Card prices skyrocketing

[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.

[joshuanip]

Originally Posted by Johnny630

I agree on many aspects pointed out about, 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.

I have two or three cards moving up like a Gamestop stock....unfortunately I'm a HODL, and I can care less (thank God).....


Before you sell your cards. Here is a 2020 article for perspective. He was right, those goudey Ruths shot right through those rising price points. You held this long, why sell now - you can’t time the markets but the momo definitely goes longer than we expect... dang too bad I only have one goudey Ruth below.

https://prewarcards.com/2020/03/07/b...ut-of-control/

[Republicaninmass]

Originally Posted by joshuanip

I have two or three cards moving up like a Gamestop stock....unfortunately I'm a HODL, and I can care less (thank God).....

At some point, mine will be SODL!

[ajjohnsonsoxfan]

Joshua that Ruth is mouth watering. That's a keeper for life

[joshuanip]

Originally Posted by ajjohnsonsoxfan

Joshua that Ruth is mouth watering. That's a keeper for life

Thanks. Probably will be a keeper for life. Do you still have that 4 goudey Ruth mini set? That was a nice quality set of all 4 goudey Ruth’s!

And I remember that crackerjack box as well. That was a treat to hold in person! Thx.

[cardsagain74]

These points of view never cease to amaze me:

- "I don't care if the value of my assets drop"

- "The gains are only on paper"

Something's liquid worth is what matters, regardless of whether or not it's "on paper". It doesn't matter what you paid (except for tax purposes).

And as far as hoping that your cards will lose a lot of their value.....I get if someone wants to focus on just collecting, but there's so much more to a market collapsing other than "being able to buy more of what you want".

Dealers' livelihoods are harmed. People will have less of an estate to leave to their heirs. Or some may hope to liquidate some of their collection to make their retirement better.

There's a lot more to it than flippers losing their ass and exiting the market

[Tyruscobb]

Originally Posted by cardsagain74

These points of view never cease to amaze me:

- "I don't care if the value of my assets drop"

- "The gains are only on paper"

Something's liquid worth is what matters, regardless of whether or not it's "on paper". It doesn't matter what you paid (except for tax purposes).

And as far as hoping that your cards will lose a lot of their value.....I get if someone wants to focus on just collecting, but there's so much more to a market collapsing other than "being able to buy more of what you want".

Dealers' livelihoods are harmed. People will have less of an estate to leave to their heirs. Or some may hope to liquidate some of their collection to make their retirement better.

There's a lot more to it than flippers losing their ass and exiting the market

My views are just that - mine. I’m a baseball card collector; not a flipper, speculator, or investor. I intend to die with every card that I purchase and couldn’t care less if they all went to $0.00. I would still enjoy owning them and looking at them.

I do not view them as asserts. I only purchase cards with money I am willing to part ways with and never recover. If others do not do the same that is their business and problem.

As far as a collapse, all I want is for prices to return to pre-COVID, normal levels. I guess you’ve never shorted a stock? If you have, you do realize you are rooting for the stock to crater, which affects other people’s life’s and potentially everything you mentioned, right?

[Tyruscobb]

Originally Posted by Johnny630

I agree on many aspects pointed out about, 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.

The rising tide raises all boats just like the descending one lowers all boats. I agree that top grade, blue-chip cards will withstand dropping prices better than others, but even they won’t defy supply/demand economic principles.

Even low-grade cards are getting ridiculous. A ‘53 Topps Mantle 1 for $3k? WoW.

https://www.ebay.com/itm/1953-Topps-...QAAOSwi09gEKcH