$256 for a PSA 9 Lee Smith RC???

[swarmee]

The difference in those is likely the announcement of Lee Smith going into the Hall of Fame. No shock that a huge group of buyers pushed the price since they now needed the card for their registry sets.

[Yastrzemski Sports]

Surprising. I don’t know if they checked the pop but it’s not low. Almost half of the cards submitted are 9 or 10.

[swarmee]

And there's probably a 1000 of them at PSA right now.

[Peter_Spaeth]

Originally Posted by swarmee

And there's probably a 1000 of them at PSA right now.

The beauty of the market economy at work. Long run this is a $50 card or less IMO.

[Sinker Slider]

Originally Posted by Peter_Spaeth

The beauty of the market economy at work. Long run this is a $50 card or less IMO.

Agreed. Even though it's a fairly high pop even now, only something like 4 or 5 have come to market since the HOF announcement. My guess is that there's some impatience setting in among registry participants. And PSA turnaround times are so slow it may be months before the 1000 hit the market. I put in what I considered to be an absurd bid because of my own impatience and missed by more than $100.

[Peter_Spaeth]

Originally Posted by Sinker Slider

Agreed. Even though it's a fairly high pop even now, only something like 4 or 5 have come to market since the HOF announcement. My guess is that there's some impatience setting in among registry participants. And PSA turnaround times are so slow it may be months before the 1000 hit the market. I put in what I considered to be an absurd bid because of my own impatience and missed by more than $100.

I bought a raw one out of protest lol.

[JustinD]

I doubt 9s get back to the 15-17 dollar mark again, but they should settle into the 35-45 by Christmas or so in my belief. The days of 40-50 dollar 10s are gone, those are likely 100-150 when they settle.

[Peter_Spaeth]

Originally Posted by swarmee

The difference in those is likely the announcement of Lee Smith going into the Hall of Fame. No shock that a huge group of buyers pushed the price since they now needed the card for their registry sets.

Right, you would expect a spike especially as his election was somewhat a surprise, but not of this order of magnitude on an abundant card.