someone paid GMC $505 for a raw 1971 Topps
olb31
Posts: 3,404 ✭✭✭✭✭
Ted Simmons, that's crazy.
Work hard and you will succeed!!
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olb31
Posts: 3,404 ✭✭✭✭✭
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I just purchased a raw card from GMC. Paid a good price. Happy to receive a good card. That's the purpose of an auction. The highest bidder wins and then they get the card.
Enjoy the go.
Simmons has been a real sleeper card for quite some time. That is a VERY strong price for a raw version though. If I were the buyer, I would make sure I had a good ruler and make sure that card measures up the moment I received it!!
George Brett, Roger Clemens and Tommy Brady.
There is nothing wrong with the card. If it graded well, good for the buyer. GM gets great prices for the raw cards. I just sent them another 2000 cards last week. The Simmons wasn’t mine but I’m not surprised plus if the buyer doesn’t like it they can return it with a full refund and GM doesn’t block people for returns
That’s why you send cards to GMC!
HOF SIGNED FOOTBALL RCS
psa 7's go for about $150. It's hard to imagine getting psa 8's on 1971 cards at this point. Very tough to do. The odds of this working out for the buyer seem slim. and if it's a raw set, i think its really tough.
The price just blew my mind.
Correct its crazy unless the buyer can receive a PSA 8. Can you provide a photo of the card. I can't locate the card on EBAY.
Why would this not work out for the buyer? You seem to put every perspective into the shape of graded value. Some people enjoy collecting cards, paying the price and moving on. Why is this difficult to understand? There are raw collectors in this world who don't care to own hoards of graded slabs or their assigned values. They are perfectly content with nice raw cards. I happen to be one of them.
Enjoy the go.
Your comments are spot on. Some of the comments have nothing to do with your main point.
This is how. The buyer could purchase a nice PSA 7 and crack it out and have a better card for a lot less money. Plus there would be no worries about the card being trimmed or doctored. Paying hundreds of dollars more for a card that might be trimmed or played with and being in less condition is not a good buy. If the buyer would rather pay more money for a card in worse condition he has that right and good for him. There's nothing wrong with pointing this out.
The card in question was sold by a reputable dealer. The people who bid on it obviously weren't fearful of your scenario nor do they care to buy a lesser grade card when they could obtain the better example. As has already been mentioned, GMC accepts returns. Their reputation outpaces anyone else who deals on eBay. The buyer is protected. There's nothing wrong with pointing this out.
Enjoy the go.
I understand olb31's original point as well as everyone else's. It really does blow my mind that people will pay more for a card in its raw state than what it is valued at in the best case scenario for the graded card. That card looks like on a good day it could be NM-MT. If you pay $20 to get it graded you just may have a $200 card. I'll pay 250. I'll raise you to 260. 279 and that is my final offer. Sold.
I played that game for a while trying to grade what looked like really incredible cards by winning GMC bids, submitting what I won and having something worth 30% of what I paid. I had to stop doing that. It wasnt that hard.
I also understand everybody is allowed to like what they want to like. It may be hard for me to comprehend. But I got over not understanding what some people seem to like soon after the internet came about. Everyone is different. I would just think if you love raw cards not graded, instead of paying the obscene GMC raw price, find a nice looking cheaper graded card and get out the screwdriver and make it raw.
Now, this is sensible. In defense of all who collect, yes we are quite different. As for making alternate acquisitions to the obscene pricing of GMC cards, sometimes it's not that easy. The availability of quality cards has diminished big time. Most of what's good rests in the hands of those who got 'em long ago. The leftovers on the dinner table are sparse. So surfing eBay for the really "good stuff" has become a challenge. Good luck to all.
Enjoy the go.
I'm a big Simmons fan and have several of his 71s. Love that card.
Some folks collect raw and don't mind paying the extra to get a clean card from a reputable place. Good for them. I know I've overpaid in the past for things I needed/wanted...
I have purchased between 50-60 cards from GM. All from 75-79. Three of the cards came back trimmed from PSA. Most of the cards I purchased from GM that were advertised as NM-MT + or better came back with a 8 grade from PSA. Not one came back a nine. Overall I'm very happy with most of the cards I purchased from GM but three came back trimmed and 15% came back graded lower than NM-MT or better. GM did give me a refund on the three trimmed cards but I'm still out the grading fees for all three cards.
