89 UD PSA 10 Griffey now $1000 card
NGS428
Posts: 2,333 ✭✭✭✭✭
Quite the jump recently..
$600 to $650 in January
$700 to $750 in February and March
$800 first week in April
Last 7 sales north of $1000
Iconic card selling at strong prices. Who knows if it will hold at this level.. Hope you already got your if you wanted one.
Post yours!
Nic
Guides Authored - Graded Card Scanning Guide PDF | History of the PSA Label PDF
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The two cards that are leading the card market higher are the 86 Fleer Jordan and the 89 Upper Deck Jr. Pretty cool that the 80's are the driving force.
I self subbed my PSA 6 that I got from buying a factory set off a guy one night for $100. I remember we were at my friends partying and he said he had a set and I said lets drive to your house and I will buy it. Good times.
Thought it was easily a 9 back then and then an 8 after I became more experienced in card grading so it must be pretty tough to get a 10. When it was around $475 I said to myself I should buy one. Didn't and here we are.
Congrats to those that own them. Such an iconic card.
Good story @Dpeck100! They all look better when you are partying
Currently PSA 10’s are hitting at 5.2% over 72,989 submitted. 3,793 10’s out there...
Nic
Guides Authored - Graded Card Scanning Guide PDF | History of the PSA Label PDF
Paid $330 for mine, and I remember thinking that was a little high at the time. But I wanted one so I went for it. Glad I did. Similar card that continues to rise is the 2011 Topps Update Trout PSA 10. They are up to around $1700 now which is crazy.
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Oh I thought it was a 10 that night! Haha
I had it in a lucite screw down in a penny sleeve and displayed for years. I looked at it the other day and it might be a hologram issue on the back. I have read they are harsh on those. It doesn't look like a 6 but I think the card is cool so a keeper.
I am happy to see these cards that were so popular during my childhood regain their glory. This was a 3k card when I first started on EBAY in college and nice to see it moving higher. It is good for the hobby.
dont have one (graded 10 that is )
Isn't Upper Deck still printing these out?
James
FASC boxes have jumped as well. Did not buy a 10 and I should have, however did buy two low# FASC boxes to stare at me and dare me to open
This blows my mind........after all the documented claims of this card being reprinted? Seriously?
Ha! What else do you have to do? Is your weekend open? Mine is
Nic
Guides Authored - Graded Card Scanning Guide PDF | History of the PSA Label PDF
Looking for a third!!!
Open it for Happy Hour!
Me too, but my wife isn't into that.
This was a PSA 9 in my collection for years...decided to crack it out and it jumped to a PSA10.
Very happy to hear the price has been jumping!
https://www.psacard.com/psasetregistry/pdub1819/othersets/6204
As much as I love the card, its the absolute worst investment in cards if you are buying now....IMO.
this was a packed pulled one from a cardboard family member that he sent me, looks 10ish to me
I pulled a few over the years and they look like 8s and maybe 9s. I have about a case of boxes - mixed low and high. This is really tempting as the ROI can be pretty high. My price point on the boxes was about $90 each on the lo number and $75 on the high number. Even a 9 can cover costs. Same with a Johnson in a 10.
Like DPeck said, this is really good for the hobby.
John
Low number boxes have gone crazy.
I would guess if I posted 10 UD Griffey rookies - 5 10s and 5 9s without the flip that very few people would be able to tell which were which. In my opinion the card looks beautiful in either grade or in raw condition. To me the premium for 10s is much too high for the small difference from 9s on this particular card.
I pulled my little 89UD collection into one place for a pic. 11 of the high number boxes are FASC.
That's a great photo of all the boxes but me personally, I would sell those in a heartbeat with the prices people are paying right now. Even if prices go higher, you at least doubled your money on each box already. I would get one of the two:
2011 Topps Mike Trout Diamond PSA 10
or
2018 Topps Chrome Sapphire Ronald Acuna PSA10
I think long term, you'll do better with either card.
I still can't figure out how this is a 6 but whatever. Also pictured is my beautiful 10 from my childhood that was in pages for 30 years and then subbed to PSA.
