The Largest Drop in Price?
frankhardy
Posts: 8,132 ✭✭✭✭✭
What are some cards that have experienced some of the largest drop in price in the card hobby? Would the 1985 Topps McGwire be one of them? I talked to a guy the other day that sold 5 raw ones for $400 a piece in 1998. Now, they can be had for $20.
I also remember the 1986 Donruss Canseco booking for $100. Now, it books for $5, I think.
What are some more major drops in price?
I also remember the 1986 Donruss Canseco booking for $100. Now, it books for $5, I think.
What are some more major drops in price?
Shane
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I knew a guy that had a video store but also sold basically anything else he could on consignment through his store, and back when the record fell he sold a raw McGwire for $1200. I almost feel bad for whoever wasted their money on that...ALMOST.
-- Yogi Berra
I remember the 1989 Upper Deck Jerome Walton card skyrocketed to around $45 when he won the Rookie of the Year back in 1989. It's a junk common now in an overproduced set.
Hmm. I wasn't collecting at the time, but weren't Ben Grieve's cards pretty hot back in the mid to late 90s? What are they worth now?
When grading first became popular, I remember a major run on 1989 Score Ken Griffey Jr's, with PSA 10s going for hundreds. You can get one on Ebay for $20 now.
Did the McGwire prices actually go up to thousands and stick there for a while, or are these the impulse buys that immediatly followed his milestones?
WTB: 2001 Leaf Rookies & Stars Longevity: Ryan Jensen #/25
I didn't realize that about the Walton. I remember him winning ROY, but I didn't know his UD went that high.
How high did some of those others go?
Shane
Tiger Woods Sports Illustrated PSA 10 GEM MINT. Sold for $125,000. Has declined by more than 90%.
T-206 Doyle NY Nat'l 8/03 PSA 3 sells for $64,100
In August 2000, a PSA 2 of Doyle NY Nat'l sold for $178,600.
That is a drop of $115,000 - not to mention the '03 sale was for a higher-graded specimen!
<< <i>Not even close:
Tiger Woods Sports Illustrated PSA 10 GEM MINT. Sold for $125,000. Has declined by more than 90%.
T-206 Doyle NY Nat'l 8/03 PSA 3 sells for $64,100
In August 2000, a PSA 2 of Doyle NY Nat'l sold for $178,600.
That is a drop of $115,000 - not to mention the '03 sale was for a higher-graded specimen! >>
What nutbag would pay that kind of dough for that Tiger Woods card.
<< <i>I didn't realize that about the Walton. I remember him winning ROY, but I didn't know his UD went that high. >>
Yup. When UD High numbers first came out, for some reason, folks thought they were going to be limited or short printed. That mixed with the fact that a selection of major prospects filled the set made this a really hot release.
Jerome Walton (NL ROY)
Dwight Smith
Gregg Olson (AL ROY)
Jim Abbott
Todd Zele
Ozzie Canseco
Junior Felix
Tom Gordon
Steve Finley
Hensley Mulens
Omar Vizquel has his rookie card in this set, but he wasn't necessarly a "prospect."
WTB: 2001 Leaf Rookies & Stars Longevity: Ryan Jensen #/25
<< <i>I would say an upcoming one will be the Alex Gordon Topps Mistakes cards in the future. My favorite was a signed card that came in the 1992 topps gold factory set (forgot his name) Was going for 200.00 and up and now maybe a dollar. >>
Brien Taylor!
I reduced the price to $10 within a week & sales were soft at 90% lower price & I don't the card has ever recovered
<< <i>
<< I would say an upcoming one will be the Alex Gordon Topps Mistakes cards in the future. My favorite was a signed card that came in the 1992 topps gold factory set (forgot his name) Was going for 200.00 and up and now maybe a dollar. >>
Brien Taylor! >>
Heh. Last year, just for the heck of it, I picked up Brien Taylor's goold rookie AND his gold auto for $4 delivered.
WTB: 2001 Leaf Rookies & Stars Longevity: Ryan Jensen #/25
<< <i>The '89D Griffey in PSA 10 was, I think, up around $2000 six years ago, and now you can pick them up for $40. >>
Can you really get a PSA 10 for $40 ?
-- Yogi Berra
<< <i>The '89D Griffey in PSA 10 was, I think, up around $2000 six years ago, and now you can pick them up for $40. >>
actually....just did a search.....someone should tell these bidder where they can get one for that price !
