Please Explain the Pete Rose Rookie to Me

[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]

Originally Posted by 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?

Yes.

[ichieh]

Peter_Spaeth
I absolutely agree that the price of a pop 1 card is often artificially driven, rather than market driven. Most of the time, this type of card falls into the hand of collectors (rather than investors) and may never appear in the market again. Just think, when the last time that you saw a 1952 Mickey Mantle PSA 10, since Tom Candiatti sold the card in private transaction few years ago. I have to disagree with you on your other notion. I think that if you put this card in the mix among other 9's, most of the professionals would still be able to pick it out as a sgc 98 or psa 10). I agree that the label is for those who are not trained to grade cards and help the industry to standardize grading. They may not be right 100% of the time, but based on my experience, they are correct most of the time.

[Peter_Spaeth]

MJ maybe but on the other hand I know a guy who used to deal in large quantities of Jordan rookies and it was essentially a game for him cracking out 9s to resubmit and getting a certain percentage into 10s -- or just asking for bumps at the Parsippany show. I dare you to crack yours out and resubmit it if you are so confident.

[barrysloate]

I don't think the professionals could distinguish a 9 from a 10 with any great level of consistency. That's my take.

[Peter_Spaeth]

I agree with Barry. I think for the most part it's essentially arbitrary.

[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.