Do we have too many T206 Ty Cobb back in the market now?

[calvindog]

The one that sold last night was purchased before the Lucky Seven find emerged. I’m not surprised the price was down. More supply, less demand.

[rats60]

A PSA 1 sold for 148k earlier this year. This was a better card and sold for 10k less.

[Sean]

Originally Posted by rats60

a psa 1 sold for 148k earlier this year. This was a better card and sold for 10k less.

Attachment 377111

Attachment 377112



This is the card referenced. I believe that five or six have been sold this year, including private sales. That is an amazing number considering that only 23 are known. The price would inevitably decline in the short term because of the large supply. Long term the price should continue to climb, but of course another "find" could greatly affect supply as well.

[chriskim]

This PSA-1.5 was from the Lucky Seven Find.....


From REA:
This card, along with the other six cards from the find, was offered for sale privately by a representative of the family immediately upon the cards' return from professional grading in early 2016. It appeared for the first time at public auction as Lot #1 in REA's Fall 2016 sale, realizing an auction record price of $192,000, on behalf of a collector who purchased it in the first hours of availability following the find. Now, three years later, we are offering it again on behalf of the winner from the 2016 auction. It is our opinion that this find served to increase the stature and value of the T206 Ty Cobb with "Ty Cobb" back in the years following the find, and will continue to do so into the future, as a result of the increased availability of, and increased attention to, this iconic rarity.

Originally Posted by calvindog

The one that sold last night was purchased before the Lucky Seven find emerged. I’m not surprised the price was down. More supply, less demand.

[ullmandds]

IMO...now that there are "a lot" of them on the market as compared to 20-30 years ago...this card has become a "flippers" card. No longer is it a card you hold forever because it is so rare.

Similar to BSF E98...there are so many out there they are "flippers" cards.


It's significantly more common now than many T206 red cobb backs.

[Frank A]

I thought all the T206 cobbs were off. What do you expect with the flood of them in the auction.

[bnorth]

How many are known to exist?

I have one of the 2016 NSCC Promo versions and it will be the closest I will ever come to owning one.

[chriskim]

Originally Posted by bnorth

How many are known to exist?

I have one of the 2016 NSCC Promo versions and it will be the closest I will ever come to owning one.

I think there are less than two dozens known to exist.

[uniship]

Agreed I think pop is about 2 dozen, which is about a third of honus wagner pop.

I don't own this card, but i believe it's just in a little lull, and it will resume upward trajectory in the years to come. It has all the ingredients - and in my opinion it's a top 4 iconic card and that won't change.

Honus
Ty Cobb Back
'16 Ruth rookie
52 Mantle

[Fuddjcal]

Originally Posted by chriskim

This PSA-1.5 was from the Lucky Seven Find.....


From REA:
This card, along with the other six cards from the find, was offered for sale privately by a representative of the family immediately upon the cards' return from professional grading in early 2016. It appeared for the first time at public auction as Lot #1 in REA's Fall 2016 sale, realizing an auction record price of $192,000, on behalf of a collector who purchased it in the first hours of availability following the find. Now, three years later, we are offering it again on behalf of the winner from the 2016 auction. It is our opinion that this find served to increase the stature and value of the T206 Ty Cobb with "Ty Cobb" back in the years following the find, and will continue to do so into the future, as a result of the increased availability of, and increased attention to, this iconic rarity.

Nice fish tale....

[LincolnVT]

I agree that some cards can be too scarce for their own good. The perfect card to have (in my opinion) is one of Cobb or Ruth that hits the sweet spot on the combined pop charts...somewhere in the 20-30 range...available, but just available enough to be chased by people willing to pay a reasonable amount to have the card. The Cobb / Cobb has this going for it. It's a cool card, but unlike some, I've never really focused on rare backs...

[insidethewrapper]

Who is the person who has deemed this a real card ? If I would have presented it to a grading company with a glossy front etc., I'm sure it would have been returned to me as a fake ( unable to grade).

That being said , I wish I had the funds to own one, since I think it is a good buy at it's present price ( that is if no more hoards are found ).

[Leon]

Originally Posted by insidethewrapper

Who is the person who has deemed this a real card ? If I would have presented it to a grading company with a glossy front etc., I'm sure it would have been returned to me as a fake ( unable to grade).

That being said , I wish I had the funds to own one, since I think it is a good buy at it's present price ( that is if no more hoards are found ).

This is always a thought on rare cards. I have firsthand knowledge of it.

.