PSA 9 52 Topps Mantle sells for $5.2M

[Rhotchkiss]

Originally Posted by Seven

Also this is absurd price.

I completely disagree. You will never lose money buying a card of this caliber. Never. There is always at least one person who will want the best of the best.

Regarding the T206 Wagner comment, if the Gretzky Wagner (the hand cut card that PSA graded an 8 "never get cheated"), ever went to auction, it would crush $6mm. I put the over/under at $20mm, and the next time it sold, it would be double that.

[rats60]

Originally Posted by Rhotchkiss

I completely disagree. You will never lose money buying a card of this caliber. Never. There is always at least one person who will want the best of the best.

Regarding the T206 Wagner comment, if the Gretzky Rookie (the hand cut card that PSA graded an 8 "never get cheated"), ever went to auction, it would crush $6mm. I put the over/under at $20mm, and the next time it sold, it would be double that.

I would take the over. That Wagner will always be the most valuable card. The Baltimore News is the only card that could catch it and it would take a similar high grade example that may not exist.

As for the 52 Topps Mantle, at least 2 of the 3 10s are being held by deep pockets. The 9 is realistically the best one available to new collectors/ investors. That will continue to drive the price on a 9 higher.

[sando69]

um... i don't ever remember yankee stadium being called "the house that mantle built."

[One 'ol Cat]

Originally Posted by sando69

um... i don't ever remember yankee stadium being called "the house that mantle built."

...I was referring to the 1914 Ruth. ...

[sando69]

"oh, that's very different... never mind."

[One 'ol Cat]

Originally Posted by sando69

"oh, that's very different... never mind."

Lol.

[marzoumanian]

I've seen the scenario play out over and over again and not just with baseball cards. Invest in the best within your budget. I've often seen 1952 Topps baseball cards I need that I could buy in a PSA 3, 4 or 5. I don't do it just to complete my set (fill the hole syndrome). I hold out for the PSA 6 or 7 (my financial limit). Which means I need patience and the willingness to pull the trigger when the card becomes available, even if the cost goes beyond my planned budget (within reason). For me that means knowing what PSA 6s and 7s have gone for in recent months. I do my homework by studying past transactions. I'm blessed to be in the position to do this, I know. No one can deny that this market is hot and I don't believe it's a bubble. Time will tell.
Peace.

[Seven]

Originally Posted by Rhotchkiss

I completely disagree. You will never lose money buying a card of this caliber. Never. There is always at least one person who will want the best of the best.

Regarding the T206 Wagner comment, if the Gretzky Rookie (the hand cut card that PSA graded an 8 "never get cheated"), ever went to auction, it would crush $6mm. I put the over/under at $20mm, and the next time it sold, it would be double that.

I should clarify my statement, absurd might have been a poor choice of words on my part. I said it because I don't think I'll make 5.2 Million Dollars in my lifetime, let alone be comfortable with spending that much money on a card. Unless of course I hit Powerball.

I 100% agree, I don't think the price will ever go down. It's a little shocking to me though. And I agree there's always a person that will want this card.

[ullmandds]

On the other hand...the autographed griffey jr rookie...ABSURD!!!!!!!

[Rhotchkiss]

Originally Posted by ullmandds

On the other hand...the autographed griffey jr rookie...ABSURD!!!!!!!

100% agree Pete. And there are many other adjectives I could use. I pity the fool who bought the Griffey

[ullmandds]

Originally Posted by rhotchkiss

100% agree pete. And there are many other adjectives i could use. I pity the fool who bought the griffey

haha!

[Aquarian Sports Cards]

Originally Posted by Rhotchkiss

100% agree Pete. And there are many other adjectives I could use. I pity the fool who bought the Griffey

If there actually is such a fool...

[pokerplyr80]

Originally Posted by ullmandds

On the other hand...the autographed griffey jr rookie...ABSURD!!!!!!!

Yea I didn't get that one either. I'm sure he doesn't need the money, but let's say Griffey bought 30 psa 10s for 2k each and took them to psa, had them cracked out, signed, and regraded. 25 now got the 10/10 grade. $1M+ profit isn't bad for an afternoon, even for him.

Or if he signs at a national or big show collectors can do the same thing.

[slightlyrounded]

Originally Posted by pokerplyr80

Yea I didn't get that one either. I'm sure he doesn't need the money, but let's say Griffey bought 30 psa 10s for 2k each and took them to psa, had them cracked out, signed, and regraded. 25 now got the 10/10 grade. $1M+ profit isn't bad for an afternoon, even for him.

Or if he signs at a national or big show collectors can do the same thing.

Only problem with your plan: if you crack and resubmit 30 psa 10 Griffey’s, only a very few will gem again. Thus is the inanity of grading.

[clydepepper]

Not EVEN a true Rookie Card. I wouldn't waste my time.

As luck (and reality) would have it, my finances preclude the possibility of such a purchase, so I can rag on it with conviction.


.

[Aquarian Sports Cards]

Originally Posted by clydepepper

Not EVEN a true Rookie Card. I wouldn't waste my time.

As luck (and reality) would have it, my finances preclude the possibility of such a purchase, so I can rag on it with conviction.


.

I hope you win the lottery, that'll teach you to run your mouth...

[Seven]

Originally Posted by clydepepper

Not EVEN a true Rookie Card. I wouldn't waste my time.

As luck (and reality) would have it, my finances preclude the possibility of such a purchase, so I can rag on it with conviction.


.

I mean, If I had the Money I'd buy it. It's an iconic card of the Hobby. Sure it's not his true rookie, but the 52 Topps set is beautiful, combined with the lore of the card and the fact that it is a Mantle. I outlined how I felt above, I simply think the price is absurd because I can't even comprehend 5.2 Million Dollars, because that's probably more than I'll make in my entire life.

That being said, if I was an eccentric Billionaire you bet everything in the world, that my PC would be insane.

[pokerplyr80]

Originally Posted by slightlyrounded

Only problem with your plan: if you crack and resubmit 30 psa 10 Griffey’s, only a very few will gem again. Thus is the inanity of grading.

Well not exactly a plan, but that's why I'd want to do it where he's signing and they have onsite grading. But I just done get how a 10 sig adds $50k value to a $2k card when the player is still alive and signing. How many more of these could be created later?

[packs]

All things being equal, no one else thought the card was worth 5.2 million or someone would have out bid the buyer. I don't know that I necessarily agree the card can't lose value. The 52 Mantle being something only whales can afford in even authentic grades is a very new phenomenon.

[Touch'EmAll]

The high price for this Mantle gives me reason to believe many other cards will/are also on their way up in price. As crazy as it is, this is a good thing is it not. Pretty sure we all like to have our cards appreciate. The downside is now I can't really afford what I used to collect. So I just sit tight with what I have, pick up an occasional nice card, and thank goodness I did buy what I have years ago.

[LincolnVT]

All of this Griffey talk is making me want to rip this box.

Originally Posted by pokerplyr80

Well not exactly a plan, but that's why I'd want to do it where he's signing and they have onsite grading. But I just done get how a 10 sig adds $50k value to a $2k card when the player is still alive and signing. How many more of these could be created later?