@Dpeck100 that Is a nice 6. I have a run from PSA 3 to 10 and there isn’t much of a difference between them...
Nic
Guides Authored - Graded Card Scanning Guide PDF | History of the PSA Label PDF
Normally when I grade out cards I miss a soft corner and it is a 6. Kind of flattened. You can barely see it upon inspection in the slab but after lengthy examination you say I see what I missed. Absolutely no clue on this one.
Some cards I grade like an Andre you are hoping for a 6 and there are several obvious touched corners and centering issues.
No clue here but what I have learned is most of the time when they nail a card like this there is some issue with the surface and it is what it is.
I don't care either way. It is fun subbing cards yourself and if the value difference is $50 I won't bat an eye and the story is worth the difference.
this ones a lil OC, and that dang ink stain
.....hehe
Closing in on $1,500
Wow, I see that.. should have gotten in on some more when they were affordable at $1k.
Nic
Guides Authored - Graded Card Scanning Guide PDF | History of the PSA Label PDF
If I get an unexpected 6 the first thing I check for is a back wrinkle.
I have the UD Jr in a 9 and damn if I can find something wrong with it.
Lol at this being a $1500 card. This is a classic case of price manipulation. Reggie Cleveland details it pretty well on another board, but in short this card held at around 800 forever. Then all of a sudden a BIN gets hit for 1k, 25% higher then previous support. And voila, hobby boards start talking about it being a 1k card, true sales get realized and here we go. A bunch of BIN’s will get hit at increasingly higher prices, real sales will follow, and this will get manipulated to the moon. Guys holding these cards in large numbers will make out like bandits. It is too easy.
I hear ya. The Griffey 89 Donruss had a similar run not too long ago. Time will tell, I am just watching, not buying.
Nic
Guides Authored - Graded Card Scanning Guide PDF | History of the PSA Label PDF
It is pretty astonishing looking at the active listings and then doing a search through completed listings and seeing the card selling in the $700 range not too long ago.
The buyers are swarming his 89 Fleer now. When I hit mine I was excited for nostalgic purposes and it was around $40. Bids as high as $145 right now. Not sure what to make of all of this.
https://www.ebay.com/sch/i.html?_sacat=0&_udlo=&_udhi=&_ftrt=901&_ftrv=1&_sabdlo=&_sabdhi=&_samilow=&_samihi=&_sadis=15&_stpos=32806&_dmd=1&_ipg=200&_fosrp=1&LH_Auction=1&_nkw=1989+fleer+ken+griffey+jr+psa+10&_sop=16
Edit: Here is a sale at $240
https://www.ebay.com/sch/i.html?_from=R40&_nkw=1989+fleer+ken+griffey+jr+psa+10&_in_kw=1&_ex_kw=&_sacat=0&LH_Complete=1&_udlo=&_udhi=&_samilow=&_samihi=&_sadis=15&_stpos=32806&_sargn=-1&saslc=1&_salic=1&_sop=16&_dmd=1&_ipg=200&_fosrp=1
DPeck, what is your take on this? My collecting friends all feel stimulus dough and new entrants are driving. I’m thinking lack of options for discretionary spend (not taking the Disney crisis or that European vaca) is also adding fuel to the fire. Fear of jumping into the capital markets also playing a role.
Curious to get your, and others, thoughts.
John
I think it's part of the market:
1. FOMO. Like the toilet paper craze
2. 2016 had a New leg up in a bull market. We're experiencing another.
3. Stock market sux lately. Might as well enjoy your investment.
4. Mass boredom from the shutdown
I've been watching the modern market last couple days and it's getting nuts across the board.
Also was buying like crazy to try to get ahead of the curve,
AND for all the reason listed above
Good luck!
Best line in a long time: **Same with a Johnson in a 10.
