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#1
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Vintage cards as investments
Posted By: steve
The DOW is about 500 points lower now than it was on January 1st. |
#2
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Vintage cards as investments
Posted By: Scott Levy
IMO collectibles as an investment ought to be looked at the same way as Art. In other words, don't even bother to play that game unless you're worth at least $1M liquid in which case I'd still say to limit the total $$ to 5% of your total investments. If you're able to play, invest under the assumption that it would be okay for you to lose 100% of that investment and again my opinion, buy the rarest, highest grade item you can afford. A personal favorite for me would be a T206 Plank in the best shape u can find it. |
#3
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Vintage cards as investments
Posted By: Jeff Prizner
get ready for a bunch of CARDS ARE NOT INVESTMENTS, blah, blah, blah responses. |
#4
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Vintage cards as investments
Posted By: leon
Value is always determined by supply vs demand. Don't forget either of those sides of the equation and do what Jeff suggested. For me ...Collecting total population rarities (not grade wise) has worked pretty well but I am definitely a collector more than an investor....Maybe that's why I have done ok with it...? |
#5
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Vintage cards as investments
Posted By: Darren
Look at the track record of specimens of Ruth, Cobb, Wagner, Matty, & Johnson. The more scarce the issue, the higher the return over the last 10 yrs. |
#6
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Vintage cards as investments
Posted By: ali_lapoint
this is kind of a weird question. i would guess 90 percent of people buy cards because they like them. i dont think too many people buy cards as investments. stocks can turn a man rich in an instant. the same can't be said for baseball cards. besides, no one who is looking for an investment invests in something that will take decades to turn a big enough profit that the investment was worth while. unless you consider turning a 10 percent or 20 percent profit a huge score. |
#7
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Vintage cards as investments
Posted By: Arthur Lobbe
I ONCE heard of a person who LOST a fortune in the stock market. |
#8
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Vintage cards as investments
Posted By: barrysloate
Scarce vintage cards are still pretty strong across the board, so why not buy the sets that you know the most about, including current market value and which cards are the toughest. I'm a strong believer in knowledge, so invest in what you know well. |
#9
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Vintage cards as investments
Posted By: Eric Brehm
I think the cards that will hold their value the most are ones that new people coming into the hobby in the future will want. I would go for popular players from popular sets, in the best condition you can afford. Examples would be T206 Cobb, 1933 Goudey Ruth, and (in the post-war arena) high grade Mickey Mantle cards from any issue. The supply/demand equation already makes these cards quite expensive today of course, so I'm not predicting they are going to skyrocket in value, but I think they are likely to remain valuable ('good investments' if you will), even if the general level of interest in the sportscard hobby declines. |
#10
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Vintage cards as investments
Posted By: Kenneth A. Cohen
Whether it be stocks or vintage cards, the easiest way to make a small fortune is to start with a large one. |
#11
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Vintage cards as investments
Posted By: Alan
Ken - |
#12
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Vintage cards as investments
Posted By: steve
After debating this hard in my head, I do tend to agree with Jeff - cards can very much be a wise investment. Heck, if a coin is PCGS slabbed and because it has an "S" mint mark over a "D" - BIG money can be spent. |
#13
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Vintage cards as investments
Posted By: boxingcardman
But always fun to rehash on a lazy Friday afternoon. |
#14
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Vintage cards as investments
Posted By: Eric Brehm
Maybe the best advice to follow in this area would be that of Will Rogers: "You want to make money in the stock market? Then buy some stock. If it goes up, sell it. It it goes down, don't buy it." |
#15
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Vintage cards as investments
Posted By: JimCrandell
Agree with one previous poster--you will hear a lot of bs that cards are a hobby and put your money in your house(ugh!) or cds. This is wrong. |
#16
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Vintage cards as investments
Posted By: barrysloate
I wasn't looking at your Schlumberger! |
#17
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Vintage cards as investments
Posted By: Steve
Just remember that when it comes time to sell baseball cards are not as liquid |
#18
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Vintage cards as investments
Posted By: Eric B
You just need to make the right choices as to which cards will go up. Like who would have expected this one. Heck, it's not even a 1 of 1 pop. |
#19
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Vintage cards as investments
Posted By: Marc S.
