Quote:
Originally Posted by jason.1969
Now there are two paths forward.
1. Call attention to the scarcity of the card and hope the market responds by doubling its valuation. If so, Cole could see a good profit on his first N sales, but at some point these sales would serve to erode the scarcity. So basically a fail.
2. In a high profile event, destroy all but perhaps the 10 highest grade copies of the card. Now the scarcity is permanent, and Cole holds perhaps 10 of the 15 highest grade copies. Because there are still 300 or so other copies out there, I still don't see enough scarcity to recoup the investment, but I would at least see immortality in the Hobby Lore and perhaps a handful of high-adrenalin sales in the $20K range.
Anyone see vastly different scenarios or outcomes?
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In the coin hobby, you run across specific hoarders now and then. It never, ever, works out for them financially. They may sell the first few at high prices but the market is what it is. They can never sustain it and ultimately lose because the high market prices were caused by the high prices they paid to hoard them and is not something they are ever able to fully recover when selling.