![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
|
|
#1
|
|||
|
|||
![]()
I am very happy to see my collection appreciating in value but I think anyone who pays 3K for a PSA 1 Cobb T206 is going to regret it.
Last edited by packs; 01-25-2021 at 11:20 AM. |
#2
|
||||
|
||||
![]()
When it comes to the top cards condition is not detrimental to price increases. I paid more for a card with writing on it than I ever thought I would and I am happy to own it at that price.
__________________
Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... |
#3
|
|||
|
|||
![]()
I think the demise of communism and growth of free-market capitalism in the past several decades has created a tremendous amount of wealth and left a LOT of money floating around, and I think this will continue for a while as more countries decide to stop being stupid and get on the prosperity bandwagon. I also believe that a sizeable portion of that money should have been going to pay off the party we've been having on our children, grandchildren, and more distant generations. At some point that same free market will come calling for its due--think rolling over a national debt of 30 trillion at 10% interest and see what's left for the rest of the budget--and there will be a serious rebalancing of spending priorities everywhere. But until that austerity gets imposed on us, we might as well enjoy our hobbies--as economists love to say, in the long run we're all dead--and who knows, when they start rolling the money-printing presses fast enough to try to pay off our bills from all those years of deficits, our cards might just become the new standard of value!
|
#4
|
||||
|
||||
![]()
Is this card worth 3K?
|
#5
|
|||
|
|||
![]()
If somebody paid it, then, uh, yes it is.
|
#6
|
|||
|
|||
![]()
Worth today and paid to acquire are two different principals. I would not want to pay close to 3K for a PSA 1 of any pose. But I already have two I still didn't pay 3K combined for so I don't really have to worry about it either:
![]() |
#7
|
||||
|
||||
![]() Quote:
All fun stuff to talk about. |
#8
|
|||
|
|||
![]() Quote:
All good points. In the end it's good with the bad. Good my cards are worth more but bad I have to pay more for others. At the same time it's a lot easier to finance suddenly expensive cards if you're selling your own suddenly expensive cards. |
#9
|
||||
|
||||
![]()
That's a good point, As a collector it gives you flexibility to adjust/fine tune your collection when you have a lot of equity in a card you've held for a long time.
|
#10
|
|||
|
|||
![]()
Mistake I've made is selling a card without having it's replacement lined up. I figured I'd sell it, get paid, then go shopping. Well the sale went fine, but it's been months now and I can't find the right replacement. In the meantime, prices seem to go up up up.
|
#11
|
|||
|
|||
![]() Quote:
|
#12
|
||||
|
||||
![]()
I joined NET54 while getting back into collecting about 5 years ago. The conversation was the same then with plenty of speculation that prices were bound to pull back and there was a bubble forming. Like everyone I passed on a number of cobbs, Ruth’s and others at the time waiting for prices to level. I am still kicking myself. I still don’t own one and now I look at a $3000 cobb and ask am I ever going to get a shot at THESE levels again. Whether it’s cobb, ruth, Aaron, mantle etc it’s tough to put a value on personal collecting experience and wants. We’re all addicted to some degree and that’s hard to balance with a market moving this quickly.
|
#13
|
|||
|
|||
![]()
my 2 cents is this all has to do with the Fed pinning interest rates to zero and keeping them there for the foreseeable future. This is driving a ton of money into all types of investments, each riskier than the next. cards, like art have become an investment to many.
$3k for a PR green cobb is no more crazy than $900 for Tesla stock or 3 times whatever SPAC XYX was worth the day before. while many are struggling, many more are flush with cash and being purposely pushed out the risk spectrum by the Fed.
__________________
Deals Done: GrayGhost, Count76, mybuddyinc, banksfan14, boysblue, Sverteramo, rocuan, rootsearcher60, GoldenAge50s, pt7464, trdcrdkid, T206.org, bnorth, frankrizzo29, David Atkatz, Johnny630, cardsamillion, SPMIDD, esehombre, bbsports, babraham, RhodeyRhode, Nate Adams, OhioCardCollector, ejstel, Golfcollector, Luke, 53toppscollector, benge610, Lunker21, VintageCardCo, jmanners51, T206CollectorVince, wrm, hockeyhockey Collecting: T206 Monster #236 |
#14
|
|||
|
|||
![]() Quote:
|
#15
|
||||
|
||||
![]()
I think it's a bubble, and it's in modern cards moreso than vintage. If the 3 year old Mahomes card is worth 200K, then that Cobb is worth 3K. This is irrational exuberance if I've ever seen it. I read on cnbc today Robinhood-type retail investors are trying to short squeeze hedge funds: Link. I think some folks are just throwing crazy money at different investment vehicles right now. Is this really the new normal, I don't know.
