First off, this latest phenomenon of skyrocketing high-grade rookie cards from the '50's and '60s makes leaves me highly skeptical. I can recall the superficial manipulation of silver prices in the late 1970's by the Hunt brothers and there was another event in the mid-90's where modern rookie cards were being horded and re-sold on the early days of the internet by a group of dealers that also ended badly. Obviously, some unknown person or persons are jacking up the prices of these cards and it's not the natural progression of hobbyists at-large.
I also have a great distrust for anything associated with PSA. These ridiculously high prices will only bring more scammers out of the woodwork and will only elevate the frequency of card altering, card restoration, phony holders and flips, questionable bump-ups among many of the well-documented PSA-related scandals.
So in the final analysis, it's the label and the holder that's the commodity - not the card and that's not a good thing.
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"The only thing necessary for the triumph of evil is for good men to do nothing." - Edmund Burke
"It's easier to fool people than to convince them that they have been fooled." - Mark Twain
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07-04-2016, 08:32 AM
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