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  #11  
Old 01-07-2018, 05:42 PM
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Snapolit1 Snapolit1 is offline
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When I was a kid I used to hound my old man about buying the inverted Jenny airmail stamp. (You may know what it is, US airmail stamp with airplane upside down.) In 1971 some lunatic bought a plate block (4) of them for $150,000. At the time it was considered sheer insanity. There were headlines in the paper about the craziness of it. Today it's probably worth north of 5 million. During the same period of time thousands of US stamps that are hoarded away by folks have stayed flat or gone down in value. I am sure the same thing is true with baseball cards.

It's not about overpaying. It's about paying more than anyone else for something that is a genuine scarcity and having the vision that demand for it will grow over time.

Last edited by Snapolit1; 01-07-2018 at 05:48 PM.
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  #12  
Old 01-07-2018, 05:53 PM
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Originally Posted by drcy View Post
Disagree with the sentiments in this thread. The way to wealth isn't via overpaying. Rather a silly notion if you ask me.
I don’t believe this thread is about the “way to wealth” through baseball cards.
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  #13  
Old 01-07-2018, 05:57 PM
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Whenever the topic of what cards are good investments comes up, I mention that it's not just the card but what you pay for it. Paying more than market price, or even at market price, is bad investing practice.

I also think asking "what is a good investment?" is a sign of myopic financial thinking, but that's another topic.

Last edited by drcy; 01-07-2018 at 06:03 PM.
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  #14  
Old 01-07-2018, 06:24 PM
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education is the key to everything, even this hobby!

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  #15  
Old 01-07-2018, 06:38 PM
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Quote:
Originally Posted by mechanicalman View Post
As a VCP record-holder myself on a couple cards, I agree with the sentiment here. One of my hobby mentors once told me that you can't "overpay" for quality cards; you can just pay its future price early.

Of course, I don't believe that applies to all cards, or perhaps even most, but I firmly believe centered HoFers from the most collected pre-war sets should do well. And if they don't, I don't care - they deliver a ton of intrinsic value for me. My retirement is not dependent on my collection.

Edited to add: Steve, your neighbor sounds like a dick. Who wouldn't want someone to pay high in their own neighborhood?
I agree on both points. Many cards are very tough to find with excellent eye appeal for the grade. When one is available it's often worth it to break a record. Any time I've done this I haven't had a problem getting out of the card later.

And I would welcome any neighbor who overpays for a house in my neighborhood. I'm not in real estate, but I'm pretty sure prices are usually based on what comparable homes have sold for. Maybe the guy didn't want his property taxes going up.
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  #16  
Old 01-07-2018, 08:18 PM
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Quote:
Originally Posted by mechanicalman View Post
I don’t believe this thread is about the “way to wealth” through baseball cards.
Yeah, I didn't read that was the topic of the thread either.

Drcy - sometime you simply have to "overpay" according to the market, if I feel its worth it that I am just paying market value. When there are 6 or examples that exist of a card, buying something privately can actually save money as it can blow up in an auction. Glad we disagree...
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  #17  
Old 01-07-2018, 08:39 PM
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Originally Posted by Snapolit1 View Post
Toughest thing about buying anything is that valuations at the upper end of any market always look stupid. Every successful stock always looks overpriced. Google looked like a crappy deal at 100. I remember when Amazon was 25 and pundits were saying steer clear.

In 1999 I sold a condo in NYC for way more than I bought it for. I thought the buyers were insane. I felt guilty at the closing. That condo is now worth 5 x what I sold it for.

I then bought a house in the burbs. Everyone told me we really overpaid. One of my new neighbors drove buy rolled down car window and started mocking me for what I paid. Now of course it is worth way more.

Everything I have ever bought in my life that I was convinced I really overpaid for turned out to be a smart move. And almost everytime I went the cheap route it fell flat. (Cars are the exception, because they are always a waste of money and not an investment.)

Not saying every card is going to appreciate in value. But be careful before you laugh at the stupid price some guy just spent on a Goudey Ruth or Ruth rookie. 5 years from now will probably be higher.
+1 - it’s rather quite simple...buy premium Babe Ruth memorabilia because today’s retail is typically tomorrow’s wholesale!

Last edited by Vintageclout; 01-07-2018 at 08:44 PM.
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  #18  
Old 01-08-2018, 09:20 AM
itslarry itslarry is offline
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Quote:
Originally Posted by pokerplyr80 View Post
I agree on both points. Many cards are very tough to find with excellent eye appeal for the grade. When one is available it's often worth it to break a record. Any time I've done this I haven't had a problem getting out of the card later.

And I would welcome any neighbor who overpays for a house in my neighborhood. I'm not in real estate, but I'm pretty sure prices are usually based on what comparable homes have sold for. Maybe the guy didn't want his property taxes going up.
Bingo on the house. If you aren't going to sell, why in the world would you want higher taxes.
My parents pay more in taxes the the house cost 35yrs ago. Sure uses to make him cranky tax time.
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  #19  
Old 01-12-2018, 10:30 AM
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Originally Posted by itslarry View Post
Bingo on the house. If you aren't going to sell, why in the world would you want higher taxes.
My parents pay more in taxes the the house cost 35yrs ago. Sure uses to make him cranky tax time.
As for taxes, Ag exemption is the way to go ....Ya' just have to fit the mold. At a house we own, nearby, we lease 3 acres to someone raising sheep so those 3 acres are ag exempt for tax purposes. And for where we live, in Texas it's 6 acres and 6 beehives to be an apiary. Love helping nature and me at the same time. (see Texas guidelines for an agricultural exemption). Oh, what were we talking, value? I say, diversify and buy wisely. And Cards CAN be an investment but it's risky too.
Every thread needs eye candy. Happy Collecting....



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  #20  
Old 01-12-2018, 10:38 AM
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I would happily put a few alpacas in my backyard if I could swing a tax deduction. But I've heard they are nasty and not much fun.

Last edited by Snapolit1; 01-12-2018 at 10:38 AM.
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