I think the number one thing driving the card market is investment dollars. If you want to buy 100 shares of Apple it is $27,160. It has a market cap of 1.2 trillion so while it may go up overtime there isn't really any fast money unless you are playing options. I think the barriers to entry are so low that you can flip your way to a larger sum. There was a guy on this board years ago that was flipping his way to a 52 Mantle. In many cases this appears to be pure speculation at this point. Perhaps the fear of missing out. Just for fun I listed my 89 Fleer and I have three offers already and 71 page views in a little over an hour. I have the auto decline high and it rejected a $169 offer from a buyer with 19,557 feedback. Edit: Accepted offer at $189.
I have written time and time again I am very bullish on cards so I want to act like this is normal but it is kind of like when you are long a stock and you wake up to an upgrade and it is up 6% and you get an itchy trigger finger because you are so happy to be up but you really think it is going higher but have a hard time being patient. Some of the moves won't sustain themselves but many of them will and go even higher.
One of the things that attracted me to cards was they can't go to zero. If you want to speculate on stocks through options you can lose it all. With cards you can make some bad decisions and still be alive and own the item. I personally believe that Gary Vee has a lot to do with this in the sense that he said the sneaker heads were coming and that people were going to get back into cards and he has influenced a lot of people on social media to jump in. He was right that they would.
When I first started posting about wrestling cards just about everyone said oh this guy is in for a quick flip. Well everyone who said that was wrong. I still own the vast majority of the cards I bought. They in many cases have also kept going up in value. I think the card market continues to mature with just about every genre seeing price gains. I get it that it is counter intuitive that cards are going up in a bad economy but I really think there is a solid trend behind the market and the tangible nature and low barriers to entry coupled with the strong past performance makes it easy to attract new buyers.
One of the problems with buying a stock is that you really don't have great information. There are a lot of variables that can make it move in either direction. When you buy a card you are buying that card. Yes there is some correlation to other cards but there are a lot of examples of outliers. Mike Trout cards have just destroyed it. Tom Brady cards just kept going and going. Lebron has gone on a moonshot. Jordan recently is arguably as hot as any cards have ever been. Griffey now is popping. There just isn't enough product to handle new money coming into the market all at once. You can't short cards so there isn't any artificial supply to slow it down. In the stock market you can have a rush of buyers but if they bid a stock to levels that are extreme speculators can come in on the short side and create supply and put the fire out. You can't do that with cards and so it is a long only market so that means thin trading can drive prices significantly.
I am not the type of buyer that will purchase something after it has exploded and in many cases in life that has been to my determinant. Momentum in many cases creates more momentum. The vast majority of the cards I own are in one segment and so I have very little skin in this game where cards are doubling in days. Generally speaking that kind of activity isn't sustainable but longer term it is usually a good sign there is real interest.
When the wrestling cards broke out in 2010 and 2011 they had a huge run and then a huge correction but in my view it was a horse leaving the stable and it was going to break loose once more. These monster moves are a signal in my view that money is coming in and I don't think that is going to stop anytime soon. The FED lowered rates to zero and there is no where to make money without risk so that is going to lead to speculation in markets and cards will be one.
I have gotten used to the cards I pick going up over time and I don't think that is going to change and so this leads to confidence in buying and the more competition for the product the higher the prices.
We are almost back to 1999 levels at 2k for a PSA 10!!
Here's mine. Hopefully 3s and 2s stay at a reasonable level so I can complete my 1-10 set.
I
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I have a stack of raw ones in a box somewhere. I was buying them for $15-20 at a clip at shows in the early 90’s. At the time the ex thought I was nuts paying $20 for a BB card. She purchased a dead center one for $50 for my birthday. Funny how I lived and breathed BB cards during the boom. Dreaming of finding that forgotten attic stash someone was tossing. Good times.
"I spent 50% of my money on alcohol, women, and gambling. The other half I wasted.
Iconic card 👌🏼
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In regard to your UD Griffey. If you notice the hologram on the reverse is O/C. Compare the holo. on yours to the one on the 10 posted here. Graders do take into consideration the condition of the holo. Don't know how greatly this may have figured into your lower grade, but it probably figured in somewhere. From your photo it's difficult to see any other imperfections, if in fact they do exist. Just my opinion, right or wrong.