Double dip a comin, how does this efffect card prices?
LodiBrewFan
Posts: 564 ✭
Seems like some cards are getting their legs back underneath (price wise) from the first dip. Will the next create another buyers market?
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for less than what they cost to get graded.
For all you modern collectors - I hope you are doing it "For The Love of The Game" as someone once said in a movie, because the cards are worthless.
MULLINS5,1966CUDA,nam812,nightcrawler,OAKESY25,PowderedH2O,relaxed,RonBurgundy,samsgirl214,shagrotn77,swartz1,slantycouch,Statman,Wabittwax
and I aint talking about that damn song...
Looking for 1970 MLB Photostamps
- uncut
Positive Transactions - tennesseebanker, Ahmanfan, Donruss, Colebear, CDsNuts, rbdjr1, Downtown1974, yankeeno7, drewsef, mnolan, mrbud60, msassin, RipublicaninMass, AkbarClone, rustywilly, lsutigers1973, julen23 and nam812, plus many others...
Buying Vintage, all sports.
Buying Woody Hayes, Les Horvath, Vic Janowicz, and Jesse Owens autographed items
"Live everyday, don't throw it away"
Interesting take on it though...I think CU will still prosper through all of this because all those raw collections out there, when people need money, they're gonna need to get these raw cards PSA graded to get top dollar...so there may be a lot more vintage graded cards coming into the marketplace in the relative future.
Same with graded cards, a little over 5 years ago, almost all modern PSA 10's where in the $15 range. You can buy HOF'ers all day long for less then half of that now.
Don't collect as an investment...unless it is in proven winners. Even then, you are likely better buying things outside of card market.
Raw: Tony Gonzalez (low #'d cards, and especially 1/1's) and Steve Young.
Did April 27th act as a stimulus for your line of work?
I'm a salesman for a local telephone cooperative, on the 28, I was handed a hard hat and a chainsaw and told that "I was now a lineman and here's a hot cup of 'don't you f'ing complain about it'.
Fine wine, fine art, and fine sports collectibles should keep their value.
<< <i>There are going to be more and more super low prices on 50's and 60's mid grade cards. The slabs will sell
for less than what they cost to get graded.
For all you modern collectors - I hope you are doing it "For The Love of The Game" as someone once said in a movie, because the cards are worthless. >>
There's actually quite a bit of modern stuff that is far from worthless, graded or ungraded. Some of the low numbered 90's inserts are going for pretty good amounts right now.
<< <i>For all you modern collectors - I hope you are doing it "For The Love of The Game" as someone once said in a movie, because the cards are worthless. >> >>
86/87 Fleer Jordan
90's Jordan inserts
2001 Bowman Chrome Albert Pujols Auto
2001 Ultimate Ichiro Auto
1998 Contenders Peyton Manning Auto
2000 Contenders Tom Brady Auto
2001 Brees/LT/Vick Autos
2003 Exquisite LeBron James
2005 The Cup Sidney Crosby
I wouldn't call them worthless but let me know if you run into any of the above, I'll take them off your hands for a few bucks each.
<< <i>Well it's still a good time to buy gold American eagles, but as far as cards are concerned, I think they'll be ok.
Fine wine, fine art, and fine sports collectibles should keep their value. >>
I don't know about it being a good time to still buy Gold American Eagles, I think we will see gold pull back 10 to 15% here in the next month or so if Europe doesn't collapse. But that didn't stop me from snagging a 2009 1 Oz Gold Eagle this week for about $1600 after eBay Bucks and cashback. Now if I didn't have a nice stack already of gold that I had been picking up since $650 an ounce I would never have bought this one.
I think the definition of what a recession is needs to be redefined in this now "World Economy" myself. I really don't feel or believe this country ever got out of the first one when you look around all the smoke, mirrors and BS numbers that .gov has put out to make things look better. I really see us going into a full blown World Depression here in the next 12 months. So expect lots of fire sales on collectables when people are starving to death and they either will sell those Mantles cards or die. (Ok I hope it doesn't come to this but dang is the World in a messed up situation right now)
-Brendan
90's Jordan inserts
2001 Bowman Chrome Albert Pujols Auto
2001 Ultimate Ichiro Auto
1998 Contenders Peyton Manning Auto
2000 Contenders Tom Brady Auto
2001 Brees/LT/Vick Autos
2003 Exquisite LeBron James
2005 The Cup Sidney Crosby
Except for the Jordan RC I expect in 10 years the rest of that list
Will be worthless
I hope I'm wrong but ..........
JMHO
MULLINS5,1966CUDA,nam812,nightcrawler,OAKESY25,PowderedH2O,relaxed,RonBurgundy,samsgirl214,shagrotn77,swartz1,slantycouch,Statman,Wabittwax
<< <i>86/87 Fleer Jordan
90's Jordan inserts
2001 Bowman Chrome Albert Pujols Auto
2001 Ultimate Ichiro Auto
1998 Contenders Peyton Manning Auto
2000 Contenders Tom Brady Auto
2001 Brees/LT/Vick Autos
2003 Exquisite LeBron James
2005 The Cup Sidney Crosby
Except for the Jordan RC I expect in 10 years the rest of that list
Will be worthless
I hope I'm wrong but ..........
JMHO >>
No way.. I mean, JUST the People on this message board would be enough to keep these cards afloat. And we ain't goin anywhere.
