PWCC E98 Black Swamp (De-Identi-) Find

[groundskeeper]

The PWCC BSF Bender sold for $2000 more than a Memory Lane BSF Bender (of the same grade) 3 days prior. Maybe the drug dealer/money launderer who bought it will feel bad when he finds out there's a bunch more cards yet to hit the market.

[Peter_Spaeth]

Paul good research, to me the most likely explanation is the family held some back and/or moved some other than to Heritage.

[mechanicalman]

Originally Posted by groundskeeper

The PWCC BSF Bender sold for $2000 more than a Memory Lane BSF Bender (of the same grade) 3 days prior. Maybe the drug dealer/money launderer who bought it will feel bad when he finds out there's a bunch more cards yet to hit the market.

Wow. Aggressive.

[RCMcKenzie]

My understanding is that he found them in grandpa's attic and the rest is history. It sort of ruined e98's for me as I have not bid on one since 2011.

[Goudey77]

I guess i'm not understanding why this ruins the demand or why collectors would fall out of favor for the e98's? They are still relatively scarce. The recent sale prices show that there is little impact to the demand.

[darwinbulldog]

Originally Posted by Goudey77

I guess i'm not understanding why this ruins the demand or why collectors would fall out of favor for the e98's? They are still relatively scarce. The recent sale prices show that there is little impact to the demand.

Relative to what? PSA 3 T206s?

[swarmee]

This set has a weird dichotomy that prior to the find, a PSA 5 was a wonderful conditioned card and would sell for a premium since the majority of known examples were in lower grade. So everyone that bought in to mid-grade cards prior to the find spent a bunch of money.
Once the find occurred, those original collectors probably felt bait and switched just because their classic set which was high grade at the time, relatively speaking, would now be considered low to midgrade forevermore, because of BSF.

I'd probably feel the same about the thousands I've spent on accruing the highest graded PSA set of T51 Murad cards, but I knew that was a risk when I started it.

[RCMcKenzie]

When I first heard about the BSF I thought the backstory would be something like:

( " hey all, my great grandfather was the senior v.p. at Old Put Cigars and he took these 700 cards in f-nm home directly from the producer and they have not seen the light of day until now. Enjoy.")

Instead they are in nm/mt to gem mint pristine with basically no explanation.

[tbob]

Originally Posted by swarmee

This set has a weird dichotomy that prior to the find, a PSA 5 was a wonderful conditioned card and would sell for a premium since the majority of known examples were in lower grade. So everyone that bought in to mid-grade cards prior to the find spent a bunch of money.
Once the find occurred, those original collectors probably felt bait and switched just because their classic set which was high grade at the time, relatively speaking, would now be considered low to midgrade forevermore, because of BSF.

I'd probably feel the same about the thousands I've spent on accruing the highest graded PSA set of T51 Murad cards, but I knew that was a risk when I started it.

Agree 100%. When I put my E98 set together there were several SGC 50's and 60's because they were the highest or 2nd highest at the time. Little did I know the Black Swamp Find was on the horizon. Luckily I bought 5 Black Swamp cards as upgrades to my set but waited until the prices started to fall. I do feel your pain though because of the glut of high graded BSF cards on the market. Still glad I have it as it is a nice small set. I'm just hoping there is never a "White Meadows Find" of pristine E94s lol...

[ullmandds]

Originally Posted by RCMcKenzie

My understanding is that he found them in grandpa's attic and the rest is history. It sort of ruined e98's for me as I have not bid on one since 2011.

I totally agree!!!! I collect color runs...and I have an e98 color run of jennings. It took me years to complete...as these cards are/were really hard to find especially in a certain color background...and as has been stated I think there were a few higher grade e98's out there...but nothing like the BSF provided!!!!

I was glad there were few jennings cards in the find...but I always felt these BSF cards shouldn't warrant similar values to "original" circulated ones.

[ullmandds]

I suppose the more I think about it the BCF find is very similar to the high-grade find of 1952 topps cards that Mr. mint bought many years ago. And likely overtime the black swamp cards will find their ways into new holders not linking them to the find and they Will get snatched up by collectors who do not know the backstory for large sums of money!!

[RCMcKenzie]

Peter- My official position is that I don't have enough information to offer an opinion as to when they were made. I don't know, and am not an expert on e98.

Pete- remember the Tango Egg find? They were not all in Mint condition, but I think it was in Louisiana and maybe Ohio has a nicer climate.

Brian, here's one I have that "presents nicely for the grade"...(I think I still have it, it's an old scan.)

[CobbSpikedMe]

Here's one of my low grade E98s. I love this card because it was from the Lionel Carter collection. The condition is horrible, but I like that Lionel was ok with it enough to have it in his collection too.


.

[pokerplyr80]

Originally Posted by groundskeeper

The PWCC BSF Bender sold for $2000 more than a Memory Lane BSF Bender (of the same grade) 3 days prior. Maybe the drug dealer/money launderer who bought it will feel bad when he finds out there's a bunch more cards yet to hit the market.

I'm not too familiar with the process, but if you wanted to launder drug money through the hobby wouldn't you buy cards for cash at a show, then sell through PWCC or another AH?

[ullmandds]

My non bsf jennings run

[T206Collector]

Originally Posted by ullmandds

My non bsf jennings run

Beautiful! From a scarcity standpoint you picked the right guy to do the run. Just one BSF Jennings and it is a 1.5.

[ullmandds]

Originally Posted by T206Collector

Beautiful! From a scarcity standpoint you picked the right guy to do the run. Just one BSF Jennings and it is a 1.5.

ya I lucked out in that regard!!!! there were times at nationals I'd be looking for e98's...only to find maybe a small handfull...at the whole national!!!!! That all changed after the BSF!!!!

[glynparson]

Well it wouldn’t be the internet if we didn’t have a bunch of fools with limited knowledge spouting bs conspiracy theories.