Card prices skyrocketing

[Oscar_Stanage]

Originally Posted by troutbum97

Who said iconic vintage is expensive?

This 1933 Goudey Ruth is 1/2-off ... literally.

https://www.ebay.com/itm/Freshly-Gra...kAAOSwAgFgJGVp

Ha. Classic

[jbbama]

i thought the Jordan market had topped out, but i was way wrong...crazy prices for his second, third and fourth year graded cards also.... I cant hold any longer, i am moving some of mine now, yes, they may go higher, but anytime i can sell for 5,6,7,8X what i paid i cant be unhappy. These are not rare or low pop at all...... This is INSANE!!

[Kutcher55]

Never a bad thing to take a profit and it's tough to time the market. I bought an '81 Topps Larry Bird PSA 9 in July of 2019 for $60. A year later I saw it was trading for over $500 and my eyes damn near popped out of my head, so I sold it this past summer and made a huge ROI.

I took a peak and the card is now selling for something like 6x what I sold it for. Ouch, but like I said, hard to time the market.

[Seven]

Originally Posted by Kutcher55

Never a bad thing to take a profit and it's tough to time the market. I bought an '81 Topps Larry Bird PSA 9 in July of 2019 for $60. A year later I saw it was trading for over $500 and my eyes damn near popped out of my head, so I sold it this past summer and made a huge ROI.

I took a peak and the card is now selling for something like 6x what I sold it for. Ouch, but like I said, hard to time the market.

Profit is a profit though. It's tough to play the what if game.

[WA_HOF_rookie]

My first purchases last March were Topps/Donruss/Fleer Mattingly rookies - all PSA 10. My next purchases were Gehrig/Dimaggio/WaJo and Speaker.

After seeing some of the prices the last month I can go ahead and admit to myself that I'm not an investor and these aren't investments. They're for me to put in a case on my wall and enjoy.

My wife put it nicely. She said, "It's nice to know you can sell them if we need the money, but right now we don't, so enjoy them."

...wonder if that's because she thinks they were all $200.

[Exhibitman]

Originally Posted by jbbama

i thought the Jordan market had topped out, but i was way wrong...crazy prices for his second, third and fourth year graded cards also.... I cant hold any longer, i am moving some of mine now, yes, they may go higher, but anytime i can sell for 5,6,7,8X what i paid i cant be unhappy. These are not rare or low pop at all...... This is INSANE!!

I sold two early Jordans into the first wave and took the profit never thinking it would go up from there but they tripled. I then bought another last October that quintupled, so I will probably list it for sale too. Underprice the last sale by 10% and move it out. Getting hard to find things to flip, though.

[ajjohnsonsoxfan]

Can't think of a better time in the history of card collecting to sell into the surge in pricing. But like most other collectors, I just can't come to grips with letting go of my babies. Trying to "time the market" rarely coincides with a real world scenario when you actually need the money and are forced to sell.

[rjackson44]

I just sold two psa lebron topps chrome psa 10s . I paid $1200 thought i was crazy ..will not say what they sold for . Meet the person in ct. 23 yrs old nuff said. I like the friends ive made in this hobby. I love selling $20 cards . I have shaq and iverson raw rookies i paid .75 for if you need them ...ok you get the picture .its insane

[Tyruscobb]

The last call to sell at the market’s top is potentially upon us. I just read multiple articles (from credible news sources) that COVID cases have dropped 77% in the past 6 weeks. More than 15% (U.S. population) have already received the vaccine and that number only increases each day.

Physicians (from highly credible medical institutions) just said that herd immunity will potentially take effect as early as this April. If so, things will quickly open up, especially around summer, and people will reallocate their current card budget funds to vacations, concerts, bars, restaurants, experiences, etc.

Some people will exit the hobby as quickly as they entered it. Some will remain, but spend less money on cards. The current demand level for cards will decrease. Those that completely exit the hobby may want to sell. If so, this will also increase the supply. Reduced demand and increased available supply is great for us collectors (not investors). Plus, how many cards that were previously in dusty closets and attics were re-discovered during the pandemic and graded or brought to the market? Vintage supply, at least card’s to the market, will increase in the near future.

Sure my collection’s value will significantly decrease when this plays out, but I don’t care. All the gains were just paper ones anyway. I only sell or trade when I upgrade an existing card. I’m ready for prices to crater, so I can resume purchasing cards on my wishlist. I can afford the cards on my list, but not in the grades I want. I’m priced out of the grades. I’ve had to settle for lower grades, and refuse to do it anymore.

Those that are considering selling may want to make the move. Sell at today’s prices, and then rebuy the same cards (and a lot more, or in better grades) at tomorrow’s prices. No one can perfectly time the market. We potentially are at the peak and may begin descending the other side soon. Let’s hope for the sake of people’s well-being - physical, mental, financial, spiritual, etc.!

[Johnny630]

Originally Posted by Tyruscobb

The last call to sell at the market’s top is potentially upon us. I just read multiple articles (from credible news sources) that COVID cases have dropped 77% in the past 6 weeks. More than 15% (U.S. population) have already received the vaccine and that number only increases each day.

Physicians (from highly credible medical institutions) just said that herd immunity will potentially take effect as early as this April. If so, things will quickly open up, especially around summer, and people will reallocate their current card budget funds to vacations, concerts, bars, restaurants, experiences, etc.

Some people will exit the hobby as quickly as they entered it. Some will remain, but spend less money on cards. The current demand level for cards will decrease. Those that completely exit the hobby may want to sell. If so, this will also increase the supply. Reduced demand and increased available supply is great for us collectors (not investors). Plus, how many cards that were previously in dusty closets and attics were re-discovered during the pandemic and graded or brought to the market? Vintage supply, at least card’s to the market, will increase in the near future.

Sure my collection’s value will significantly decrease when this plays out, but I don’t care. All the gains were just paper ones anyway. I only sell or trade when I upgrade an existing card. I’m ready for prices to crater, so I can resume purchasing cards on my wishlist. I can afford the cards on my list, but not in the grades I want. I’m priced out of the grades. I’ve had to settle for lower grades, and refuse to do it anymore.

Those that are considering selling may want to make the move. Sell at today’s prices, and then rebuy the same cards (and a lot more, or in better grades) at tomorrow’s prices. No one can perfectly time the market. We potentially are at the peak and may begin descending the other side soon. Let’s hope for the sake of people’s well-being - physical, mental, financial, spiritual, etc.!

I agree on many aspects pointed out above, pretty much all except I don’t believe key vintage high end cards will not pull back that much Ext+-Nrmt Cobbb, Ruth, Jackie, Mantle, Aaron, and Mays.