The prices of T206 psa 6&7s

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Posted By: Josh

Do you see the prices of these cards decreasing anytime soon? Are there ever any "really" good deals out there to pick up some of these cards? I would like to hear opinions. Thanks in advance.

Josh

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Posted By: MVSNYC

they've been falling for months now...

i think steve novella offering SO many 7's & 8's all at once recently on eBay, flooded the market, and really lowered the pricing on these cards.

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Posted By: Dave F

They've been decreasing for the past year. Either you buy now thinking they can go back up in value...or wait and see if they fall further...maybe.

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Posted By: Eric B

Expect another drop now that the half-grade pricing is in effect. Remember, PSA 6.5 is the new PSA 6.

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Posted By: MVSNYC

"Remember, PSA 6.5 is the new PSA 6"...

how? i disagree.

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Posted By: Fred C

6's and 7's? What true set registry snob would settle for a 6 or 7. If it aint 8 then it aint dog doo doo. Ok, I'm just kidding.

It's a supply and demand market. T206 cards are the most common of prewar vintage from that era. It sounds like there's a glut of mid/hi grade cards available.

Maybe collectors are just accepting VG cards for their sets because of budgetary consrtaints. I for one would not want to spend my money on 6's and 7's. Don't get me wrong, I like the nicer grade cards but this is a hobby for me. If I can't enjoy the cards or hobby because of financial constraints then I might as well just get out of it. I'll take 6 or 7 VG cards over 1 Ex-Mt card.

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Posted By: MVSNYC

in addition to the "steve novella factor", the other reason why 6's-8's have dropped, is because the top set reg guys are pretty set now. over the last few years they were all battling for cards, now that they pretty much have what they need, the crazy prices have dropped.

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Posted By: Scott L

Would you guys also agree that cards in the 2-4 range have remained pretty stable? This is the grade range that I collect and imo they have.

Scott

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Posted By: Eric B

"Remember, PSA 6.5 is the new PSA 6"...how? i disagree.

Because any 6 (or 7 or 8) that doesn't get the bump is now suspected of misgrading. Seriously!

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Posted By: MVSNYC

Eric- i still don't see the logic. a 6 is a 6 (in theory)...and a 6.5 is better than a 6, and not quite a 7.

i guess it is subjective now, until the half grades hit the market, and we get a sense of desire & value.

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Posted By: Eric B

I guess it depends on the set and so forth, but ask yourself this. If you had the choice of a T206 PSA 6.5 or a PSA 7 (that was resubmitted and not bumped) for the same price, and you HAD to break it out and resubmit it, which would you choose?

Let's make it more interesting.....what if you couldn't see the cards beforehand?

edited to add T206 to make it clearer

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Posted By: MVSNYC

i don't get your question, but if i understand correctly, i'll take the 7.

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Posted By: Lance

You don't think PSA 7's at $400 + or - a couple of dollars is a good deal? 6 months ago they were selling for $700-1000 all day long. I agree with Michael, the market was flooded and the economy sucks. (I added the last part). I hope the market is in the valley of the drop and maybe the cards will start to regain a little equity. And, I too will take the 7 into the grading battle.

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Posted By: Eric B

My thinking is that a 6.5, when cracked and resubmitted, would nearly 100% get at least a 6, probably a 6.5, maybe higher.

The PSA 7 cracked and resubmitted we know won't get a PSA 7.5 or higher (it already failed twice), a good chance it would get a 6, and could get as low as Authentic.

Time will tell. Just my opinion that cards w/o the bump will always be questioned. Heck, even in this example, if the cracked and resubmitted 6 got a 7, folks would question why it wasn't a 7.5.

Lance, I like the term "grading battle". I think I would take the 6.5.

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Posted By: Matt

Eric - couldn't the 6.5 when cracked and resubmitted also come back as an "Authentic"?

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Posted By: MVSNYC

if you choose the 6.5 over the 7, you're goin' all in on a draw (poker reference). you have a made hand with the 7.

i'd rather have the higher graded card and call it a day. too chancey (sp?) cracking, and resubmitting, etc...

just take the 7, and enjoy it...

ok, gotta run to watch celebrity rehab that i taped

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Posted By: Eric B

Eric - couldn't the 6.5 when cracked and resubmitted also come back as an "Authentic"?

Not likely. It already received the grade, then received the bump. Twice it was OK. So doubtful it would end up as Authentic.

But the 7 would have failed at the bump. So now you have to wonder if it would stay a 7. That's my point. Cards w/o a bump have questions.

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Posted By: Adam

"Would you guys also agree that cards in the 2-4 range have remained pretty stable?"

I have noticed a drop in the price of 3s, as I am now buying 3s for what I used to pay for 2s.

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Posted By: JimB

"Remember, PSA 6.5 is the new PSA 6"...how? i disagree.

"Because any 6 (or 7 or 8) that doesn't get the bump is now suspected of misgrading. Seriously!"


I'm with Michael on this one. I don't get your logic. A card that does not get the bump just means it was not highend for the grade. Most probably won't get the bump. What does that have to do with misgrading? Of course, I would have to see the cards, but generally speaking, I would take a 7 over a 6.5 all day long.
JimB

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Posted By: Jantz

I did a little research with completed auctions on Ebay just last night. Here were my findings/results on T206 graded auctions.

