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Old 09-22-2007, 07:50 PM
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Default Steve Novella's PSA 8 T206 Auctions--A Market Defining Event?

Posted By: T206Collector

<<T206(sorry I forgot your name again)>>

S'okay, I go by T206 on here.

<<These are all familiar refrains from you.>>

They are usually in response to your reliance on pop reports as more than a contemporary indicator of how many of a certain card a certain grading company has graded on a date/time certain. Your posts rely on the flawed assumption that a population report will remain (a) constant for that card; and (b) relevant for that grading company. Because we cannot know how many of which card will be graded by a certain grading company in the future -- or whether that grading company's reputation will be as good or better in the future -- basing purchasing decisions on a pop report is naive -- unless you are looking for a quick flip to a like-minded collector who also is naive about pop reports.

Since PSA 8 sales are driven by 2 or more people that purchase PSA 8 cards based on this same flawed reasoning, it is not surprising that (a) PSA would outperform SGC here; or (b) that an SGC 88 would be crossed immediately into a PSA 8 holder to sell to this crowd. Indeed, Lionel Carter's collection was graded by Mastro through SGC, unless there was a card that would have an impact on the PSA Set Registry, in which case it was graded by PSA -- to specifically target this audience.

If you want to play the Set Registry game in the short term, you may very well be able to take advantage of the demand in that market place. But if you are interested in maintaining a value of $10,000 on a PSA 8 common card based on a pop report, well then, in my opinion you would be better off spending $10,000 on 5 PSA 8 T206 cards with a larger population.

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