It's official. . .

mcastaldi · October 12, 2002 11:21PM

1975 Topps Baseball has its first $100+ PSA8 common.

Will McEnaney

Outrageous.

Mike

Kurt · October 12, 2002 11:54PM

Seriously...Amazing.

murcerfan · October 13, 2002 1:06AM

Did you see the Perez PSA 10 that went for a grand last night on e-bay.
sweet card, big price tag for a "modern" card.
Here's one that's a bit older but just as sweet.Got Smokes?

mcastaldi · October 13, 2002 1:41AM

Murcerfan> Look at the auction for the Perez PSA10 one more time. The card did NOT go for a grand - the reserve was not met. If he set the reserve that high, it tells me that he really did not want to sell.

Perez PSA10

And either way, I can't imagine that this PSA10 is $900 better than a PSA9. Plus. . .with all the 75s still out there, I have a hard time believing there won't be at least one more Perez in PSA10.

Mike

murcerfan · October 13, 2002 3:39AM

ooppps. guess i was surfing during the "rally monkey".
Still seems like a big price for exactly the reasons you mentioned.
so.....It's official, 9's and 10's from the tough 70's stuff is moving into the "investment" realm.

helionaut · October 13, 2002 3:40AM

Told ya. There are some people driving REAL hard to the hoop on this set right now. Kind of scary, but I'm sure things will come back down to Earth at some point (I hope). With over a day left, I'm wondering if another $50 or so might not be tacked on in the last few seconds.

Whoever was selling that Perez was probably feeling out the market, maybe to sell offline, but he or she could have had some confidence in it going higher. Reds have been selling well from the 75 set, such as the Gary Nolan. The PSA 10 Nolan sold for almost $350 some months ago, and Perez is a HOFer.

mcastaldi · October 13, 2002 3:59AM

Helionaut> Considering the populations, I would be much more inclinded to drop the $800 on the Nolan Ryan BVG 9 here and attempt to cross it over than I would to spend $1k on a PSA10 Perez.

Tony Perez - PSA9 - 29. . .PSA10 - 1. . .total graded - 148. . .percent in 9 NQ or 10 - 20.3%
Nolan Ryan - PSA9 - 3. . . .PSA10 - 0. . .total graded - 801. . .percent in 9 NQ or 10 - 0.3%

In my opinion, time and submissions have shown the Ryan to be a tougher card in PSA9 than the Perez is in PSA10.

Mike

helionaut · October 13, 2002 5:40AM

No argument here. On the scale of desirability of most people, I'd expect to find that a guy like Nolan Ryan is as far above Tony Perez as Perez is above Gary Nolan. So in your example it's no contest to most people what would be preferable, even if the grades and scarcity aren't directly equable. I'm just speculating on motivations of buyers and sellers. But in terms of PSA cards, given the trends I see, and with conditions being equal (10) and scarcity being equal (POP 1), I'd expect that a player like Tony Perez would and probably should go for at least 3x a player like Gary Nolan, though there is some sort of reality boundary there. Even the biggest Big Red Machine fan may say,"Hold up wait a minute" at spending that much on Tony Perez.

Either way, because my money is limited, I won't be contributing to the $100 common phenomenon even if it means my set stalls if populations remain low on some cards. Kind of like the Houston Texans, they are fun to watch, but I don't want to become too invested in them.

TheCARDKid · October 13, 2002 6:03AM

I wish I could sell that Will McEnaney card short or buy some put options on it. I'd cover it in about 6 months at $10-20.

Any guesses as to what the population would be on the card by then?

mcastaldi · October 13, 2002 6:10AM

CardKid> The McEnaney is nearly always centered L/R at somewhere around 90/10.

FWIW, I own the other PSA8 McEnaney.

Mike

Late1970sTopps · October 13, 2002 7:52AM

...up to $150 and counting...

I do have a question though. If Mike ownes one, Steve owns one, and there is one on eBay, doesn't that make three? The population report and the auction say that the card is a 1/2. Interesting. How many more are really out there?

uniship · October 13, 2002 8:20AM

Is it just the scan or does that Perez PSA 10 look to be out of focus?

helionaut · October 13, 2002 9:40AM

$202 and counting...

jackstraw · October 13, 2002 10:02AM

202 and counting! i have to say that jo joy,who i think is the old lafayette,who was booted off ebay, has been bidding high prices on 75 and 76's i have been following him and he seems to be on the computer 24/7. not a 76 goes buy without him bidding and no matter how high i bid he always is higher.

.

mcastaldi · October 13, 2002 10:55AM

straw> I'm pretty sure you're correct. He's also building a very nice 57T set.

Mike

Wayne8348 · October 13, 2002 12:11PM

Jackstraw,

Who was lafayette booted off ebay? One of the reasons I gave up the 75 set was his bidding was so outrageous it was impossible to buy cards without overpaying in a huge way.

wayne

mcastaldi · October 13, 2002 12:20PM

Wayne> the actual eBay ID was "lafayette43". I don't think he'll have the best 75T set, just the most expensive.

And to tell you the truth, now is a decent time to get back into the 75s. Unless it's a low-pop card, the prices are WAY down. I've been lucky to get $7 each for mid-to-high pop PSA8s.

You can get by pretty darned cheap if you're patient enough.

Mike

jackstraw · October 13, 2002 12:46PM

wayne,
i am not sure why he was booted off ebay. i am just assuming that it's him.the day i realized layfayette was booted jo joy shows up and starts hitting 76's, i don't mind competition but i am not going to get in a bidding war with a guy who has very deep pockets. i have seen him pay upwards of a 100 for 75 psa 9 commons he's on a mission and i ain't stepping in his way but i am going to hit um a few times(it may not be ethical but i'm not going to let him get off cheap).

john

mcastaldi · October 13, 2002 12:49PM

Straw> You should e-mail me for some outside discussion on this.

