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  #1401  
Old 12-29-2019, 07:41 PM
Aquarian Sports Cards Aquarian Sports Cards is offline
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Quote:
Originally Posted by japhi View Post

And card values, according to the pwcc indexes are flat the past 30 months. 30 months that should have seen significant gains.
Why?
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  #1402  
Old 12-30-2019, 09:00 AM
japhi japhi is offline
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Originally Posted by Aquarian Sports Cards View Post
Why?
Other asset classes have grown substantially. Markets are flush with cash. SP 500 for instance is up 28% this year alone. Dow has almost doubled in the past 3 years. I think the stagnation has a lot to do with price manipulation and FOMO
but that, to me anyways, reinforces how small the card market is. I think this fraud will have an impact - it wonít take many big buyers to pull back to have an impact. That, plus demographics plus the fact we are at the peak of an incredible debt fueled asset bubble donít make me confident in long term card values.
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  #1403  
Old 12-30-2019, 10:17 AM
Johnny630 Johnny630 is offline
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Quote:
Originally Posted by japhi View Post
Other asset classes have grown substantially. Markets are flush with cash. SP 500 for instance is up 28% this year alone. Dow has almost doubled in the past 3 years. I think the stagnation has a lot to do with price manipulation and FOMO
but that, to me anyways, reinforces how small the card market is. I think this fraud will have an impact - it won’t take many big buyers to pull back to have an impact. That, plus demographics plus the fact we are at the peak of an incredible debt fueled asset bubble don’t make me confident in long term card values.
I AGREE with Everything you have said above, except I do not consider graded cards a asset class. THE GRADED CARD MARKET HAS BEEN SEVERELY FALSELY MANIPULATED SINCE LATE 2013.......
It's way to top heavy for me to ever consider investing in.......Long Term I think Levels Go Back to Pre. 2013 Levels.

Last edited by Johnny630; 12-30-2019 at 10:56 AM.
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  #1404  
Old 12-30-2019, 10:46 AM
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pete ullman
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Quote:
Originally Posted by Johnny630 View Post
I AGREE with Everything you have said above, except I do not consider graded cards a asset class. HE GRADED CARD MARKET HAS BEEN SEVERELY FALSELY MANIPULATED SINCE LATE 2013.......
It's way to top heavy for me to ever consider investing in.......Long Term I think Levels Go Back to Pre. 2013 Levels.
i agree baseball cards are not an "asset class" atleast not to me! I can certainly see a "correction" with many cards...50's-70's high grade rookies...some T206...green cobbs...possibly goudey ruth's but I see desirable vintage blue chip doing just fine as the supply is low and the demand high.
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  #1405  
Old 12-30-2019, 11:33 AM
japhi japhi is offline
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I donít count my collection against my net worth so I agree with you guys. But Iíve always suspected that there are a significant number of collectors that have cards as a large percentage of their net worth. I think this is a big part of the reason most collectors want this altered cards thing to go away.

Lets be real, this isnít a hobby for kids anymore. You canít even find cards for sale where I live. A small number of large volume collectors are driving price increases on vintage. Hard to see how it can last when most collectors are in their 60s. Anecdotal but everyone I know has money in RE, most own financial
assets, some have non trad investments like art or cars and literally no one collects sports cards. I have a huge network and donít know one person outside of online communities that collects cards anymore. We all did as kids and
iím the only guy that came back into it. Our hobby is incredibly small and top heavy.
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  #1406  
Old 12-30-2019, 09:33 PM
steve B steve B is offline
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Historically most hobbies are a bit flat when the stock market is doing well.
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  #1407  
Old 01-01-2020, 10:35 AM
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Quote:
Originally Posted by MULLINS5 View Post
The way Etsy operates is the copyright holder must file the report (which iniates legal action) and then Etsy pulls down the listing to err on the side of caution. If you're not the copyright holder then you may be liable for damages if found guilty of copyfraud.
Yep, finally got a reply from them stating that. So unless Topps contacts them, the seller is free to keep using Etsy to sell the fakes.
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  #1408  
Old 01-01-2020, 11:26 AM
Republicaninmass Republicaninmass is offline
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Quote:
Originally Posted by japhi View Post
Other asset classes have grown substantially. Markets are flush with cash. SP 500 for instance is up 28% this year alone. Dow has almost doubled in the past 3 years. I think the stagnation has a lot to do with price manipulation and FOMO
but that, to me anyways, reinforces how small the card market is. I think this fraud will have an impact

Take sept 14th 18 to dec 19, only about a 10% increase in the sp. Most people arent showing that big Oct-dec dump in 2018 to tout how well stocks did this year. Hey 10% ain't bad, but the "28%" just is accounting for that big drop.


