PSA 10 E98 Wagner mistake

[calvindog]

I'm late to this story -- but how are the rest of the cards in the find going to be sold? I see that Heritage is selling one near-complete set. What about the rest of the cards?

[Peter_Spaeth]

Originally Posted by calvindog

I'm late to this story -- but how are the rest of the cards in the find going to be sold? I see that Heritage is selling one near-complete set. What about the rest of the cards?

I wonder how much more the set would have fetched had the extent of the discovery not been broadcast and made known through the change in the pop report. It may not be analagous, but when there was a massive find of high grade 52 Bowman high numbers it drove prices way down, as could have been expected.

[Leon]

Originally Posted by Peter_Spaeth

I wonder how much more the set would have fetched had the extent of the discovery not been broadcast and made known through the change in the pop report. It may not be analagous, but when there was a massive find of high grade 52 Bowman high numbers it drove prices way down, as could have been expected.

Believe me Peter, that thought was taken into consideration (not putting them out out there at once to keep the prices down somewhat). However, I know this is going to be hard for a lot of people to accept, the auction house (I don't know about the consignor) didn't want to do it that way and hose people that bought the first cards. Shudder to think they would do something that helps hobbyists.

[barrysloate]

Prices for the very best cards will be strong. They'll have no trouble getting top dollar for the PSA 10 Wagner and all the PSA 9 Cobbs.

The PSA 7 commons, on the other hand, will probably be sold by the pound. Those are going to be cheap.

[Peter_Spaeth]

Originally Posted by barrysloate

Prices for the very best cards will be strong. They'll have no trouble getting top dollar for the PSA 10 Wagner and all the PSA 9 Cobbs.

The PSA 7 commons, on the other hand, will probably be sold by the pound. Those are going to be cheap.

If one PSA 9 Cobb was made available and the market did not know there were 8 more behind it, it would sell for multiples more, that's just basic economics.

[botn]

Rush,

I posted this on the original thread yesterday. It seems that the SMR will release a story of some sort.

PSA will be handing out thousands of free, special-edition SMRs at the 33rd National Sports Collectors Convention this summer in Baltimore, MD.

This year's HOF/National SMR issue poignantly manages to reminisce about the past without ever losing its firm grasp of the future. While one feature article celebrates the 50th anniversary of the 1962 Topps Baseball set, another unveils one of the most thrilling finds in recent hobby history – that of an astonishingly well-preserved collection of E98s. And with the turn of just a few pages, you will likewise discover one article commemorating the legendary Washington Senators pitcher Walter Johnson, and yet another introducing this year's HOF inductee, Barry Larkin.

Black and White Photography: A Timeless Remembrance This special SMR edition will also include an additional 16-page insert bound inside the magazine, between pages 104 and 105. A unique compilation of black and white original photographs and their corresponding cards, this insert will serve as a one-of-a-kind visual photo guide for both the new and veteran collector alike. By pairing the colorful sports cards we have grown to know and love with the black and white images that inspired their creation, PSA will endeavor to introduce hobbyists to a new segment of collecting.

[barrysloate]

Originally Posted by Peter_Spaeth

If one PSA 9 Cobb was made available and the market did not know there were 8 more behind it, it would sell for multiples more, that's just basic economics.

No question Peter, having something like ten Cobbs available at the 9 level is a huge number. But it's a big hobby and they will all be absorbed and end up in major collections. However, a card that is a "1 of 1" or "1 of 2" is certainly worth more than a "1 of 10".

But the ten Cobbs aren't the problem. I think the 47 Wagners will be. There will be one or two high grade examples in every subsequent auction. An E98 Wagner in PSA 7 is going to be an affordable card.

[itjclarke]

Originally Posted by barrysloate

the ten Cobbs aren't the problem. I think the 47 Wagners will be. There will be one or two high grade examples in every subsequent auction. An E98 Wagner in PSA 7 is going to be an affordable card.

I happened to pick up my first E98, an orange SGC40 Wagner right around when the posts about this find began circulating. I'm definitely a collector first, but also do like to think I'm making good/wise purchases should I ever need the money back sometime down the road. Was it a really bad time to buy this card?? There were a couple condition issues that made me consider returning it, but I love its look and have decided to keep it.. for now at least.

[botn]

Originally Posted by Leon

Believe me Peter, that thought was taken into consideration (not putting them out out there at once to keep the prices down somewhat). However, I know this is going to be hard for a lot of people to accept, the auction house (I don't know about the consignor) didn't want to do it that way and hose people that bought the first cards. Shudder to think they would do something that helps hobbyists.

If you put a pair of those glasses in your next auction I am going to place a crazy top all! What is good for hobbyists, is ultimately good for those who sell to them, is it not?

[RUSH2112]

The lack of information on this "Swamp Find" find is incredible.

Usually when ever a rare painting or other rare item is found there is always a good story about it somewhere. Provenance is very important to buyers of high priced collectibles.

I thought somewhere online I would find a short story from a small town newspaper or collectibles site but found nothing.

If anyone has a link to a story such as "when" and exactly "where" please post.

[ullmandds]

Sorry... but I extracted the wrong tooth... do over!!!

[steve B]

Originally Posted by ullmandds

Sorry... but I extracted the wrong tooth... do over!!!

So out of 700+ extractions every one will go flawlessly without so much as a minor complication? Or as a better analogy, 700+ extractions without a slipup in the billing department?

I've gone to the wrong dentists.("Do NOT put the hook in this tooth here it has a huge cavity" -Where's the first place she jabbed that hook? Yep, and she nearly lost a finger. Pain really shouldn't have smells and colors )

Steve B

[travrosty]

They have been grading cards for over 20 years and this is the first time it has happened that cards have been accidentally switched?

what can joe o. do to make sure it doesnt happen again when their online video shows that each card gets assigned a number and double, triple checked all the way through and put in the correct holder that corresponds to the number assigned to the card?

Did the owner of the cards give both back to psa and collect the $$$ under their guaranteed grade program?