|
#16
|
|||
|
|||
![]()
I won a 1951-52 Parkhurst Richard PSA 6 in an auction 5 years ago for around $500 and what they are going for now just makes me shake my head.
|
#17
|
|||
|
|||
![]() Quote:
![]() |
#18
|
||||
|
||||
![]()
There is no way you could buy a PSA 6 Rocket Richard rookie for $500 five years ago! They were worth much more than that!
|
#19
|
|||
|
|||
![]() Quote:
The 80's to present day players are the sporting icons these last few generations have grown up with. It's this group of new collectors that are establishing the worth to own limited stock of the rookie card of players they've actually lived alongside and experienced first hand. The vintage stuff wasn't birthed the same way..... it became widely popular with later hobby historians and deeply sport related enthusiasts. I foresee RC's of Trout, MJ, Lebron, Jeter, Brady, and perhaps a few others like Montana/Rice, Mahomes, etc to be higher priced cards than almost all vintage. It's not dumb to me, actually makes perfect sense Old cardboard isn't fundamentally more valuable than new cardboard, it's the associations with a large enough collecting community that means the most. I've actually grown to like the shiny stuff, I only really buy a little Lebron and Mahomes, but can enjoy the design and materials and limited print runs to create really pretty modern artwork. There will be waaaaay more modern collectors who carry this hobby forward than the type of hard core knowledge hobbyists you'd find here on 54'. Not a bad or good thing for mine, it just is. Last edited by 68Hawk; 01-25-2021 at 04:01 PM. |
#20
|
|||
|
|||
![]() Quote:
Last edited by Johnny630; 01-25-2021 at 04:04 PM. |
#21
|
|||
|
|||
![]()
If you want to know where I think the real bubble exists, and it won't be a popular call on here....
It lies in the large sets like T206/T205 where indifferently talented players cards are bestowed with astronomical worth because of relative anomalies in printing number or flaws or differentiation like 'backs'. When the kind of collector on here who idolizes these history rich issues become a distant minority, then it is hugely unlikely that tomorrows collectors - or most of todays for that matter - who don't invest their free time on anything they don't get immediate return from, will expend the interest and time to delve deeply into hobby lore and become heavily invested in broadscale vintage sportscards. Of course not to say NONE will do so, but if that number is ever dwindling in comparison to modern collectors, then so will the eventual pocket wealth be diminished for obscure player collecting. I know, setting the bush on fire right here to say it, but I'd hate to be owning an $8k T206 Broadleaf of a non HOF player in high grade going forward because of scarcity, with the assumption that the interest in such will be there in 15-20 years. Last edited by 68Hawk; 01-25-2021 at 04:24 PM. |
#22
|
|||
|
|||
![]() Quote:
|
#23
|
|||
|
|||
![]() Quote:
As a collector of baseball cards (not an investor), building sets is how I stretch my card budget. I can only afford so many BIG cards each year (for me, a BIG card is $100+). So I pick sets that have a few BIG cards in them and then build around them. That gives me a reason to search for and acquire cards on a regular basis that won't break the bank. Then a few times a year I treat myself to a BIG card. It's a fun way to collect on a budget. I feel like there are enough guys like me (and most vintage sets are rare enough) that there will ALWAYS be a market for commons. You may not profit very much from buying mid-grade commons, but I think they'll hold their value in the decades to come. The problem I'm having (and is the subject of this thread) is that many of those BIG cards are getting out of my price range...so I'm having to get creative with the sets I'm chasing. |
#24
|
|||
|
|||
![]() Quote:
Last edited by MVSNYC; 01-25-2021 at 06:21 PM. |
#25
|
|||
|
|||
![]() Quote:
The people supporting much of the vintage hobby and especially the deep pocketed ones have been doing so since the early 2000's and before. They knew what they liked before it cost a bunch, were hunting rarity then and ever since, and still have the where with all and interest to 'complete' their searching desires. I don't believe many of those collectors are going to be replaced in 20 years time. While this is the stuff of which we've all been enamored for the last 60 years, its relevance to those born since the 1980's is far less than what you might hope. I never said all, I was careful to do so. Younger collectors find this site all the time and begin their journeys just as many of us have done over the decades. But if they are competing against fewer collectors as those of us in our 50's and older die off, prices for esoteric no-name player stuff won't be there. IMO. It's a long course call, am totally happy for you to believe otherwise. It's when talk of bubbles, and growth, and where that growth has it's belly, that I think sky high numbers for non HOF players are most risky for massive correction. Last edited by 68Hawk; 01-25-2021 at 07:25 PM. |
#26
|
|||
|
|||
![]() Quote:
|
#27
|
||||
|
||||
![]()
Out of all the new younger card collectors/investors, one would have to argue at some point enough of them will eventually gravitate to big name vintage - then what, that currently spendy Cobb/W. Johnson/Matty/Ruth/Gehrig etc. will cost a whole lot more.
