Advice on Collecting

[Iron_man]

Thanks guys for the advice, this really helps.

It's like last night I was looking and thinking about buying a 69 Topps-Kareem rookie PSA-6 that was really nice for around $290. But then I started to look at a PSA-7 that was about $500 and I could not decide which direction to go. Now the PSA-8 is easily $2,000+ so I kind of wrote that off, b/c with the volume I plan on buying at it would just be too expensive to start buying like that.

But I could go 6 or 7 and the whole idea of do I go higher or lower came into play and lead to me seeking advice.

Overall I'm looking to buy a LOT of the major stars RC so for example in football (Brady, Manning, Montana, Rice, Elway, Marino, Sanders, Walter Payton, Jim Brown, Bart Star, Johnny Unitas, etc.) Of course I'll be buying the most in cards in baseball but I think you see where I'm going with this. Major players from current back to the 50's and maybe later.

With that said unless I want to have like 60K invested in cards (which I don't) I'm going to have to be in the less than 1K (maybe mid hundreds) price range for a lot of these. However I will go over 1K for the really elite RC cards (Aaron, Mays, Clemente, Rose, Nolan Ryan, MJ, etc.)

Ok sorry for rambling on, but to the point I'm now leaning towards going with the higher grade versus lower so the Montana 9 versus the 8, the Kareem 7 versus the 6, etc. . Not looking to spend multiple 1,000s on any one card (unless it's one of the very few really elite cards) but working in that range.

I have to say I really love collecting, I don't what it is but I absolutely love the whole process and collecting these cards I dreamed of owning growing up!

[1952boyntoncollector]

also rememeber there are more people out there who can pay 200 dollars on a card and not worry that they could save 10 dollars..versus people having 500 dollars....so maybe bigger value cards you have a chance to make more money but with less possible people to buy it takes longer..

also realize when you buy a card at an auction...you already are the one that was willing to pay top dollar.....if there are several unique bidders above a certain price point..thats the price point in which you can sell it back ..so realize that the more you want a card..the less of a chance someone will want the card as much as you price wise..but again..if its 100 bucks..people can pay that if dont love the card cause its 100 versus 500 ...

[Iron_man]

Originally Posted by 1952boyntoncollector

also rememeber there are more people out there who can pay 200 dollars on a card and not worry that they could save 10 dollars..versus people having 500 dollars....so maybe bigger value cards you have a chance to make more money but with less possible people to buy it takes longer..

also realize when you buy a card at an auction...you already are the one that was willing to pay top dollar.....if there are several unique bidders above a certain price point..thats the price point in which you can sell it back ..so realize that the more you want a card..the less of a chance someone will want the card as much as you price wise..but again..if its 100 bucks..people can pay that if dont love the card cause its 100 versus 500 ...

Another great point, I've had this general thought before as well. Statistically speaking the fat part of the bell curve is probably around the mid range price, whereas the higher prices are in the tails of the curve. Basically you have a much larger population that can afford a lower price and as you go up the population declines. A very good point to consider and I think if you look at something like a Montana PSA-10 that goes for like $12,000 you are talking about a pretty small population that would actually be able and willing to drop that kind of money on one card. It's almost like outliers so to speak.

But overall a good thought, I don't want to get over zealous and over buy on grade when I could be perfectly happy and safe in the happy medium.

Thanks

[pawpawdiv9]

1. Collect what you love
2. Buy the card, not the holder(grade)

I started with Mantle, and changed my focus over to RC's. As mentioned, you can find better cards in lower grades with better centering. (you can ask MattyC, as he is our so-called resident for finding centered cards- as hes been really hot on the subject)
There are people with $$$, spending it so freely to maintain a top registry grade.
You gotta find what kind of collector you are and stick with it, whether its a set builder or team/player collector and etc.

[Bestdj777]

Personally, I'm a quantity over quality guy. I'd rather have 10 HOf rookies in PSA 2, which can be very aesthetically pleasing to me, than 1 PSA 8. Down the line, they may not appreciate in value much but I think there are always more people that can afford a low grade Mantle rookie compares to a high grade.

At the end of the day, buy cards you like at prices you are comfortable with and you can't lose.

[jb67]

Originally Posted by Iron_man

Thanks guys for the advice, this really helps.

It's like last night I was looking and thinking about buying a 69 Topps-Kareem rookie PSA-6 that was really nice for around $290. But then I started to look at a PSA-7 that was about $500 and I could not decide which direction to go. Now the PSA-8 is easily $2,000+ so I kind of wrote that off, b/c with the volume I plan on buying at it would just be too expensive to start buying like that.

But I could go 6 or 7 and the whole idea of do I go higher or lower came into play and lead to me seeking advice.

Overall I'm looking to buy a LOT of the major stars RC so for example in football (Brady, Manning, Montana, Rice, Elway, Marino, Sanders, Walter Payton, Jim Brown, Bart Star, Johnny Unitas, etc.) Of course I'll be buying the most in cards in baseball but I think you see where I'm going with this. Major players from current back to the 50's and maybe later.

With that said unless I want to have like 60K invested in cards (which I don't) I'm going to have to be in the less than 1K (maybe mid hundreds) price range for a lot of these. However I will go over 1K for the really elite RC cards (Aaron, Mays, Clemente, Rose, Nolan Ryan, MJ, etc.)

Ok sorry for rambling on, but to the point I'm now leaning towards going with the higher grade versus lower so the Montana 9 versus the 8, the Kareem 7 versus the 6, etc. . Not looking to spend multiple 1,000s on any one card (unless it's one of the very few really elite cards) but working in that range.

I have to say I really love collecting, I don't what it is but I absolutely love the whole process and collecting these cards I dreamed of owning growing up!

Iron_Man,
In regards to you buying a PSA 6 Alcindor/Jabbar rookie compared to a PSA 7. I jumped back into collecting earlier this year and initially went with the PSA 7. I remember reading somewhere to buy the highest grade you can afford. Just like you I was not willing to shell out 2k plus for PSA 8 Jabbar rookie and settled for the 7. Then one day I realized that my 7 did not look near as good as this PSA 6 that I was looking at. I eventually sold my 7 and purchased the 6 because it was more appealing to my eye.

I would suggest that you do your homework before buying any of your mid to high-end rookies. Look at the VCP data. If you have not joined I would suggest that you do. I have used it and it has paid for itself already. Don't just look at the prices on VCP but look at images that have sold. The image can tell you a lot about why that PSA 7 went for the price it did (centering, sharp corners, etc..) If you are patient you can get some good buys which means you will be able to potentially resell without taking a big hit. I was able to resell my PSA 7 and break about even (adding in Ebay fees). It is safe to say that what you think you really like today can and most likely will change at some point. This has been my experience. Take it for what is worth. One persons opinion. Good luck and most importantly enjoy the journey.