That T206 Life: "Does the Huge Price Tag for the T206 Magie Error Make Sense?"

[steve B]

Originally Posted by T206Collector

A couple of other things to remember about relying on population reports of grading companies --

1. People will have every single "Magie" in existence graded, often more than once, which causes a perception of abundance.

2. Not everyone will have a Magee portrait EPDG graded, regardless of condition.

That's a big part of it.

There was a stretch where I was looking at pop reports (And yes, they're flawed so can only give a general idea of what's common and uncommon)
What I saw in T206s was that the HOF players were generally twice as common as a similar common. The only reason that makes much sense is that people grade them more often.

There are some really tough cards, even in some of the common backs.

Steve B

[JustinD]

My personal opinion:

I refuse to put credence in pop reports ever and the 52 Mantle in my mind will always crush the scarcity equals value argument as there are no less than 25 for sale any day of the week.

Value is in demand and collectors minds.

[MVSNYC]

Justin, but there's more than 25 people who want a 52 MM.

High supply, I supppse...but even greater demand.

Re: Magie, its one of the hobby's most important error cards...greatest error, in the greatest set = high dollars.

[tennisguy]

Originally Posted by MVSNYC

Justin, but there's more than 25 people who want a 52 MM.

High supply, I supppse...but even greater demand.

Re: Magie, its one of the hobby's most important error cards...greatest error, in the greatest set = high dollars.

Absolutely agree regarding the Magie.

[Jeffrompa]

Originally Posted by tennisguy

Absolutely agree regarding the Magie.

+1

Traditionally it's a highly sought after item .

[HobokenJon]

Luke wrote a fact-driven, contrarian article that bucked conventional wisdom and was surgical in its analysis. The rebuttals I've seen here so far espouse conventional wisdom and not much else.

Tell me something I don't know -- like where one can find another Magee portrait with an Old Mill back. There's always a Magie error card for sale.

[swarmee]

The conventional wisdom in this case is correct. The Venn diagram of Master Set T206 collectors or Magee back run T206 or even graded T206 collectors is a much smaller circle inside the giant circle of T206 collectors overall.
When people talk about the complete set of 524, "Magie" and "Magee" portraits are both on their list. Magee/OM is not on their lists. Magee Portrait is on their list. The backs are mostly substitutable.
A more interesting look, IMO, would be strictly comparing grades of 50/4 graded cards and above. These are the types of cards that people would send in for commons for set registry or resale purposes. Rarities and HOFs would be sent in that just grade AUTH for confirmation that they're real. "Common" players would more rarely be graded at the collector level, since many of those collectors prefer to keep them raw and store in binders.

[T206Collector]

++Tell me something I don't know -- like where one can find another Magee portrait with an Old Mill back.++

Here's what happens. I have lots of Old Mills in my collection. No idea who the fronts are. I may be sitting on a gold mine I guess.

A "Generic Collector" finds Magee card in his collection. Looks up value. Sees he has he common Magee version. Puts it back in the shoe box. Did it have an Old Mill back? Who knows. Most people don't care very much and so they never find their way to market.

A lot of this kind of scarcity to me is based on indifference / ignorance.

Piedmont Factory 42 is the best example.

[egbeachley]

Originally Posted by HobokenJon

Luke wrote a fact-driven, contrarian article that bucked conventional wisdom and was surgical in its analysis. The rebuttals I've seen here so far espouse conventional wisdom and not much else.

I guess you consider me conventional in my wisdom. I want a Magie error and don't care about getting a Magee Old Mill.