It should be noted that I made these purchases from GM over a year ago before the prices of his cards became insane. By insane I mean paying $200 for a raw card that at best will get a PSA 8 when you can buy a PSA 8 for $100. Most of the cards I'm looking for are going for insane prices for GM. He's definitely a great person to contact if you want to sell your raw vintage cards.
SPOT ON.
I personally know 6 collectors who purchased ample raw 71's and everyone got burned when submitting the cards to PSA. Buying raw 71's on EBAY is risky business. If your a raw guy the better approach is buying a graded card and taking it out of the slab. You will save money, get a better card, and not have to worry about the card being altered.
He's definitely a great person to contact if you want to sell your raw vintage cards.
I did. Like many others, I could claim to have succeeded by moving a lot of cards. Some did sell for prices which came as pleasant surprises. Others did the average, and some even fell a bit short of expectations. Not every card goes for bank. Quite a lot of them go for opening bid or not much more. The big hits make a volume transaction look way better, but predicting them ain't so easy.
Enjoy the go.
Some of you folks are too caught up in grades. Who cares if it would only grade this or that if it would look perfect in your raw set. Or if you wanted to roll the dice on a grade. Or, make some improvements and then send it in - don’t sleep on how many raw cards get worked.
At the end of the day I can point out hundreds of collecting scenarios that don’t appeal to me, but then I realize this whole hobby is a bit ridiculous, and the longer I’m in it, the more I appreciate the quirkiness of how others collect.
Regarding this card, can somebody post the sold card and then a 150 dollar psa 7 that tromps it? That’s the premise of the thread, that you can get a card as nice for 150. I’m interested in seeing if thats the case.
Zorbaca is proving similar, but not as extreme. They have some absurdities at the top end, but many go for reasonable. With their batch of 76T that just finished, I picked up 34 cards for about $2.25 per. To be fair, I sniped many of them but don’t think I set a max bid over $3 for anything (knowing I’d miss out on more than I won). I’ve been pretty pleased with all I’ve picked up from him (and GM) to date.
Buy a card you’ll be happy with for a price you’re willing to pay and let the rest go.
To me the assumption that the PSA 7 is a better card is often flawed. If someone wants to put it In their set binder and would crack out anyway - then what are the odds if they sent that same ‘71 to PSA after crack-out it wouldn’t grade a full grade lower. PSA has gotten insane on 71s. Just because the Morris card may grade a 6 doesn’t mean it is not a better card than a PSA 7. If buying to crack out all you have is a raw card especially in ‘’62, 71 and ‘75 where PSA has gotten really strict.
No way my Simmons grades a 7 today. No link to the Morris card but betting it is better than mine.
the ted simmons no longer shows up on ebay sold items. that sounds a little weird.
It'll probably show up tomorrow. eBay completed auctions don't always pop up the next day. I bid on a card last week, got outbid, then noticed it wasn't in my Bids/Offers list the next day, but the day after that it did show up.
Enjoy the go.
@brad31 that OPC Simmons is a blazer! It looks like a 10 all day.
buying O-Pee-Chee (OPC) baseball
I don’t know if this is the exact card and the black background makes it difficult to see but GM’s Instagram account posted this a pic a day ago.
Click here for a better view.
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
That’s the one Erik
Pointing out that a dude paid $500 for a raw card that would be lucky to receive a 8 if submitted to PSA, when he could have purchased the same card in a PSA 8 holder for $250 is not being caught up with anything. Its merely asking the obvious question: Why are ample collectors doing this? I see it happen many times a night with GM raw cards and another seller that sells raw cards. Why overpay and sometimes pay 2-4 x current market value for a raw card that's not rare?
I would be happy to crack out some of my vintage PSA 8's and then sell them for twice the amount since they are now raw.
Point me at the 71 Simmons PSA 8s you find for sale near $250. Please.
The card in an 8 holder is about $650 a 7 is about $150. I think this card is nicer than most 7s.
Seems a bit high for what will likely grade out at a 7 or 7.5.
The GMC version has the "pink dot" and is either slightly out of registration or is heavy on the black ink. From what I've seen over the years the "pink dot" this is the most common of the Simmons rookie.
For those that don't follow this card, here are some of the printing variations.
CDsNuts, 1/9/15
Some folks are pennywise. Some folks are penny foolish. And some folks are pennies from Heaven.
