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SMR Prices

falcon0173falcon0173 Posts: 4
in PSA Set Registry Forum
I have read the message boards for a long time, but this is my first post. My question is related to SMR prices. I am building a 1955 Bowman Football set PSA 7 or better. With regard to SMR prices, the low pop cards or high grade examples go for literally 2-3 times if not more than the SMR value. I realize that SMR prices cannot be expected to be totally current or 100% accurate, but they are not even close. How can they be so far off. Any collector who even looks at the prices realized knows SMR prices are totally unrealistic. How can they be so far off?

Comments

  • mikeschmidtmikeschmidt Posts: 5,756 ✭✭✭


    << <i>I have read the message boards for a long time, but this is my first post. My question is related to SMR prices. I am building a 1955 Bowman Football set PSA 7 or better. With regard to SMR prices, the low pop cards or high grade examples go for literally 2-3 times if not more than the SMR value. I realize that SMR prices cannot be expected to be totally current or 100% accurate, but they are not even close. How can they be so far off. Any collector who even looks at the prices realized knows SMR prices are totally unrealistic. How can they be so far off? >>



    PSA generally does not put the time and effort in to updating it.
    I am actively buying MIKE SCHMIDT gem mint baseball cards. Also looking for any 19th century cabinets of Philadephia Nationals. Please PM with additional details.
  • gmoneystylesgmoneystyles Posts: 349 ✭✭
    Agreed,

    For example, the 1950 Bowman Mel Parnell card #1 has an SMR in the $200 range in a PSA 7. This is ridiculous, as it hasnt gone for less then 1500 any time I've seen it up for auction.
    Now looking for a 1950 Bowman Baseball Box as pictured below.
    image
  • JonBJonB Posts: 495 ✭
    Here is an example that I posted in the Nolan Ryan threat late last month...

    Looking through the SMR I noticed that the price for a 1975 Topps Nolan Ryan #500 in PSA 9 was decreased to only $560 recently.

    I just saw one sell on ebay for over $2100.00 and I have never seen one go for under $1200, so why on earth did it just get marked down to $560? If anything, it needs to be adjusted to at least $1300-$1500. Heck, in the eBay auction there were 5 different people that all bid $1675 or higher.


    ... I guess that is a pretty good example of how accurate the SMR is. I am a fan of PSA but I have seen many instances lately of them "dropping the ball".
  • softparadesoftparade Posts: 9,276 ✭✭✭✭✭
    1978 Topps PSA 9 NQ Nolan Ryan SMR is $140. The card ALWAYS goes for 400 bucks plus.

    ISO 1978 Topps Baseball in NM-MT High Grade Raw 3, 100, 103, 302, 347, 376, 416, 466, 481, 487, 509, 534, 540, 554, 579, 580, 622, 642, 673, 724__________________________________________________________________________________________________________________________________ISO 1978 O-Pee-Chee in NM-MT High Grade Raw12, 21, 29, 38, 49, 65, 69, 73, 74, 81, 95, 100, 104, 110, 115, 122, 132, 133, 135, 140, 142, 151, 153, 155, 160, 161, 167, 168, 172, 179, 181, 196, 200, 204, 210, 224, 231, 240

  • MorrellManMorrellMan Posts: 3,238 ✭✭✭
    SMR's unrealistic values have been documented for a long time. In their defense, it is meant to be a "guide" rather than a stock market index report. I determine values I am willing to pay in the following manner:

    1. Observe the market and see where prices/demand are.
    2. Determine %age of SMR.
    3. Make corrections for known rarities, etc.

    I was fortunate to grab a '59 Morrell Podres in PSA 6 recently. These cards are about as close to nonexistant as you can find. The underbidder sent me a nasty note chastising me for paying so high over "book" for the card (even though his bid was a buck under mine) - you just have to know when there is no "book" on a card or a set.

    Bottomline is - it's up to us to be knowledgeable and informed. The more familiar you are with the buying and selling of your set of interest, the better you'll be able to determine how to build that set and still have equity.
    Mark (amerbbcards)


