What the hobby is becoming

[Mike D.]

Originally Posted by irv

I agree. If it weren't for the steady stream of new blood into the hobby, whether they collect vintage or modern, the hobby would likely die a slow death.

Yes…I think most here have lived through a few “bust” cycles…1994, 2008…when the general consensus was the hobby was dying.

While I’m frustrated that my $ doesn’t go as far as it used to…this is still better!

And yes, money and popularity brings the bad eggs…but it brings a lot of good eggs too.

[oldeboo]

I would guess that people in the past were laughed at for buying T206 cards for 15 or 20 cents a pop, back when some probably thought they were nothing more than overproduced junk. Some probably drew the line in the sand at 5 or 10 cents, while others had no interest at any price since they were so mass produced.

Jordan count 0, just sayin'. We'll know 1990 Fleer Basketball was something special when average grade commons start going for close to 100 bucks a piece.

[frankbmd]

Originally Posted by oldeboo

I would guess that people in the past were laughed at for buying T206 cards for 15 or 20 cents a pop, back when some probably thought they were nothing more than overproduced junk. Some probably drew the line in the sand at 5 or 10 cents, while others had no interest at any price since they were so mass produced.

Jordan count 0, just sayin'. We'll know 1990 Fleer Basketball was something special when average grade commons start going for close to 100 bucks a piece.

Let's see, you want to sell commons for $100 each and it only costs $200 each to have them graded. That works for me.

By the time you get them back from PSA they will likely be worth $500 each ...................or not.

[oldeboo]

Originally Posted by frankbmd

Let's see, you want to sell commons for $100 each and it only costs $200 each to have them graded. That works for me.

By the time you get them back from PSA they will likely be worth $500 each ...................or not.

Hey, you'll be the one kicking yourself if grading fees are over $1,000 in the year 2100, not me. In reality, I would have been in the crowd that though 15 cents for T206 cards was nuts. Completely pointless, but interesting to wonder.

With that said, I'm not buying any 1990 Fleer anytime soon.

[butchie_t]

I liken this latest craze to modern day house flipping. Buy a house, fix it up a bit put it back on the market and sell it for a profit. Shampoo, rinse and repeat.

Only with cards it’s buy the latest craze, get it graded and sell it for a profit…..hopefully. Or, buy graded and try to flip for a higher return.

[Eric72]

Originally Posted by butchie_t

I liken this latest craze to modern day house flipping. Buy a house, fix it up a bit put it back on the market and sell it for a profit. Shampoo, rinse and repeat.

Only with cards it’s buy the latest craze, get it graded and sell it for a profit…..hopefully. Or, buy graded and try to flip for a higher return.

I'd venture a guess that 95-99% of card flippers couldn't rewire a house, gut & then renovate a bathroom, or replace windows and exterior doors.

Having done all three, and much more, I can tell you it's a quite a bit harder than flipping cards.

[butchie_t]

Originally Posted by Eric72

I'd venture a guess that 95-99% of card flippers couldn't rewire a house, gut & then renovate a bathroom, or replace windows and exterior doors.

Having done all three, and much more, I can tell you it's a quite a bit harder than flipping cards.

The point and you really missed each other, but ok.

Thanks,

[Republicaninmass]

Originally Posted by butchie_t

I liken this latest craze to modern day house flipping. Buy a house, fix it up a bit put it back on the market and sell it for a profit. Shampoo, rinse and repeat.

Only with cards it’s buy the latest craze, get it graded and sell it for a profit…..hopefully. Or, buy graded and try to flip for a higher return.

In short " when the shoeshine boy is giving you stock tips and saying how easy "it" is, run for the exits"
History doesnt always repeat itself, though it does make for a mirror