PSA 10
Another
-- Yogi Berra
Collecting:
Brett Favre Master Set
Favre Ticket Stubs
Favre TD Reciever Autos
Football HOF Player/etc. Auto Set
Football HOF Rc's
Wonder how that buyer feels today?
<< <i>I recall in the mid 1980's i was selling 1983 Starwberry rookies for $100, then he was arrested,
I reduced the price to $10 within a week & sales were soft at 90% lower price & I don't the card has ever recovered >>
I call BS.
GO MARLINS! Home of the best fans in baseball!!
In basketball it has to be Vince Carter SP Authentic that was once $1200+ raw and now is $100. Football is Terrell Davis Select Certified- $135 raw so you better grab it before it is $500, the Mirror Gold was like $1200+ and now maybe $.99 for reg. and $5 for mirror gold.
They will really need some sustained high level of play to keep their value. It is such a crap shoot with current players.
Was justice ever worth more than a buck
<< <i>Who in the future will have the largest drop in price? I'd say Pujols is the biggest candidate, followed by A-rod, just because they are so high right now.
They will really need some sustained high level of play to keep their value. It is such a crap shoot with current players. >>
At least A-Rod and Jeter have bonafide HOF credentials and have been playing for 10+ years each. Perhaps the better question is this: Just how much will Pujols have to produce to make his rookie card a $10,000 card five years from now? It would be hard to believe anything could make that happen...even a Triple Crown
<< <i><<Dave Justice
Was justice ever worth more than a buck
Sure, late 1993. He hit 40 homers and 120 RBIs that year. He was 27 years old at the time, and Atlanta was at the beginning of their decade of dominence [e.g. getting to the postseason - but not necessarily doing much when they got there]
~ms
Don't waste your time and fees listing on ebay before getting in touch me by PM or at gregmo32@aol.com !
What could happen to the price, ...if a bunch of 1979 OPC Gretsky rookie cards in gem mint begin to surface, and become PSA 10s?
I wonder what would happen to that recent $ 80,000 PSA 10 pricetag?
More of these 1979 OPC gems will show up someday, u think?
rd
Quicksilver Messenger Service - Smokestack Lightning (Live) 1968
Quicksilver Messenger Service - The Hat (Live) 1971
Anyone else remember 1991 O-Pee-Chee Premier? If I remember right, that stuff was on FIRE when it first came out! If I'm right, the Frank Thomas (really hot at that time) was the big pull. Nowadays... what, I think you can get a case of unopened '91 OPC Premier for around $30-50??? ... and I don't think a card in that whole set books for more than $1 or so.
ALWAYS Looking for Chris Sabo cards!
James
85 Eric Davis, Dwight Gooden, Brett Saberhagen
86 Jose Canseco, Cecil Fielder
87 Fleer Kevin Seitzer
87 Ruben Seirra, Kevin Mitchell, Barry Larkin, Bobby Bonilla
88 Greg Jefferies, Mark Grace, Walt Weiss
<< <i>Anyone else remember 1991 O-Pee-Chee Premier? If I remember right, that stuff was on FIRE when it first came out! If I'm right, the Frank Thomas (really hot at that time) was the big pull. Nowadays... what, I think you can get a case of unopened '91 OPC Premier for around $30-50??? ... and I don't think a card in that whole set books for more than $1 or so. >>
Yeah, I remember that trash! OPC Premier Hockey was scortching hot, so the baesball issue naturally caught fire as well. I probably spent about a month's worth of lunch money buying those packs. I got a bunch of good trades in with those cards, but it's a worthless set now. Well, not totally worthless. A PSA 10 Nolan Ryan just sold on Ebay for $10. A PSA 10 Bonds went unsold for $5.
They were nice looking cards though. I still have a set of it laying around somewhere.
WTB: 2001 Leaf Rookies & Stars Longevity: Ryan Jensen #/25
<< <i>
<< <i>The '89D Griffey in PSA 10 was, I think, up around $2000 six years ago, and now you can pick them up for $40. >>
Can you really get a PSA 10 for $40 ? >>
The '89 Donruss, not the '89 UD
One recently sold on eBay for less than $3,000. That's a nice $27,000 loss right there.
WTB: 2001 Leaf Rookies & Stars Longevity: Ryan Jensen #/25
<< <i>So, who are these guys who are blowing $30,000 on individual 80s cards? >>
I believe it was all part of a marketing scam in the early 90's to promote card grading. 120,000 Tiger Woods, 60,000 Michael Jordan, 20,000 Mark McGwire.
