Gone from the Blue-Collar Guy

japhi · #1 01-19-2022, 03:40 PM

Quote:

Originally Posted by Dead-Ball-Hitter

Is this Matt or Tyler Durden from ZeroHedge? (Sorry, Finance joke). Agree with you that every bubble bursts. A big question we probably all struggle with is, "Do I sell now, reap the rewards, suffer for a couple years, and buy it back cheaper? Or do I continue to do what I enjoy and say the heck with it!?"

I think about this every day....

Can't stand ZeroHedge! For what it's worth, I'm not calling for a global economic meltdown or any sort of doomsday scenario. While the GFC and the dotcom bubble were tough stretches, most came out fine. My strategy is to increase my cash position but keep most of my chips in. You simply can't time markets. Those looking for the bottom never find it because, like FOMO, greed sets in and you end up wanting more.

Some big companies missed earnings this week, lots of value evaporating from equity markets past couple days. Crypto been melting down since Oct. Have to believe that card prices will follow.

Dead-Ball-Hitter · #2 01-19-2022, 07:11 PM

Quote:

Originally Posted by japhi

Can't stand ZeroHedge….
Some big companies missed earnings this week, lots of value evaporating from equity markets past couple days. Crypto been melting down since Oct. Have to believe that card prices will follow.

I agree about those fringe financial sites- read them for an hour or two and you need a stiff drink and two prozac!

Hey crypto just got endorsed by Google… still not in my wheelhouse- no interest.

Exhibitman · #3 01-19-2022, 07:21 PM

Last time around card prices lagged the start of the troubles by about a year and lagged the rebound accordingly.

This thread really bugs me, in a good way, because it points out some real issues for dedicated collectors that don't have ready solutions. Either we stop collecting a wide variety of cards we are priced out of or the economy craps the bed. Not pleasant choices either way, frankly. I think I am just going to stay the course with my long-term plans for my collecting and just wait patiently for the right cards to come up at the right prices, and if not, fine.

Anyone consider reprints or tribute cards? I knew I wasn't going to pay what it costs to get 1952 Topps stars so I filled in the space in my binder for the Mays with a 1983 Topps reprint. In the 1970s TCMA reprinted a variety of prewar cards. Or collect the various collector issues. They are inexpensive and can be quite fun. I have or am working on 1959 and 1960 Nu-Card, 1960 and 1961 Fleer, 1961 Golden Press, 1974 Fleer Pioneers of Baseball, 1974 Laughlin Old Time Black Stars, the small 1970s TCMA sets, etc.

bnorth · #4 01-19-2022, 07:54 PM

Quote:

Originally Posted by Exhibitman

Last time around card prices lagged the start of the troubles by about a year and lagged the rebound accordingly.

This thread really bugs me, in a good way, because it points out some real issues for dedicated collectors that don't have ready solutions. Either we stop collecting a wide variety of cards we are priced out of or the economy craps the bed. Not pleasant choices either way, frankly. I think I am just going to stay the course with my long-term plans for my collecting and just wait patiently for the right cards to come up at the right prices, and if not, fine.

Anyone consider reprints or tribute cards? I knew I wasn't going to pay what it costs to get 1952 Topps stars so I filled in the space in my binder for the Mays with a 1983 Topps reprint. In the 1970s TCMA reprinted a variety of prewar cards. Or collect the various collector issues. They are inexpensive and can be quite fun. I have or am working on 1959 and 1960 Nu-Card, 1960 and 1961 Fleer, 1961 Golden Press, 1974 Fleer Pioneers of Baseball, 1974 Laughlin Old Time Black Stars, the small 1970s TCMA sets, etc.

Reprints are awesome and I have many complete vintage reprint sets.

egri · #5 01-19-2022, 09:22 PM

Quote:

Originally Posted by Exhibitman

This thread really bugs me, in a good way, because it points out some real issues for dedicated collectors that don't have ready solutions. Either we stop collecting a wide variety of cards we are priced out of or the economy craps the bed. Not pleasant choices either way, frankly. I think I am just going to stay the course with my long-term plans for my collecting and just wait patiently for the right cards to come up at the right prices, and if not, fine.