The logical narrative here is that the winning bidder should expect to see the Simmons RC emerge in a PSA 8 holder, IF they choose to get it graded, which would theoretically net a small profit were it to be sold at auction. Nothing wrong with drunk bidding over a great looking card. I've done it hundreds of times over. Quite often it's worked out well, and a few times not so well.
If you can't see past the insistence that people are paying "crazy" money for cards, you might be cornering yourself into only honoring or buying the safe bet. So be it. Again, we all have our methods. Some do it different. Good for them.
Enjoy the go.
👍
ElMago - or there are other things at play besides a fool and his money? Possibly, maybe?
Had I seen that card I would have bid $375 and just let the chips fall. I've been working on getting a 71 Simmons 8/10 (same with Blyleven) as I have 7/10s today and finding an 8 in a slab which I am confident will re-grade an 8 is not an easy task. The few that have passed my review have all come back 6s or 7s. As these guys get older and autograph'd cards continues to grow as a market I see these hard-to-find examples becoming increasingly more valuable. I think I'll have to reconsider what I would set my max bid to going forward.
I do agree that there are lots of examples of things selling way over what they should on GM - this happens everywhere, but perhaps not as prominently. I don't think this is an example of that. That Simmons looks like it's got a shot.
Be specific.
Enjoy the go.
Who said that? The point is buyers are paying $400 or $500 for a raw vintage card that IF SUBMITTED to PSA would be lucky to receive a 7. That same buyer can purchase a PSA 7 of that same card for half the price. This is not about just the Simmons. Its about ample cards every week. If you want I can send you examples.
For this particular card your comments make sense. This particular Simmons will most likely not get a 8 and the buyer will lose double what he paid. Hopefully he keeps it raw.
All I am saying is that I want the good leads --- the Glengarry leads. I hear what you're saying, and I agree in there being lots of examples of seemingly foolish overbidding.
Card vs. card regardless of the number on the slab this particular GM card is top tier and I can see why the price was strong. It could come back recolored or trimmed, but you're not immune from that risk when you buy a slabbed card and crack it either. I could see this one grading an 8 so I would be willing to pay for that potential. I'm not promoting this as a business strategy obviously. As a collector though I agree with brad's perspective here. It's a really nice card and better than most slabbed 7s and 8s in my opinion.
LOL. "The buyer will lose double what he paid". Makes no sense. He's gonna lose a cool 1000 bucks plus? Try again.
Time to rename this place PSA Argument Grading Raw Psycho Prices Math Skills Gone Bad Forum.
Enjoy the go.
PAGRPPMSGBF
Sounds like someone's been to Taco Bell recently
Question to see what you guys think. Do you think there are a decent amount of collectors who consign their raw cards to GM who have cracked out there recent 5's and 6's that look like 8/9's?
I'm asking because I heard some collectors at a local card shop saying they do this. They were discussing how PSA is currently tough on vintage and they are receiving many 5's and 6's because of microscopic surface issues. On cards like this they claim they are cracking them out of the holders and consigning the raw cards to GM. In turn they will most likely receive a NM-MT + or better grade and then have a collector pay double or triple what the card would be worth in a PSA 8 holder.
Do you think this is an anomaly?
Yes - i think people spend their time > @waxman2745 said:
Thanks for the compliment. It has a line of splotchy excess black ink that you can see best on his arm - think it is accurate as an 8. It could get a PD from some graders. I love the card and am completely happy with it but it does not deserve a higher grade.
Makes no sense? The buyer paid $505 plus postage. If he submits the card to PSA and receives a 7 or lower he lost much more than 50% of what he paid. I just checked EBAY and the last five sales for a PSA 7 are all under $200. Hopefully the buyer will keep the card raw otherwise he's going to lose at least 50% of what he paid.
Ok, well right or wrong, you've got all the answers. The crackout and send to GMC scenario is the dirty little secret. You just uncovered it.
Enjoy the go.
Ooo, that might send me to the ER. I'll have the dinner salad with a vinaigrette, thanks.
Enjoy the go.
Can someone explain this sale:
Card sold for $1775. PSA 9's usually sell for under $200. Does anyone think this has a realistic chance of getting a PSA 10? I know people who recently submitted over a hundred 1975 Topps Baseball cards straight from vending and did not receive one 10.
Enjoy the go.
In this day and age I don't think ANY vintage card has a realistic chance of a 10. If a vintage card gets a 10 then it's a small miracle.