    "All evil needs to triumph is for good men to do nothing."
  • diamondmandiamondman Posts: 2,020
    When is the last time a 1972 Topps # 757 Jose Cardenel PSA 8 Has went for 15.00 Paying double smr here LOL will take quanity LOL. Will also take # 496 Bud Harrelson boyhood photo PSA 8 For Double SMR. LOL image
  • ArnyVeeArnyVee Posts: 4,245 ✭✭
    I would take the Dick Dietz IA and the Hal McCrae IA from the '72s for double book as well image
    * '72 BASEBALL #15 100%
    * C. PASCUAL BASIC #3
    * T. PEREZ BASIC #4 100%
    * L. TIANT BASIC #1
    * DRYSDALE BASIC #4 100%
    * MAGIC MASTER #4/BASIC #3
    * PALMEIRO MASTER/BASIC #1
    * '65 DISNEYLAND #2
    * '78 ELVIS PRESLEY #6
    * '78 THREE'S COMPANY #1

    image

    WaltDisneyBoards
  • JonBJonB Posts: 495 ✭
    A "guide" it is. However, when the prices are often off by $1500 on a card they list as being $500, thats a big difference, and the term "guide" doesn't apply.

    Thats not to mention this is a service we are all paying for. Maybe they should take all the fees they collect for allowing people to view the SMR and hire someone who's sole job is to keep it more accurate.
  • marzmarz Posts: 1,601
    cards listed in pre-1930 sets for $350 sell for $1675 commonly!

    live each day like it's your last but don't count on it!
  • asphaltman76asphaltman76 Posts: 765
    I even wrote PSA corporate expressing my displeasure in the lack of involvement the company has put into researching and updating the SMR prices. Told them that I'll take my business to PRO next....ha ha image
  • bobsbbcardsbobsbbcards Posts: 3,254 ✭✭✭
    falcon0173,

    Welcome to the boards! image

    Bob
    bobsbbcards PSA Registry Sets
    bobsbbcards SGC Registry Sets
  • TheVonTheVon Posts: 2,725 ✭
    One day I had the good fortune of getting to play a round of golf with some buddies. It was at a golf course north of town that I had only been to once before and I couldn't quite remember how to get there. Like most people in such a situation, I decided to Mapquest my route. I didn't pay much attention to this "guide" until after I got out on the road and realized that the directions were completely absurd. Without getting into too much local detail, Mapquest actually had me drive through the parking lot of a gas station by the Sacramento International airport in order to get onto a back road. Though I was unfamiliar with exactly where the golf course was, I knew this wasn't the best, most direct way to go and I was able to navigate my way to the golf course on my own with a lot more effort. I look at the SMR the same way I look at Mapquest directions. It's a guide. A guide that is often absurd, frequently amusing, and routinely frustrating. The thing is though, if I knew this course well I wouldn't really need to rely on that guide . . . but it sure would be nice if it was accurate for when you forget the way or for when you want to venture somewhere new.
  • FuzzFuzz Posts: 903
    In an old issue of the printed SMR, I think I remember reading something about the how the price of the cards in SMR was arrived at. My memory says that it was the list prices of what certain dealers would ask for the card in that grade assuming that they have one for sale. This is of course hypothetical since most of them don't have one and probably put little time into updating as the market changes. Especially on issues they don't really specialize in. Use it for what it is and remember "indivdual results may vary". But...... funny enough when a whole set sells and the analysis is posted up here, there are usually some above and some below and often the total is relatively close. Good Luck with the quest.
    Fuzz
    Wanted: Bell Brands FB and BB, Chiefs regionals especially those ugly milk cards, Coke caps, Topps and Fleer inserts and test issues from the 60's. 1981 FB Rack pack w/ Jan Stenerud on top.
  • cravetoppscravetopps Posts: 1,134
    if you're buying high POP commons, it's a great tool, which makes it pretty much useless.
    Mark B.

    Seeking primarily PSA graded pre-war "type" cards

    My PSA Registry Sets

    34 Goudey, 75 Topps Mini, Hall of Fame Complete Set, 1985 Topps Tiffany, Hall of Fame Players Complete Set
  • falcon0173falcon0173 Posts: 4
    How hard would it really be for SMR to occasionally search at least EBAY prices realized? By no means would anyone expect them to be up to date month to month, but when you continually hear that smr prices are hundreds of percents off from those being realized, it is a problem. Sure, it is a guide and we all know it is not that accurate, but it should be at least close. That's all I meant.
  • 1960toppsguy1960toppsguy Posts: 1,127 ✭✭
    It's a flat out Joke! SMR should stand for Stupid Mans Reality!image
  • JonBJonB Posts: 495 ✭
    I had some long rant all typed out, but in my opinion it comes down to this... Mapquest is a guide, its free. The SMR is a also a guide, but its also a service that we PAY for. If you took your car in for service and they didn't fix it, would you keep going back and paying them more money?

    With that said, I have no plans to not renew my membership when its time (because I like being able to submit cards); I just wish this service I pay for was more accurate, as I am sure we all do.
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