Most over-valued card

[glchen]

I think the Pete Rose rookie card in 8 or above is overvalued. Just too much supply. I like Pete Rose, and believe he should be in the HOF, but you can't tell me that he's even in the Top 20 of best baseball players ever. That floating head 4-1 rookie card isn't even a nice image of him on a card either.

I can understand why some vintage postwar RC's have a greater "multiplier effect" than many prewar greats like Ruth or Cobb. Then reason is that many collectors stick with only Topps cards. For others, it can be very difficult to determine what the correct rookie card is for a prewar player. For Ruth, there different back variations for the M101-5 and M101-4. And some publications (Beckett, I believe) don't even consider that his rookie card but say something like the 1933 Goudey is Ruth's rookie card due to national distribution. That can confuse many collectors. For Cobb, it's even harder to pin down what his "best" rookie card could be.

[SMPEP]

Every PSA 7, 8, 9 and 10 card.

I have no idea why buyers have allowed themselves to be duped by the sellers/dealers (who have a vested interest) into believing pristine looking cards are worth more money.

Either you have a 52 Mantle or you don't. It's a binary event. Having the "best looking 52 Mantle" (whatever that means to 2,000 different people) shouldn't command a premium of many multiples - if the market behaved rationally.

No one here would pay $10,000 for a "better" sandwich than the one that cost $15. Yet folks willingly over pay this for cardboard every single day.

But I'm glad all these people buy all these overpriced cards - because if they didn't, I wouldn't be able to have a collection in the first place.

[Aquarian Sports Cards]

Originally Posted by SMPEP

Every PSA 7, 8, 9 and 10 card.

I have no idea why buyers have allowed themselves to be duped by the sellers/dealers (who have a vested interest) into believing pristine looking cards are worth more money.

Either you have a 52 Mantle or you don't. It's a binary event. Having the "best looking 52 Mantle" (whatever that means to 2,000 different people) shouldn't command a premium of many multiples - if the market behaved rationally.

No one here would pay $10,000 for a "better" sandwich than the one that cost $15. Yet folks willingly over pay this for cardboard every single day.

But I'm glad all these people buy all these overpriced cards - because if they didn't, I wouldn't be able to have a collection in the first place.

Not to be a jerk, but a sandwich isn't a collectible. Condition has ALWAYS mattered in EVERY collectible market, coins, antiques, stamps, Tonka Trucks, whatever. While you may have a point to make about infinitesimal differences between 9's and 10's, calling 1952 Mantle ownership a binary event is a little out of touch with, well, the entire rest of the world.

[Leon]

Originally Posted by Aquarian Sports Cards

Not to be a jerk, but a sandwich isn't a collectible. Condition has ALWAYS mattered in EVERY collectible market, coins, antiques, stamps, Tonka Trucks, whatever. While you may have a point to make about infinitesimal differences between 9's and 10's, calling 1952 Mantle ownership a binary event is a little out of touch with, well, the entire rest of the world.

I am about to go collect either some hot wings or Chinese food. I won't collect it for long most likely ....(that made me laugh)

[ALR-bishop]

You guys who think food is not a collectible need to pay closer attention to what you are eating

http://r.search.yahoo.com/_ylt=AwrTc...hGRvrw9kPhOMY-
http://r.search.yahoo.com/_ylt=A86.J...cHMcKWWrsKjzg-

[clydepepper]

Originally Posted by Leon

I am about to go collect either some hot wings or Chinese food. I won't collect it for long most likely ....(that made me laugh)

Leon- regrettably, we are 'collecting' from the same places...and I see my collection every morning in the mirror- UGH!

CONDITION really DOES matter.

[Aquarian Sports Cards]

Originally Posted by Leon

I am about to go collect either some hot wings or Chinese food. I won't collect it for long most likely ....(that made me laugh)

those would be intestinal differences, not infinitesimal ones...

[Gary Dunaier]

Originally Posted by Leon

I am about to go collect either some hot wings or Chinese food. I won't collect it for long most likely ....(that made me laugh)

I doubt that people who buy souvenir beers or souvenir sodas at the ballpark actually keep 'em as souvenirs.


(Photo taken April 24, 2013. © Gary Dunaier. Link to upload on Flickr.com: here.)

