T206 "Magie" Error Prices

[investinrookies]

I know its an error card, but it is rare and from the most sought after set ever produced. Whats everyones thoughts on this card for a long term hold and value perspective? A nice lower grade just ended on ebay, prices seem to be rising pretty steadily on this card.


https://www.ebay.com/itm/33427383235...rdt=true&rt=nc

[puckpaul]

I agree that it is an excellent investment. It is clearly rarer than all but the Wagner/Doyle/Plank and a notch rarer than Demmitt/OHara. Hard to see it going down from these prices given the interest in T206’s that has exploded.

I have this SGC 4 i bought some years back. I see that PSA doesn’t even have a sale listed on anything over a 3.5 and that was 7 years ago. So condition is tough here too, so even a modest grade is desirable.

[Rhotchkiss]

I think it’s a great investment. It’s one of the “Big 4” of the greatest card-set ever made (not just sports). As long as t206 is a good investment, Magie will be a great investment. Personally, I think t206 is cardboard gold

[z28jd]

I'm apologizing in advance for the scan because I had to find one that I posted almost 15 years ago because I'm not on my computer. I believe it was early 2001, just out of school with a car payment and a mediocre at best job, a Magie showed up on Ebay and I was in the middle of collecting the T206 set. I showed the auction to my dad, who called me at work to say that he won the card for $1,775 and I could pay him back $1,500 and the rest would be a birthday present. I was both thrilled and wondering where I would get $1,500 from. I'd say it was a good purchase seeing what they go for now, but it sure did leave me broke for a little while.

[vthobby]

Pretty happy when I got this off the T206 buy sell boards on here in early 2020.

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[mrreality68]

Great card and actually like the look of it.

Plus it is a famous error card of a famous set.

It makes a great investment

[jboosted92]

Originally Posted by puckpaul

I agree that it is an excellent investment. It is clearly rarer than all but the Wagner/Doyle/Plank and a notch rarer than Demmitt/OHara. Hard to see it going down from these prices given the interest in T206’s that has exploded.

I have this SGC 4 i bought some years back. I see that PSA doesn’t even have a sale listed on anything over a 3.5 and that was 7 years ago. So condition is tough here too, so even a modest grade is desirable.

1. i think its a good investment

2. should the Shappe error be higher?

[Gorditadogg]

The market has been trending more and more to blue chip cards so the question of whether error cards will be as valued in the future is a good one. It seems to me that collecting error cards and other variations really took off in the junk wax era so it is fairly recent and could be something of a fad.

To me the idea of paying more for a Spiezio Partial IEZ Missing than for a Mays or Mantle is a little weird. I could definitely see the market values 20 years out for those kind of gimmicky cards lagging compared to the bonafide star cards.

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[Exhibitman]

I'm with Ryan on this one. We are talking about a legendary card in the pre-eminent prewar set. It will always have an audience as long as people collect T206s. Same is true for that undistinguished pitcher briefly depicted with the wrong NY team, that two-team guy, those Polar Bear brand guys with the team variations, and so on. If you know the names of the players I am talking about you prove my point.

[iwantitiwinit]

The biggest reason, in my opinion, this will hold its value is that it's still within reach of many collectors. When I started out collecting T206s I knew the Wagner would be out of reach. I didnt however think the same about Plank it's expensive but let's say 40k is doable if I chose to spend that much. I think many feel the same way and feel the same about the Magie..."Hey 15k is doable". Now that Plank might be 80k but Magie can still be had for say 12k in say an SGC 1. The number of people that can afford and are willing to pay that kind of number is large enough to support increasing prices.

[Rhotchkiss]

The PSA 3 in Heritage is now up to $26,400, including Buyer' Premium ("BP"), with 5+ days to go.

I bought mine (see below) for $21,500 in late 2016. At the time, that was a record price for that card in that grade, but I felt it was well worth it given the eye appeal. The two most recent sales have been $21,600 in 2021 (over graded) and $23,655 in 2020 (great looking). Prior to that, the only two PSA 3 sales on VCP after mine went for $18k and $18.6k, both in 2019 and both (I feel) are materially inferior to mine.

The $18.6k sale in 2019 is the exact same card now sitting at $26.4k in Heritage. Thus value of the Heritage 3 has gone up, so far, $7,800, which (so far) is a 42% increase in 2.5 years.

I would argue that that mine is worth at least 10% more than the one in Heritage, which means mine would be worth $29,040, so far. Again, I bought mine in late 2016 for $21,500, which means I am sitting on $7,450 of gain (35%). Granted, that is over 5+ years, but not bad at all considering, at least in my mind, the odds of losing money was minimal. AND, the current Heritage auction is not over and mine could bring more than a 10% premium.

Granted, this is one example at one point in time, but I think it supports the argument that the most famous error in baseball cards, which derives from the greatest and most famous baseball card set of all time, is a very solid, risk-adjusted investment

Buy with confidence

[Mjpadilla84]

Beautiful Magie Ryan, worth every penny you paid.

[mrreality68]

Originally Posted by Rhotchkiss

The PSA 3 in Heritage is now up to $26,400, including Buyer' Premium ("BP"), with 5+ days to go.

I bought mine (see below) for $21,500 in late 2016. At the time, that was a record price for that card in that grade, but I felt it was well worth it given the eye appeal. The two most recent sales have been $21,600 in 2021 (over graded) and $23,655 in 2020 (great looking). Prior to that, the only two PSA 3 sales on VCP after mine went for $18k and $18.6k, both in 2019 and both (I feel) are materially inferior to mine.

The $18.6k sale in 2019 is the exact same card now sitting at $26.4k in Heritage. Thus value of the Heritage 3 has gone up, so far, $7,800, which (so far) is a 42% increase in 2.5 years.

