1970 Kellogg's Blood Bath

Kep13 · April 23, 2002 7:26AM

The prices of recent have been nuts.....a few commons have gone for over $40 in PSA 9 and that is WAY more than I will pay.....my only worry is that I may never be able to complete my set because people will keep paying out-of-this-world prices for PSA 9 commons and I will not go over $22 or so for those cards.....sooner or later things have to settle down (don't they??) as I see more and more people putting PSA 9's up on EBAY, but if people are going to try to put 2 or 3 sets together and are willing to pay huge prices, it may be 10 years before I complete my set....

theBobs · April 23, 2002 7:50AM

patience.

thegemmintman · April 23, 2002 7:51AM

Kep, you have to hang in there. Stick to your guns. Don't let wacko bidders like me scare you. I remember not so long ago you were only 20 or 30 percent complete, and like now, you were concerned about the "high" prices not coming down. Well you're now about 50 percent complete, right? You're getting there!

The tougher commons in PSA 9 are going to cost more. That's all there is to it. In time there will be more 9's of these cards. I think the only problem you will encounter is if more people start to collect this set - which is a distinct possibility.

zardoz51 · April 23, 2002 12:44PM

I understand that even the noted collector, Elron Sanchez has a 1970 set listed in the registry.

rbeaton · April 23, 2002 8:30PM

<< <i>The prices of recent have been nuts >>

I agree with you. We will have to wait it out. At some point gemmintman will have the complete set in 10's and will sell his 9's (he will sell his 9's, he will sell his 9's, he will sell his 9's...) I have to keep repeating this to myself.

Plus, zardoz will have to sell his collection to put his daughter through law school

So, there will be lots of 9's available in the future which should bring prices down.

Robert

pinhigh · April 23, 2002 8:35PM

rbeaton - I understand the benefits of positive thinking, but you must be realistic. Gemmint isn't going to sell anything. In fact, he will buy up everything. Just look at what he has done to the 1964 Topps Giants set. It is because of him that the collecting public has needed an organization such as the one that I have started. A stand must be taken!

zardoz51 · April 23, 2002 9:43PM

Guys

The truth is that the collecting public is awakening to this magnificent set. Although the 1971 is a far more scarce, the 1970 is a beautiful set, great photography, free of cluttered border decoration, useless wording, and is the best looking Kelloggs set. It has been ignored for a long time by the collecting public, but that is really changing. Where else can you put together a vintage set in high grade for a reasonable cost? As for the condition issue, mint copies are indeed hard to find.

I am in the process of going through a vending lot of 800 cards. I estimate that I will pull in the region of 5-7% that will grade as 9's. Some of those commons are absolute bas tards in 9's. As usual, the stars have been pampered over the years and are readily available in high grade. The commons which have not received the love and attention that the stars warranted have suffered the past 32 years, and attrition through wear and tear has taken it's toll. Let's be honest, this is a very condition concious issue. I recently opened some of the individual packs containing one card each on the sound theory that the cards would be minty. Wrong!, many had scratches, and one even had a large irregular shaped blob of clear plastic, as well as others with the obligatory cracks.

It is with great amusement that we see PSA 10's of this issue, even in such prestigious auction houses as Superior, with starting bids of $50, as if they are hoping to get 100-125 per. When these cards sell in the $300-$600 range, surely they must get the message. As to why this set is not listed in the SMR, does it really make a difference? I'm sure that they will not value these cards at the same levels that the free market dictates. Though, in a way, it would be nice to see a listing in the SMR to give the set the "credibility" that already exists within the collecting community. It would merely reinforce what we already know.

thegemmintman · April 23, 2002 10:50PM

Zardoz - I couldn't have said it better myself. Although the '71 Kellogg's are more rare, the '70 Kellogg's are by far the best in many ways. For over a decade Kellogg's tried to improve on the original '70 issue and never could.

Rbeaton - This may shock you, but I do plan on selling 9's perhaps in the near future,...but not in the traditional manner you might expect (creepy organ music starts playing as everyone tries to figure out what Gemmint means).

Pinhigh - It's Anti Trust groups like yours that make it difficult for an evil collector like myself.

Treetop · April 23, 2002 11:15PM

Kelloggs collectors...........I have some 1971 kelloggs that I'm thinking on getting graded. Some are crack free, but a couple have a slight 1/4" crack, that is very difficult to see, unless you hold up to a magnifier. Do these type cards automatically get a grade of VG-PSA 3, like a card with a crease?