Surely you can't invest in those companies about which you provide research reports, right? |
#20
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Vintage cards as investments
Posted By: Rob D.
Thanks for posting that link, Eric, because it illustrates one of the pitfalls of investing in cards. That card and holder sold for $11,000-plus. If that card were in a PSA 9 holder, it would sell for roughly half that -- maybe. At least if I invest in a work of art, the piece will hold its value no matter what kind of frame is around it. Where's the value in that Three Stooges card? Obviously, a lot of the value is in the holder. I think most people would agree that if they were to invest in cards, they'd choose graded ones. Given the uncertainty in accuracy that's been commonplace within the grading industry in recent years, I'd be hesitant to "invest" a lot of money in a product that's going to rely heavily on the holder that a card rests in. |
#21
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Vintage cards as investments
Posted By: Cy
Eric, |
#22
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Vintage cards as investments
Posted By: jeffdrum
I've just seen the first 4 Stooges card! - Just Kidding! |
#23
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Vintage cards as investments
Posted By: Steve
Nyuk Nyuk Nyuk |
#24
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Vintage cards as investments
Posted By: John Basilone
Take a look at that guy's feedback. I believe he's spent approx $50k in 3 Stooges cards in the past month! |
#25
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Vintage cards as investments
Posted By: boxingcardman
Having just filled out and sent in my claims form for my Enron losses, I wouldn't call American big business or Wall Street a paragon of virtue either. You are hoping to roll an 11 with stocks too, but with considerably less information about the odds. If you took all of the scandals and questionable practices of card graders, sellers and buyers and lumped them together they would not even come close to the "business as usual" practices of Wall Street. All the ex-con card folks I know did their prison time for offenses committed in other areas of life. |
#26
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Vintage cards as investments
Posted By: MVSNYC
rarity + condition is the formula...(as mr. levy elluded to with his plank example). i recommend the highest graded T206 rare backs you can get...Drum, Uzit, Red Hindu, BL 460, etc... |
#27
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Vintage cards as investments
Posted By: leon
I also think high grade rare backs would be a good way to go too.....however, one thing we haven't really touched on is the "buy" prices. On the recent D304 Cobby that went for 109k, I would think it would be a great investment type card but that buy price is going to take some time to catch up to it.....imo. I heard it could have gone higher too.....all I can say to that is "wow". SO all of the discussion we have had about this really should include the "buy" price imo. I am pretty sure I have some great cards that would be great investments but I might have overpaid for them when I bought them. Knowledge is the key.....Timing is important too... |
#28
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Vintage cards as investments
Posted By: MVSNYC
Leon- you are correct...it goes without saying that you want to get in on the "ground floor" or at least as cheap as you can...overpaying is never a good thing, especially when you are buying for investment purposes. |
#29
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Vintage cards as investments
Posted By: Rob D.