I would argue that that mine is worth at least 10% more than the one in Heritage, which means mine would be worth $29,040, so far. Again, I bought mine in late 2016 for $21,500, which means I am sitting on $7,450 of gain (35%). Granted, that is over 5+ years, but not bad at all considering, at least in my mind, the odds of losing money was minimal. AND, the current Heritage auction is not over and mine could bring more than a 10% premium.

Granted, this is one example at one point in time, but I think it supports the argument that the most famous error in baseball cards, which derives from the greatest and most famous baseball card set of all time, is a very solid, risk-adjusted investment

Buy with confidence

Great info and thought process.
Also great looking card.

Someday I may look at getting one. I had a few opportunities over last few years but I passed because it was not part of my collection focus.
Part of me regrets it because it is a nice looking card and in demand

[Exhibitman]

Originally Posted by Rhotchkiss

...the most famous error in baseball cards, which derives from the greatest and most famous baseball card set of all time, is a very solid, risk-adjusted investment

Buy with confidence

Completely agree with that analysis...and that is a heckuva nice looking portrait.

[investinrookies]

I have been emailing this seller back and forth for a while based on my interest in the very first one he had up. He told me he’s selling these for a collector that has had them for many years and is very old. Told me this particular guy had multiples because it was his favorite card and thought it would be a good investment.


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[53toppscollector]

Looking at his past sales, he also sold a SGC 1.5

SGC 1: https://www.ebay.com/itm/334297423875
SGC 1.5: https://www.ebay.com/itm/334273832358

[babraham]

Originally Posted by 53toppscollector

Looking at his past sales, he also sold a SGC 1.5

SGC 1: https://www.ebay.com/itm/334297423875
SGC 1.5: https://www.ebay.com/itm/334273832358

In the current ebay ad, he says he has a fourth Magie SGC 1 that will also be sold on ebay:

This is the third and by far the best of 4 Magie error cards to be offered by me on eBay. During the past month I have offered an SGC 1.5 and an SGC 1, which sold for $14,759 and $11,302 respectively. The last example is also an SGC 1, has not yet been listed, and will also eventually be sold on eBay).

[investinrookies]

The SGC 2 ends tommorrow night, will be interesting to see where it ends with so many coming to market lately. Great opportunity to buy one now I’d think.


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[Blunder19]

$18K+ someone landed a nice card..

[investinrookies]

Yeah that seems like a good price for that 2.


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[pawpawdiv9]

Originally Posted by investinrookies

Yeah that seems like a good price for that 2.


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Probably been higher if it ended on a weekend.

[investinrookies]

Originally Posted by pawpawdiv9

Probably been higher if it ended on a weekend.

Yeah timing of it ending in middle of the afternoon when most people are working prob not the best selling strategy and appears it hurt the price some.

[iwantitiwinit]

Best time to end an auction is 8pm on Sunday during football season. Bettors that have won wagers during the day feel flush and are willing to spend.

[joshleon]

Pretty sure this has been alluded to, but here are my two cents as a newbie on these boards. The t206 set is the most popular pre-war set there is, it's fun to collect and I am absolutely floored at the ages of some people collecting it now. Even my kids are into it. I got into t206s when I was 11 or 12 in the 80s. I know all of this is anecdotal. However, given that, with only 200-250 copies there will ALWAYS be more demand than supply for this card given that it's universally understood this card constitutes one of the 524.

As for auctions and timing, I would love to see some data on auctions ending in January after many professionals receive bonuses and are flush with cash. I personally begin pulling back on spending around August.

[icurnmedic]

Originally Posted by investinrookies

Yeah that seems like a good price for that 2.


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Was watching this. Seems like a dang good price given the recent sales. I was figuring the low to mid 20's considering no creasing and what I feel is pretty deep coloring. Someone made off w/ a steal.
Thomas

[parkerj33]

REA win. Thrilled to add this one to my monster.




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[iwantitiwinit]

Congrats, all the Magie and Magee T206's offered in REA were priced strongly.

[pawpawdiv9]

Originally Posted by iwantitiwinit

Congrats, all the Magie and Magee T206's offered in REA were priced strongly.

I placed my bids on this one too!
One day (very soon) i will get my turn.

[babraham]

Congrats Jim, that is a beautiful Magie!

Originally Posted by iwantitiwinit

Congrats, all the Magie and Magee T206's offered in REA were priced strongly.

Agreed, I was bidding on one of the Magee's and it went higher than I was willing...

[parkerj33]

Thanks guys, appreciate the feedback! Glad to have one "in the club" now....now i can hope for a plank someday...but i think i will be set for now, and maybe just upgrade at some point.

[Rhotchkiss]

Originally Posted by parkerj33

REA win. Thrilled to add this one to my monster.




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Congrats Jim. Personally, I think you stole that! I think its a great looking example. The crease is large, but in no way impacts the picture, and aside from that, the picture is sharp and well centered. You got a keeper IMO. Well done

[vthobby]

Originally Posted by Rhotchkiss

Congrats Jim. Personally, I think you stole that! I think its a great looking example. The crease is large, but in no way impacts the picture, and aside from that, the picture is sharp and well centered. You got a keeper IMO. Well done

Agreed! Great card Jim! Congrats and good luck to your son this summer! Vermont is the place to be and play in the summer! Can't wait to see him pitch!

Pece, Mike

[Rickyy]

I think its still a good investment...people still think of the Big Three (Wagner, Plank and Magee - not including the Doyle version which is it's own animal). I still regret passing on a nice one for less than $1K at a show back in the early 90's. You win some...lose some.

Ricky Y