The end results of hoarding

[savedfrommyspokes]

There is a board member who actively collects one of the cards mentioned in the first post of this thread. A few years ago, I flat out asked him why he collected so many copies of this card. There is a reason, and I can assure you (based on his response) that it has nothing to do with hoarding a single card to create a market shortage. I appreciate his reason as it is a personal one for him and in no way does it appear his intent is to create a market shortage.

[ullmandds]

I have attempted to collect multiple examples of a given card mainly for the reason I thought it'd go up in value and was a good "investment." I do not have the means or the desire to hoard dozens of copies of the same card...there are no cards I like that much? And ultimately I got bored and got rid of them not having the patience to "wait" for an outcome.

My dots miller run...and other runs may be perceived/considered hoarding of sorts...even though the backs are all different?

I remember a few years ago a lot of tituses sold for a steep discount over individual sales...so...to me if one hoards a common card...when it comes time to sell more likely than not you will lose $$$$$.

[frohme]

Originally Posted by ullmandds

[...]

My dots miller run...and other runs may be perceived/considered hoarding of sorts...even though the backs are all different?

[...]

From a former back-run collector, this isn't hoarding, IMO, Pete ... its a collecting style, and has nothing to do with the need to compulsively fill holes, gaps, etc... for completeness. Really, it doesn't ... its perfectly natural. I tried, and gave up..

Your Miller run is inspiring.

[Harliduck]

A great example of a newly discovered "hoard" was mentioned earlier on a set I am now collecting, the 1953-55 Dormand Cards. It is interesting how this effected the price.

A little history (I learned through searching here on net54)...these cards were produced to be sold at the stadiums and for the players to have something to hand out from 1953-1955. The players received a brick of 700 postcards. Gil Hodges never received his allotment for whatever reason, making his card SUPER rare. For years this was considered one of the rarest, if not the most rare post-war card out there.

Fast forward to the 2000's, Mr. Dormand passed away, and relatives while cleaning out his basement found the 700 Gil Hodges cards in pristine condition. These were turned over to an auction house that sold the entire lot of 700 for $22k. The poor soles who paid thousands for their example prior saw their investment go south.

Fast forward again to today, and I have no idea how the person that bought the lot doled them out, but it is now rather cheap. Funny...they were initially sold for around $31 a card (700 divided by the $22K). That person could have buried that lot and not made them public. Obviously that didn't happen. A few weeks ago I bought a NM raw example for $20. Graded goes higher of course, but this tells me the person who paid $22k most likely didn't do well, or those who picked them up since are taking a loss. Either way, the accidental hoard and it's release really tells a pretty fascinating story.

Whats funny to me is that even at 700 cards released, that is still a very low population...if this set ever becomes all the rage I could see those going up in value in the long run. Glad I got mine for cheap.

Anyway, enjoying this conversation. I've overpaid several times over for some of the cards mentioned...64 Flood...I actually had 7 61 Hal Smiths come with a lot I bought a month ago, I just cracked up when I saw that...he didn't get them all as the lot was new to market. I bought a 52 lot from the same person last year who had a Baritrome in it that went to a net54 person, and at the time I didn't even know the story on it. I was educated quickly...

[Leon]

Originally Posted by ullmandds

I have attempted to collect multiple examples of a given card mainly for the reason I thought it'd go up in value and was a good "investment." I do not have the means or the desire to hoard dozens of copies of the same card...there are no cards I like that much? And ultimately I got bored and got rid of them not having the patience to "wait" for an outcome.

My dots miller run...and other runs may be perceived/considered hoarding of sorts...even though the backs are all different?

I remember a few years ago a lot of tituses sold for a steep discount over individual sales...so...to me if one hoards a common card...when it comes time to sell more likely than not you will lose $$$$$.

To me, this is definitely not hoarding. Every card is different per the backs. As a back collector, I can appreciate a great run like yours...
.