They had nowhere to go but down, but it lit the market on fire............
not the largest drop in price but.....
One insert set comes to mind though. Remember the "Beam Team" insert set for basketball. 92-93 topps stadium club.
1980's Star basketball....
Ewings rookie bag peaked at $500 when they were in the Finals in '93. Now it's $50.
1985 Star Gatorade Barkley. Peaked at $500. Now it's $20.
The Jordan subsets (Best of the Best, Best of the New) have declined 90% from their peak.
Nearly all of the minor stars have declined 90%+. Kevin Willis rookie that sold for $35 is now probably a $1.
Nearly all of the key bags are down 70, 80, 90%.
1986 Fleer Jordan PSA 10. $35,000 to $5,000.
Remember '90 French Upper Deck Hockey? I think packs peaked at $20-25. Now a box is half that.
Speaking of crazy money for 80's cards, the Gretzky OPC rookie sold for $80 k the other day. A few more come to market and you'll easily lose half your investment. What a dangerous game to play.
GO MARLINS! Home of the best fans in baseball!!
<< <i>There's so many that come to mind...
1980's Star basketball....
Ewings rookie bag peaked at $500 when they were in the Finals in '93. Now it's $50.
1985 Star Gatorade Barkley. Peaked at $500. Now it's $20.
The Jordan subsets (Best of the Best, Best of the New) have declined 90% from their peak.
Nearly all of the minor stars have declined 90%+. Kevin Willis rookie that sold for $35 is now probably a $1.
Nearly all of the key bags are down 70, 80, 90%.
>>
The problem with the Star cards is that they were reproduced, though. If not for that, the cards would not have lost nearly as much of their value, if any at all.
Right?
<< <i>
<< <i>There's so many that come to mind...
1980's Star basketball....
Ewings rookie bag peaked at $500 when they were in the Finals in '93. Now it's $50.
1985 Star Gatorade Barkley. Peaked at $500. Now it's $20.
The Jordan subsets (Best of the Best, Best of the New) have declined 90% from their peak.
Nearly all of the minor stars have declined 90%+. Kevin Willis rookie that sold for $35 is now probably a $1.
Nearly all of the key bags are down 70, 80, 90%.
>>
The problem with the Star cards is that they were reproduced, though. If not for that, the cards would not have lost nearly as much of their value, if any at all.
Right? >>
It's hard to say. Alot of the values were inflated in the early 90's due to certain players and teams in the Finals and playoffs. Barkleys rookie peaked at $1,000 when he was on fire with the Suns.
It's down to $150 now. Barkley, Olajuwon, Ewing, were like McGwire hitting 70 home runs.
Some bags have always been rare that I don't think were reproduced ('84 Celtics, Mavs, '85 Crunch N Munch and other subsets). They're still down at least 50-60% from their peak.
A PSA 9 just sold on ebay for ~$35. Keep in mind that a PSA 9 on a 50 year old postcard is not an easy grade.
A huge find that sold in a recent Edwards Auction has caused that card's value to drop like a stone.
<< <i>I think 1993 Finest refractors as a whole should get special consideration since they're probably the only set that took a gigantic dump in prices not once, but twice! >>
I don't know. I've been able to do just fine with them...how often can you sell Puckett PSA 10s for $4,250, $3,000, and $1,500? I recently sold a raw Shane Mack for $560, raw Griffey for over $700, and a PSA 9 Reynolds for $300. I've got a Jimmy Key 9 that will bring $500...
<< <i>
<< <i>I think 1993 Finest refractors as a whole should get special consideration since they're probably the only set that took a gigantic dump in prices not once, but twice! >>
I don't know. I've been able to do just fine with them...how often can you sell Puckett PSA 10s for $4,250, $3,000, and $1,500? I recently sold a raw Shane Mack for $560, raw Griffey for over $700, and a PSA 9 Reynolds for $300. I've got a Jimmy Key 9 that will bring $500...
But what about the non Shane Macks and Jimmy Keys (ie, cards not dumped on the market by the thousands from the wholesalers)?
PSA 9s across the board have plummetted faster than Rosie O'donnell leaping off the Empire State Building!
GO MARLINS! Home of the best fans in baseball!!
<< <i>Well... I doubt most will remember, but the '88 Score R/T CHRIS SABO card actually booked at $50 at one point in time... now? . >>
I call B.S. on this one. I do remember $2-$5, but $50, come on.