HOF SIGNED FOOTBALL RCS
If we're in a recession/depression (or on the verge of one)....why are people still driving mercedes, bmw's, etc? You'd never guess a depression by all the luxury cars on the road.
Why are ipads or ipods selling by the millions (or kindles?)? Or ps3's, wii's. It seems like people have a lot of "toys" for this recession.
At least around here, the losses seem to be mostly on paper. I'm not seeing collections popping up on Craigslist at an unusual rate or at lower than normal prices.
2004 Tommie Harris SPX Printing Plate (White Whale will pay top $$$)
1994 SP Football Die Cuts PSA 10s
...For as in the days that were before the flood, they were eating and drinking,
marrying and giving in marriage, until the very day that Noah entered into the ark...
<< <i>...For as in the days that were before the flood, they were eating and drinking,
marrying and giving in marriage, until the very day that Noah entered into the ark... >>
Agreed !!! --- For those smarter than the rest of us , the one thing that some of us can tell , is what a trojan horse looks like. Its presented as a great gift , but destruction is the intented goal , and for fools the result. The only thing that evil people need to succeed is for good people people to do nothing. ---- Sonny
His comments today on his facebook:
Sen. Sanders on S&P downgrade: I find it interesting to see S&P so vigilant today in downgrading the US credit rating. Where were they 4 years ago when they, and other credit rating agencies, helped cause this horrendous recession by providing AAA ratings to worthless sub-prime mortgage securities on behalf of Wall Street investment firms? Where were they last December when Congress and the White House drove up the national debt by $700 billion by extending Bush's tax breaks for the rich?
<< <i>I went to dinner tonight. It's funny what you notice about ancedotal evidence.
If we're in a recession/depression (or on the verge of one)....why are people still driving mercedes, bmw's, etc? You'd never guess a depression by all the luxury cars on the road.
Why are ipads or ipods selling by the millions (or kindles?)? Or ps3's, wii's. It seems like people have a lot of "toys" for this recession. >>
It's disturbing to see so many people that are simply unwilling to give up their lifestyle (buying toys, eating out, etc.) even though they are up to their eyeballs in debt.
<< <i>
<< <i>I went to dinner tonight. It's funny what you notice about ancedotal evidence.
If we're in a recession/depression (or on the verge of one)....why are people still driving mercedes, bmw's, etc? You'd never guess a depression by all the luxury cars on the road.
Why are ipads or ipods selling by the millions (or kindles?)? Or ps3's, wii's. It seems like people have a lot of "toys" for this recession. >>
It's disturbing to see so many people that are simply unwilling to give up their lifestyle (buying toys, eating out, etc.) even though they are up to their eyeballs in debt. >>
Add cellphones to that list...my goodness, there's no reason for these lengthy contracts and expensive 'smart' phones.
You'd think something like a kindle would get canceled in a recession. Or the latest smart phone or something. Who can afford to keep up with every new gadget?
I read the other day that homeownership is at its lowest level since 1965. Its hard to imagine where things are really going to bottom out in 5-10 years.
To be an official recession, we must have two quarters in a row with negative GDP. Last quarter our GDP dropped to 1.3. We could see a negative GDP in the next quarter. If so, we are halfway there.
Here is my two cents, we will continue to have a floudering economy until we revamp our manufacturing sectors. We need more 'Made in the USA' labels in our closets and cabinets. If we keep buying cheap China goods, we will get what we deserve. In my household, we will go with less American made goods, over an abundance of cheap foriegn made goods. I will not buy a happy meal for my girls simple because I don;t want them getting used to being rewarded with a cheap chinese made plastic toy for eating an unhealty meal. I get them a #1 super-sized instead. lol
I'm not sure it happens that quick, but I agree. I think 30-40 years from now we will look back on the period between 2008-2020 as the second Great Depression. Of course, you'll only hear a few guys on TV say we are in the middle of a such an event (Peter Schiff, Marc Faber, Noriel Roubini to name a few). And as always, other TV pundits will laugh off their predictions and say they are crazy.
How many more times do these guys have to be right before we start listening to them?
At some point our country needs to take economic policy decisions out of the hands of Congress and put them into the hands of a select group of people that can make sound decisions for our country without having to worry about re-election.
<< <i>
<< <i>Well it's still a good time to buy gold American eagles, >>
Jim Sinclair made the crazy prediction when gold was $300 per ounce that gold would hit $1650 in 2011. The guy was dead on.
He now predicts gold will easily hit $5,000 ounce.
Peter Schiff and Marc Faber and Jim Rogers are other guys who understand what's going on with our economy and the price of gold.
<< <i>...For as in the days that were before the flood, they were eating and drinking,
marrying and giving in marriage, until the very day that Noah entered into the ark... >>
In other words, "they never saw it coming" ???
Because up until that point in time in history rain had never fallen from the sky ? The earth got it's moisture from the morning dew ?
<< <i>US credit rating downgrade happened tonight. Short term the market may have this priced in and we will find out Monday. Long term this is awful as no country has ever lost their AAA status and regained it. I am not surprised by the move but no fun to hear either way. >>
Australia and Canada are a couple that come to mind who lost and regained the AAA.
<< <i>US credit rating downgrade happened tonight. Short term the market may have this priced in and we will find out Monday. >>
I agree that the Dow Jones could crash again this week. But it's hard to predict what will happen after that. Even experienced financial analysts don't know. It wouldn't surprise me if on December 31, the stock market will show a net gain for the year.
Housing starts is another one. These charts look like a depression.