I feel like there are a few things this applies to besides cards. Real estate comes to mind; I have relatives out near Vail, and the joke out there is that the billionaires are driving out the millionaires. If they hadn't bought several years ago, there's no way they could live there now. My mom grew up on the East Coast and can remember when much of Cape Cod was still small farming and fishing villages; now it's a playground for people who use summer as a verb.

Seven · #6 01-19-2022, 10:22 PM

Quote:

Originally Posted by egri

I feel like there are a few things this applies to besides cards. Real estate comes to mind; I have relatives out near Vail, and the joke out there is that the billionaires are driving out the billionaires. If they hadn't bought several years ago, there's no way they could live there now. My mom grew up on the East Coast and can remember when much of Cape Cod was still small farming and fishing villages; now it's a playground for people who use summer as a verb.

Real Estate where I grew up has become ridiculous as well. No more young families settling down really, unless they have a large amount of disposable income. It seems like the majority of people who grew up in New York have either moved upstate or left entirely. I already know if I end up staying near NY, that I'll end up in Jersey. If not, Florida is a realistic destination. Hopefully it won't sink into the sea by the time I'm in my 70s

Stampsfan · #7 01-20-2022, 01:21 AM

Quote:

Originally Posted by egri

... My mom grew up on the East Coast and can remember when much of Cape Cod was still small farming and fishing villages; now it's a playground for people who use summer as a verb.

Love this reference. Well done.

Johnny630 · #8 01-20-2022, 09:38 AM

I’m July 2021 this card, see link below 51 Bowman Mantle PSA 8, sold in Memory Lane For $498,000. 6 months later it’s now up for sale again in Leland’s what will it sell for now?

True collectors don’t do this on big Cards, These people don’t care about the cards they care about making money on fools,its been a big Game.
Doing this on high grade eights in Mickey Mantle Rookie‘s 51 Bowman its driven every grade price to the higher level pushing it up in all grades. The money is being made by these guys on the lower grade cards based off the sale and many others like this. The 51 Bowman Mantles in 3’s and 4’s should never sell for $20k like they did last year, it’s been very interesting to watch

See pics and Link Below ….investors set the price is this market. How long will the investor stay in the this game ??

https://auction.lelands.com/bids/bidplace?itemid=107698

BobC · #9 01-20-2022, 10:21 AM

Quote:

Originally Posted by Johnny630

I�m July 2021 this card, see link below 51 Bowman Mantle PSA 8, sold in Memory Lane For $498,000. 6 months later it�s now up for sale again in Leland�s what will it sell for now?

True collectors don�t do this on big Cards, These people don�t care about the cards they care about making money on fools,its been a big Game.
Doing this on high grade eights in Mickey Mantle Rookie�s 51 Bowman its driven every grade price to the higher level pushing it up in all grades. The money is being made by these guys on the lower grade cards based off the sale and many others like this. The 51 Bowman Mantles in 3�s and 4�s should never sell for $20k like they did last year, it�s been very interesting to watch

See pics and Link Below �.investors set the price is this market. How long will the investor stay in the this game ??

https://auction.lelands.com/bids/bidplace?itemid=107698

No, the dealers set the prices, and many of them use every advantage, gimmick, or trick they can to make as much as possible. The idea of all boats rising with the tide to me is tied back to and has a lot to do with how price guides, like Beckett's or SCD, started proliferating everywhere in the marketplace, infusing the idea that card prices were all tied together and more or less based off what a NM version of that cards would sell for. What was it, VG was like 25%-30%, EX 50%-60%, something like that. But now these extremely high condition cards, many better than NM in a lot of cases, are being used as the new base to start figuring these condition price percentages. I never felt these very rare, high condition outliers should be used in setting the price of that same card in a lower grade, but they very often are. It isn't always the case, but I feel that kind of thinking is very pervasive in the hobby, and is exactly what the flippers and those potentially trying to manipulate the market are hoping for.

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