Quote:
Originally Posted by mintacular
Ok, so point is there are going to be a lot more 10s of modern cards than 10s of 80s Darryl Stawberry or whomever--
So why would you conclude the $15 Strawberry PSA 10 (in much lower supply) is equivalent to the PSA 10 modern star which would be in much greater supply?
|
I am not.
In 1985 we didn't get cards graded. Kids just saw the value in Beckett and said this is what it is worth. Dealers in many cases too.
If there are 1 million printed and the card books for $15 it has a $15 million dollar market cap.
If today there are 30,000 printed and it books for $500 it has a $15 million dollar market cap. The lower supply simply allows for the cards to trade for more and of course we have inflation.
Long term no one knows what they are worth. That said a 1993 SP Jeter that has over 15,000 copies graded by PSA alone was worth $6,500 in a PSA 10 in 2009 when I got really active buying cards. There were countless people who said at $15,000 it was the most overvalued card in the hobby. At $24,000 it was insane. No way the $30,000 sale was real. You can't be serious it sold for $37,000. And on and on. Now close to $200,000. This stuff is hard to predict but one thing is true once a horse leaves the barn it is hard to get it back in.
I was made fun of for saying a Hogan PSA 9 was a great buy for $75. Today it is at least $5,000. I didn't know that then and believed it would go up a lot but was just lucky not to sell and keep buying various copies on the way up.