Just sittin' on my stuff with a smile. Yeah, I too have dabbled in modern last year or two, raw. I have about 175 cards into PSA for grading. The turnaround is crazy long these days. But look at it this way, if I already had them back in reasonable turnaround time I would probably have sold a bunch. Now I am forced to sit and wait for my submission ... while prices keep rising, and rising. Thank you PSA for taking such a long time - will get even more for them later. |
#28
|
|||
|
|||
![]()
The Aaron mania is really something. I never thought his cards would go this bonkers following his passing. That didn't happen as much with the other HOFers that left us recently. Of course, Aaron is in a class by himself compared to those other greats, and his cards were probably undervalued for a very long time certainly relative to the Mick and so it sorta makes sense. His RC had a huge run-up in the past year+ and then he passes away and it jumps 50% overnight. It's a beautiful card and on the short list of post WW2 most important cards no doubt. But it's not like it's a particularly rare issue. Then again, supply/demand. Before he died you had 500 guys looking for his RC at any given moment. Now it's probably 2,500 guys or something.
I also wonder if the passing of someone of his cultural significance has drawn attention to HOF rookie cards in general. You gotta think people are doing the math and thinking Willie Mays is a great investment right now. Even relatively dormant and high pop RCs like the 1960 Yaz card have seen quite a jump here in the past 30-60 days. It's great if you were able to get in on some of these cards a year ago, or even a month ago, which is probably everyone on these boards. So you also have the phenomena where most hobbyists are playing with house money as they watch the value of their collections jump up day after day. And so between that and covid and the stiumulus you've got guys throwing money around, not just the ultra rich either. I can't say what is likely to happen but the short run looks good for more growth. Not sure about the medium/long run. |
#29
|
|||
|
|||
![]() Quote:
|
#30
|
|||
|
|||
![]()
I noticed this as well...I had couple Mays cards in my "watch list" for auctions ending last Sunday. They closed at 2x what they would have about a week ago. I was expecting the passing of Aaron to cause a spike in Aaron cards...but I was NOT expecting Aaron's passing to affect Mays cards. But I think that's what happened.
|
#31
|
|||
|
|||
![]() Quote:
|
#32
|
|||
|
|||
![]()
I used to feel this way, and I wrote bout it after Kobe died using almost the exact same wording as you about autographs: https://bigleaguebreaks.com/inside-t...-sports-cards/
After Aaron died, I got it, and wrote a little mea culpa: https://bigleaguebreaks.com/inside-t...en-heroes-die/ It is a bizarre thing and I truly didn't get it until last week. Something about seeing my Aarons made me want to hang onto them. I didn't even see the guy play. It's a strange mentality. |
#33
|
|||
|
|||
![]()
For the past 4-5 years, I've been picking up all the shiny stuff from the 90s. Cards I could not find as a teenager ripping wax at the weekend shows at the local VFW.
lately, those cards, mostly Jordan, Kobe (RIP) any basketball insert, has skyrocketed. Im getting pushed out of that part of the hobby. I don't see the all time greats losing value. But the newer stuff of active players does not seem sustainable. |
#34
|
||||
|
||||
![]()
Other hobbies like photography, gardening, playing sports, etc,... are more about techniques and skill rather than money. There are some expenses to them of course, but not to the degree of sports cards. Our hobby we all love is based more on money than anything else. Anyone very wealthy can have a world class sports card collection in a very short time.
