Off Topic: 1980 Topps

[Leon]

Originally Posted by barrysloate

Those labels mint money, so you really do have to wonder exactly what is going on.

The description in the auction says there are almost 1300 of the 9s. And with around 13 of the 10s I would guess PSA is minting money from grading review submissions on the 9s....

[barrysloate]

Originally Posted by Leon

The description in the auction says there are almost 1300 of the 9s. And with around 13 of the 10s I would guess PSA is minting money from grading review submissions on the 9s....

+1

I'm certain there is a cottage industry of people who do nothing more than submit hundreds of 9's with the hope of getting back a few 10's. Some probably make a high five-figure, or even a six-figure income doing nothing more than looking for nice 9's to resubmit. Like I said, the TPG's are minting money. And where else can you buy something for $400, resubmit it, and if it bumps to a 10 get back a commodity worth 30K? The only thing I can find even remotely comparable is buying a lottery ticket, and hitting a jackpot.

[bgar3]

Barry, there was a comparable of sorts in the 1980's and early 90's in the first edition modern literature bookcollecting world as it pertained to mint condition dust jackets. First books by modern authors were selling for more than nice Fitzgerald or Steinbecks. When the bubble burst the ensuing sell off resulted in what booksellers describe as a race to the bottom. (yes, a few will still hold up, a vast majority did not).

[barrysloate]

Bruce- was it based on the condition of the dust jackets, or on some other factor?

[bgar3]

All condition of the dust jacket, but especially for first books by an author(like rookie cards). They even started to value author signatures only over nice inscriptions, and some of that is still around. Unlike some cards though, printing or binding errors(unless they denote an issue point), destroy the value entirely.

[yanks12025]

Originally Posted by Leon

The description in the auction says there are almost 1300 of the 9s. And with around 13 of the 10s I would guess PSA is minting money from grading review submissions on the 9s....

WOW.. And I bet those 13 10's were done for only special people.

[grainsley]

An egotist and his money are soon parted.

[conor912]

that's a lot of hookers and blow