I'm on year 13 of collecting Old Judge cards and before that I spent a good seven years buying them here and there and learning about the set. I can say that the post by Cy sounds like he is talking about a set I've never even heard about, possibly in a different hobby altogether. I have no idea what he is talking about, Willis.
When you have a set full of commons that cost around $200 each with nice pictures and Hall of Famers and rare cards cost a lot more, it's tough to spend $5,000 on one common player, so the already small collecting pool for the set gets even smaller. If you can get a psa2/sgc30 that looks just as nice, but has back damage on a blank back, for a small fraction of the price, why would you not take it?
I'd rather have 25 commons in psa2 with nice pics, than one psa8. Some people would rather have the nicer card, to each his own, but that doesn't mean there is a small group of collectors for high grade old judge cards. That is what keeps the prices at a normal level most of the time, no competition, no people running the prices up on each other
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