Sports Card Dealers on the Triumphs and Challenges of 2024

[tjisonline]

Great analysis by you and Don.

Originally Posted by Exhibitman

Every index and sample has its internal bias. Even the S & P 500 is way up primarily due to 7 stocks; the Magnificent Seven are 30% of the index by value and their being up 66% this year is the bulk of the index's gain for the year.

That said, I keep a running spreadsheet on 100 or so pre-1980 sports cards. Mostly pre-1947, but a good run of big names in mainstream issues before 1970. After inputting the latest data, my 'index' is basically flat for the year. It is down 20% from the crazy COVID sugar high.

The first-tier legends in all sports are hanging in or in some cases going up. Even in lower grades, the Ruths and Robinsons are staying strong and demand for them is unlikely to go down as the hordes of newbie collectors cutting their teeth on ultramodern cards become more sophisticated in their collecting tastes. That PSA 1 Goudey Ruth is an entry point, not a beater, which is why it has staying power.

Ordinary cards in ordinary condition of middle of the road HOF talents are down substantially. Rare issues continue to do well, as they always seem to do if and when they surface. You come to market with one of those seldom-seen issues, you are pretty much guaranteed to touch off a bidding war.

Mainstream postwar vintage is largely a buyer's market except at the tippy top of the Registry caliber material. Like the 1975 Topps commons in PSA 10 that went for $33,000 each this fall. Nevermind that there were at least two people willing to throw down the Amex black card over a $2 card in a $32,998 plastic holder, look at the power of the Registry to make a $2 card into a treasure. “The illusion has become real, and the more real it becomes, the more desperately they want it. Capitalism at its finest.” Gordon Gekko. I don’t know whether to be impressed or horrified.

Then there is modern. I've tried repeatedly to sell the accumulation of post-1989 cards I have and except for certain players and issues, they are basically unsellable even at shows except in bulk at a fraction of a cent each. Maybe. In 1980s baseball, I can move the big rookies (Ripken, Boggs, Gwynn, etc.) and Bo Jackson, and not much else. In the 1990s, there's Jeter, Griffey and the rest rots. 1980s-1990s basketball actually does better, relatively speaking: more players are sellable. Hockey and football basically do not exist except for a few superstars. Every show I attend is swimming in shiny crap at a deep discount.