The trend in Wagner cards

[jsfriedm]

Just got this Wagner at a much lower price than these have been selling for over the past couple of years:

[Rhotchkiss]

Last night in REA, (5) playing-days Wagner cards/items sold. Below is a list of those cards, together with the most recent relative VCP comps and date of those comp:

M116 blue, SGC 1:
Sold for -- $27,000
Comp #1 -- SGC 3, sold for $16,800 on 4/23/23
Comp #2 -- SGC 1.5, sold for $4,612 on 7/11/21

E93, PSA 2:
Sold for -- $10,200
Comp #1 -- SGC 3.5, sold for $9,000 on 2/12/23
Comp #2 -- PSA 2, sold for $3,360 on 7/24/21

E106, SGC A:
Sold for -- $7,500
Comp #1 -- SGC 2, sold for $5,450 on 4/24/23
Comp #2 -- PSA 1.5, sold for $18,000 on 4/23/22

E254 Colgan's Chips, PSA 4
Sold for -- $3,600
Comp #1 -- SGC 4, sold for $3,540 on 9/17/22
Comp #2 -- SGC 2, sold for $2,220 on 10/23/22

W555 Wagner, PSA 3 -- no real comps in last 4 years
Sold for -- $4,920
Comp #1 -- SGC 5.5, sold for $1,300 on 10/17/19
Comp #2 -- PSA 5, sold for $710 on 10/11/18

Aside from the Colgan's, all of the other playing-day Wagner that sold last night are continuing the upwards trend. The Colgan's flat results is interesting considering its a portrait pic.

[gunboat82]

Originally Posted by Rhotchkiss

Last night in REA, (5) playing-days Wagner cards/items sold. Below is a list of those cards, together with the most recent relative VCP comps and date of those comp:

M116 blue, SGC 1:
Sold for -- $27,000
Comp #1 -- SGC 3, sold for $16,800 on 4/23/23
Comp #2 -- SGC 1.5, sold for $4,612 on 7/11/21

E93, PSA 2:
Sold for -- $10,200
Comp #1 -- SGC 3.5, sold for $9,000 on 2/12/23
Comp #2 -- PSA 2, sold for $3,360 on 7/24/21

E106, SGC A:
Sold for -- $7,500
Comp #1 -- SGC 2, sold for $5,450 on 4/24/23
Comp #2 -- PSA 1.5, sold for $18,000 on 4/23/22

E254 Colgan's Chips, PSA 4
Sold for -- $3,600
Comp #1 -- SGC 4, sold for $3,540 on 9/17/22
Comp #2 -- SGC 2, sold for $2,220 on 10/23/22

W555 Wagner, PSA 3 -- no real comps in last 4 years
Sold for -- $4,920
Comp #1 -- SGC 5.5, sold for $1,300 on 10/17/19
Comp #2 -- PSA 5, sold for $710 on 10/11/18

Aside from the Colgan's, all of the other playing-day Wagner that sold last night are continuing the upwards trend. The Colgan's flat results is interesting considering its a portrait pic.

Just one data point, but I'm one of the newer vintage collectors among the influx driving up demand on the "lower end" stuff. I had my eye on the Colgan's Wagner but steered clear because the centering was so bad that it triggered my OCD. I thought the PSA 4 grade was a bit of a mirage that might drive up the price, so I bowed out early.

[Touch'EmAll]

Not sure if PSA puts qualifiers on a 4 grade, but the Colgan's Wagner was OC/MC. As we see again - centering, centering, centering.

[gunboat82]

Originally Posted by Touch'EmAll

Not sure if PSA puts qualifiers on a 4 grade, but the Colgan's Wagner was OC/MC. As we see again - centering, centering, centering.

According to PSA's site, the off-center tolerance for a "4" is 85/15 on the front and 90/10 on the back. So the item can get a 4 within those parameters, or perhaps a higher grade with an "OC" designation. They can get away without applying the "MC" designation if the centering isn't "an atypical cut for the issue," which is even more subjective.

I don't know if this particular Wagner is "atypical," but it's certainly more off-center than any of the several others I've seen. I do know that this Wagner was previously in an older PSA holder, and it was listed for sale for around $6K in Facebook groups. I'm not sure if PSA is inclined to rubber-stamp the old grade when an item is reslabbed, but it wouldn't surprise me if that happened here.

[brianp-beme]

Originally Posted by jsfriedm

Just got this Wagner at a much lower price than these have been selling for over the past couple of years:

None of these Enameline Wagner detached head cards have ever sold, so it is a little tough to place a value on it.


Brian

[brunswickreeves]

Originally Posted by brianp-beme

None of these Enameline Wagner detached head cards have ever sold, so it is a little tough to place a value on it.


Brian

Yeah that’s a head scratcher, lol.

[Aaron Seefeldt]

The recent surge in the Flying Dutchman's prices have me concerned. It's reminiscent of the stock market's internet bubble in 2000ish.

Tread carefully.

[JeremyW]

Originally Posted by Aaron Seefeldt

The recent surge in the Flying Dutchman's prices have me concerned. It's reminiscent of the stock market's internet bubble in 2000ish.

Tread carefully.

I wonder if people are buying the M116 portrait to finish their T206 sets? It is a decent sub.

[Cmvorce]

Originally Posted by JeremyW

I wonder if people are buying the M116 portrait to finish their T206 sets? It is a decent sub.

This is exactly what I did. Even though I’m not even halfway done with the set I wanted to get a portrait Wagner when I had the opportunity.

[ullmandds]

Originally Posted by Aaron Seefeldt

The recent surge in the Flying Dutchman's prices have me concerned. It's reminiscent of the stock market's internet bubble in 2000ish.

Tread carefully.

there are likely powers at play in the hobby...where hoarding of wagners occurred...followed by significant price spikes. Soon to level out...maybe...resulting in slightly less rich valuations in the near future.

[JeremyW]

Pete- I don't see people paying $27K for a PSA1 M116 tomorrow. I'll admit that I don't have one to sell.

[raulus]

Originally Posted by JeremyW

Pete- I don't see people paying $27K for a PSA1 M116 tomorrow. I'll admit that I don't have one to sell.

That’s right, dammit. They’ll pay $270k tomorrow, and they’ll be thankful it wasn’t even more.