1953 Topps PSA 10 Mickey Mantle IPO on Collectible App a Game Changer

[MattyC]

I’m giving it a whirl. Beautiful card and other versions of this fractional ownership stuff have done very well.

[Sean1125]

Other platforms have seen some success with low liquidity (one trading window every 3-4 months).

This will be far more successful with daily trading.

This one offers trading Monday to Friday. Awesome.

Liquidity on a secondary market. The actual card is the stock.

I saw this card in a binder and know it's origin collection which was in my backyard. Finest '53 Mantle and 100% unaltered, which is difficult to say in today's market.

Happy to own some of it.

I'm in.

[RL]

easy to pass on this.

[rjackson44]

Id rather own the card or cards,imo horrible investment ,,run fast!!

[japhi]

Illiquid investment that kicks off no income and has very high fee’s. Sign me up now!

[Dpeck100]

When I started the thread I knew the lion share of this group would poo poo it and I also thought it would be a good idea just to let people know what is about to hit the memorabilia market.

Here you have a PSA 1 Wagner that just sold for $1,146,000 through Mile High.

https://www.milehighcardco.com/1909_...-LOT72191.aspx

Wagner prior sales

Two PSA PR-FR1 Honus Wagners sold for $109,638 in 2004 and $132,000 in 2005

A PSA PR-FR 1 Honus Wagner sold for $400,000 in 2009

A PSA Poor 1 Honus Wagner sold for $402,900 in 2013

A PSA Poor 1 Wagner sold for $609,294 in 2017

A PSA Poor 1 Wagner sold for $1,169,875 in 2020


Every single one of you would have said the same thing at each of these times.

Perhaps this card doesn't turn into a home run but there will be some that will for sure. The creation of mutual funds and pushing them to the masses helped stock prices move from single digit price earnings multiples to some north of a 1000.

I am not suggesting this is as novel of a concept of Jeff Bazos coming on CNBC in 1999 and basically forecasting the future of commerce and having multitudes of people laugh at him only to go on to the be the richest person on the planet but do not full yourselves into thinking this won't have a dynamic impact on the collectables market. Many will choose to participate and many will choose not to but this is going to increase demand. It is that simple.

[benjulmag]

IMO there is a significant difference between investing in a rarity as opposed to a condition rarity. In contrast to a T206 Wagner (or unique works of art), in the case of the '53 Mantle one is investing in the perfect grade. As has been discussed ad nauseum, one person's 10 is another person's 9. On top of this one is also investing in the long-term credibility of PSA, which IMO entails its own risk. I think at $2.5M it is a very risky investment.

[sbfinley]

I'll look into it. I've invested in art through Masterworks for a couple years and the return has seemed to have been okay, but I don't really follow the art market and I mainly did it on a whim. Fee wise, investments like this are usually on the same par with Hedge Funds which are nonetheless popular.

The dollar is so inflated right now, though, I have paused investing more capital in anything except gold, silver, and bitcoin right now. I've even paused my weekly purchase of FAANG stocks which I've done for years now. I think it's the right idea at the wrong time. Smart money should be looking at undervalued plays right now and the sports card market doesn't really fit that outline. If we do, however, have a K shaped recovery which some are calling for now, top end collectibles will have more room to rocket.

[japhi]

Originally Posted by Dpeck100

When I started the thread I knew the lion share of this group would poo poo it and I also thought it would be a good idea just to let people know what is about to hit the memorabilia market.

Here you have a PSA 1 Wagner that just sold for $1,146,000 through Mile High.

https://www.milehighcardco.com/1909_...-LOT72191.aspx

Wagner prior sales

Two PSA PR-FR1 Honus Wagners sold for $109,638 in 2004 and $132,000 in 2005

A PSA PR-FR 1 Honus Wagner sold for $400,000 in 2009

A PSA Poor 1 Honus Wagner sold for $402,900 in 2013

A PSA Poor 1 Wagner sold for $609,294 in 2017

A PSA Poor 1 Wagner sold for $1,169,875 in 2020


Every single one of you would have said the same thing at each of these times.

Perhaps this card doesn't turn into a home run but there will be some that will for sure. The creation of mutual funds and pushing them to the masses helped stock prices move from single digit price earnings multiples to some north of a 1000.

I am not suggesting this is as novel of a concept of Jeff Bazos coming on CNBC in 1999 and basically forecasting the future of commerce and having multitudes of people laugh at him only to go on to the be the richest person on the planet but do not full yourselves into thinking this won't have a dynamic impact on the collectables market. Many will choose to participate and many will choose not to but this is going to increase demand. It is that simple.

Sure the wags has performed well. The SP 500 was under 700 bucks in 2009. Sits around 3500 today. And yes I get that is a cherry picked example but so is the Wagner.

And the problem with this scheme as an investment is you aren’t coming in at market price - there is likely a significant premium attached to the 2.5mm - and the fee’s are most likely outrageous. When the card sells, fees will again be outrageous.

So as a roll the dice, have fun, I think it’s cool. 10k is a nice vacation in Hawaii so I’m not going to knock anyone that likes to play with expendable cash.

But as a traditional investment these things are a joke for the reasons above.