[begsu1013]

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[Dpeck100]

Originally Posted by SMPEP

Every PSA 7, 8, 9 and 10 card.

I have no idea why buyers have allowed themselves to be duped by the sellers/dealers (who have a vested interest) into believing pristine looking cards are worth more money.

Either you have a 52 Mantle or you don't. It's a binary event. Having the "best looking 52 Mantle" (whatever that means to 2,000 different people) shouldn't command a premium of many multiples - if the market behaved rationally.

No one here would pay $10,000 for a "better" sandwich than the one that cost $15. Yet folks willingly over pay this for cardboard every single day.

But I'm glad all these people buy all these overpriced cards - because if they didn't, I wouldn't be able to have a collection in the first place.

This post boggles my mind.


Why are there different prices for similar models of cars? Is every Porsche created equal?

Condition has mattered in card collecting since I got started in 1985. It will never change.

Would you be more comfortable owning a painting that was ripped and stained then one that is in pristine condition and you can clearly see the image without any distractions to the eye?

[Leon]

Originally Posted by Dpeck100

This post boggles my mind.


Why are there different prices for similar models of cars? Is every Porsche created equal?

Condition has mattered in card collecting since I got started in 1985. It will never change.

Would you be more comfortable owning a painting that was ripped and stained then one that is in pristine condition and you can clearly see the image without any distractions to the eye?

Agreed. ...It's almost exactly opposite of what is stated . And as for condition, it has always been something collectors have focused on since at least the 1930s. Better looking specimens are more desirable and therefore more valuable. It seems like common sense to me.

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[begsu1013]

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[Dpeck100]

Originally Posted by begsu1013

so all toilet paper isn't created the same?

Not like Charmin Ultra Soft!

[Eggoman]

Originally Posted by Leon

Agreed. ...It's almost exactly opposite of what is stated . And as for condition, it has always been something collectors have focused on since at least the 1930s. Better looking specimens are more desirable and therefore more valuable. It seems like common sense to me.

.

Does that hold true for WOMEN too???

[Stampsfan]

Originally Posted by Eggoman

Does that hold true for WOMEN too???

Having been through a couple of hot "crazies", I'd have to say no.

[bravos4evr]

Originally Posted by Dpeck100

This post boggles my mind.


Why are there different prices for similar models of cars? Is every Porsche created equal?

Condition has mattered in card collecting since I got started in 1985. It will never change.

Would you be more comfortable owning a painting that was ripped and stained then one that is in pristine condition and you can clearly see the image without any distractions to the eye?

This is true sure, but lately the difference between super excellent and super duper excellent has gone off the reservation. There once was more of a graduated price ramp from "poor" all the way to "mint" and you could see a logical path along the way. Now, you see some cards are "poor" at $500 and "mint" at $500,000 and that doesn't seem to follow any path of logic at all. I mean people spend what they want and buy what they want, and that's their bidness (the high end market doesn't impact me much) but eventually, this is all going to crash and burn as the prices don't seem to reflect any sort of rational decision making but rather a falsely manufactured profit chase. People buying $90,000 Rose PSA 9's then flipping em for $150k to another who buys hoping to flip for $200k....etc eventually, someone is gonna lose their shirt and the resulting domino effect could bring the entire high end market crashing down (thus impacting the lower markets along the way)


edited to add: paintings aren't really applicable because fine art is "one off" creations whereas cards are a manufactured commodity. There aren't 50,000 "Starry Night" original paintings floating around out there in various states of condition.

[Republicaninmass]

Greater fool theory

[begsu1013]

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[Touch'EmAll]

I went through the top 4 pages of PWCC looking for pre war cards from highest priced all the way down to $600. Saw not one single pre war card. No Cobb's, No Ruth's, No Gehrig's, No Walter Johnson's, etc. Hmmm.

Would love to see when some HOFer T206's or other pre war HOFers come up for auction what they go for. Then will be able to get a better handle on the stuff "we" collect.

[KCRfan1]

If we only had a crystal ball!

[Econteachert205]

Originally Posted by Republicaninmass

Greater fool theory

Yes. Like I tell everyone, I'm a terrible baseball card businessperson and even I have been doing ok. It scares me.