SGC 40 - $27 to $45 (average $36)
PSA 3 - $33 to $45 (average $39)

SGC 30 - $23 to $38 (average $30.50)
PSA 2 - $23 to $42 (average $32.50)

The reason I did this research was to possibly decide whether to try and put together a T206 set (minus the "big 6" of course) and set some financial guidelines. With this information I could then decide if I wanted to go for a set in the grades of 40/3 or 30/2.

Interesting to see that the current difference between a T206 PSA 3 and PSA 2, on the average is only about $6.50, in the online card market.

Hope this information helps.

Collect what you like,
Jantz

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Posted By: MVSNYC

jantz- what did you figure a "good" set would cost vs. "vg"?

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Posted By: marty q

i have to say i am with mike and jim also....eric this is what i/we don't get. if i submit a 7 for a 7.5 bump, it fails, i get it back the same grade i sent it in a 7, doesn't that mean that the grader thinks it only deserves the 7 grade and not the bump? why would the original 7 grade now be in question because it didn't bump higher? to assume every card that fails at a bump should now be in question is well...ridiculous...so you think that all cards that fail the bump are in question, and that they should be downgraded for no good reason to a 6.5 because since it failed at the bump it wasn't worth the 7 grade in the first place??. eric please clarify if wrong, i and few other's are just not getting the logic on how you think this is fair.

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Posted By: Jantz

Heres what I came up with by my logic.

Monster = 524 cards..minus these ( the big 6, 6 texas leagues, 42 southern/virginia league, 87 HOFers/variations..i.e.Dahlen/Chase/Eberfield)

So if I did the math right, the bulk of the monster thats left is 383 cards.

Since SGC/PSA in a "VG" both topped out at $45 on Ebay.

383 x $45 = $17,235 (VG) (semi-worst case scenario). Of course then you still have the HOFers/variations/southern leaguers to go.

383 x $40(top ends were $38 & $42 - $40 average)= $15,320 (G) (same as above)

Hope this answers your question.

Sorry if I hijacked your thread, just trying to help.

T206 PSA 6s have dropped quite a bit. Saw them selling at the 2007 National for $300 easy. Those were commoners also.

Collect what you like,
Jantz

edited: because my mind sees one thing and my fingers type something else!

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Posted By: davidcycleback

The market will decide financial values of the half and whole grades. I'm curious how they will turn out.

I think collectors will more closely judge how the card itself aligns with the grade on the label. To me, at least, the new system shows issues-- no 9.5, whole grades won't be lowered even lowering is justified. To me this shows the new grading system is about as much about market share as about grading accuracy. There are points of softness in the grading. I have nothing against the use of half grades, and make no predictions how collectors will react vote their pocket books. Maybe they'll think the new system is hot stuff, while closely comparing the grade of the card to the grade on the label before purchasing.

My only prediction is that there will be an initial infatuation with PSA half grades that will ebb with time.

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Posted By: barrysloate

6's,7's, and even 8's got unrealistically high around 2006. They've now fallen to a level that makes more sense. Once collectors realize they are fairly priced at current levels, they will not be too difficult to sell. It's a classic set.

Common 7's at $300-400 a card is a sustainable market. 7's at $700-1000 is not.

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Posted By: Jeff Lichtman

Barry: famous last words. Did you ever think a one bedroom apt in Manhattan would easily cost a million bucks 10 years ago? Who knows?

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Posted By: Bobby Binder

There is a fairly large $$ variance in price in the grades themselves and people bought cards thinking that they can bump that 6 to a 7. Now with the new half grade the risk is less for them because the increase in value if they don't get the 7 will be fine if they get the 6.5. So all these buyers looking to get the increase for resubmitting are lessening their risk. In a year or two from now the prices for each grade will be a lot more consistent and you wont see as much of a swing in values.

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Posted By: barrysloate

Jeff- apartments have a life of their own. I can still remember when Brooklyn brownstones were 80K, and I thought they were expensive. Now the same ones are $3 million.

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Posted By: steve

PSA 5 seems to be the entry point where it is just very light corner wear, but the card is honestly quite nice. The value on the major T206 HOF'ers in PSA 5 have held up well over the last couple years.

I am glad I went after 5's, but now the market for major HOF'ers in PSA 6 and 7 is screaming, "good deal, buy me."

steve

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Posted By: Eric B

....so you think that all cards that fail the bump are in question, and that they should be downgraded for no good reason to a 6.5 because since it failed at the bump it wasn't worth the 7 grade in the first place??.

No, not exactly, and certainly not all cards. Maybe not many. But I feel that just the question of original accuracy will make a difference. Sometimes the lowered bid of just one buyer can be significant.

If someone is confident of the original grade, they would have no concerns if it was cracked and resubmitted. Of course they wouldn't bother doing that.

Only time will tell.

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Posted By: Anonymous

I thought everyone on this board basically hated PSA and loved SGC? Why does anyone care about the half-grade issue?

A note to MVSNYC:

"Celebrity Rehab" is the best show on TV!!!! Who needs writers....

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Posted By: Mike Snyder

I can understand that the prices may be tailing off significantly on common or lesser known prewar names; but I dont think that the drop is as pronounced with the better names.

And as the economy may be in a cyclical slump, so may the card market. It certainly doesn't seem to be hit as hard as the stock market is though. I think that card collectors stay put with their investment and don't unload when the market looks bleak.