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Red1) Graded cards, as Boxing Man correctly points out, command a price that is significantly higher than raw cards. Often times a graded card will sell at 3x to 100x that of ungraded cards in the same condition Only the very old time collectors still actively collect "raw cards"
"Often times a graded card will sell at 3x to 100x that of ungraded cards in the same condition."
Same condition, or same advertised condition? Often the big difference in price is due to the owner's unwillingness to assign an accurate grade to his card.
A graded card has a much better chance of being acceptable to buyers at the advertised condition. The price realized will be higher because the advertised condition will be accurate.
An ungraded card has a much better chance of not being in the advertised condition. The price realized will reflect the true condition of the card judged by what can be seen in the picture. For example, a seller calls a card NM and you can clearly see creases. Or when a seller's lowest grade is VG and all the cards would clearly grade poor.
To somebody who doesn't know any better it would appear that raw cards sell for a fraction of the value of graded cards. If the seller had a rock solid guaranty that his cards would grade at the same grade with SGC or PSA, and all bidders trusted him completely, prices for his raw cards would be much closer to the graded card price.