T206 Blue Old Mill

[bnorth]

Yes I did, it is actually a very common opinion among collectors. Even ones that deal mainly in graded cards.

Please tell my why you think they sell for more, I am very interested in your opinion.

[thehoodedcoder]

Originally Posted by bnorth

Yes I did, it is actually a very common opinion among collectors. Even ones that deal mainly in graded cards.

Please tell my why you think they sell for more, I am very interested in your opinion.

I think that your explanation of a person believes they need to keep spending their money on something they don't believe in, then in fact DOES do just that after their revelation, to maintain the value of their cards or even believes that themselves have a big impact on that is utterly ridiculous.

Based purely on number of collectors, I might assume that there is at least one person out there that believes that. To think that there are large number of them is even more ridiculous.

If many people believe that, its not ridiculous. Its sad. It speaks to how common sense has been totally flushed out in this country.

My opinion about why they sell for more is totally irrelavant to that.

Kevin

[wonkaticket]

Quality items sell and always will sell for quality prices no matter what holder they are in PSA or SGC.

Now your avg. soft graded run of the mill cards may in fact sell for a bit more in PSA due to the much more active registry base but that's about the sum of it for me.

Nobody is leaving serious money on the table by using one or the other IMO, choose who you would like to use for grading and go for it.

[ctownboy]

If shill bidding is as rampant at auction houses (or eBay) as some have said in various threads on this board and if those auction houses mostly submit cards to PSA (or people who submit large quantities of cards to PSA) get higher grades for cards than most other people would get, as has also been stated in various threads on this board then shouldn't it follow that PSA cards attain higher prices at auction than SGC graded cards?

David

[ullmandds]

Some people like living in denial...I mean:

-overinflated grades
-preferential grading
-shill bidding
-phantom bidding
-psa registry

Sure you can say all u want that as long as people are willing to pay whatever price...these ridiculous prices are warranted...and that the shill bidding really doesn't matter because if I was willing to pay 1K...who cares if a card was shill bid up to 950...even though it may only be worth $500.

All of these deceptive practices that overinflate card grades...that overinflate sales prices...cannot and will not proceed forever.

There are a lot of wealthy "collectors" out there who are fueling this situation...and this is not likely to change anytime soon...BUT...it has been shown that when 2 people want a card...prices can go crazy...and as soon as 1 of those buyers obtains the card...the next sales prices tends to be a bit lower.

If PSA goes down...or is forced to admit that they have in fact participated in preferential grading...in overinflating grades...when other major auction houses ARE implicated in deceptive practices and are taken to task...the shit will hit the fan and will have an impact on the hobby!

[ullmandds]

I apogize for the derailure of this thread!

TO get back on track...I have always been suspicious of this card...and would never pay big bucks for it...for there to be only 1 example of any T206...let alone a back variation is highly...highly unlikely!

The rarest of t206 backs...the brown om's/lenox, bl 460's...have dozens of examples...some of which were scraps. If dozens of scraps survive...how is there 1 smurf backed om?

[wolf441]

Originally Posted by ullmandds

Some people like living in denial...I mean:

-overinflated grades
-preferential grading
-shill bidding
-phantom bidding
-psa registry

Sure you can say all u want that as long as people are willing to pay whatever price...these ridiculous prices are warranted...and that the shill bidding really doesn't matter because if I was willing to pay 1K...who cares if a card was shill bid up to 950...even though it may only be worth $500.

All of these deceptive practices that overinflate card grades...that overinflate sales prices...cannot and will not proceed forever.

There are a lot of wealthy "collectors" out there who are fueling this situation...and this is not likely to change anytime soon...BUT...it has been shown that when 2 people want a card...prices can go crazy...and as soon as 1 of those buyers obtains the card...the next sales prices tends to be a bit lower.

If PSA goes down...or is forced to admit that they have in fact participated in preferential grading...in overinflating grades...when other major auction houses ARE implicated in deceptive practices and are taken to task...the shit will hit the fan and will have an impact on the hobby!

I agree 100% Pete,

To me, at almost feels like the 2007-early 2008 run up to the financial collapse. I've seen numerous threads about the ridiculous prices being paid for certain cards (T206 backs for example). While there are obviously many collectors who have the disposable income to spend the $$, at what point do they look at the landscape and start feeling that the whole system is dirty? At that point, folks may decide that it's time to start selling before the floor drops out. If people decide that TPG services aren't a guarantee of anything, you may see the supply/demand ratio flip and prices start to drop.

I saw it firsthand when lenders were giving out ARMs and interest only mortgages for $400k+ to families that we making about $45k/per year. These companies would then bundle the mortgages up, securitize them and sell them off as CMOs, credit default swaps, etc... All it really took to pull the card house down was a few people saying "wait a minute, this doesn't make sense, what's backing up these investments?". The moment that there wasn't complete believe in the system, everything fell apart.

[thehoodedcoder]

who ever bought it for 14k from heritage auction has it for sale for 30k there. i wonder if they ever got the card in their hand?

did anyone on the board buy it?

kevin