1952T Mantle price drops

[Beercan collector]

Wow it’s the same card somebody lost $850,000 ,
(Unless of course it changed hands between sales)

[Republicaninmass]

More Pain will be coming.

[iwantitiwinit]

Originally Posted by Republicaninmass

More Pain will be coming.

Whole heartedly agree.

[parkplace33]

Originally Posted by iwantitiwinit

Whole heartedly agree.

The most scary thing this Halloween? The card market.

[Peter_Spaeth]

Originally Posted by Beercan collector

Wow it’s the same card somebody lost $850,000 ,
(Unless of course it changed hands between sales)

Good ROI.

[rand1com]

I have only owned one. Twenty five or so years ago I bought a raw one I thought would grade 5. Paid $6K for it. It was worth $8K at that time in a 5 and $6K in a 4. It graded 4. Sold it for $6K. Lost the $50 grading fee. Yes, at that time PSA would grade a ‘52 Topps Mantle for $50 with two day service. Good old days on fees. Don’t think I will be losing $850K on one any time soon.

[Rhotchkiss]

Here is VCP data on PSA 8’s (the 1st pic) and PSA 2’s (the 2nd pic). I recognize that eye appeal can vary much more between PSA 2’s vs PSA 8’s (all of which should be dang nice), but it appears the card in both grades has come down about 50% from their peaks.

I think it’s a upper-most/top card, just like the 1987 Fleer Jordan. But, also like the Fleer Jordan, they are plentiful and available. Anyone willing to spend the cash can get one. It seems like there are 2-4 in every large auction I look at (Heritage, REA, etc) and 5-8 in every Goldin auction. It’s just too common a card. PSA 8s may not be as common, but at that point you may be buying the flip and not the card. If you have the money and you want a Mantle (or Jordan), just wait until the next auction and you will have plenty to choose from.

[Exhibitman]

All good points except one: I think it is a nice-looking card.



But I happen to like the 1952 set. Not as nice as some of the other cards in the set,



but not a dog either, given that it is a Flexichrome, not real photo.

I happen to think the 1953 Topps is far more cartoonish and unattractive, but I am in the minority there.

[bks14sr]

Hoping the mid grade continue to drop a little more, as I’m selfishly trying to take advantage to have a real go at finishing my set. Beyond set needs, I actually like the card. I’ve always wanted one, just haven’t been in position to purchase the ones I’ve came across.

I actually took motivation from a recent member on here who sold their collection to buy a 52T Mantle. Decided to take a similar approach, sent a big group of cards to REA for their fall auction. Hoping I can pull enough to shop for a nice VG-VG/EX Mantle.

[parkplace33]

I was talking to a long time collector today about this post and 52 mantle in general. We both believe you will be able to get a nice psa or Sgc 5 52 mantle for under 6 figures in the near future.

[Aquarian Sports Cards]

.

[Snowman]

The majority of the variance in hammer prices can be explained by the eye appeal.

That said, there has definitely been a significant shift in the market ever since the terrorist attack in Israel. People are afraid of a much larger conflict brewing.

[NYYFan63]

Originally Posted by Snowman

The majority of the variance in hammer prices can be explained by the eye appeal.

That said, there has definitely been a significant shift in the market ever since the terrorist attack in Israel. People are afraid of a much larger conflict brewing.

Great point!


Sent from my iPhone using Tapatalk

[jsfriedm]

Originally Posted by Snowman

The majority of the variance in hammer prices can be explained by the eye appeal.

That said, there has definitely been a significant shift in the market ever since the terrorist attack in Israel. People are afraid of a much larger conflict brewing.

Maybe generally true, but in this case it was the exact card in question that sold for 850K less, so eye appeal can't be the explanation.

[Rhotchkiss]

Originally Posted by jsfriedm

Maybe generally true, but in this case it was the exact card in question that sold for 850K less, so eye appeal can't be the explanation.

Agree. Plus, on the PSA 2 comps, there are enough sales to show that prices are falling/have fallen (quite a bit) across the board, and it can’t all be eye appeal with so many examples - 12 since April 2022, including Scott’s Collector Connection sale (great result Scott).

Eye appeal matters, a lot especially with these commodity cards (more common). But that’s not the answer here. Values have fallen

[Republicaninmass]

A PSA 3....ok when I was building my set, for an exception example I wanted to pay 10k, and the card was selling just a little higher than that. Still waiting for "my price" even with inflation, what significantly has happened in the last decade for this card to magically "go up" 8-10x? Soley, and based on the sentiment here, more people thinking it will just go up!

[Snowman]

Originally Posted by jsfriedm

Maybe generally true, but in this case it was the exact card in question that sold for 850K less, so eye appeal can't be the explanation.

Yes, but that sale was from October 2021, during the height of the covid boom. A lot of cards way oversold at that time. Recent PSA 8 comps have been much lower. The last one sold for less than a million. I probably would've guessed this one would close at $1.3M or $1.4M with its eye appeal, so it undersold my expectations, but not by a huge margin. I don't think anyone was expecting another $2M PSA 8 sale.

[Snowman]

It seems as though the card market is acting rather irrationally at the moment. I've been getting slaughtered on my consignments this month. Doing about 60% of my expectations, and I'm usually not off by more than about 10%. Something has definitely changed. And it's not just the modern market. Higher end and mid range vintage are both experiencing some significant downward pressures this month.

I really do wonder if the war in Israel/Palestine is having a significant effect on the card market.

[Jdoggs]

Originally Posted by Snowman

Yes, but that sale was from October 2021, during the height of the covid boom. A lot of cards way oversold at that time. Recent PSA 8 comps have been much lower. The last one sold for less than a million. I probably would've guessed this one would close at $1.3M or $1.4M with its eye appeal, so it undersold my expectations, but not by a huge margin. I don't think anyone was expecting another $2M PSA 8 sale.

Which auction house was the last 52 topps mantle psa 8 which sold for under a million?