PSA 10's blowing up..

olb31

In the last few months it seems that some psa 10 rookie cards are drastically increasing in value, more than usual in my opinion. Ripken 1982 and 1983, Gwynn, Boggs, Montana, Jordan 9 and 10, Jeter, etc. Really outpacing bgs 9.5 and kind of outpacing themselves. 1986 Fleer Jordan has gone up over $500 this year alone. Anyone have any idea what's driving this, the economy? Grading cards awareness? Let me know what you think or know?

Southsider

Blue chips are always a safe investment. Except when they aren't. Markets are inherently irrational.

JoeBanzai

Wasn't there just a thread on the Ripken card saying there were a bunch of 10's recently graded and the prices are dropping on it?

I think that there is a lot of unopened material out there, especially post 1980. Anyone spending big bucks on PSA 10's from these years could REALLY get burned.

In fact check out this discussion from 2002 regarding 1975 Killebrew PSA 9's. There are no 10's.

Mint cards price DROP



If the population on a 27 year old card can jump like this back in 2002, what do you think might happen to the cards from 1982 when production was higher and more people were hoarding cards?

Joe

jeffcbay

That Ripken thread you're referring to is the 1982 Topps Traded thread, and it's a farce because they're still going just as strong as they were before.

Also, the 1983 Fleer in particular seems to be blowing up amid 4SC's attempt to corner the market. Not even a year ago, the VCP average on this card was $40, now 4SC has sold FIVE of them for $64.99 "BIN" within the last two weeks, and one just sold yesterday at auction for $129.50!! A 1983 Fleer Cal Ripken Jr. PSA 10!! Crazy...

jmmiller777

Ya, I bet there is prolly 30% of the 80's early 90's stuff still unopened. I am grabbing 70's 8's and 9's as I think there are some bargain cards out there.

handyman

If yall are worried about unopened stuff to cause prices to come down. Yall should really look into 1950-60s hockey cards. Small sets make it easy for collectors to get hocked and there is no unopened stuff out there to flood the market.

I see hockey cards taking a rise in the next 5-10 years.

pmcollectour

<< <i>In the last few months it seems that some psa 10 rookie cards are drastically increasing in value, more than usual in my opinion. Ripken 1982 and 1983, Gwynn, Boggs, Montana, Jordan 9 and 10, Jeter, etc. Really outpacing bgs 9.5 and kind of outpacing themselves. 1986 Fleer Jordan has gone up over $500 this year alone. Anyone have any idea what's driving this, the economy? Grading cards awareness? Let me know what you think or know? >>




People are taking a good chunk of change out of stocks, bonds, and banks that are paying 1.0% interest and putting them into more enjoyable things.

ClockworkAngel

<< <i>

<< <i>In the last few months it seems that some psa 10 rookie cards are drastically increasing in value, more than usual in my opinion. Ripken 1982 and 1983, Gwynn, Boggs, Montana, Jordan 9 and 10, Jeter, etc. Really outpacing bgs 9.5 and kind of outpacing themselves. 1986 Fleer Jordan has gone up over $500 this year alone. Anyone have any idea what's driving this, the economy? Grading cards awareness? Let me know what you think or know? >>




People are taking a good chunk of change out of stocks, bonds, and banks that are paying 1.0% interest and putting them into more enjoyable things. >>



This is exactly what I recently did and I'm having a blast, except I did it with my Apple stock profits

Regarding the Ripkens, Gwynns, Boggs, etc those feel a little overpriced to me, though I have been wrong as they seem to keep going up, but they're just not that rare as evidenced by how often they pop up on eBay. I'd rather spend the $1500 the 82 ToppsT PSA 10 Ripken is going for and pick up a PSA 10 Elway RC or PSA 9 Bird/Magic or a Star HOF from the 70's. The 1977 Dawson PSA 10 seems still reasonable

NVbaseball

<< <i>Markets are inherently irrational. >>



The more irrational, the greater the profits available to the experts

mcadams

Not to be an econ nerd, but the simplest explanation is that 1) there is no carry cost.. or penalty for holding on to cards or other commodities right now. That will continue as long as short-term interest rates are near 0%. 2) People have more disposable income today than they did 2 years ago because of the unprecedent drop in mortgage rates. Operation Twist by the Fed has lowered fixed rate on 30 yr mortgages by 100+ basis points in less than 2 yrs. Anyone who's refinanced recently has extra cash to spend each month on things like cards. That will tend to drive prices up for certain things, perhaps cards are benefitting a bit.

TheCARDKid

The '93 SP Jeter seems to have really shot up. $700-900 for a PSA 9? Wasn't it $400 or $500 not that long ago.

Maybe people are realizing, there aren't going to be many 3,200 hit hitters in the near future.

I agree about the 77 Dawson. An awful lot of people grew up watching him play. Similar with Dale Murphy.

bouwob

<< <i>Not to be an econ nerd, but the simplest explanation is that 1) there is no carry cost.. or penalty for holding on to cards or other commodities right now. That will continue as long as short-term interest rates are near 0%. 2) People have more disposable income today than they did 2 years ago because of the unprecedent drop in mortgage rates. Operation Twist by the Fed has lowered fixed rate on 30 yr mortgages by 100+ basis points in less than 2 yrs. Anyone who's refinanced recently has extra cash to spend each month on things like cards. That will tend to drive prices up for certain things, perhaps cards are benefitting a bit. >>



IMHO I think a lot of it comes from from income inequality. Lower end sports cards are losing value at the same time higher end sports cards are gaining value. the top 20% of income earners have more disposable income causing them to bid up higher end cards, whereas the lower 80% are finding it harder to survive and are no longer buying.

mattinglymint23

Fascinating thread. It's the basis for my reasoning on spending most of my money on cards and less and less on my fiancé

But seriously, interested in hearing opinions on what people consider blue chip? Is it strictly HOFers and all time greats from all sports in high grade? It seems betting on scarcity of high grade cards is more of a gamble.