<< <i>
<< <i>Well... I doubt most will remember, but the '88 Score R/T CHRIS SABO card actually booked at $50 at one point in time... now? . >>
I call B.S. on this one. I do remember $2-$5, but $50, come on. >>
$5 is right. I was working at a card shop in the Reds' area (in KY) in 1988 when his cards were hot and that's what they were going for. That was actually top dollar for young stars at the time. Greenwell, for instance, was selling for $4.75, Canseco about $6 and most of the 86s and 87s were going for $2-$3.
<< <i>
<< <i>
<< <i>I think 1993 Finest refractors as a whole should get special consideration since they're probably the only set that took a gigantic dump in prices not once, but twice! >>
I don't know. I've been able to do just fine with them...how often can you sell Puckett PSA 10s for $4,250, $3,000, and $1,500? I recently sold a raw Shane Mack for $560, raw Griffey for over $700, and a PSA 9 Reynolds for $300. I've got a Jimmy Key 9 that will bring $500...
But what about the non Shane Macks and Jimmy Keys (ie, cards not dumped on the market by the thousands from the wholesalers)?
PSA 9s across the board have plummetted faster than Rosie O'donnell leaping off the Empire State Building! >>
You can be an idiot with ANY set of cards. Buy a PSA 10 Pujols RC on eBay and see how long it takes to make 50% on the card....
I've been able to make an absurd amount of money by buying low and selling high, only 1993 Refractors. Believe me, there are FAR better examples of sets with poor appreciation than the 1993 Refractors --- AND YOU KNOW THIS, MAN!!! I could give numerous other examples, but won't waste my or your time.
It is wholly unfair to compare PSA values of cards of ANY set, save for the vintage "big 3." As populations climb, values will necessarily go down. The star cards I've been selling have increased in value 25-75% on the whole (raw values for neatness) than from 2 years ago when I started buying...
I clicked on this thread for the sole purpose of responding to your expected trashing of 1993 Refractors.
<< <i>
<< <i>
<< <i>
<< <i>I think 1993 Finest refractors as a whole should get special consideration since they're probably the only set that took a gigantic dump in prices not once, but twice! >>
I don't know. I've been able to do just fine with them...how often can you sell Puckett PSA 10s for $4,250, $3,000, and $1,500? I recently sold a raw Shane Mack for $560, raw Griffey for over $700, and a PSA 9 Reynolds for $300. I've got a Jimmy Key 9 that will bring $500...
But what about the non Shane Macks and Jimmy Keys (ie, cards not dumped on the market by the thousands from the wholesalers)?
PSA 9s across the board have plummetted faster than Rosie O'donnell leaping off the Empire State Building! >>
You can be an idiot with ANY set of cards. Buy a PSA 10 Pujols RC on eBay and see how long it takes to make 50% on the card....
I've been able to make an absurd amount of money by buying low and selling high, only 1993 Refractors. Believe me, there are FAR better examples of sets with poor appreciation than the 1993 Refractors --- AND YOU KNOW THIS, MAN!!! I could give numerous other examples, but won't waste my or your time.
It is wholly unfair to compare PSA values of cards of ANY set, save for the vintage "big 3." As populations climb, values will necessarily go down. The star cards I've been selling have increased in value 25-75% on the whole (raw values for neatness) than from 2 years ago when I started buying...
I clicked on this thread for the sole purpose of responding to your expected trashing of 1993 Refractors.
You think you're the only person on earth that's made money off 1993 Finest refractors? I was able to make quite a bit myself dumping "low pop" PSA 9s for $500 a piece, but that doesn't mean 1993 refractors hasn't experienced two significant drops in value the past 13 years.
I don't know much about PSA 10 Pujolses or 1986 Topps Traded Barry Bonds in PSA 10s, but I DO KNOW 1993 Finest refractors. I've been following them since they first came out and saw them skyrocket in value in the mid-1990s (Hi Bob Nappe), then crash. I was actively buying and selling them then and got out before it all went kaput. I then saw their rebirth due to the Set Registry, when Doug Jones PSA 9s sold for $500, Jeff Bagwells sold for $600, Juan Gonzalez sold for $700, Nolan Ryan sold for $2,400, etc...
Do I have to tell you what those same PSA 9s are going for today?
YOU KNOW THIS MAN!!
GO MARLINS! Home of the best fans in baseball!!