What if ....

1420sports

What if one day, while taking a break from the forum, you decide to clean your attic. You stumble across a box full of cards, and low and behiold - a T206 Wagner!!

It gets graded a PSA 6.

What do you do?

Keep it? Sell it? If selling you have to buy at least 10 or so cards. I know this is the card of the hobby, but I would sell it. One of my cards would be a 52 Topps Mantle PSA.

Just a thought ......

z2345

Keep it. I believe the hypothetical PSA 6 Wagner would be the number two card in the hobby. I can't think of a combination of ten cards that would add up to such a card.

RedHeart54

I'd want to hold on to it for a while assuming the IRS doesn't come knocking at my door one day trick or treating for luxury tax because I own an old, expensive baseball card.

SUPERPUNK813

i would sell the wagner and buy the lexus is300 that i look at every day at lunch but havent let my self buy yet. also id finnish my 1964 topps hockey set and my 1958 parkhurst set in psa 8 or higher and stash the rest in the bank.

zardoz51

Sorry guys

If I found a Wagner, that sucker would be on the auction lock faster than speeding bullet, after being appropriately encapsulated by PSA of course!

That's the mortgage and all debts whisked away. Daughter's law school too!

The rest of the money I would invest in wine, women, and song...as well as a couple of fast cars. To make the bucks last a little longer, I would be willing to skip the song part.

BigKidAtHeart

<< <i>I'd want to hold on to it for a while assuming the IRS doesn't come knocking at my door one day trick or treating for luxury tax because I own an old, expensive baseball card. >>



The IRS cannot tax you on the "potential value"
of something you already own.
They have to wait until you sell it.

I think the card is only "worth" what you paid for it,
until you sell it for MORE than you paid for it
(or use it as collateral on a major loan or something!)

(unless you received the card as income somehow?!)

pinhigh

Unlike many of the others on the board, I think I would have to keep the Wagner card, especially in PSA 6 condition. While I can definitely understand why many would sell, I'm not sure I could give up having that card in any condition and I would love to have it for something that I am working on. I believe the return you would receive from selling the card would be there forever but very few of us get to have that card in our collection.

Fabfrank

I would sell. To me collecting cards is about collecting memories. Since the Wagner card holds no emotion for me, it would be gone to the highest bidder.

FB

Actually...

I might broker a trade with one of the heavy hitters of the collecting world. Although the Wagner would not hold any emotional allure - a bunch of nice sets from the 50's and 60's would!

Plus - that way I wouldn't have to pay taxes on the sale (yet...)

1420sports

FB - I like the idea ....

Although it would be nice to have, I would always be thinking on how many other cards I could own. Especially a high end 1952 Topps Mantle - my ultimate chase. I have about 20% saved right now.

If only my scenario held true.