T206 "Magie" Error Prices

[Rhotchkiss]

The PSA 3 in Heritage is now up to $26,400, including Buyer' Premium ("BP"), with 5+ days to go.

I bought mine (see below) for $21,500 in late 2016. At the time, that was a record price for that card in that grade, but I felt it was well worth it given the eye appeal. The two most recent sales have been $21,600 in 2021 (over graded) and $23,655 in 2020 (great looking). Prior to that, the only two PSA 3 sales on VCP after mine went for $18k and $18.6k, both in 2019 and both (I feel) are materially inferior to mine.

The $18.6k sale in 2019 is the exact same card now sitting at $26.4k in Heritage. Thus value of the Heritage 3 has gone up, so far, $7,800, which (so far) is a 42% increase in 2.5 years.

I would argue that that mine is worth at least 10% more than the one in Heritage, which means mine would be worth $29,040, so far. Again, I bought mine in late 2016 for $21,500, which means I am sitting on $7,450 of gain (35%). Granted, that is over 5+ years, but not bad at all considering, at least in my mind, the odds of losing money was minimal. AND, the current Heritage auction is not over and mine could bring more than a 10% premium.

Granted, this is one example at one point in time, but I think it supports the argument that the most famous error in baseball cards, which derives from the greatest and most famous baseball card set of all time, is a very solid, risk-adjusted investment

Buy with confidence

[Mjpadilla84]

Beautiful Magie Ryan, worth every penny you paid.

[mrreality68]

Originally Posted by Rhotchkiss

The PSA 3 in Heritage is now up to $26,400, including Buyer' Premium ("BP"), with 5+ days to go.

I bought mine (see below) for $21,500 in late 2016. At the time, that was a record price for that card in that grade, but I felt it was well worth it given the eye appeal. The two most recent sales have been $21,600 in 2021 (over graded) and $23,655 in 2020 (great looking). Prior to that, the only two PSA 3 sales on VCP after mine went for $18k and $18.6k, both in 2019 and both (I feel) are materially inferior to mine.

The $18.6k sale in 2019 is the exact same card now sitting at $26.4k in Heritage. Thus value of the Heritage 3 has gone up, so far, $7,800, which (so far) is a 42% increase in 2.5 years.

I would argue that that mine is worth at least 10% more than the one in Heritage, which means mine would be worth $29,040, so far. Again, I bought mine in late 2016 for $21,500, which means I am sitting on $7,450 of gain (35%). Granted, that is over 5+ years, but not bad at all considering, at least in my mind, the odds of losing money was minimal. AND, the current Heritage auction is not over and mine could bring more than a 10% premium.

Granted, this is one example at one point in time, but I think it supports the argument that the most famous error in baseball cards, which derives from the greatest and most famous baseball card set of all time, is a very solid, risk-adjusted investment

Buy with confidence

Great info and thought process.
Also great looking card.

Someday I may look at getting one. I had a few opportunities over last few years but I passed because it was not part of my collection focus.
Part of me regrets it because it is a nice looking card and in demand

[Exhibitman]

Originally Posted by Rhotchkiss

...the most famous error in baseball cards, which derives from the greatest and most famous baseball card set of all time, is a very solid, risk-adjusted investment

Buy with confidence

Completely agree with that analysis...and that is a heckuva nice looking portrait.