Is there another set more out of whack with SMR than '59 Morrells?
MorrellMan
Posts: 3,238 ✭✭✭
This set represents pretty much my little area of expertise.
SMR is so far off on this set that it can't be used as any kind of indicator.
To wit:
2 years ago, a raw Koufax sold on ebay for $1500.00.
A month or so later, another one showed up. It sold for the same amount.
Last night, I was the underbidder on a Koufax PSA 5 that sold for $3,688.86.
SMR for that card is $130.
I did manage to win a Gilliam PSA 6 for $621.11.
SMR is $40.
I also picked up a Neal PSA 6 for $577.90.
SMR is $30.
In the same series of auctions last night, a Labine PSA 1 MK sold for $43.76.
SMR for a PSA 5 is $20.
A Drysdale PSA 2 MK sold for $43.50.
SMR for a PSA 5 is $65.
Two cards, Larker and Podres, did manage to fly under the radar at roughly 3X SMR.
Private sales: I sold a half dozen or so dups last year for 10 to 15 times SMR.
This set is so difficult to find in high grade that, even now, 8 years after my Podres graded the only PSA 7, there are still no other 7s. The Podres 7 in the SMR is listed at $60 - less than what last night's Podres went for. My Podres is not for sale, but I would quess it would sell for around 100X SMR.
The '60 and '61 sets are a different story, but the 1959 Morrell set remains the scarcest, in spite of a number of us Morrell wackos from coast to coast trying to chase down quality cards. I have two sets on the registry and I wanted the Koufax 5 for my second set. I am very happy to have acquired the two upgrades for my first set, allowing me to complete the second set as well. The Koufax last night was won by a Koufax collector, so the card is in very good hands.
But wassap with SMR?
SMR is so far off on this set that it can't be used as any kind of indicator.
To wit:
2 years ago, a raw Koufax sold on ebay for $1500.00.
A month or so later, another one showed up. It sold for the same amount.
Last night, I was the underbidder on a Koufax PSA 5 that sold for $3,688.86.
SMR for that card is $130.
I did manage to win a Gilliam PSA 6 for $621.11.
SMR is $40.
I also picked up a Neal PSA 6 for $577.90.
SMR is $30.
In the same series of auctions last night, a Labine PSA 1 MK sold for $43.76.
SMR for a PSA 5 is $20.
A Drysdale PSA 2 MK sold for $43.50.
SMR for a PSA 5 is $65.
Two cards, Larker and Podres, did manage to fly under the radar at roughly 3X SMR.
Private sales: I sold a half dozen or so dups last year for 10 to 15 times SMR.
This set is so difficult to find in high grade that, even now, 8 years after my Podres graded the only PSA 7, there are still no other 7s. The Podres 7 in the SMR is listed at $60 - less than what last night's Podres went for. My Podres is not for sale, but I would quess it would sell for around 100X SMR.
The '60 and '61 sets are a different story, but the 1959 Morrell set remains the scarcest, in spite of a number of us Morrell wackos from coast to coast trying to chase down quality cards. I have two sets on the registry and I wanted the Koufax 5 for my second set. I am very happy to have acquired the two upgrades for my first set, allowing me to complete the second set as well. The Koufax last night was won by a Koufax collector, so the card is in very good hands.
But wassap with SMR?
Mark (amerbbcards)
"All evil needs to triumph is for good men to do nothing."
"All evil needs to triumph is for good men to do nothing."
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I wish PSA would scrap SMR and sign a deal with vcp like SGC did.
Always looking for Topps Salesman Samples, pre '51 unopened packs, E90-2, E91a, N690 Kalamazoo Bats, and T204 Square Frame Ramly's
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
Now will someone please sell me a t-200 Philadelphia Nationals PSA 7 for $1,100? Or a 1950 Drake Eddie Waitkus PSA 8 for $265? Or an E106 Dooin PSA 7 for $300?
<< <i>There is a point at which if you are not going to dedicate resources to updating prices to reflect more realistic market value, then they should not be listed in the first place. Your example is a very egregious one at that.
Now will someone please sell me a t-200 Philadelphia Nationals PSA 7 for $1,100? Or a 1950 Drake Eddie Waitkus PSA 8 for $265? Or an E106 Dooin PSA 7 for $300? >>
Don't you love it when they list prices for cards that don't even exist? I can promise if the T200 came up there would be at least 1 buyer for it at 7x SMR.
Always looking for Topps Salesman Samples, pre '51 unopened packs, E90-2, E91a, N690 Kalamazoo Bats, and T204 Square Frame Ramly's
Always Buying & Collecting 1957 Topps Baseball 1914 cj,s 1978 bb and any Hof bb
As far as SMR goes, I'm still too new to the vintage market to be able to identify off the top of my head what is off and what isn't. I do know that I would love to buy some of the T218 and T220's out there for SMR value. Holy crap! I saw a $30 SMR card go for way over $100 about a week ago. That stuff keeps climbing.
Side note: my snipe was very humbling
Arthur
<< <i>Is there another set more out of whack with SMR than '59 Morrells? >>
Most pre war cards are. I dont even look at SMR anymore for pre war pricing. Post war....scarcer issues like the morrells are not close to SMR prices. As someone stated above, the best gauge of value is the actual prices that the card goes for in auctions. It amazes me how long it took before a service like vcp came along.
Anyone here have an idea of how PSA calculates the prices to print on SMR?
$99 annual membership with archived sales data from eBay and many auction houses.
They have done a great job and answer any question I have with in minutes. Great service and product.
Simply put, they need to hire someone whose full-time job it is to monitot prices and make them relevant.
Then again, it may be too late--too many collectors are now using vcp and not paying much attention to the smr. Too bad--they were the authority.
Jim
Mars attacks in 8 or better.
Steve
<< <i>Mark
Mars attacks in 8 or better.
Steve >>
Steve, that's true. It's also true of most NS sets when you get above 7s - the incremental increase just isn't relevant.
"All evil needs to triumph is for good men to do nothing."