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It's just easier to take a chance on something like baseball cards right now because....what the hell. I'm not gonna earn money putting it in the bank. If you have cash, what's the point of buying a 6 month cd? Interest rates on savings accounts are basically zero, and have been for years. Interest rates on Ty Cobb and Babe Ruth > 0.
....until the next MLB work stoppage, that is. People are also buying classic pickup trucks right now too. Unfortunately, I don't have enough room in my garage. I wonder how coins are doing? Screen Shot 2019-01-19 at 7.03.37 AM.jpg Last edited by SAllen2556; 01-19-2019 at 05:39 AM. |
#2
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Definitely a significant herd mentality. People start chasing cards that they hear other people are chasing. Jackie's Bond Bread a year or two ago. Shouldn't really be surprising. Human nature. People do it with stocks, real estate, cars, vacation homes, vacation destinations, colleges. Figure others know something you don't and you jump on the bandwagon.
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Now that you both said it, me too.
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An$on Lyt!e |
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You can get ~2.4% for a 6 month CD at a place like Schwab, Citi etc. Keeps up with inflation at least. Last edited by silvor; 01-19-2019 at 09:34 AM. |
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I don't think we can group the Bond Bread Jackie portrait as a herd thing. i believe that the impetus for that card's rise was the research recently published that demonstrated it was a true rookie card. At that point a lot of collectors realized that a fairly difficult and somewhat obscure card was a very attractive rookie card of a major historical figure. Kinda like what happened when the evidence was arrayed that photo-matched Joe Jackson into a T202 action image.
Now, in terms of postcards and Exhibit cards, people are waking up to the fact that attractive career-contemporary cards of the greats can be had for a fraction of the price of T or R cards, even now when there has been some price rise.
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Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... Last edited by Exhibitman; 01-19-2019 at 10:20 AM. |
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