Looking for cardboard investment

[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"...

[Peter_Spaeth]

Originally Posted by begsu1013

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"...

Bob haha. As an investment strategy, I agree with you completely. The flips have definitely taken on a life of their own and that is not likely ever to change. But purely from a collecting standpoint (if there is such a thing) it makes no sense to spend ten times as much for a card that is a microspeck better and maybe not even visible to the naked eye. Not to mention more likely altered in some way.

[begsu1013]

damn, we agree on something? gonna go ahead and document this @ 11:14pm on 9/8/2015 and i appreciate it.

and in return, i agree w/ you about the microspeck and tens of thousands of dollars of paying for such.

but this thread was in respect to investment, so that's the advice im conveying.

[Peter_Spaeth]

Originally Posted by begsu1013

damn, we agree on something? gonna go ahead and document this @ 11:14pm on 9/8/2015 and i appreciate it.

and in return, i agree w/ you about the microspeck and tens of thousands of dollars of paying for such.

but this thread was in respect to investment, so that's the advice im conveying.

Yeah it seems we do agree, for once. But that can change.

[begsu1013]

Originally Posted by Peter_Spaeth

Yeah it seems we do agree, for once. But that can change.

well chit! i hope it does. agreeing was fun and all, but...

and for the record, i would much rather have 200 1970 ryan psa 9s than 1 psa 10.

but i would crack out about 50 of them and play the resubmit game all day long!

edit: in fact there might be 10 of them and an sgc 98 sitting at psa right now as i type!

[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

[Leon]

Originally Posted by 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

Nice card. I remember pulling those from packs!!