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DaveJeff did kind of bring more point more to light than I was able to do...it being the opposite of many...buying cards and knowing that when your taking them out of slabs the "general consensus" of what they are worth falls. Grading has indeed done some ridicilious things with card prices...I agree. When a common T206 (and I'm guessing on a book value) in near mint condition is said to be worth $400, but put in a PSA 8 holder than instantly sells for $2200...it is all about the slab of course.
Ted and Frank, the both of you may very well have no problem buying high end slabbed cards and ripping them out (if it is a card you just plain need). Obviously most people couldn't do this for finiancial reasons to begin with...from what I've gathered about both of you on the board that isn't really an issue.
Wanted to also say I wasn't trying to come across as a smartass to either of you. I'm a huge T206 guy...I don't have the years in it either of you have and have learned alot from both your posts on this board. I'm 31...so my collecting in the 70's obviously was limited to diapers and rattlers. I did what everyone my age did..collect the mass produced modern crap in the 80's...got back into cards about three years ago after getting married and started on a 1952 topps set. Sold that last year to focus on prewar and eventually just T206's after coming up on this board a year ago. So again...the relationships and trust built buying from the local card shop or the card show in town, neither of those have been available to me when it comes to vintage. For me, all experience have been about slabbed cards...I'm not in it for the money, as I said i'm 31 with three small kids and a wife...I collect PSA 1-3's. Obviously not Jim Crandell material. The day may come when I get sick of the slabs as well and bust everything out...but for now, it makes more sense for me to have them slabbed. In the grades I buy, the card actually comes cheaper being slabbed if you figure in what somebody spent to get the card graded. Also with a nine year old son, who does occasionally like to look at what I have, I dont have to worry when he quickly grabs up a T206, its encased and immune to his accident waiting to happen hands.
Dave