Are some cards too rare for their own good?

[oldjudge]

In answer to Leon’s original question—No. Rarity does not depress price. If there is one Four Base Hit of player X, the card would be worth more than if there were 10 cards of player X. However, as was pointed out above, supply is only half of the value equation. If there is little demand for the series the card is in then even being rare may not translate to much value. Being part of a collected set, especially a really popular set, translates rarity/scarcity into significant value. The T206 Wagner is not a rare card; it is just a scarce card of a popular player in a heavily collected set. Virtually every Old Judge pose is scarcer than the T206 Wagner, but there isn’t one, except maybe the Anson in Uniform, that is in the same zip code for value as the Wagner.
Some cards can be hyped to create enough demand to overcome seemingly adequate supply. The ‘52 Topps Mantle is the poster boy for this. This card isn’t rare; it’s not even scarce. However, the hype, and the registry disease, have made it one of the top few cards in the hobby. Go figure. In some respects, this is a hobby of sheep collecting cards.

[bigfanNY]

In 1989 or 1990 I was at a flea market near lambertville NJ. I found a group of T5 pinkerton cabinets. A few common Philadelphia players A complete Toledo Minor leauge team including Joe McCarthy I think the only card issued of him so Rare. And one C. Winger numbered 1613. A complete outlier. next highest number in set is in the 1100's So numbered 500 after next known T5. Only one ever seen I sent in picture to Beckett and had it cataloged. Value... very little compared to Rarity.

Last year I see a 1949 Sacramento team picture I look close and see it was issued by Sunbeam bread. It was the team giveaway that went along with the 1949 sunbeam postcards also of the Sacramento team. Sunbeam team cards have been in catalogs since the 70's but I had never seen a single one. I asked a number of west coast collectors they said as rare or rarer than bishop team cards. It is in REA now but I don't expect much. But it is as Rare as a card gets.
Jonathan

[Exhibitman]

Originally Posted by oldjudge

the registry disease

Great description! Thanks for the chuckle.

Since this thread originated, marketing has been ever more the driver of prices on cards with good sized populations. Look at the manipulation/bubble we had on so many postwar rookie cards or the way the 1952 Mantle has gone into the stratosphere. Hell, PWCC is one big marketing engine, with its certifications of graded cards.