. In the Thirties, the T206 Wagner was worth about $50, because that's what people who bought cards were willing to pay for it. Now some Wagners are worth millions. What changed? The card? Nah. Just its notoriety. Its value is determined by how badly people want it and how much they are willing to sacrifice to get it.

This can't be hard to understand.
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