Was amazed to see the ending price last month on card #1 from the R83 set. I think you could piece together a nice EX "complete" set for about the same money! Must have been 2 collectors "got to have it" head to head duel. I think the Lone Ranger and Tonto would have been impressed.
Richard----they sure had some nice graded HOW & LR cards in that auction ---I guess if someone is going after #1 set on the registry there's no competing with them---might as well try & beat the superman collectors---I was amazed at how much the small Folee SM box went for in the REA---I think 10g or so---
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imagine what most of these cards would really sell for without a registry to put it on. 3 stooges, HOW, ect.. it would be quite interesting. maybe the prices would be similar to 70's or 80's before 3rd party grading?
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I can't find the price listed any more... (that's the problem just showing links--they expire or change) but I did notice those jokers charge an incredible 19.5% buyers premium on top of the closing bid-- plus postage and handling! Amazing. Just Amazing. You would think they were the IRS or something.
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they are the largest auction house in the country. its normal fees now a days. i have picked up some great stuff at fair prices with the BP over the years. no complaints here.
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In just cards, they're behind of course to REA, Legendary (formerly Mastronet), Lelands (probably) and Hunts (probably)
BUT......they are making a lot of headways in the sports/nonsports/memorabilia area. AND.....I've found them to have great customer service/fulfillment. I got my near R5 Wischmann's Aeroplane set from them today actually. And I collect some currency and they're fantastic with that.
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Todd,
I'll take a shot at your question. About 4 years ago a seller had a PSA7 (one and only at the time) Topps Scoop #156(last card) as a buy it now for 700. While I was shocked at the asking price, I was even more shocked that someone purchased it. Since then 2 8's have been graded and I purchased a PSA7 Scoop #156 last month at 200 (about a 70% drop off). But hey, if everyone had the same taste and collected the same way, this hobby would be boring!
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todd hates grading. he makes a great point though. i bet if he had a nicer example it would be off to psa for that 7 or 8, and then to collect the profits.
the larger question is (in my opinion) grading or not, its all about the Registry. this is the driving force behind prices.
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Just for the record - I don't hate grading. I actually thought it was a good idea. I just don't like what it has become. I'm not interested in starting another debate on grading I was just trying to point out the one major flaw with grading - it is SHORT TERM manipulated supply and demand. There will ALWAYS be a better one found down the road. I would estimate only 5% or less of "gradable" non-sport cards have been graded. So your "highest graded example" will eventually not be. This is true even if you have a 10 - as eventually your "only known 10" will be "only 2 known", then "only 1 of 10 known", etc. Again, I'm not bashing grading etc. I'm only offering some friendly advice - if you want the best-of-the-best and can afford it - knock yourself out. But I would bet you are not going to get your money back out of your dupes that you are upgrading as Jim's scenario illustrates perfectly.
PS: If I had a LR graded "7" it would be busted out - as I do not have another house to store all my cards and space is at a premium.
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Todd, nicely put. (And good luck with your home expansion project! )
By the way, last night I freed about 20 Goudey World War Gum cards from their plastic prisons and in so doing, formed a strong opinion: the SGC holders must be about 10x tougher to break into than the PSA slabs! I mean, like, whew, you really have to work at em! Even after cracking off that corner, it's really tough to even get the initial foothold for the screwdriver, much less to pry the two SGC sides apart. PSA slabs are a snap, compared to these.
Is there a corrollary from this observation?
==> Have more or most instances of slab fraud (bogus/manipulated graded cards, the replacement of actual originally graded card with a substitute, or the messing around with the info inserts, etc) occurred with 'recycled' or abused PSA material? Those SGCs seem almost as invulnerable as Superman!
I know they talk about this issue, from time to time, on the baseball card side of the N54 forum, but I don't go there often enough to have noticed if that was indeed the case.
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While I don't have any of my cards graded at the moment, this thread just reconfirms that I'll get the nicer and rarer ones graded before before I ever sell them. With prices like that for a mid-grade card that is not all that scarce, maybe I shouldn't be so stressed out about what happened to my 401(k) last year.
This message has been edited by ChuckRoss on May 21, 2009 7:37 AM
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as i mentioned earlier... the grading is an ingredient, the Registry provides the motivation for a person to spend crazy dough to move up the ladder. if the Registry did not exist and the graded cards were just floating out there in private hands i dont think you would see alot of the prices getting so high. also, there wouldnt be so many cards submitted for grading. case in point the older collectors who have tremendous collections do not want to deal with all of that.
they will however, when its time to sell, get them graded.
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Meanwhile:
Back at the ranch.
I plucked these up for 50 cents each two weeks ago,
Merita Bread, Dell Lone Ranger comic book cover cards, 1950's.
Ten times rarer than Gum inc., but not in any registry or guide book so they fly below the radar.
