C46 set

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Posted By: Larry

I understand that a gold/silver dealer from Nevada just paid 30 grand for a raw C46 set in excellent condition from a private collection, minus Lowdermilk and Elston. Seems like a ridiculously high price. Is this a growing trend, where speculators specializing in other fields are increasingly investing in raw vintage?

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Posted By: Steve Murray

Elston is in the set. I don't think Lowdermilk is though.

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Posted By: Larry

Yes, you're right. The other card missing from the set was Louis Brockett and not Louis Lowdermilk. I must have been thinking about the T207 card, especially since both sets are brown in color.

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Posted By: jP

can someone list the more tougher or scarcer cards of this set ? thx

my collection: http://s102.photobucket.com/albums/m95/obaks/

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Posted By: Andrew S.

JP,

I have found that the cards hardest to locate are the first card of O'Hara, the last card of Curtis and the card of Dummy Taylor.
Larry said that he thought the price paid for that set was extremely high, but when considering that one is able to obtain almost the entire set in one fell swoop, perhaps not.
If you think that was a crazy price, a private deal for an entire set of colored silks in NM was recently completed for $100,000, as well as a set of PX7 in NM for $20,000 and neither set had been graded. There is a lot of private wheeling and dealing going on behind the scenes right now and auction houses have no involvement whatsoever.

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Posted By: jP

Andrew thx for the response. I thought that the Carlo card was a hard one to find. It took me a few years to find one. I hadnt seen one floating around in those years unless i was missing them. there may have been one on ebay not too long ago but i think it got snatched up with a buy it now.

those sets you mentioned that were purchased for high amounts, is it possible the buyers intent is to get them graded and possibly make a bigger profit than what was paid ? does getting a complete set graded insure the raise in value ? will it create a higher demand ? after all there are flippers out there.( verdad que si hermano J )





my collection: http://s102.photobucket.com/albums/m95/obaks/

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Posted By: Andrew S.

<is it possible the buyers intent is to get them graded and possibly make a bigger profit than what was paid ? does getting a complete set graded insure the raise in value ? will it create a higher demand ?

JP,

Not sure about higher demand, but the purchaser will likely get them all graded. Although, it would probably take quite some time to realize a profit after paying such a high price. They might have to sit on those sets for years before selling. From what I was told, both sets come belonged to an early 20th century collector. The collection flew under the radar until recently and was supposed to have been even larger than Jefferson Burdick's (which I find hard to believe). Didn't Burdick have nearly one million cards?

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Posted By: Tim Newcomb

I put together a full C46 set from scratch, starting in maybe 2003 and finishing this spring with a flurry on ebay. The Taylor card cost me more than any other, but I wouldn't call it any scarcer than the rest, just higher in demand. I didn't get the sense that any individual cards were less (or more) plentiful than any other-- it's just a matter of higher demand for Gandil, the 2 HOFers, Taylor, etc.

My other conclusion is that somewhere around 2005, the overall supply of this set shrank dramatically and the prices shot up. In 2004 I bought a ton on ebay for less than $10 each-- not no more.

I wonder if someday the collecting community will look back to the 2004-2007 period as being comparable to the point in the mid-1980s when prices took a quantum leap. Or maybe we're in a perpetual boom???

Tim