All the podcaster pundits and life coaches on youtube are scared that modern cards are losing value.
ScoobyDoo2
Posts: 839 ✭✭✭✭✭
So I have been viewing youtube the last 6 months like many of us have and I keep hearing the panicked, newer collectors who specialize in flipping cry for mercy as their 40k Lebron James Topps Chrome RC PSA 10 is now worth much less than half that....... From my viewpoint Vintage is doing the exact opposite~making new highs weekly.... & making up for lost time... .....what say you??
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I do not agree regarding vintage on the whole but yeah high pop modern will continue to take a beating. Outliers aside, fuel is no longer being added to the fire and the flame will continue to dwindle.
I've personally no issues with a massive correction as when just the possible of mentioning we were in a bubble caused flippers and many folks here to spit venom. I for one like saying I told you so
How many are glad they spent $600 on 1990 Leaf Frank Thomas or $700 on a 1990 Fleer Jordan? Or $1.5K on a 1989 Barry Sanders or Troy Aikman? Or even 2K on 1992 Bowman Rivera? Or $650 on 1986 Donruss Canseco ? After the smoke clears Junk Wax will always make for Junk Slabs!
Conversely I regret not selling my 1993 PSA 9 SP Jeter when it was $24k, I could buy 3 of them for that money today. The card went full circle in 1 year. from 7-8K to 24K now back to 7-8k.
It's the singer not the song - Peter Townshend (1972)
@82FootballWaxMemorys ~I was referring particularly to high grade vintage baseball...pre-1980....... its all up and to the right.. psa 9's and 10's...... its pretty comprehensive. I think there was a ton of market manipulation that went unchecked and created a wave of frenzied buying in the perfect captive Covid storm.... all the junk wax for sure... I recall a Michael Jordan Upper Deck baseball BGS 10 selling for close to 40k ...lol.. that was my "out loud" moment. And you can throw in all those Nike Air post card rookies of his which had their volcanic eruption as well.
I never buy graded cards, but I do spend a lot of time checking out 1969 Topps baseball cards on eBay. I'm shocked to see how worthless many of the graded cards are right now. Commons in PSA 8 that can't get an opening bid of eight bucks? Someone's taking a beating on these cards, since they spent ten bucks or more to get them graded. Ouch!