Prices falling??

handyman

Ive been buying and selling PSA garded cards for about 7 years now and Ive noticed that most of the cards that I sold over the last 2 years have gone down quite a bit lately. Im thinking about buying them back. I know prices overall are not going down. There are still comons and what not selling for insaine prices. But even those once a certain set collector has that 1st one graded the next is way lower.
Examples of what Ive bought and sold and are regular cards of each
1970 Topps Pete Rose PSA 9 sold one for 800.00 then bought it back for 450 this year and now they are about 380-420
1972 Topps Willie Mays PSA 9 Sold it for 1000.00 2 years ago now they are at 250.00
1970 Topps Willie Mays PSA 9 Sold it for 1400 and now its at 600.00
1980-81 Bird Johnson Rookie PSA 9 Sold it for 825 last year and now its at 550
1975 Topps Mini Nolan Ryan PSA 9 Sold it for 1000.00 I think the last sold for around 600
An entire 1951 Topps Red back set PSA 9 for 8000 and I know I can make it for less now.
1973 Topps Johnny Bench PSA 9 Sold it for 635 and now its 265-330
1978 Tony Dorsett PSA 9 Sold it for 345 now its about 250
1970 Topps Ernie Banks PSA 9 sold it for 425 now its about 225
1970 Topps Fran Tarkenton PSA 9 sold it for 150 now its 50.00
These were cards I had graded and then sold them over the last 2 years, mostly the last year.
Are these prices low bc of the recent flood of vending? Or is there just more mint cards being found.
What are yalls thoughts? Will these cards ever be worth what they once sold for only 2 years ago or will they keep going down.
And I have noticed PSA 9 Mantle cards are not selling for anything like they were 2 years ago.
Whats going on? It seems like a selling market for low pop comons but you have to sell them quick. And it seems like a buying market for once high dollar hofers.

BigRedMachine

I think the problem is the cards you listed aren't, in fact, very rare. It reiterates the my opinion that it's insane to spend any amount of money on a 1 of 1 psa 10 card just for the sake of the set registry when the card is a 1970 or 1980 version, and you know as more cards are graded, more 10's will appear. Supply and demand is simple. There is only one PSA 10, prices go crazy. There are 100, prices will fall. Just makes sense.

The first few 1985 McGwire Psa 10's, and the first few 1989 Upper Deck Griffey Psa 10's, went for $1000+. Obviously one should've known there would be more.

But there are things like prewar that are truly rare, and not artificially rare, and I don't think they are going down in price. But one has to be careful spending a boatload on a PSA 10 of a 1978 card that is the only PSA 10, because that card was printed in the millions, there are a lot more out there, and eventually there will be a lot more 10's. Just my opinion.

So prices falling?? Just depends on what you collect I guess. Try putting together the '55 football all american set. Prices aren't falling.

Who knows where it's going?? Collect what you enjoy and try to buy lower than the current going rate, that's my philosphy.

shawn

handyman

so what cards will go up then? Besides the obvious 1952 mantle ect. What from 1960-1975 cards will go up?

perkdog

<< <i>so what cards will go up then? Besides the obvious 1952 mantle ect. What from 1960-1975 cards will go up? >>





When you find this out PM me so I can invest.....

itzagoner

low pop 9's and even hard-to-find 8's will rule the market, i think....as long as they stay affordable, people will continue to compete for them....the value of the rare PSA 10 will always be predicated by desire and nothing else, the Registry has seen to that....the well-educated set builder will thrive, and those who can afford to spend, will continue to go after the rare stuff

Gonblott

SELL SELL SELL TO ME! =P

handyman

Only if I can buy them back next year for %50 less!!!

Lothar52

50's cards....cant go wrong!!!!

storm888

"50's cards....cant go wrong!!!! "

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That sounds pretty close to right.

Mantle's to 1969 are probably ok, too.

In general, if a nice 1960s card has fallen 50%
in one-year, it may be close to its natural bottom.
If it goes down more, it is probably a buy; if you
plan to hold for five-years or more.

Supply is alot easier to guess at than is demand.
I have no idea if demand is going to stay constant,
increase, or go into the toilet.

Basilone

1965 Topps Charlie Smith PSA 8 ...used to go for $1k+. One just sold the other day for $360

Boopotts

Don't try to catch a falling knife. Nobody will know what the natural bottom is for these cards until they've stagnated (read: quit dropping) for a while. How many people thought the 'natural bottom' for the '89UD Griffey was $1000 when it came down from $3000? Or figured 10K was as low as the '86 Jordan PSA 10 could go? Fact is, it's a bad idea to buy cards until they've hit bottom with a 'thump!', and stayed there for a while. Heck, for all we know the bottom for a '72 PSA 9 Mays is $60. Or lower.

Morgoth

I think in the market you have to look at 2 things rarity and demand. Prewar cards are by their age and print runs much more rare than post war cards in general so if you couple that with a popular HOF then you can't go wrong. If I had the money I would invest in undervalued prewar sets with good eye appeal and nice HOF selections like the M116's or Tattoo Orbit cards.

I personally don't believe any of the postwar mainstream sets are rare (48-49 leaf excluded). I don't think the rare commons in these sets will hold their value. Look at some of the "rare" 1952 commons and how they have fallen in price as supply went up. You cannot find a more in demand set than 52 topps and they still drop. The only suggestion I would have for the post 50's sets would be to colllect HOF rookies. I think major HOF rc's will continue to gain in value. Once the Baseball HOF RC registry gains in popularity you might find that a Ferguson Jenkins RC may go the way of Jack Lambert (it should its much tougher).

If you collect for investment I wouldn't give much interest in any sets post 1962 until the flood of unopened and old school collections thins out. Larry Fristch is sitting on what could be a market devastating amount of unopened material. He is not the only person with some wharehouses full of cards either.

To give you an idea of how tough it is for 60's and 70's cards, try and trade a card like the 72 Mays 9 or 69 Rose 9 to a dealer and see what percentage you get. Then try the same with a PSA 3 T206 cobb card. You will have to give away a 70's 9 but most dealers are killing themselves for Cobb cards.