Changing of the Guard: The Commoditization of Sportscards

[Yoda]

Watch out Hobby when the next T206 Honus hits the market. Dutch tulips step aside, this is the real deal. I bet a few of the lucky holders of the "Holy Grail" are getting itchy palms just wondering how much the old boy might fetch. Lots and lots of Benjamins for one baseball card. Hmmm

[Exhibitman]

Originally Posted by Yoda

Watch out Hobby when the next T206 Honus hits the market. Dutch tulips step aside, this is the real deal. I bet a few of the lucky holders of the "Holy Grail" are getting itchy palms just wondering how much the old boy might fetch. Lots and lots of Benjamins for one baseball card. Hmmm

Forget the Benjamins; Woodrow Wilsons.

[bravos4evr]

The thing is, those "investors" who pay $150k for a rose rookie are going to want to flip it for $200k and soon too, eventually there is going to come a time when some of these "whales" (to use gambling parlance) are going to liquidate everything and someone , or several ones, are going to be left holding the bag as the prices become unsustainable. Sure some cards will always rise, but they tend to do it slowly, these 1000% bumps in just a few months are going to cause a landslide eventually.

[bobbyw8469]

Originally Posted by bravos4evr

The thing is, those "investors" who pay $150k for a rose rookie are going to want to flip it for $200k and soon too, eventually there is going to come a time when some of these "whales" (to use gambling parlance) are going to liquidate everything and someone , or several ones, are going to be left holding the bag as the prices become unsustainable. Sure some cards will always rise, but they tend to do it slowly, these 1000% bumps in just a few months are going to cause a landslide eventually.

+1 - couldn't have said it any better myself.

[Maraya]

It's got to be a bubble. What goes up, must come down. I saw a tremendous rise of coins in the 1980 rare coin market with wall street investors buying up rare coins. Then in the early 80's the market began to slide downwards as those investors began to sell off. it has taken years maybe couple of decades to come back. Make purchases with the head, not the heart.

[Rich Klein]

Originally Posted by Maraya

It's got to be a bubble. What goes up, must come down. I saw a tremendous rise of coins in the 1980 rare coin market with wall street investors buying up rare coins. Then in the early 80's the market began to slide downwards as those investors began to sell off. it has taken years maybe couple of decades to come back. Make purchases with the head, not the heart.

Welcome to the board. For those who don't know her - Marion is a long time well respected card dealer

Rich

[vintagesportscollector]

Originally Posted by Rich Klein

Welcome to the board. For those who don't know her - Marion is a long time well respected card dealer

Rich

Welcome! 7 years to make your first post...that's a new record.

[bobbyw8469]

More Kool-Aid to drink! I remember when this was $1,000 card not too long ago!

http://siriussportsauctions.com/1953...OT1019414.aspx

[steve B]

Originally Posted by Exhibitman

Forget the Benjamins; Woodrow Wilsons.

Great reference! I wonder how may got it?

Chase would be more realistic, and I'd guess you know why, but does anyone else?

Steve B

[bobbyw8469]

Originally Posted by steve B

Great reference! I wonder how may got it?

Chase would be more realistic, and I'd guess you know why, but does anyone else?

Steve B

Yes...we've all seen the big bills.

[steve B]

I've never seen the two big ones in person, but did often win a few beers using them as bar trivia questions. The top one isn't believed to have circulated publicly but was used for transferring largish sums between banks.

Steve B

[jmb]

The $100k Wilson bill is illegal to own as it was only used between banks. It has an orange back as it is a Gold Certificate. The $10k Chase bill is the largest bill one can legally own. It was issued as both a Federal Reserve note and a Gold Certificate. Another hobby of mine.