Hobby Resilience - Long Term

[Hankphenom]

Originally Posted by obcbobd

I would think so, but every now and then I will see someone selling a $5k card saying they need the money for an unplanned expense such as a major auto repair. Makes me wonder.

What does it make you wonder about?

[Foo3112]

Originally Posted by Hankphenom

What does it make you wonder about?

I didn't write that but I'm guessing that people should have some sort of an emergency savings account rather than spending every single dollar on cards.

[obcbobd]

Originally Posted by Foo3112

I didn't write that but I'm guessing that people should have some sort of an emergency savings account rather than spending every single dollar on cards.

Good answer.

But if you have to ask

[Johnny630]

I have noticed over the past year and a half there is a major divergence in price cards sell for at AH’s vs Card Shows.

I’ve found most at shows other then the National that people Aren’t Dropping 5 figures on Graded cards at shows, not happening. People are being smart at shows buying mid level Graded and Raw. They’re not spending at shows like that people are definitely being careful.

[Foo3112]

Originally Posted by Johnny630

I have noticed over the past year and a half there is a major divergence in price cards sell for at AH’s vs Card Shows.

I’ve found most at shows other then the National that people Aren’t Dropping 5 figures on Graded cards at shows, not happening. People are being smart at shows buying mid level Graded and Raw. They’re not spending at shows like that people are definitely being careful.

In October, I attended the Dallas Card Show and I saw the biggest stack of cash I had ever seen. I have seen 130K in person. This stack was much bigger. All Cash. There was a 2009 Bowman Chrome Trout Refractor PSA graded and some other cards being sold. They were counting the money. The guy who was buying did not appear to be a dealer either and I did not catch him behind a table both days I attended.

[Yoda]

Originally Posted by Foo3112

In October, I attended the Dallas Card Show and I saw the biggest stack of cash I had ever seen. I have seen 130K in person. This stack was much bigger. All Cash. There was a 2009 Bowman Chrome Trout Refractor PSA graded and some other cards being sold. They were counting the money. The guy who was buying did not appear to be a dealer either and I did not catch him behind a table both days I attended.

Drug money being laundered, perhaps?

[Exhibitman]

I think there is some (understandable) reluctance to flash huge piles of cash at public events. I would guess that the biggest deals are not done in plain view of the public at a card show.

[Hankphenom]

Originally Posted by Foo3112

I didn't write that but I'm guessing that people should have some sort of an emergency savings account rather than spending every single dollar on cards.

True, the numbers on how many Americans wouldn't be able to come up with $400 for an emergency are mind-boggling, but cards (and other sports collectibles) have actually proven to be a pretty good repository of value to meet unexpected expenses. Several times they have been just that for me.