WHY ARE CARDS SELLING WAY BELOW SMR?

judgebuck · October 24, 2008 9:36AM

I'm seeing: 1) a lot of sports cards selling way below their SMR estimated value, and 2) fewer auction listings for the more expensive cards like PSA 4s, 5s, or 6s of Ruth, Gehrig, Cobb, DiMaggio, etc. Why? The economy?

lsutigers1973 · October 24, 2008 9:41AM

Die dead horse! Die!

TheVon · October 24, 2008 9:44AM

StopYurWhining · October 24, 2008 9:45AM

i blew all money money on hookers and booze. no $$ for cards these days.

judgebuck · October 24, 2008 9:47AM

Sorry, guys, for bringing this up. Guess you can tell that I don't stay on the board often.

storm888 · October 24, 2008 9:52AM

Economy bad.

CASH good.

Bad time to sell cards.

swartz1 · October 24, 2008 9:53AM

no need to apologize...

rube26105 · October 24, 2008 9:59AM

<i blew all money money on hookers and booze >

you too????????????????

MBMiller25 · October 24, 2008 10:29AM

I would disagree making a blanket statement that cards are selling well below SMR. High Grade cards are selling WELL above SMR and VCP averages and in some cases, setting VCP high's for the grade. Off the top of my head over the last ten days:

1. 1969 Reggie Jackson PSA 8 sold for $888
2. 1959 Bob Gibson PSA 8 sold for $902.53
3. 1967 Tom Seaver PSA 8.5 sold for $1550.00
4. 1954 Ernie Banks PSA 8 sold for $2411.56

I would say that the high end vintage market is in very good shape or maybe its just the cards I am trying to acquire are going for a premium.

judgebuck · October 24, 2008 12:23PM

You know, I do agree with you that my blanket statement that all cards are selling below their SMR estimated value is not 100% accurate. I do see many nice cards go for over their book value. But, I see many more, especially less than $100 vintage cards go below book. For example, I've been looking at 1961 Topps baseball minor HOFers like Gibson, Drysdale, Mathews, Musial, Banks, etc., in PSA 7, and they have been selling for less, and considerably less in some instances, than book value. As for the higher dollar vintage cards, it just seems like I don't see as many quality cards, such as 1933 Goudey Ruth #53 or #149 or T206 Cobb green listed for auction in PSA 4, 5, or 6, as I did several months ago. Many nice cards like these are now listed, it seems, with Buy It Now and not straight out auction.

judgebuck · October 24, 2008 12:25PM

I might add that the cards you mentioned as going above book were PSA 8. The PSA 7's and 6's and 5's seem to go below book many times. Thanks for your thoughts.

lsutigers1973 · October 24, 2008 12:32PM

I would have to assume that the MSLive cashback has had a significant impact on the realized prices of some higher end graded cards.

MBMiller25 · October 24, 2008 1:37PM

I would agree with you Bill, but the 4 auctions I stated were all straight up auctions, with NO BIN.

SidePocket · October 24, 2008 2:10PM

I WISH they were going for way below SMR

lsutigers1973 · October 24, 2008 2:31PM

It's either Boopotts or Obamas fault.

Griffins · October 24, 2008 2:36PM

SMR is antiquated and not based on any reality. VCP value is the product of realized sales.
Suggest you throw out SMR and stop letting it mislead you.

SidePocket · October 24, 2008 2:42PM

"It's either Boopotts or Obamas fault. "

LSU you are too funny -

hey, you're probably right!

rube26105 · October 24, 2008 6:52PM

i like it

fur72 · October 24, 2008 9:16PM

Its is a buyers market. I am slowly but surely putting together a set I though I would never be able to go after. Of course when I lose my job ill have plenty of time to look at them.....

alnavman · October 24, 2008 10:27PM

<< <i>Its is a buyers market. I am slowly but surely putting together a set I though I would never be able to go after. Of course when I lose my job ill have plenty of time to look at them..... >>

I agree...in fact I'm retired and have been admiring my cards...however I had to find a part time job so I could list some items on ebay...couldn't afford the listing fees and buyer premiums anymore

TheHun · October 24, 2008 11:06PM

<< <i>

<< <i>Its is a buyers market. I am slowly but surely putting together a set I though I would never be able to go after. Of course when I lose my job ill have plenty of time to look at them..... >>

I agree...in fact I'm retired and have been admiring my cards...however I had to find a part time job so I could list some items on ebay...couldn't afford the listing fees and buyer premiums anymore >>

now THAT'S funny .... oh wait ... you aren't kidding ... its not so funny .... oh well - I'm off to job number 3. (handing out flyers for ebay at 10 cents a flyer)

RedHeart54 · October 25, 2008 1:08AM

On the other hand these 1969 Lou Brock PSA 8s sold well below the $700-$1000 they usually bring (the higher figure for well centered copies.)

This one was really nicely centered.
Brock 1

This isn't bad but it's a little toward the top and there might be a slight tilt.
Brock 2

SDavid · October 25, 2008 2:35AM

High grade 69 Brock's are like low pop commons - their value is expected to drop steadily as the pops increase. This is why people shouldn't pay huge premiums for low pop post-war cards unless they can afford to lose most of what they spend.

diamondman · October 25, 2008 3:56AM

I think the economy is part of the reason, I think a small part is due to VCP prices realized. because everyone wants the card cheaper than what the last person got it for, not taking into consideration the centering color, ect ect. PSA is part of the problem too because of the new grading system of 1/2 point grades. Ebay is also part of the problem with higher fees, where your item is listed based upon your DSR, ect ect. SO in Ending I blame everyone except myself, the booze and the Hookers.

rube26105 · October 25, 2008 4:11AM

DeutscherGeist · October 25, 2008 8:49PM

What is VCP?

judgebuck · October 25, 2008 10:47PM

Yeah, what is VCP? I'm not familiar with it either.

judgebuck

PoppaJ · October 25, 2008 11:18PM

VCP

rube26105 · October 26, 2008 12:08AM

<WHY ARE CARDS SELLING WAY BELOW SMR>
no gum

WHY ARE CARDS SELLING WAY BELOW SMR?

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