No FOMO and price manipulation in stocks?


No Fraud in stocks? People lost about 90% on this TEUM company lying about earnings. Did that stop the "28%" gain on the SP?
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NEED THE FOLLOWING 1952 topps

G TO VG-EX

(TONS TO TRADE, HIGHS LOWS, VARIATIONS, ERRORS)


322 jackson
328 borkowski
345 white
347 adcock
354 Hatfield
386 yuhas
399 frisley
403 miller
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  #1409  
Old 01-01-2020, 05:46 PM
japhi japhi is offline
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Quote:
Originally Posted by Republicaninmass View Post
Take sept 14th 18 to dec 19, only about a 10% increase in the sp. Most people arent showing that big Oct-dec dump in 2018 to tout how well stocks did this year. Hey 10% ain't bad, but the "28%" just is accounting for that big drop.


No FOMO and price manipulation in stocks?


No Fraud in stocks? People lost about 90% on this TEUM company lying about earnings. Did that stop the "28%" gain on the SP?
My point was equities have been doing well the past 4 years. And yes stock prices are a joke, pe ratios are crazy high. Cheap money, etc. The fact that cards have stagnated in this environment - easy, cheap money - suggests we are at a peak. If money tightens up look out, and if some whales exit could be real ugly. JMHO.
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  #1410  
Old 01-01-2020, 05:59 PM
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buymycards buymycards is offline
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Quote:
Originally Posted by japhi View Post
My point was equities have been doing well the past 4 years. And yes stock prices are a joke, pe ratios are crazy high. Cheap money, etc. The fact that cards have stagnated in this environment - easy, cheap money - suggests we are at a peak. If money tightens up look out, and if some whales exit could be real ugly. JMHO.
Yes, that is true for the people who are spending $50k or more on PSA 10's and high end 52 Mantles. For 99% of collectors, we won't even notice it.
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  #1411  
Old 01-01-2020, 06:56 PM
japhi japhi is offline
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Quote:
Originally Posted by buymycards View Post
Yes, that is true for the people who are spending $50k or more on PSA 10's and high end 52 Mantles. For 99% of collectors, we won't even notice it.
Agreed!
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  #1412  
Old 01-02-2020, 06:24 AM
Johnny630 Johnny630 is offline
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Did anyone see this Interview?

https://www.youtube.com/watch?v=_f3k5VSqVt4

Towards the end, he says he see's greener pastures and blue skies ahead for this marketplace/industy.....

I see Visions Of Silver Bracelets and Orange Jumpsuits
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  #1413  
Old 01-02-2020, 06:30 AM
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J0hn Raff3rty
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We discussed it in May here and at Blowout. In fact, it was one the things that threw gas on the fire of the internet investigation. People hated how smug he was in that interview and looked for more things to pin on him.
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  #1414  
Old 01-02-2020, 06:57 AM
Republicaninmass Republicaninmass is offline
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Quote:
Originally Posted by japhi View Post
My point was equities have been doing well the past 4 years. And yes stock prices are a joke, pe ratios are crazy high. Cheap money, etc. The fact that cards have stagnated in this environment - easy, cheap money - suggests we are at a peak. If money tightens up look out, and if some whales exit could be real ugly. JMHO.
Peak schmeak, this is starting to sound like a seeking alpha article. The same was said Jan 19 rescission, global slowdown, etc


When people exit the stock market, they'll need to put resources elsewhere. Maybe something tangible that can make them think of days gone by when life was simpler, and MLBers needed winter jobs. Hoping its oil stocks, since it didnt happen last year!