All the ex-con card folks I know did their prison time for offenses committed in other areas of life. |
#30
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Vintage cards as investments
Posted By: boxingcardman
Every time there is another Wall Streeter doing a perp walk I have only one thought: "Please not Jewish" |
#31
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Vintage cards as investments
Posted By: ali_lapoint
baseball cards for the most part are wise investments for future generations. all the vintage cards you have were worth nothing when 90 percent of the owners had them. that said, if you spend 50K on a baseball card now you're going to have to wait an awfully long time for it to get high enough to make a significant profit from it. 50K is a big number, and it'll take quite a few years for a card already valued that high to increase further in value. you probably won't live to see your 50K card rise to the 100-200K price range especially if you're a middle aged man now. |
#32
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Vintage cards as investments
Posted By: steve
In the BST section - T206 Lajoie PSA 9. |
#33
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Vintage cards as investments
Posted By: Bruce Dorskind
Investing In Baseball Cards |
#34
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Vintage cards as investments
Posted By: barrysloate
Excellent post Bruce. |
#35
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Vintage cards as investments
Posted By: MVSNYC
steve- |
#36
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Vintage cards as investments
Posted By: Brian
The Bruces forgot one item on the list, and that is to purchase the card well below market value. |
#37
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Vintage cards as investments
Posted By: Bruce Dorskind
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#38
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Vintage cards as investments
Posted By: leon
Your last post is absolutely positively wrong.....but good guess.....email me if you are interested....but what you said couldn't be farther from the truth... |
#39
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Vintage cards as investments
Posted By: boxingcardman
that royal wee thing is hard to read. Perhaps it's about time for His Weenis to retire it? |
#40
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Vintage cards as investments
Posted By: Brian
<<We have made countless purchases from our advertising and aggressive networking.>> |
#41
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Vintage cards as investments
Posted By: Bob
Pre-war mid grade cards continue to be a very good investment. Over the last 15 years I have completed sets, sold them for a profit and plowed the money back in to more card sets. I've sold 2 T207 sets, for example, and have one in the safe. The current T207 set was paid for completely with the profits generated from the first two sets. While I won't rank up there with the guys who can toss 10k+ for a single card, steady collecting, trying to buy low and sell high with mid grade cards is the way for the average collector to go. Besides, if the cards suddenly have zero value, I still have a bunch of beautiful card sets which I love. If they retain their value or go up (almost all have), I have a nice nest egg. The only time I go after the high graded cards is when I need a particular card for a set, otherwise mid-grade cards with nice images and eye appeal are fine with me. |
#42
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Vintage cards as investments
Posted By: JimCrandell
Good stuff Bruce. Focusing on quality and rarity will certainly be a good investment even though that is not your primary purpose. |
#43
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Vintage cards as investments
Posted By: Christopher
Stocks in general haven't moved up much since the Tech bubble crash in 1999 nearly 10 years ago. The market as a whole has basically been treading water. |
#44
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Vintage cards as investments
Posted By: Bobby Binder
If you want to get the best return on your investment then this is what I suggest you do. Check out the set registries and see what sets the whales are currently collecting. Then buy the highest grades of all the sets they don't have yet. Then watch them and see when they start buying the cards you have then start selling them and you will be sure to get huge dollars in return. |
#45
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Vintage cards as investments
Posted By: Rhett Yeakley
Call me crazy, but what is the motivating factor for people to donate ANYTHING to a museum, other than a tax write off? |
#46
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Vintage cards as investments
Posted By: JimCrandell
Rhett, |
#47
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Vintage cards as investments
Posted By: barrysloate
Another problem with donating baseball cards to a museum is that if the general public is allowed to view them over time some will certainly be stolen. That has happened in almost every museum or library where security was lax and anyone who made an appointment could see them. |
#48
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Vintage cards as investments
Posted By: Frank Wakefield
Collecting ball cards is fine. Fooling yourself into thinking that it is a wise investment isn't fine. Notwithstanding posts to the contrary; invest in mutual funds, stocks, bonds, an education, home, real estate, buy land and plant hardwood saplings... those are reasonable investments. Ball cards; one is merely justifying overspending on a passion by mislabeling the passion. This topic shows up every 6 to 8 months. I think it was Vin Scully who said something along the lines of how a drunk uses a lamp post for support, not illumination. Until the 'investors' see the light, they'll continue to lean on their faulty, wishful reasoning. |
#49
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Vintage cards as investments
Posted By: Steve
Cards can be a very good investment, but it seems that the best returns are on those that |
#50
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Vintage cards as investments
Posted By: Tim
I think buying cards strcitly for investments is not wise. If you're looking for a true investment there are many more places to put your money to insure a return, or at equal risk net a bigger return. |
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