Commerce Comet's 1952 Topps #311 meteoric rise in value

[Jdoggs]

Originally Posted by russkcpa

Hi Brunswick,
Smartest move I ever made:
I paid $60K for my PSA 6 and $120K for my PSA 7. Those prices include BP. PSA had to retire my original PSA 7 SN and re holder with new SN due to a counterfeit example that was being circulated.
I am a big fan of eye appeal in all my cards. This iconic card will always continue to appreciate. This is not a 96 Kobe with 10 million Pop 10's There are millions of card investors who want a piece of the 52 Mantle and will always be looking to buy one. I turned down $185K for my 6 back in March.
Check out the PSA 8 in Memory Lane auction...... https://memorylaneinc.com/site/bids/...e?itemid=60642 Chart buster
BTW....I graduated from Babson in 1976 with a BS in Accounting. Tuition was $950 a semester. Unfortunately I had to commute and lost so much of the college experience. But I did get to drive "Thunder Road" every day. I worked at an insurance agency as a bookkeeper on the corner of Beaver and Washington that later became a Bertucci's.
Dumbest move I ever made:
Investing a great deal into stem cell biotech stock back in 2010 called
Athersys (symbol ATHX). Had I put that money into AMZN and AAPL I would be retired instead of celebrating my 43rd anniversary as a CPA. I guess we all do stupid things.
Best of luck to you
Russ

$185k for your psa 6 52 mantle last March is a great offer considering a nice 52 mantle psa 6.5 just sold for $132k in heritage auctions last night.

[Johnny630]

I think it’s do for a 20-30% correction short term end of 23-25 especially in lower grades below 1-6. In the long run it’s only going up.

[investinrookies]

Originally Posted by Johnny630

I think it’s do for a 20-30% correction short term end of 23-25 especially in lower grades below 1-6. In the long run it’s only going up.

If Im not mistaken prices have already come down 20-30% on these in most cases. Not sure they fall much farther but suppose they could? I think nows a great time to buy one personally. In the long run its only going up.

[Seven]

Originally Posted by samosa4u

Go after the 51' Bowman Mantle and Mays rookies instead. Way better investment, IMO.

Problem is, I'm not really looking at it from an "investment" perspective. 51 Bowman is another issue I need, but it's not like I'm ever going to sell it after I buy it in the future, unless of course, it was for an upgrade of the same card.

Originally Posted by investinrookies

If Im not mistaken prices have already come down 20-30% on these in most cases. Not sure they fall much farther but suppose they could? I think nows a great time to buy one personally. In the long run its only going up.

I have noticed the 52 Bowman and 53 topps starting to flatline a bit, haven't paid much attention to the 52 topps because even a 25% drop still makes it out of my price range for now. thankfully collecting is a life long process.

[russkcpa]

Originally Posted by Jdoggs

$185k for your psa 6 52 mantle last March is a great offer considering a nice 52 mantle psa 6.5 just sold for $132k in heritage auctions last night.

I was not crazy about that card's eye appeal and it showed in the hammer price. All PSA 6-6.5-7's are not the same.

[investinrookies]

Nice PSA 5 up at REA, will it bring a new record high for a 5? Even average examples for the grade continue to sell at higher prices.

[Foo3112]

I am seeing some here say that prices have dropped but that's not entirely accurate. Pretty much everything has dropped - however - even at the "dropped" prices, they are still higher than pre-covid prices so they have actually raised. Look at the 86 Jordan for example. They were selling at 30K during the 2019 National in late July of that year. Then by December, they were selling at 40K. Even if they have "dropped" in price from those two or four 700K sales, that is still a MASSIVE win for those who bought low.

I feel like the Mantles graded in the 5, 6 & 7 range are very underpriced - especially when you compare at the last few sales in PSA. How does a PSA 1 sell for 25-30K but then something like a 6 sells only between 110 & maybe $130K.

There is currently a 6 for auction at Heritage. I think it will hit the 120K mark. I think the 6's will be at the 300K before 2030 comes around. Just my guess seeing the popularity in cards and the demand for the 52 Mantle. As someone mentioned, there will always be people with deep pockets who want one. Feels like almost every new sale outsells the previous one when color and centering are similar.

[Snowman]

It's only going to continue to go up. It is THE hobby card. Everyone wants one. There isn't a single card that is more iconic in this hobby other than possibly the mostly unobtainable Honus Wagner, but even then I think the Mantle is still more iconic.

I recently paid $45k for one in an Authentic slab though, so perhaps I'm biased. But I obviously believe in the card to spend that much on an altered? copy of it (though upon close examination, I haven't found any hard evidence of it actually having been altered yet).

[irv]

Originally Posted by Snowman

It's only going to continue to go up. It is THE hobby card. Everyone wants one. There isn't a single card that is more iconic in this hobby other than possibly the mostly unobtainable Honus Wagner, but even then I think the Mantle is still more iconic.

I recently paid $45k for one in an Authentic slab though, so perhaps I'm biased. But I obviously believe in the card to spend that much on an altered? copy of it (though upon close examination, I haven't found any hard evidence of it actually having been altered yet).

Beautiful card! If resubmitted and it gets a grade the second time around, you are going to make out like a bandit.

Good luck if you decide to do exactly that.

[mrreality68]

I Left a Michael Jordan Rookie Card PSA 10 on the Table. It was back in 2018 and I had a Babe Ruth Photo as a Red Sox Type 1. Picked up for 18K.

Someone offered to trade for it straight up. I did not know much about Basketball cards and politely declined. I sold the Photo and made a small profit.

But even with the Jordan Rookies down from its peek of over $700K for one selling I would have made a nice profit.

Never Know but I missed on a Home Run

[Snowman]

Originally Posted by irv

Beautiful card! If resubmitted and it gets a grade the second time around, you are going to make out like a bandit.

Good luck if you decide to do exactly that.

Thanks. Ya, I definitely want to have it looked at again. It was graded in 2011. It needs to be reslabbed regardless because the casing has been tampered with. It looks like someone previously tried to crack it out, probably for the same reason of getting a second opinion on it, but got cold feet and gave up because they didn't know how to do it properly and didn't want to damage it. I've examined it under blacklight and looked over every square millimeter with a jeweler's loupe. And I ran extremely high definition scans on it too. Nothing stands out as being altered. It has a very slight tilt to the top edge, but all edges show the same expected texture and chipping consistent with 1952 Topps cards. No sharp edges or anything like that. And it measures correctly. Nothing glows in blacklight. No recoloring that I've found yet either. I think it probably has a good chance of getting a grade if resubmitted.

Plus, I'd be famous over at the blowhard forums! They'd for sure post before and after photos of it along with all my personal info and add it to their tainted cards database and turn me over to the FBI lol.

[chriskim]

Originally Posted by Snowman

It's only going to continue to go up. It is THE hobby card. Everyone wants one. There isn't a single card that is more iconic in this hobby other than possibly the mostly unobtainable Honus Wagner, but even then I think the Mantle is still more iconic.

I recently paid $45k for one in an Authentic slab though, so perhaps I'm biased. But I obviously believe in the card to spend that much on an altered? copy of it (though upon close examination, I haven't found any hard evidence of it actually having been altered yet).

I think it slabbed as Auth because their edges seem to be too sharp and a bit under size.

[Foo3112]

PSA 6 finished at 150K (includes BP).