This message has been edited by ctyankee on May 23, 2009 9:11 AM
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This message has been edited by djrauctions on May 26, 2009 5:16 PM This message has been edited by djrauctions on May 23, 2009 2:25 PM This message has been edited by djrauctions on May 23, 2009 10:33 AM
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its your business, it obviously pays the bills and a tidy profit. You are the one who kinda boastfully showed scans of your two PSA 9 cards and asked the rhetorical question.. what are my cards worth? you already know what they are worth, or what you are going to sell them for, so why put the question out there like that?
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I have to agree, in a limited sense, with Tom's point about grading being used as a gimmick. I cringe when I see cards from the 2000's, of which there have been very few graded, advertised as "1 of 1". You know eventually a lot more will be graded, and that will become "1 of 20", or worse. Anyone who pays a big premium for a recently issued card on this basis is going to lose money.
With respect to older cards (pre-1960), this still applies, in a more limited sense. Although I agree with Tom's point that only a small fraction of these cards have been graded, there may be good reason: they are primarily of lower grade. It is hard to estimate what percentage of high-grade (7 or above) NSC cards prior to 1960 have been graded, but I would venture 25%. I could be way off on that estimate, but I think the last 5 years of rising prices have brought a lot of attic and basement material to the grading companies, and then to market.
That still leaves a large number of high-grade cards to run through PSA, SGC and etc. There will almsot certainly be some surprise discoveries (perhaps a Rembrandt Look n See in PSA-9, a Crockett Green Ambuxh/Ambush in PSA-10), but I believe they will come at a much slower pace than before. Early NSC cards (particularly pre-1956) are tough! Absent a major find like the Dick Tracy cards, I don't expect radical changes going forward for the toughest cards in very high grades.
Would love to hear from an expert on the baseball side, of which I know little, to learn what the discovery trends have been recently for high-grade vintage baseball cards. Are the Pop Reports still undergoing rapid change, or have they stablized?
Best in collecting,
Bill Bengen
This message has been edited by billbengen on May 23, 2009 2:56 PM
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Chuck
They would be returned ungraded because they wouldn't know what they were. The one and only time i sent in a batch of cards to PSA, they sent them back ungraded, even though Joe Orlando was to personally look after them. A complete waste of time and money.
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DJR---it's a pleasure to see those LR 9's regardless of what they're worth---too often I see hi graded cards with dark mottled cardboard or heavy printing lines---your 2 look almost "gem white"
Jim---when I first saw your post I wondered why you were showing comic books, (the Dell logo fooled me)--then I noticed the edges--are they perfs or dotted lines? Also, couple of them look like something is stuck to the back---wonder if they were mounted at one time? I couldn't find them listed in Hakes which usually has just about everything--great to see new unreported finds like this. Closest Hakes has is LON-318 Dell Comic pics strip of 5, but nothing that looks like yours.
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Jim - Quite cool LR cards! LR and Merita are 1950s soul mates and any item showing the two, together, is special. When I was actively collecting 1950s LR-related stuff like the Merita bread labels and whatnot, I came close several times to acquiring the big 1954 Merita LR metal outdoor sign. Depending on condition, a good one in the early 90s might go for maybe $2500. And now, at least one website (Scoop)is saying current value for a high-grade specimen is $7500+. Whoa! But lots of reproductions on the market, sometimes with age stressed ones offered on ebay as the real deal, probably dampening price levels a wee bit.
DJR/Rand - Good debate, but an awful lot of "woulda, coulda, shoulda", no?. To settle this, if DJR just puts one of those 9s up on ebay, no reserve, right now we can see what the market will bear. (My guess: mid-triple-digits at the most, similar to the numbers Mark posted.)
Cheers,
Ralph
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I'm not planning on selling, but David, in your opinion what would be a fair price for a R21 1937 Ripley's BION High No. graded PSA7 with a Pop. 1 of 1 with none higher? Or a PSA6 with a Pop. 1 of 1 none higher?
Cann't be too many high grade examples of those cards out there.
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hey ralph, psa 9's are funny sometimes because the market can be quite thin at that level. who really knows what the cards are worth. it only takes 2 snipes to push the price way up. my issue with the post was simply the tone of it, especially since he is an expert in the field. i thought it was a perfect response from Mark Finn.
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chicken or the egg? is it truly the psa pop report that determines value or the competition amongst registry set builders? at the end of the day i think it depends on who is hot on collecting the set and willing to pony up for individual cards.
my master sky bird set is closing in on ex/mt condition average. i own no 8's. if one falls in my lap that's fine, BUT my philosophy is, budget minded by the way, i'd rather have 3 - 4 sixes or sevens that 1 $200+ NM/MT card.
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"I just hope the card pressing, trimming, rebuilding corners and other crap does not follow like sports!"
That kind of activity seems to follow the money so if you are correct about the future value of vintage nonsports it will certainly be part of the equation.
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