CNN card story

[Exhibitman]

Lots of people are looking at cards and other alt investments because they are disgusted with the banksters. Wall Street is a rigged casino we are stuck with if we have retirement accounts. I wouldn't put a dime into their garbage if I didn't have to do something with my tax-advantaged retirement accounts. If I could I'd pay off my house instead but the rules have been structured by Wall St. lobbyists to prevent me from lending myself the cash and paying myself interest instead. I can't even invest in alt stuff unless I give those pigs a slice of it via fund fees. I am by no means advocating cards as investment vehicles, but Wall St. retail investment is a sucker's bet too.

Dean, eBay recently terminated 'remorse return' rights on cards. As long as i get it there in one piece he can't just hold it and then months from now decide to return it. I do see the point, though, which is why the vast majority of my sales are now through AHs or private sales, and if a big card is involved I insist on payment via check or MO or cash or Zelle. No recourse.

[swarmee]

Originally Posted by Exhibitman

Dean, eBay recently terminated 'remorse return' rights on cards. As long as i get it there in one piece he can't just hold it and then months from now decide to return it.

Plenty of ways to force a return, either through INAD by scratching a card or slab once you receive it, or by telling your credit card company something so you get access to the 180 day window.
The remorse return thing will only keep honest people from returning cards. So I wouldn't hang my hat on that.

[troutbum97]

This is just one data point, but:

For February Round 2, PWCC has 18 Ernie Banks 54T rookies cards going live tonight.

EIGHTEEN !!


https://www.pwccmarketplace.com/curr...ge=50&page=311


Similarly, SEVENTEEN 1955T Koufax RCs.
7 of the 17 are mid-grade PSA 4's.

https://www.pwccmarketplace.com/curr...ge=50&page=312


But:
Only one 51B Mantle
Only two 51B Mays
Zero 52T Mantle
Zero 33G Ruths
only one T206 Cobb
zero vintage Honus Wagner cards.
______________

Is this a random occurrence?
Or are some folks cashing out B-level HOF RCs and still hoarding A-level HOFs?
I know it is a small sample size - but I've never seen 18 & 17 of the same vintage RC in the same auction before.

That's chaos.

[dio]

Some think this is the top of the bubble and want to cash out

Out of those 16 koufax. Only 3 grade 6 psa/SGC and above

We're seeing less and less 52,51 mantle or high quality stuff on market

We'll see how this goes. Really more high end collectors buying off every quality stuff or bubble bursting. Either way my stuff is not selling.

[Casey2296]

Originally Posted by troutbum97

This is just one data point, but:

For February Round 2, PWCC has 18 Ernie Banks 54T rookies cards going live tonight.

EIGHTEEN !!


https://www.pwccmarketplace.com/curr...ge=50&page=311


Similarly, SEVENTEEN 1955T Koufax RCs.
7 of the 17 are mid-grade PSA 4's.

https://www.pwccmarketplace.com/curr...ge=50&page=312


But:
Only one 51B Mantle
Only two 51B Mays
Zero 52T Mantle
Zero 33G Ruths
only one T206 Cobb
zero vintage Honus Wagner cards.
______________

Is this a random occurrence?
Or are some folks cashing out B-level HOF RCs and still hoarding A-level HOFs?
I know it is a small sample size - but I've never seen 18 & 17 of the same vintage RC in the same auction before.

That's chaos.

I love numbers like that, a lot of times you can sneak in and find a decent deal when there's that many choices. Let the slab Queens go after the high end stuff and pick up something in the middle while they're chasing.

[Exhibitman]

"Slab Queens" -- classic. Gonna have to remember that.

Auctioning off that many mid-grade examples of the same RCs smells to me like a pumper is now a dumper.

[MattyC]

Originally Posted by Casey2296

I love numbers like that, a lot of times you can sneak in and find a decent deal when there's that many choices. Let the slab Queens go after the high end stuff and pick up something in the middle while they're chasing.

Slab Queens. Very grateful you're not copyrighting that so I can use it— and liberally. I was always calling them Sticker Whores but I love Slab Queens so much more.

If you ever wanna try dialogue punch ups for TV or films holler at me!

[ronniehatesjazz]

I’ve seen some crazy things over the last year and no doubt this is a bubble... I think it has a ways to go though unfortunately.

I started collecting in 92/93, right at the tail end of the junk wax era. Whenever I would go to a card shop it was usually just me or another kid or two. My older cousin was really into it in the mid to late 80’s and always talked about how crazy packed shows and shops were back then but I never saw anything like that. This weekend I went to my favorite card shop for the first time since late last summer and was amazed at the number, and types, of people there. It was jam packed and the first time I actually experienced some of the craze that everyone who collected in the 80’s talks about. I’m sure a lot of that demand is not visual due to eBay now, but it was fascinating to say the least. I have a feeling that this will last another few years if not longer. I wish that wasn’t the case though.

[Exhibitman]

An example of how crazy things are. Run a search on eBay for sales of Allen & Ginter cards of bitcoin...amazingly, people are paying into three figures for this trash. I thought it jumped the shark when people were chasing A&G 'bug' cards a few years ago, but cards of a fake currency...we're into Seinfeld 'show about nothing' territory

GEORGE: See, this should be a card. This is the card.

JERRY: What?

GEORGE: This. Just a non-existent form of money that we make up. Call it "cryptocurrency".

JERRY: (dismissing) Yeah, right.

GEORGE: I'm really serious. I think that's a good idea.

JERRY: A non-existent form of money that no one issues and no government backs? Well what's it about?

GEORGE: It's about nothing.

JERRY: No real money?

GEORGE: No, forget the real money.

JERRY: You've got to have something to back a currency.

GEORGE: Who says you gotta have that?

JERRY: And who supports this money? What does it look like?

GEORGE: I could be on the coin

JERRY: You?

GEORGE: Yeah. You could base a coin on me.

JERRY: So, there's a coin showing George Costanza?

GEORGE: Yeah. There's something wrong with that? I'm a character. People are always saying to me, "You know you're a quite a character."

JERRY: And who else is on a coin?

GEORGE: Elaine could be a coin. Kramer...

JERRY: Now he's a coin. (Pause) So everybody I know gets to be on a coin?

GEORGE: Right.

JERRY: And it's a currency that doesn't exist and is backed by no one and nothing?

GEORGE: Absolutely nothing.

JERRY: So you're saying, I go in to Topps, and tell them I got this idea for a card about coin that is nothing.

GEORGE: We go into Topps.

JERRY: "We"? Since when are you a writer?

GEORGE: (Scoffs) Writer. We're talking about a baseball card maker.

JERRY: You want to go with me to Topps?

GEORGE: Yeah. I think we really got something here.

JERRY: What do we got?

GEORGE: An idea.

JERRY: What idea?

GEORGE: An idea for the card set.

JERRY: I still don't know what the card is about.

GEORGE: It's about nothing.

JERRY: Right.

GEORGE: Everybody's doing something, we'll do nothing.

JERRY: So, we go into Topps, we tell them we've got an idea for a card about nothing.

GEORGE: Exactly.

JERRY: They say, "What's your card about?" I say, "Nothing."

GEORGE: There you go.

(A moment passes)

JERRY: (Nodding) I think you may have something there.