Dont take it personally, anytime someone relates cards to stocks there are two sides to it. I never believed in these PWCC indices, I stick to what I know. Tough cards, more demand and signed 52 topps when I see 'em
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"Trolling Ebay right now" ©

NEED THE FOLLOWING 1952 topps

G TO VG-EX

(TONS TO TRADE, HIGHS LOWS, VARIATIONS, ERRORS)


322 jackson
328 borkowski
345 white
347 adcock
354 Hatfield
386 yuhas
399 frisley
403 miller
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  #1415  
Old 01-08-2020, 08:44 AM
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WhenItWasAHobby WhenItWasAHobby is offline
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More high profile cards are outed and the amount of damages incurred just keep piling up:

https://www.blowoutforums.com/showth...90614&page=248

https://www.blowoutforums.com/showth...333320&page=18

By the way where's Peter Spaeth been lately?
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  #1416  
Old 01-08-2020, 09:43 AM
cardsnstuff cardsnstuff is offline
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Quote:
Originally Posted by WhenItWasAHobby View Post
More high profile cards are outed and the amount of damages incurred just keep piling up:

https://www.blowoutforums.com/showth...90614&page=248

https://www.blowoutforums.com/showth...333320&page=18

By the way where's Peter Spaeth been lately?
So what happens, once a card is outed; is there a data base of cert #'s, etc? just curious, are the owner's of these cards, requesting refunds, are they still changing hands, is anyone doing anything? I know maybe the fbi is involved, but I haven't heard any more about that since the nat'l. Seems like a lot of great work is being done, but is anything happening because of it? I was just curious. Is there another post I am missing that is providing the card details, etc?
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  #1417  
Old 01-08-2020, 09:45 AM
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pete ullman
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Quote:
Originally Posted by WhenItWasAHobby View Post
More high profile cards are outed and the amount of damages incurred just keep piling up:

https://www.blowoutforums.com/showth...90614&page=248

https://www.blowoutforums.com/showth...333320&page=18

By the way where's Peter Spaeth been lately?
these are hardly high profile cards????? but more cards nonetheless!

Last edited by ullmandds; 01-08-2020 at 10:18 AM.
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  #1418  
Old 01-08-2020, 09:47 AM
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The best comment in one of the threads is that the card now had perfect centering: 45/45
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  #1419  
Old 01-08-2020, 09:55 AM
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bnorth bnorth is online now
Ben North
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Quote:
Originally Posted by WhenItWasAHobby View Post
More high profile cards are outed and the amount of damages incurred just keep piling up:

https://www.blowoutforums.com/showth...90614&page=248

https://www.blowoutforums.com/showth...333320&page=18

By the way where's Peter Spaeth been lately?
He is alive and well, he quoted me and made a snide remark on another forum last night.
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  #1420  
Old 01-09-2020, 08:33 AM
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WhenItWasAHobby WhenItWasAHobby is offline
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Quote:
Originally Posted by cardsnstuff View Post
So what happens, once a card is outed; is there a data base of cert #'s, etc? just curious, are the owner's of these cards, requesting refunds, are they still changing hands, is anyone doing anything? I know maybe the fbi is involved, but I haven't heard any more about that since the nat'l. Seems like a lot of great work is being done, but is anything happening because of it? I was just curious. Is there another post I am missing that is providing the card details, etc?
I do recall that there was a Blowout thread that kept a tally sheet of the number of cards and the prices paid for the altered cards. I don't have a link to it. As for the victims, PWCC did reach out and offer refunds for bad cards that they sold. I have no idea what the response has been and the amount of restitution has been for those parties. There are unofficial statements from board members stating that the FBI is involved with very little in the way of details.
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  #1421  
Old 01-09-2020, 08:49 AM
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Dan
What do you want to know about the FBI? They are absolutely, 100% investigating. That is all of the info we will know for now. No doubt more will come out later but I don't expect it to be soon. Too many rats to still roll over.

Quote:
Originally Posted by WhenItWasAHobby View Post
I do recall that there was a Blowout thread that kept a tally sheet of the number of cards and the prices paid for the altered cards. I don't have a link to it. As for the victims, PWCC did reach out and offer refunds for bad cards that they sold. I have no idea what the response has been and the amount of restitution has been for those parties. There are unofficial statements from board members stating that the FBI is involved with very little in the way of details.
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  #1422  
Old 01-09-2020, 10:30 AM
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Quote:
Originally Posted by WhenItWasAHobby View Post

By the way where's Peter Spaeth been lately?
He's been busy searching for a nice-looking O-Pee-Chee Gretzky rookie.
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  #1423  
Old 01-09-2020, 11:38 AM
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WhenItWasAHobby WhenItWasAHobby is offline
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Dan
What do you want to know about the FBI? They are absolutely, 100% investigating. That is all of the info we will know for now. No doubt more will come out later but I don't expect it to be soon. Too many rats to still roll over.
Thanks Leon.
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