I was at a San Antonio Missions class AA baseball game either in the summer of 1987 or 88. The team sponsored a baseball card show where the dealers were set up in the stadium concourse (not a bad idea, btw). I found a dealer who had a 100-count plastic case of 1986 Fleer basketball cards ranging in price from 15 cents to a dollar. No Jordans but a few Ewing, Barkleys, etc. I offered him $20 for all of them and he was thrilled. So even in the first couple years after they were issued, these cards didn't carry a premium with some collectors.
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