"Lucky 7" find - Cobb with Cobb back

CTDean · #1 03-10-2016, 10:27 AM

That's correct. The 1.5 and two 2.5's have sold. The four left are two 2.5's, a 3.5, and the 4.5.

Jdoggs · #2 03-10-2016, 07:00 PM

Quote:

Originally Posted by CTDean

That's correct. The 1.5 and two 2.5's have sold. The four left are two 2.5's, a 3.5, and the 4.5.

The remaining cobbs must be in huge demand.

Bliggity · #3 03-11-2016, 08:29 AM

Looks like the first 3 sold for more than $1 million total.

http://www.sportscollectorsdaily.com...rd-card-sells/

"Of the seven cards in the �Lucky 7� find of T206 Ty Cobb backs announced last week, four remain.

The cards, discovered last month while family members were cleaning up the contents of an old house in the southeastern part of the country, became a national story. Sent to PSA for grading and authentication, they were assigned grades ranging from 1.5 to 4.5 with four of the cards rated 2.5 (G-VG).

Two sold almost immediately and PSA tweeted another sale of a 2.5 on Wednesday. PSA President Joe Orlando says the three cards brought more than $1 million combined.

While we don�t know the prices for the remaining cards, PSA has updated the value of Cobb backs in its price guide.

In its recently published March edition of the Sports Market Report, the value of a PSA 2 Cobb with Cobb back was $195,000. It�s now listed in the company�s online report at $225,000. A 2.5 is given a value of $315,000, a PSA 3 jumped from $250,000 to $375,000 with a 3.5 now at $500,000 and a 4.5 pegged at $750,000.

Those figures would put the value of the find at $2.68 million, although it�s likely the selling prices may be slightly greater than the values placed in the guide."

ullmandds · #4 03-11-2016, 09:49 AM

Quote:

Originally Posted by Bliggity

Looks like the first 3 sold for more than $1 million total.

http://www.sportscollectorsdaily.com...rd-card-sells/

"Of the seven cards in the �Lucky 7� find of T206 Ty Cobb backs announced last week, four remain.

The cards, discovered last month while family members were cleaning up the contents of an old house in the southeastern part of the country, became a national story. Sent to PSA for grading and authentication, they were assigned grades ranging from 1.5 to 4.5 with four of the cards rated 2.5 (G-VG).

Two sold almost immediately and PSA tweeted another sale of a 2.5 on Wednesday. PSA President Joe Orlando says the three cards brought more than $1 million combined.

While we don�t know the prices for the remaining cards, PSA has updated the value of Cobb backs in its price guide.

In its recently published March edition of the Sports Market Report, the value of a PSA 2 Cobb with Cobb back was $195,000. It�s now listed in the company�s online report at $225,000. A 2.5 is given a value of $315,000, a PSA 3 jumped from $250,000 to $375,000 with a 3.5 now at $500,000 and a 4.5 pegged at $750,000.

Those figures would put the value of the find at $2.68 million, although it�s likely the selling prices may be slightly greater than the values placed in the guide."

WOW! I'll admit I was way off in valuing these cards...Amazing!!!!

1952boyntoncollector · #5 03-11-2016, 09:54 AM

the 'cheaper' ones always sell first...

however the fact the cards got bought in a pocket listing as it were versus a MLS listing means to me that there is still more added value again for these waterside property cards..

we are sure to see some of these cards that were bought to be listed with Heritage etc and get a bigger price as everyone will get a chance to get off the sidelines and bid.. ....the issue will be if the same card bought at auction is then listed again, will it go for higher.... but for the first public auction its pretty safe to say the buyers will make a nice profit..

funny how POP goes up and value goes up...

pokerplyr80 · #6 03-11-2016, 06:23 PM

If those three sold for over a mil that's basically half the price of the equivalent graded t206 Wagners. So what would you guys rather have? 2 Cobb backs or 1 Wagner of the same grade?

Joshwesley · #7 03-11-2016, 07:50 PM

Quote:

Originally Posted by pokerplyr80

If those three sold for over a mil that's basically half the price of the equivalent graded t206 Wagners. So what would you guys rather have? 2 Cobb backs or 1 Wagner of the same grade?

Give me 1 Wagner for sure!

#8 03-11-2016, 08:28 PM

Quote:

Originally Posted by pokerplyr80

If those three sold for over a mil that's basically half the price of the equivalent graded t206 Wagners. So what would you guys rather have? 2 Cobb backs or 1 Wagner of the same grade?

2 Cobb backs...one to sell, and add whatever I want, and one to keep.

BBB · #9 03-12-2016, 02:58 PM

Quote:

Originally Posted by 1952boyntoncollector

funny how POP goes up and value goes up...

It is counter intuitive to basic economics until you bring in supply/demand. I would wager that these rarely go up for sale until recently. That makes prices stuck on old sales. Now that a few are getting gobbled up, it both updates the pricing and shows that even w 7 new ones the market is still wildly under supplied .

Sent from my iPhone using Tapatalk

Iron Horse · #10 03-12-2016, 03:05 PM

Considering the quality of the 2.5's and above. It is not surprising if you have the $$$ you would want one of these beauties in your collection. Most of the ones before are beaten up and have creases.

Sean · #11 03-12-2016, 03:15 PM

Quote:

Originally Posted by BBB

It is counter intuitive to basic economics until you bring in supply/demand. I would wager that these rarely go up for sale until recently. That makes prices stuck on old sales. Now that a few are getting gobbled up, it both updates the pricing and shows that even w 7 new ones the market is still wildly under supplied .

Sent from my iPhone using Tapatalk

+1

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