Based on recent news, are you dumping your graded card collection?
SpinFadeSplash23
Posts: 909 ✭✭✭
With all the recent news, what does your crystal ball say for impact in 3-5 years?
Part of me feels the hobby is strong enough to learn, recover and move forward with this being an educational moment.
Another part of me feels that if the FBI gets involved and they uncover the worst case scenario, it can decimate the entire grading industry.
Getting ahead of the curve and dumping now, then moving into another area (BBCE boxes, CGC comics, etc.) might be a shrewd move, but it could save 10s of thousands in the long run.
How will you be managing your collection?
Joe
IG: goatcollectibles23
The biggest lesson I've learned in this hobby, and in life, is that if you have a strong conviction, you owe it to yourself to see it through. Don't sell yourself, or your investments, short. Unless the facts change. Then sell it all.
IG: goatcollectibles23
The biggest lesson I've learned in this hobby, and in life, is that if you have a strong conviction, you owe it to yourself to see it through. Don't sell yourself, or your investments, short. Unless the facts change. Then sell it all.
Based on recent news, are you dumping your graded card collection?
This is a private poll: no-one will see what you voted for.
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None of the poll choices fit me. I thought briefly about dumping, I’m not, but not because I believe either that it’s short term or that it’ll strengthen the hobby.
Yaz Master Set
#1 Gino Cappelletti master set
#1 John Hannah master set
Also collecting Andre Tippett, Patriots Greats' RCs, Dwight Evans, 1964 Venezuelan Topps, 1974 Topps Red Sox
I would never give up the hobby I love because of this situation. Card collecting is more than just a hobby, it's a lifestyle. Nothing could ever make me stop collecting, except maybe my wife holding a pair of pliers, but outside of that, nothing will ever keep me from enjoying this hobby.
None of the poll choices fit me so no vote.
Answer to question hell no. Got lots of cards on deck ready to grade.
If your just figuring out now that hucksters have been doctoring cards for centuries, then you should stay out of this great hobby. Be aware of what your buying and the risks involved, and admit to yourself that there are lots of slabbed vintage cards in all grades that have been "conserved" from ALL the TPG's. And most importantly, if you can't afford to have your slabbed card lose half it's value or more, then put your money somewhere else. Just my two cents.
Collecting Unopened from '72-'83; mostly BBCE certified boxes/cases/racks.
Prefer to buy in bulk.
Some of these reactions are eye opening. Thanks for posting.
IG: goatcollectibles23
The biggest lesson I've learned in this hobby, and in life, is that if you have a strong conviction, you owe it to yourself to see it through. Don't sell yourself, or your investments, short. Unless the facts change. Then sell it all.
Most of my graded collection is from subbing my own raw cards that I spent hours upon hours comparing and searching thru ebay listings until I found the right card that I would be happy with regardless of what grade PSA eventually gives it. I don't grade often but when I do it's mostly just to get those handpicked cards slabbed & preserved. I have no plans to stop collecting entirely because of what's been going on but I can understand where many people are unhappy with everything and don't blame them for losing faith in that market while deciding to get out now.
Eric
Erikthredd’s MJ Collection: https://www.psacard.com/psasetregistry/publishedset/395035
Erikthredd’s Nike Air Jordan Collection: https://www.psacard.com/psasetregistry/basketball/key-card-sets/nike-poster-cards-michael-jordan-1985-1992/alltimeset/408486
This is an atrocious poll. The options are just stupid. No option for me. I won't be buying anymore PSA or BGS graded cards because their process is clearly the antithesis of what they claim to do, ie it's a complete failure of mission statement. I'll dump a lot of my graded stuff and keep some PC stuff for regrading when there is a trustworthy TPG option.
It's just a hobby. I collect cards to get away from stress, not to incur it.
Andy
Did I miss something? I haven't heard any troubling news. Post me a link or something please.
I stopped buying graded cards a while ago, it had a lot to do with being able to enjoy my cards more in raw form and not stressing about resale value. Inconsistent grading didn’t help matters much either, regardless of what comes of this new “Epidemic” I think the hobby will drive on
Nope. Collector only. Though I am a bit disappointed, though not shocked, by what appears to be systemic collusion between a few parties in pursuit of the almighty dollar while also conning buyers and collectors. But that happens anytime big bills are involved.
You and those like you are exactly who these criminals prey upon. You empower them.
You wouldn't know there's any trouble. I just lost an auction on Ebay for a PSA Joe Louis card. We fought like animals at the end for it. I got stomped.
This is a silly poll that assumes everyone knows what "news" you re talking about.
I'm going to take the high road on this one. Thanks for your insightful evaluation.
Andy
This one is already heading down a path I don't care for, so I am going to wrap it up here.