If you're a low end collector like myself, you have to find other aspects of this hobby that give you enjoyment. |
#35
|
|||
|
|||
![]()
I've given up on full sets like I used to do in the old days. More because I didn't want to go through all the packs of cards. I had boxes, upon boxes of sorted commons etc. When I started getting back into things 10-12 years ago I got really into all the chase cards and found that enjoyable. I mainly go after Cubs cards and enjoy that.
I read a write-up on the Orbit Gum pins and saw there were some pretty cool names in there and that with 60 pins in the unnumbered set, thought to myself that looks like I could do that and afford it. It was my first foray into the older stuff, other than a few stray low grade T206's I have. I started with a Kiki Cuyler and kinda went from there. I keep a spreadsheet with what I need, doubles and how much I have paid. I think I have managed to keep my costs down, but as I get to the last 3 it's dragging on. I've lost out on 2 Gabby Hartnett auctions over the last couple of months. Last second bidders, I can't bring myself to use a sniper auction tool. I ran some numbers on Gwynn/Boggs/Sandberg 83 Topps PSA 10's over the last year. Wow. I really regret not buying some Sandberg 10's a couple of years back.
__________________
Regards, John Successful Transactions with: KMayUSA6060, Jacklitsch, philliesfan, JimmyC |
#36
|
||||
|
||||
![]()
Yeah it's kind of absurd. I was looking at a '67 Aaron last week for my set, and virtually everything on eBay that is graded has an asking price at least $100 above PSA Auction Prices or VCP. Maybe it will settle down some.
__________________
Postwar stars & HOF'ers. Currently working on 1956, '63 and '72 Topps complete sets. Last edited by jchcollins; 01-31-2021 at 01:25 PM. |
#37
|
||||
|
||||
![]()
You can win a graded 67 Aaron for $73.44 in the NLBM raffle on the front page.
|
#38
|
|||
|
|||
![]()
When a non-descript new sofa and couple of matching chairs run you the same number, that you will discard or sell for peanuts in ten years at a garage sale, then yes, owning something that will be preserved and desired by many going forward is easily worth 3k.
People need to dispose of their imagination that limits card collecting to a casual affordable hobby whose focus was assembling full collections of certain issues, or teams, or favorite players, and onto the new reality that today we value collecting and keeping certain things that speak to us. And JUST those things that speak to us, not the surrounding flotsam. In Net54 speak, it's about being a type collector or HOF collector rather than set collector. Using your available resources to target only what you most desire to see every day. Young people 20-40 years old aren't as wedded to the aquisition of their first home as a settling stone foundation to an early marriage, or future wealth basis. They want to surround themselves with things that speak to their experiences, some sporting, some musical perhaps, and a litany of others. They get paid great money, they're not raising kids, they either grew up during or hearing later about the dot com bubble and how some made their riches, the fact their parents bet and continue to bet most of their entire retirement on some vague thing called stocks and futures and stuff - most of which are based on trading and questionable book keeping rather than a true representation of companies production and worth - and think 'sure', a green Cobb sounds cool and at least as worthy of worth. 'No, maybe can't afford a $40K example, but 3K, yep - is it legible?' The condition isn't the qualifier, but rather the opportunity for ownership against competing interest. If you don't revamp your thinking of what this 'hobby' has evolved into, you'll be stuck wondering the same stuff over and over again and unable to understand the opportunities it will raise for you......especially if you have reasonable hobby knowledge. These new investors don't learn thaaaat much before making a decision, they go with name recognition, where they see the money moving and seeming general interest to reside. So if as a vintage hobbyist you know the hobby icons that will be most valuable going forward, the scarcity of those players issues and historical desirability thereof, you will be able to navigate and safely either purchase to own, or trade in and out of to improve your collection or wealth going forward. Strap up if you want to participate, it's a new world. |
![]() |
|
|
![]() |
||||
Thread | Thread Starter | Forum | Replies | Last Post |
Easiest way to tell if card is skyrocketing.wish there was program for this | 1952boyntoncollector | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 1 | 09-19-2020 08:41 AM |
Skyrocketing Card Values Lately - Theories? | MailboxBaseball | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 65 | 07-05-2020 12:21 PM |
SMR card prices | PhillipAbbott79 | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 1 | 02-14-2017 04:37 AM |
Vintage Card Prices | Railroad Bill | Postwar Baseball Cards Forum (Pre-1980) | 4 | 06-09-2011 08:11 AM |
maybe OT: How do vintage card prices compare to coin prices? | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 15 | 08-25-2005 05:03 PM |