Proof that the market value for PSA and 'conserved' cards have dropped

[Johnny630]

The only thing that is going to definitely stop the criminals is for the buyer to stop buying !!! I wish people would wake up but they won’t they're addicted to PSA like a dope feen on opioids. They know it’s bad but they don’t care the need the High GPA or what that think is a good investment or something they can make money off of.

It’s going to crash the value of PSA 8’s-10’s just stand by......that will be everyone’s justice

[1952boyntoncollector]

Originally Posted by Johnny630

The only thing that is going to definitely stop the criminals is for the buyer to stop buying !!! I wish people would wake up but they won’t they're addicted to PSA like a dope feen on opioids. They know it’s bad but they don’t care the need the High GPA or what that think is a good investment or something they can make money off of.

It’s going to crash the value of PSA 8’s-10’s just stand by......that will be everyone’s justice

I have found it fun to buy certain cards that are graded for less then the grading costs. So that way you can buy graded cards without helping them whichever company you dont like

its akin to buying a very used car for a brand of car you dont want to support for whatever reason....

[Dpeck100]

The Wagner is close to a million with more than 14 days to go. Apparently there are still a few out there that want to own expensive PSA graded cards.

http://www.milehighcardco.com/1909_1...-LOT64997.aspx

[perezfan]

I think quite a few people with deep pockets would like a Wagner.... regardless of who graded it.

[Dpeck100]

Originally Posted by perezfan

I think quite a few people with deep pockets would like a Wagner.... regardless of who graded it.

The card market isn't going to collapse. People have too much invested. Money, time, emotion, part of their identity, history, you name it.

This will go for a stupid number and someone will say the winner paid too much and then five years from now that will look like a cheap price.

[JeremyW]

I agree. It's a very special card & the "2" grade probably reinforces it being so special.

[Bigdaddy]

Incredible.

I'd send it back for a possible bump to a '3'.

[Rhotchkiss]

While I agree this Wagner is likely over-graded as a technical matter, I don’t think the grade matters with this card. When I get a Wagner one day, I hope it looks that good, regardless of grade.

[perezfan]

Originally Posted by Dpeck100

The Wagner is close to a million with more than 14 days to go. Apparently there are still a few out there that want to own expensive PSA graded cards.

http://www.milehighcardco.com/1909_1...-LOT64997.aspx

Speaking of this Wagner...

Would most cards with missing corners like this Wagner get a "2" grade?

So much of both top corners are missing, that a significant portion of the orange background is gone. When corner wear far exceeds the white borders, is it customary for the card to get a "2"? I've seen cards far better than this graded "1" or "AUTH".

[Bored5000]

Originally Posted by Dpeck100

The Wagner is close to a million with more than 14 days to go. Apparently there are still a few out there that want to own expensive PSA graded cards.

http://www.milehighcardco.com/1909_1...-LOT64997.aspx

I don't know that pointing to the most iconic card in the hobby really makes much of a point. A real Honus T206 will sell for huge money, no matter what holder it is in.

When people think that the value of high-grade PSA cards will fall. they are referring to 8s, 9s and 10s, not Wagner T206s in a "2" holder.

[RCMcKenzie]

Keep up the good work, gang. Rob

[Dpeck100]

Originally Posted by Bored5000

I don't know that pointing to the most iconic card in the hobby really makes much of a point. A real Honus T206 will sell for huge money, no matter what holder it is in.

When people think that the value of high-grade PSA cards will fall. they are referring to 8s, 9s and 10s, not Wagner T206s in a "2" holder.

In my view if the card world was imploding demand for all cards would decline. You would have a real shift in the demand curve and all prices would be lower. I just don't see it. The David Hall auctions did extremely well. If you look at completed listings from PWCC you wouldn't know there was an issue.

https://www.ebay.com/sch/i.html?item...g=200&_fosrp=1


Here is the link to their completed sales. If there was a bear market you would see it and you don't.

In the same Mile High auction there is a 58 Topps Mantle PSA 9 that is at nearly 19k. I don't have VCP and looked at the SMR and they have it at $22k and the only sale I saw was from 2014 and it was just over 21k.

The Mantle PSA 8 that most on this board screamed was shilled and how disgusting that a zero feedback bidder won. The person has a feedback rating now of 1 and has only bid on one item.

I think this is just going to be another round of disappointment for those that don't like PSA and grading in general.

PSA's stock was supposed to implode and instead has screamed north and is up nearly 50% since the story broke. Their sales are through the roof and their backlog is the largest in company history. It is hard for me to see a scenario where this turns on a dime.

[Rhotchkiss]

DPeck, I feel that vintage (1920 and older) prices in the last two pwcc auctions have been noticeable low, most especially in the last auction. I attribute this to vintage collectors on this and a few other hobby boards either boycotting altogether (like I am), or refusing to chase cards knowing they may be shilled. In fact, the last two vintage offerings for pwcc have been weak, which again I attribute to consignors boycotting. Maybe it’s not boycott, but a coincidence. But I choose to believe it’s the former and that consumership can make a difference/statement through buying/consigning, or curbing/ceasing, habits.

I encourage anyone who has an issue with PSA, of PWCC or any TPG or auction house, to at the least, express that issue with their wallet and choices, however that manifests. Don’t consign. Don’t bid. Don’t submit. Don’t collect. Stating “nothing is changing” on a chat board will only serve to help fulfill that very statement. Indeed, choosing to cease posting such statements is a consumership action we can all take as a stance against this....

[Johnny630]

Originally Posted by Rhotchkiss

DPeck, I feel that vintage (1920 and older) prices in the last two pwcc auctions have been noticeable low, most especially in the last auction. I attribute this to vintage collectors on this and a few other hobby boards either boycotting altogether (like I am), or refusing to chase cards knowing they may be shilled. In fact, the last two vintage offerings for pwcc have been weak, which again I attribute to consignors boycotting. Maybe it’s not boycott, but a coincidence. But I choose to believe it’s the former and that consumership can make a difference/statement through buying/consigning, or curbing/ceasing, habits.

I encourage anyone who has an issue with PSA, of PWCC or any TPG or auction house, to at the least, express that issue with their wallet and choices, however that manifests. Don’t consign. Don’t bid. Don’t submit. Don’t collect. Stating “nothing is changing” on a chat board will only serve to help fulfill that very statement. Indeed, choosing to cease posting such statements is a consumership action we can all take as a stance against this....

Agree stuff is changing....it’s going down in higher graded PSA 8’s-10’s are going to crash cards below ExMt-Nrmnt will be fine especially raw.

I do not believe many of the sold listing are Real Sales. The Vault in my Mind is a Buy Back Cover for their clients....Pump up if a dummie doesn't come in late and take the high bid card goes back in the vault to be repeated at a later date.
I guess it must be legal to do but who knows ???