Thanks

thegemmintman · April 23, 2002 11:19PM

Treetop - a tiny crack like the one you're describing kills the grade. Assuming everything else is great, you should expect a PSA 4 or 5.

zardoz51 · April 23, 2002 11:27PM

"Crack Kills"

rbeaton · April 23, 2002 11:30PM

<< <i>Rbeaton - This may shock you, but I do plan on selling 9's perhaps in the near future,...but not in the traditional manner you might expect (creepy organ music starts playing as everyone tries to figure out >>

Well, if you do decide to get rid of some of those, please let me know.

Robert
rbeaton@islinc.com

HalleyGator · April 23, 2002 11:39PM

Maybe he plans on putting them BACK into cereal boxes and selling them at the grocery store??

Treetop · April 23, 2002 11:44PM

Thanks Kelloggs collectors.......looks like the ones with the minor cracks are going no where, but back to the bottomless shoe box in the closet

mikeschmidt · April 24, 2002 1:04PM

I think most sets have ebbs and flows in terms of "ridiculous" prices paid. Even most players do. Sometimes Ruth cards are on fire, sometimes they are not. Same can be said of Mays, Clemente, Koufax, even Mantle.

1970 Kelloggs is very hot right now. Give it time, people will branch to other Kelloggs sets, more will get graded, and you will be fine.

I actually sold three 1963 Fleer PSA 9 commons for a combined $1,600 the other day. Not because I wanted to get rid of them (they are beautiful cards and were great additions to my collection) -- but I think that they are more than fully valued. I can't imagine people continuing to pay over $500 per common in 9 from that set.

Perhaps they will, who knows? It's always tough to say -- but it seems like most sets have high times and low times. What were the reasons you joined the foray to begin with?

gaspipe26 · April 24, 2002 1:27PM

I really dont know much about the Kelloggs issues. I have a few sets of 70 and 71 as well as a 1968 3-D all ungraded. I also believe some have these cracks. I know the 68 3-D's do. The Clemente looks like a broken mirror. I've never paid much attention to them , maybe I'll dig them out. But if there is even the smallest hint of a crack your saying the card is crap? Its a shame. I'll have to look. I also just submitted 10-1970 Supers. I'm a little unsure of how they will grade ,it will be interesting. It seems alot of the smaller issues are getting alot of attention.

zardoz51 · April 24, 2002 7:54PM

Gaspipe

Re: cracking.

Why should you be suprised that a crack on a Kelloggs card would affect the grade so much? It is absolutely no difference to a "regular" cardboard card having a miniscule internal paper wrinkle. Automatic 6 at best. As for a larger crease, slam dunk 4 at best. It's the same with the Kelloggs.

A Snap or a Crack(le) won't get you in the POP

at least if you cull these cracked cards prior to submission. LOL

mikeschmidt · April 25, 2002 9:54PM

Gaspipe-

Your 1968 set is worth some nice $$$, even with cracking. Before a recent find a summer or two ago, the Clemente in PSA 10 is a $25k+ card. So even in the lower grades, it still has significant value due to its rarity...

LuxuryWines · May 5, 2002 10:41PM

Kep,
As someone new to the 70's Kellogg's Set I agree some of those prices are nuts! I mean come on $40+ for a GAry Nolan in PSA 9? But I think you have to look at the fact it is a great set and compared to other 70's sets it has a lot of PSA 9 cards available reasonably priced... I mean where else can you get vintage MAy,Bench and other cards in PSA 9 for under $50. That is what drew me into this set... Unfortunately for those of us trying to complete the set this will drive up price... I already have seen most sellers on EBAY upping the minimum bid from $9.99 to $19.99.Also I always find when you have a lot of new people coming into buying cards (when there is no pricng or limited pricing info available) The prices tend to fluctuate wildly. Just my 2 cents...

zardoz51 · May 5, 2002 11:41PM

Welcome to the board Luxury Wines!

The truth of the matter is that many of those "commons" are tough. I just went through 20 examples of the Nolan out of a vending run. Not one would have garnered a 9.

It's a great set, and yes, there will be fluctuations in the pricing, but that is to be expected of a set that has remained dormant for so long.

1970 Kellogg's Blood Bath

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