[Dpeck100]

Originally Posted by bravos4evr

This is true sure, but lately the difference between super excellent and super duper excellent has gone off the reservation. There once was more of a graduated price ramp from "poor" all the way to "mint" and you could see a logical path along the way. Now, you see some cards are "poor" at $500 and "mint" at $500,000 and that doesn't seem to follow any path of logic at all. I mean people spend what they want and buy what they want, and that's their bidness (the high end market doesn't impact me much) but eventually, this is all going to crash and burn as the prices don't seem to reflect any sort of rational decision making but rather a falsely manufactured profit chase. People buying $90,000 Rose PSA 9's then flipping em for $150k to another who buys hoping to flip for $200k....etc eventually, someone is gonna lose their shirt and the resulting domino effect could bring the entire high end market crashing down (thus impacting the lower markets along the way)


edited to add: paintings aren't really applicable because fine art is "one off" creations whereas cards are a manufactured commodity. There aren't 50,000 "Starry Night" original paintings floating around out there in various states of condition.

My post from another forum on Bren't post that is did on both boards. I think this sums up the current market.


Nice to see you post on the forum about the topic Brent.

One of the hardest parts of investing is being early in a trend and staying on the bull. It is so much easier said than done. Scads of people have said I wanted to buy that stock at $10 and now it is $100. Had I put x amount in it I would have x. Yeah sure. Along the way you have to deal with death defying pullbacks that can easily shake a human out. The easy part is you can go right back into the market and get your shares back essentially anytime you want just at a different price good or bad. With rare cards you can't so there is a much different attachment and fear of selling.

You make a great point about supply. The total population is only one metric to look at. The immediate supply is more important and there are a multitude of cards locked up in collections that buyers know aren't coming to market.


I personally view most high end cards as appealing to a persons bragging rights. The higher the prices go the more bragging rights associated with them and the more others want them.

I sum up the market with a line from this clip.

The illusion has become real and the more real it becomes the more desperate they want it.

https://www.youtube.com/watch?v=IVjCRWbvM4c


My wrestling cards were considered garbage, worthless, only for losers, gay and any other negative comment one can make. It wasn't just people in the card collecting community but personal friends and associates in the financial services industry. Now that they aren't worthless they are cool, awesome, so unique and so on. People hate things at low prices and love them at high prices.

Telling someone you own a perfect mint Michael Jordan rookie sounds great. The first question is how much is it worth. (2010) $6,500. Wow that is pretty cool. Fast forward to 2016 and it is $35,000+. Man that is so awesome!!! Bingo.

[jason.1969]

Originally Posted by bravos4evr

This is true sure, but lately the difference between super excellent and super duper excellent has gone off the reservation. There once was more of a graduated price ramp from "poor" all the way to "mint" and you could see a logical path along the way. Now, you see some cards are "poor" at $500 and "mint" at $500,000 and that doesn't seem to follow any path of logic at all. I mean people spend what they want and buy what they want, and that's their bidness (the high end market doesn't impact me much) but eventually, this is all going to crash and burn as the prices don't seem to reflect any sort of rational decision making but rather a falsely manufactured profit chase. People buying $90,000 Rose PSA 9's then flipping em for $150k to another who buys hoping to flip for $200k....etc eventually, someone is gonna lose their shirt and the resulting domino effect could bring the entire high end market crashing down (thus impacting the lower markets along the way)


edited to add: paintings aren't really applicable because fine art is "one off" creations whereas cards are a manufactured commodity. There aren't 50,000 "Starry Night" original paintings floating around out there in various states of condition.

Yep.

[steve B]

Originally Posted by Dpeck100

Would you be more comfortable owning a painting that was ripped and stained then one that is in pristine condition and you can clearly see the image without any distractions to the eye?

Same artist or different?
There are quite a few artists whose work I like enough that I'd take a damaged painting - Or for many of them a print if they made them- than a nice example of a painting by an artist I don't like.

Of course, that's from an enjoyment perspective.

So, a really bad anything by da Vinci over a nice Picasso.
Or maybe even a genuine Escher print over a nice Picasso.

Now of course, if I'm not actually paying the "real" price for it I'll go with whatever is likely to sell for more


And I've never been all that picky about condition with cards, If I buy a boxful, and some are nicer than the ones I already have I'll upgrade, but I rarely go out of my way to upgrade.

Steve B