Anyone hesitant to buy now?

Kingcobb · #1 08-16-2020, 02:29 PM

I collect PSA 5 T206's, commons I was paying 75 to 100 dollars are now gong for $200 and up, and HOF'ers are insane. I can't bring myself to pay these prices I have only picked up 1 card the past year. If these prices continue I will probably cash out its very tempting could double or triple my original cost.

Ronnie73 · #2 08-16-2020, 03:14 PM

I am somewhat sitting on the sidelines since the price increases but occasionally I still do purchase a T206 for my set when the price is super reasonable. I also collect other items such as coins and I've had really good luck purchasing rare varieties at common prices. The deals are still out there. There just isn't as many as there used to be. I'm still spending all of my monthly budget so basically I'm still staying pretty busy and I feel that the items I'm purchasing are more stable than the dollar currently is.

Jewish-collector · #3 08-16-2020, 04:51 PM

Quote:

Originally Posted by Ronnie73

I am somewhat sitting on the sidelines since the price increases but occasionally I still do purchase a T206 for my set when the price is super reasonable. I also collect other items such as coins and I've had really good luck purchasing rare varieties at common prices. The deals are still out there. There just isn't as many as there used to be. I'm still spending all of my monthly budget so basically I'm still staying pretty busy and I feel that the items I'm purchasing are more stable than the dollar currently is.

Ron - Here you go. A chance to get a bunch of T206 cards at a "super reasonable" price.

https://www.sportscollectorsdaily.co...-high-auction/

ullmandds · #4 08-16-2020, 05:01 PM

I would avoid whats going through the roof at the moment...like jordan rookies...modern basketball. Blue chip vintage will be fine. Demand has caught up to supply for quality pre war stuff.

Rhotchkiss · #5 08-16-2020, 04:15 PM

Quote:

Originally Posted by Kingcobb

I collect PSA 5 T206's, commons I was paying 75 to 100 dollars are now gong for $200 and up, and HOF'ers are insane. I can't bring myself to pay these prices I have only picked up 1 card the past year. If these prices continue I will probably cash out its very tempting could double or triple my original cost.

I believe these price increases are real and not the result of shilling, no-sales, or other price manipulation. There are many cards whose values are truly up, including PSA 5 T206s.

If you can afford them and are willing and able to hold for the long term (5-10+ years), I believe T206s, Cobbs, Ruths, Jacksons, Wagners, other rare pre WWI issues and blue chip HOFers are great investments. I have watched them increase consistently in value for 35 years (since I started collecting in the early 80's) and I do not see that changing. This is true also of Mantle, Clemente, Koufax, Aaron, Robinson, etc., but these are too "common" for me personally. Baseball cards of blue chip players will go up in the long-term. Just like stock. If you believe this, and I do, then there is no sense in trying to "time the market". Rather, believe in the investment.