A new low in net54 lowball offers

[chaddurbin]

12% discount to a prewar crowd where dealers jack up an e95 common 300% is not similar to the cutthroat world of modern wax boxes. you guys stick to something you at least can feign knowledge about (prewar cards).

[GoldenAge50s]

Cardboard is worth MORE than gold, esp on a cold nite! I can load my woodstove w/ '88 Donruss & be nice & warm, while you (meaning ANYONE) sit there w/ your cold gold & freeze your -ss off!

[Eric72]

I respectfully contend that "usefulness" has absolutely nothing to do with "value." To wit, consider the paradox of value (diamond-water paradox) posited by Adam Smith.

Much like diamonds - or gold, since that topic has entered the conversation - baseball cards are not even remotely as useful as water. However, again much like diamonds, a single baseball card can command a price that exceeds thousands of gallons of water.

Solely within the framework of the American economy, I believe that the concept of diminishing marginal utility can be applied to water...and, within the hobby, collectors tend to chase cardboard "gems" or "gold" with the same mindset that others may consider when purchasing jewelry.

So, at the end of the day, what does all this mean? In my opinion, it means that diamonds, gold, and cardboard have varying levels of "usefulness," which has zero correlation to their "value."

Best Regards,

Eric

[calvindog]

I'm convinced Peter Chao has come back to Net 54 under a new name. There's no other explanation.

[Eric72]

Originally Posted by calvindog

I'm convinced Peter Chao has come back to Net 54 under a new name. There's no other explanation.

Hi Jeff,

I'm confused that your post directly followed mine. Not sure who this Peter fellow is, bit it's certainly not me.

(Smart @$$ humor specifically noted, for those among us whose sarcasm meter may be temporarily disabled )

Best regards,

Eric

[Peter_Spaeth]

Originally Posted by calvindog

I'm convinced Peter Chao has come back to Net 54 under a new name. There's no other explanation.

Jake, did you move to Florida from the West Coast by any chance?

[1952boyntoncollector]

Originally Posted by Eric72

I respectfully contend that "usefulness" has absolutely nothing to do with "value." To wit, consider the paradox of value (diamond-water paradox) posited by Adam Smith.

Much like diamonds - or gold, since that topic has entered the conversation - baseball cards are not even remotely as useful as water. However, again much like diamonds, a single baseball card can command a price that exceeds thousands of gallons of water.

Solely within the framework of the American economy, I believe that the concept of diminishing marginal utility can be applied to water...and, within the hobby, collectors tend to chase cardboard "gems" or "gold" with the same mindset that others may consider when purchasing jewelry.

So, at the end of the day, what does all this mean? In my opinion, it means that diamonds, gold, and cardboard have varying levels of "usefulness," which has zero correlation to their "value."

Best Regards,

Eric

I think already touched on all those issues....can always talk about one exception..i was talking in general...plus this thread was about a 30 dollar offer on a card...not a t206 wagner.....usefulness does correlate to value on at least a basic level...I don't have use for a baseball card in most areas of the world

Currency has been in gold or gold backed for a reason...never seen currency with sports cards..... I think that would explain the better value in gold...but again I guess I wrong considering all the uses with baseball cards in the world sorry

[Eric72]

Originally Posted by 1952boyntoncollector

I think already touched on all those issues....can always talk about one exception..i was talking in general...plus this thread was about a 30 dollar offer on a card...not a t206 wagner.....usefulness does correlate to value on at least a basic level...I don't have use for a baseball card in most areas of the world

Currency has been in gold or gold backed for a reason...never seen currency with sports cards..... I think that would explain the better value in gold...but again I guess I wrong considering all the uses with baseball cards in the world sorry

You touched upon Adam Smith, macroeconomics, the diamond-water paradox, and diminishing marginal utility? Sorry, I missed that.

[Eric72]

Originally Posted by 1952boyntoncollector

Currency has been in gold or gold backed for a reason

I won't go all Ben Bernanke on you on this topic. However, I will remind you that the world has been decoupled from the gold standard for well over 40 years.

And there's a reason for this.

[nolemmings]

However, I will remind you that the world has been decoupled from the gold standard for well over 40 years.

I've been decoupled. If not done properly it can hurt.

[begsu1013]

time is the most valuable commodity. and knowing that, i wish i had my 8 minutes back that it took to read the last few pages of this thread.

[wonkaticket]

Originally Posted by Eric72

However, I will remind you that the world has been decoupled from the gold standard for well over 40 years.

When did this happen, did they send out an email or something? Are these still any good?

[Eric72]

Originally Posted by wonkaticket

When did this happen, did they send out an email or something? Are these still any good?

lol, John. Great image, by the way.

I think Richard M. Nixon is better suited to answer your question than I am.

Best regards,

Eric