Mike

TheCARDKid · October 13, 2002 6:21PM

I'm not a '75 expert, but $200 for a common? The '69 guys have some tough cards, like the infamous #110 Shannon, yet there are alot more raw NM-Mt '75 Topps cards out there than '69's. It seems like the price has no where to go but down.

BTW, our buddies, Dave and Adams Card World, have an unopened '75 Topps box for 3 grand. Hmmmmm.

gemint · October 14, 2002 6:57AM

Final hammer price is $250. Wow! That's making that '69 Raditz 8 at $199 look like a steal. Watch the pops on this card now as everyone (including dealers) scours their inventory for this card.

What box would go for $3 grand? Is it a rack box? Wax usually goes for $1800-$2000 and cellos would probably go for $2500 or less.

mcastaldi · October 14, 2002 7:10AM

gemint> Given the market and the relative scarcity of unopened regular-issue 75, it wouldn't surprise me if $3k was for a wax box. Not that I'd pay anywhere near that for one, but that price wouldn't surprise me.

The thing was, earlier this summer 75T PSA8 commons were going in the $10-$20 range. That is until some of the mega-submitters started submitting large quantities of 75s. In flooding the market, they proceeded to completely kill the prices for most PSA8s. There are even a lot of PSA9s that won't bring more than $15 or so.

At some point, the mega-submitters have to learn how to balance and control their submissions so they don't flood the market. They have to do a better job balancing their raw inventory against population. I don't know if some of them figured they could submit large quantities of a given year and expect prices to remain high. The newer the issue, the more these things matter.

Mike

gemint · October 14, 2002 7:54AM

$3k still seems high. I paid about $1500 for a '75 regular wax box a few years back. Granted the market has changed, but you can still pick up nice single packs all day long at $50. Their price works out to >$80 per pack.

mikeschmidt · October 14, 2002 11:27AM

<<At some point, the mega-submitters have to learn how to balance and control their submissions so they don't flood the market. They have to do a better job balancing their raw inventory against population. I don't know if some of them figured they could submit large quantities of a given year and expect prices to remain high. The newer the issue, the more these things matter.

Mike>>

Mike -- do you really think any of the mega-submitters care? They basically look through a ton of their cards -- submit only the strong 8's -- and if they submit during a grading special, they can basically assure themselves of a) a small profit on the PSA 8's, b) a bigger profit on the PSA 9's and c) huge profits on the PSA 10's. Basically as long as the equation works for them, I don't think they care if they only break even on a few of the PSA 8's. That's why they are dealers -- by not staying in the market and just playing the percentages, they will usually come out ahead.

gemint · October 14, 2002 12:00PM

Well, I dug my '75 McEnaney out and see why I had it pegged for upgrading...

1975 McEnaney

It has some green spots on the right border. Is this a common problem? I doubt it will '8' but I'll give it a shot.

gemint · October 14, 2002 12:02PM

Link doesn't work. Let me try this...

mcastaldi · October 14, 2002 1:06PM

Without holding the card in my hand, I'd say it's sort of borderline due to the print problems you mentioned. The types of smudges common to some 75s don't show up well on scans. They could be better or worse, it's hard to tell sometimes.
Many of the cards with yellow sections are prone to roller marks and other print problems, making them some of the tougher cards. Many Angels, Red Sox, and Reds fall into this category.

I'd say it may be worth throwing in on your next submission. Even with the print issues, I have a hard time seeing it pulling less than a 7 (barring any surface wrinkles).

Mike

Nuyauwka · October 14, 2002 1:09PM

I fished mine out and it's a solid 8. I would think by the time one would get it sent in and graded there will 5-6 more of these atleast and it will be a $15.00 card at best. If I only knew then what I know now.....

gemint · October 14, 2002 3:07PM

Nuyauka - You always have to be looking for the next $200 card. If you have a PSA 8 1969 Shannon or 1971 Schellenback 8, you'll have the lotto winner. The "jackpot" cards are getting fewer and fewer, but there are still some whales to be had.

gemint · October 14, 2002 3:08PM

Mike - The scan is pretty accurate. I'm certain it will at least bring a 7. Aside from the green print spots, it's a borderline mint card.

TheCARDKid · October 14, 2002 4:07PM

$3k is for a wax box, it's still on their website. I have to say, they are quite aggressive in their pricing. $1,600 will get you a '76 Topps box (I remember when it use to be $1,000 not that long ago).

If you think that is bad, try $4,500 for a '73/74 Topps basketball box. That blew me away. Granted, it's the second toughest year of the '70's (after, '71/72), but still, that was a $1,500 box not that long ago. That makes the $3k for the '75 Topps baseball box seem like a bargain.

seinbigd · October 17, 2002 7:52AM

Paying top dollar for raw 1975 Topps #481 Will McEnaneys in NrMt-Mt condition...

gemint · October 17, 2002 11:04AM

I'll sell you mine for $250.

mcastaldi · October 23, 2002 10:14PM

You knew it wouldn't take long. . .the pop on the 75T McEnaney is now 3 in PSA8.

As it stands right now, there are at least three PSA8s of every card in the 75 set.
And. . .there are only six cards with pops of three in PSA8 -
417 - Lockwood
481 - McEnaney
536 - Moose
551 - Christensen
612 - Hughes
649 - Heidemann
(only the Hughes has a PSA9 example)

Mike

It's official. . .

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