Quote:
Originally Posted by Exhibitman
Some random thoughts:
The multiple cards thing doesn't bother me when each card is at a different level. I don't think the people in the market for a PSA 8 Hank Aaron RC pay any attention to the 3 in the same auction, and vice versa. Personally, I appreciate having cards at different price points available to me. I track about 100 vintage cards and even when there are multiples it does not seem to affect the prices unless there are multiples of the same grade.
The 1986 Fleer Jordan is a unique situation. I do not believe that those few outstanding results on the 10s were genuine sales, but setting those aside, the card is suffering from a unique problem: PSA is grading the Star cards. The 86 Fleer is really Jordan's third year card in a licensed set. He has multiple Star cards that age or older. Until recently, they could be ignored, but not with PSA adding them in. That has really driven down the sales on the 1986 Fleer.
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Has PSA grading the 1951 Bowman Mantle hurt the sales of the 1952 Topps Mantle? I don't see PSA grading the 1985 Star Jordan XRC hurting the value of the 1986 Fleer Jordan RC. It is the most iconic basketball card in existence, just like the 1952 Topps Mantle is the most iconic postwar vintage card. Collectors will always want it.
The problem is the Jordan RC in PSA 10 went from 30k to 300k in a short period of time. Then overnight from 300k to 738k. What is going on is a natural correction with holders taking profits and eventually those buying back in outnumbering sellers and the card going back up.