Recession? Check out this 1967 Set

gemint

1967 Complete Set eBay Auction

I think that's a bit much for a partially graded set. I haven't been actively working on the '67 set but couldn't one build a complete PSA 8 graded set for around $20k? Sure there was a PSA 9 Aaron but that won't cover the $2k+ in grading fees required to grade out the rest of the set. And that's assuming you get 8's on all the raw cards. I'm not knocking the buyer as it is a top notch set. But what do you think about the final bid vs building card by card in already graded form?

dude

Gemint,

That is a strong price for that set. The good news is that a dealer bought that who sets up at the National. Hopefully he'll break it up and I'll get a chance to upgrade a few cards for my set.

Dan

Basilone

Looks like the seller did his job in "hyping" the cards....the way I look at it...a card is in a PSA 8 holder for a reason...

I like the line....

<< <i>Many are 9s on resubmission, and there some TOUGH HI #s in this collection. >>



How does he know?

John

Basilone

Then again...the seller offers a 7-day return policy...so maybe the buyer will see if he can make any money off the ungraded stuff...if not..then he will just return it.

John

acowa

With only 100 graded cards, the buyer is taking a pretty big risk. A set with 273 graded cards and a Seaver 9 versus Aaron 9 sold for $10,200 not too long ago. It's amazing the difference a few months makes. Where were these bidders then?

BTW - I emailed the high bidders and told them that they need to be making some offers on my set...100%graded...no suprises!

Regards,


Alan

ejguru

Alan: This does prove our belief--that the earlier lot was underbid by quite a bit. As you mentioned to me, when a seller fails to provide scans, that';s not a good sign. Even though we all know and like Pete, it'll be hard for him to get MINT prices if the cards are NM-MT at best (NM at worst) from me. I'm just as happy buying the last few already graded.

E

Wabittwax

If the rest of that set is as nice as the seller hypes them to be, then he should have spent a few extra dollars and graded the rest of the set. Then again, with the price realized, maybe hyping them rather than grading them was the best move.

acowa

Isn't SMR on a fully graded PSA 8 set around $16,500? This sale could throw off all of the price model formulas that have made their boards over the last 12 months. The graded cards in the set that went up a few months ago went for 83% of book (after we sold off the commons)...and that was AFTER they were repurchased from the guy who won the set on EBAY for $1,000 more than he paid.

This begs the question...from a financial sense does it make more sense to slave away trying to find the Hamilton, Sims, Romano, Demeter in PSA 8 or just break out all your 7's & 8 w/ qualifiers that look like 8's...package them with your superstar 8's that you paid 85-90% of SMR and then hype the living **** out of the description? Since I decided to take the painful route it makes me wonder?

Either way, I hope this brings a revival in the bidding wars for 1967's. If anyone needs any nice 1967's at a rate that could get them to a complete graded set at ever so slightly less that $19,600...you can check out the ones I have for sale at:



1967 Topps PSA 8's


Regards,



Alan

dude

The intriguing thing about this auction is that 4 different parties placed bids over $16,000. That's a very healthy sign for the owners of these sets.

ejguru

WHOO HOO!!

toppsgun

I wonder if skylaneflyer is kicking himself for selling his set

(a) when he did (six months too early????)
(b) how he did (auction house vs. the ebay way????)

If a partially graded no-better-than-8-by-all-expectations set can bring 120% of SMR, what could a 8.6 set bring?

$80k?
$100k?

What'd he get, something like $52k before the commish?

JH

I am truly shocked by the ending price on this auction. I would not expected anywhere near this. I wonder if it got the benefit of several dealers trying to stock-up before the National. I look forward to watching the next few comparable auctions to see if this trend can continue. As upgrades have been hard to locate the last few months, and prices have been double and triple what they were, I have been strongly considering selling off my current set and switching to something new. I had assumed that I would need to slowly break it up a little bit at a time, in order to allow the market time to assilimate it. But maybe that it no longer true.

Basilone

Im not sure why everyone is shocked...the winning bidder has 7 days to review the cards and return them if he doesnt feel they will grade out as 9's. The bidder would probably be out his S/H fees after all is said and done.

John

acowa

He probably wasn't kicking himself when he watched the set with 273 PSA 8 cards and a PSA 9 Seaver go for $10,200.

The 1967's are still flowing on EBAY for far less than what he paid (for the most part) He could jump in and rebuild at any time.

IMHO - Peter's betting the farm on the ungraded stuff...the graded cards in that lot are probably worth $10,000 and thats being liberal. Are the rest of the ungraded commons REALLY worth $9,000??? That's about $19.00/ungraded common! And you would still have to pay the grading fee! Now, check out EBAY concluded auctions for PSA 8's and see the over under on the average PSA 8 card.


Regards,


Alan

gemint

What does a 1967 Aaron PSA 9 go for these days? There are 22 9s, so it's not scarce as far as vintage 9s go.

dude

Im not sure why everyone is shocked...the winning bidder has 7 days to review the cards and return them if he doesnt feel they will grade out as 9's. The bidder would probably be out his S/H fees after all is said and done.

John, I didn't catch that detail. You're right. It may turn out to be a non-sale afterall.