I've operated on this theory for a while, but the only players who really move the needle are all-time stars. Eventually everyone else fades into obscurity.
If you're not dealing with the players who were regarded as the top 1-2 players in the world during their career, their cards don't (and shouldn't) appreciate at the same rate as the all time greats.
There's no disrespect intended for these remarkable careers, but I don't look at these secondary stars as underpriced. I think their value reflects the fact that they aren't going to be the first names mentioned in a discussion of baseball history (Cobb, Ruth, Robinson, Mays, Aaron, etc.)
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