Looking for cardboard investment

[Mick]

Originally Posted by Peter_Spaeth

My investment advice would be, don't seek or take investment advice from people you don't know on chatboards.

LMAO.

I'm a big boy. But some help narrowing it down is always nice

[bbcard1]

Hang on to your money and let the investment choose you…by that I mean that if you don't have a specific target, wait to see a lot that offers a very good buy…you should be able to buy a chunk of a set at a good discount if you are patient.

[Peter_Spaeth]

Originally Posted by Mick

LMAO.

I'm a big boy. But some help narrowing it down is always nice

Nobody here has any idea what the market is going to be tomorrow. If they pretend otherwise they are full of it. Things get hot, things get cold. In my opinion HOF rookie cards in decent grade or better are probably most likely to stand the test of time, but I could be full of it too. Or the popular issues of Ruth, Cobb, and Mantle.

[ls7plus]

Originally Posted by Peter_Spaeth

Nobody here has any idea what the market is going to be tomorrow. If they pretend otherwise they are full of it. Things get hot, things get cold. In my opinion HOF rookie cards in decent grade or better are probably most likely to stand the test of time, but I could be full of it too. Or the popular issues of Ruth, Cobb, and Mantle.

Now Pete, I thought from one of our posts/discussions just prior to the National that you didn't believe vintage collectors had any significant interest in HOF rookie cards--lol. For the record, though, I do agree with you for the most part, and completely with regard to any short term investment. Long term, a very simple formula has proven to be applicable in virtually every collectibles field with regard to appreciation in value: rare, significant, and in the best condition you can find or afford! Condition is of course the easy part, whereas determining how rare and/or significant an item is depends on study, research, and knowledge--and from there, you just have to make your best guess (or analysis). My study of the coin, car, and rare books field, as well as what has happened in this area of collectibles since the late '70's, indicates that if something is truly rare and significant, demand will eventually come around. In contrast, things which are only moderately scarce, rather than truly rare, tend to be cyclical in terms of their appreciation in value.

Always enjoy your posts and wish you the best,

Larry

[Peter_Spaeth]

Larry LOL, I guess I should have clarified I was thinking for the most part about the post-war HOF RCs that keep seeing so much appreciation -- Mantle, Aaron, Clemente, Jordan, Montana, and so forth. But I would buy those obscure pre-war ones over commons any day.

[ls7plus]

Originally Posted by Peter_Spaeth

Larry LOL, I guess I should have clarified I was thinking for the most part about the post-war HOF RCs that keep seeing so much appreciation -- Mantle, Aaron, Clemente, Jordan, Montana, and so forth. But I would buy those obscure pre-war ones over commons any day.

Pete, did you see the gargantuan sums the Clemente and Koufax rookies in PSA 9 went for in the Heritage auction a little over a month ago? More than $300K each, if memory serves correctly. This tells me that our little old hobby has quite a ways to go, especially once the big boys get involved! Personally, I believe that even Pre-War is in its infancy, compared to other collectible fields. If anyone else won an item as I did in Leon's recent auction, they likely received a book from Heritage along with it. Some of the other items in various other areas of collecting which were depicted in this book fetched truly astronomical $$$.

Best wishes,

Larry

[Peter_Spaeth]

Originally Posted by ls7plus

Pete, did you see the gargantuan sums the Clemente and Koufax rookies in PSA 9 went for in the Heritage auction a little over a month ago? More than $300K each, if memory serves correctly. This tells me that our little old hobby has quite a ways to go, especially once the big boys get involved! Personally, I believe that even Pre-War is in its infancy, compared to other collectible fields. If anyone else won an item as I did in Leon's recent auction, they likely received a book from Heritage along with it. Some of the other items in various other areas of collecting which were depicted in this book fetched truly astronomical $$$.

Best wishes,

Larry

Larry yeah I saw those. Flip buying madness.

[begsu1013]

Originally Posted by Peter_Spaeth

Larry yeah I saw those. Flip buying madness.

again, if they key word and focus is on investing, then drop the set idea and stick w/ one card, highest grade possible as i stated above.

above are 2 primary examples. there was also a 70 ryan psa 10 that gained $13K from the previous sale (same exact card) in only 2 years time.

1 card. easy sale. monumental returns.

no brainer for us collectors that aren't "intelligent"...

[ls7plus]

Originally Posted by ls7plus

Pete, did you see the gargantuan sums the Clemente and Koufax rookies in PSA 9 went for in the Heritage auction a little over a month ago? More than $300K each, if memory serves correctly. This tells me that our little old hobby has quite a ways to go, especially once the big boys get involved! Personally, I believe that even Pre-War is in its infancy, compared to other collectible fields. If anyone else won an item as I did in Leon's recent auction, they likely received a book from Heritage along with it. Some of the other items in various other areas of collecting which were depicted in this book fetched truly astronomical $$$.

Best wishes,

Larry

Self-correction: The Clemente went for $310,000; the Koufax went for only $89,000. I guess I was thinking of the 1952 Topps Mantle in PSA 8, which went for $382,000 (it was a mere $112,000 card in 2010!). Male egos with lots and lots of money!

Regards,

Larry

[begsu1013]

and here she is. need for my basic topps ryan run, so i wont be cashing in on my $40k lottery ticket...

which still leaves me $1200 in the hole, plus about $150 in shipping/grading fees.

i'll get by, i guess...

not too bad for an unintelligent collector