Please Explain the Pete Rose Rookie to Me

[ichieh]

teetwoohsix,
I am not rich, but am fortunate and keep a small saving. The stock market is too volatile to invest, and the bank pay less than 1% for my money in CD. I watched Pete Rose growing up, and despite all controversies, i respect him as a player who hustled and gave his 110% day in and day out. You are absolutely correct, pre-war cards probably could preserve better value over time, since the supply is so much more limited. But this is not just about money, sometimes you go with your heart instead of your brain. All i can say is, since i won the card, i have been too excited to sleep more than 6 hours per day. I have been acting like a little kid who just open his Christmas gift and found out that the gift is something that he has been dreamed of.

[bobbyw8469]

Agreed!!! I bet the seller of the card through REA looking for the "quick flip" is sick about losing $7,000 on the card! Anyway, SWEET ROSE!! Good luck with your flip/showcase!

[Fred]

I usually refrain from starting any crap on this board but.... HAHAHAHA.... I just don't get it....

If it "legitimately" sells for $100K, I might get it...

I started to read the thread, then I looked on ebay for Pete Rose rookies and found this very card on ebay for $100K. I then further read the thread. I figured that someone would post this card in this thread and just like I figured, there was a post!

I guess I'll never understand buying the label... Seriously, I'm not poking fun at the buyer but.... HAHAHAHAHAHAHA.... I wasn't sure whether I should laugh my ass off or stare at this thread in utter amazement... ok, just to lot everyone know (though most don't care)... I laughed my ass off...

This reminds me of the time that one of my buddies (who lives in San Diego) was on ebay in the middle of the night after getting totally trashed... he woke up the next morning to find out he BIN'd a couple of EXPENSIVE tickets to a Chargers/Patriot game.... IN NEW ENGLAND.... HAHAHAHA - I'm sorry....

[ChiefBenderForever]

63 is a tough year, highly sensitive, I think this was a good buy. If it could be crossed over to PSA10 would instanly triple in value or more, or if held until Pete Rose death it should double overnight. I don't see many other, if any more equal grades coming out on this card, and even if they do shouldn't affect value to much. If anything has been shown from the latest REA auction it is that a quick flip can cost a lot of money.

[benchod]

ichieh
Are your posts serious?

"i am just curious how much would you guys be willing to pay for a SGC 98?"
Evidently less than you since everyone on this board could have bid on it

"you can pretty demand the price"
Really? good luck getting your 100k

[ichieh]

benchod
i think we all agree that the card would not sell for $100K, at least not this year or anytime soon. I came up with the number because it's the same figure that the previous owner asked on ebay.

http://cgi.ebay.ca/1963-Topps-PETE-R...item53df2c435e

[ichieh]

speaking of crossing over, how is your experience with crossing a high value card to PSA? Will they be biased and refuse to cross over to a psa holder because it's in SGC holder?

[Peter_Spaeth]

IMHO it's artificial value, driven by an essentially arbitrary flip (how can a card be graded higher than Mint?), unrelated to the merits of the card (could you pick it out of a crowd of 10 9s? I doubt it), but what the hell if it makes you happy that's great. And given that there are many others who think as you do, it may well turn out to be a decent investment.

[2dueces]

Originally Posted by ichieh

teetwoohsix,
I am not rich, but am fortunate and keep a small saving. The stock market is too volatile to invest, and the bank pay less than 1% for my money in CD. I watched Pete Rose growing up, and despite all controversies, i respect him as a player who hustled and gave his 110% day in and day out. You are absolutely correct, pre-war cards probably could preserve better value over time, since the supply is so much more limited. But this is not just about money, sometimes you go with your heart instead of your brain. All i can say is, since i won the card, i have been too excited to sleep more than 6 hours per day. I have been acting like a little kid who just open his Christmas gift and found out that the gift is something that he has been dreamed of.

The stock market is what it is and always has been. It's not too volatile for millions of investors and traders. The card market can be just as volatile if you invest in the wrong cards at the wrong time.
I have found the stock market to be an absolute joy the last 18 months. Alot of under valued stock were scooped up when there was a rush to sell. Like the card market, if you do your research, homework and don't let emotions get in the way of good business sense your portfolio could have risen by 40% over the same period. Not many cards turned that kind of return in the same time period.

[teetwoohsix]

There are some people who are very good at making money in the stock markets.And I'm sure there are people who are very good at making money selling cards also.But just like in the stock markets,you are always aware of the risks-you can lose just as fast as you can win.

As is always discussed on this board,you can't just go off of pop reports for an accurate number of what is out there.How many Gem Mint 10 Rose rookie cards are out there sitting in collections that are not graded?Who knows,but I bet there are a few...........and if they were to be graded,what would that do to the prices?Your 1/1 is now a 1/6,1/7,etc.

And,it is amazing to me how the price of the 96 Mint Rose rookie and the 98 Gem Rose rookie have this $10,000.00 gap in between..............I honestly do not get it.

Clayton