Head scratching over t206 price boom

[Casey2296]

Originally Posted by GregMitch34

The Rhoads (as I said) which went for $7200 was indeed a PSA 7--but it is indeed a Piedmont 350 common and while "only 3 higher" sounds good there are also 2 higher in Sweet Cap--and, besides, there are dozens of others with very similar numbers going for 1/3 that. Hell, I got a Chase PSA 7 privately last week with similar pop numbers at that level--I guess it's worth $10,000 by those standard--and also a Doyle PSA 7 with only ONE higher as a Piedmont 350 so maybe that it is worth $15,000 now. Ya think?

There's new money, and lots of it chasing pre-war right now. Combine that with the "chase the slab" mindset and you see the results.

[chjh]

Many high quality assets are up a lot in the last 2 years. Why should low pop T206 cards be any different?

I live in Florida- waterfront real estate is up a lot in the last two years and still rising in spite of higher rates. People who own it are happy. People who could have bought it a few years ago and didn't, complain, and claim the new buyers are dumb money because 10 years ago it was a lot cheaper.

Similar to high quality vintage cards.

Inflation is high. Scarce, quality, desirable assets will keep going up, imo. Low pop, high grade T206 are scare, quality and desirable assets.

[chjh]

The T206 market is pretty efficient. It's one thing I enjoy about it. Centered cards sell much higher than off-center for the same grade. Check out a full sized card vs a card that is smaller in the same grade and you'll see a price difference.

Is the smaller card trimmed or factory cut smaller? Don't know, but the market discounts the price of smaller or off-center cards. Cards that are full sized and centered get a premium price. Makes sense to me.

I hope more people discover what a gem the T206 set is and join in. I think they will. If that pushes prices up, so be it. I'm happy to see innovation in the industry and more people join.