Will this stock market madness affect cards?

[Dpeck100]

Originally Posted by MULLINS5

Two of the four of those are PWCC and their data cannot be trusted. The other two were a one bid and a BIN, which too are not very good examples.

You have been a sky is falling guy for the ten years I have been online.

I have been very bullish on cards and I am quite comfortable with my track record.

[Frank A]

Gold and silver have been thought to be a great investment for years. Gold and silver have not moved in price for many years. Up a few dollars, down a few dollars. Baseball cards however have continued to climb. I'll stay with cards. Frank

[MULLINS5]

Originally Posted by Dpeck100

You have been a sky is falling guy for the ten years I have been online.

I have been very bullish on cards and I am quite comfortable with my track record.

My words may have been misconstrued, but I've never been a sky is falling kind of person (not that there's anything wrong with people like that). Not in hobbies or life in general. Trading cards for me is a hobby. I am a collector. Not an investor, meaning I don't go into a sale hoping the card goes up in value. Future prices have no impact in my buying.

Given all that's come out in the past couple years (been out there longer, but really coming to light thanks to BODA) regarding illegal shilling and fraudulent grading, why pay (fake) premiums for manufactured (low pop) rarity?

[Goudey77]

All the negative energy contributes very little to these forums. Please don't be a hobby justice warrior. This is not about taking a stance on either side. This is a hobby not politics. We are all adults and can make our own decisions. If you are a true collector you could understand that perspective.

Originally Posted by MULLINS5

My words may have been misconstrued, but I've never been a sky is falling kind of person (not that there's anything wrong with people like that). Not in hobbies or life in general. Trading cards for me is a hobby. I am a collector. Not an investor, meaning I don't go into a sale hoping the card goes up in value. Future prices have no impact in my buying.

Given all that's come out in the past couple years (been out there longer, but really coming to light thanks to BODA) regarding illegal shilling and fraudulent grading, why pay (fake) premiums for manufactured (low pop) rarity?

[samosa4u]

I bid on seven items last night and lost all of them. People are still going nuts over cards. The only way they will stop is when this starts happening outside:

[1880nonsports]

there are a number of you I would prefer stand many more than 6 feet away from me...……….

[Touch'EmAll]

Thank goodness I like nice vintage cards so much. If I didn't, I would have much more in the stock market. Whew!

[GaryPassamonte]

Originally Posted by 1880nonsports

there are a number of you I would prefer stand many more than 6 feet away from me...……….

Henry- I couldn't agree more.

[TNP777]

Originally Posted by 1880nonsports

there are a number of you I would prefer stand many more than 6 feet away from me...……….

This is worth quoting again.

[MULLINS5]

Originally Posted by Goudey77

All the negative energy contributes very little to these forums. Please don't be a hobby justice warrior. This is not about taking a stance on either side. This is a hobby not politics. We are all adults and can make our own decisions. If you are a true collector you could understand that perspective.

Goudey77 -

No negative energy. Just facts.

Not being a "hobby justice warrior" lol.

Not taking a stance, on either side.

Nobody is bringing politics into this, smh.

Yes, all adults (I think). We make our own decisions.

I believe, totally just my opinion, "true collectors" are those who collect purely for the fun of the hobby and don't have a dime at stake.

[japhi]

Originally Posted by Dpeck100

You have been a sky is falling guy for the ten years I have been online.

I have been very bullish on cards and I am quite comfortable with my track record.

Well ya, an 11 year bull run fuelled by QE and debt has made most bulls look good. Let’s see how all assets perform when cash dries up and people start losing their jobs.

Fwiw I think the underlying fundamentals are decent. And that when demand comes back, the recovery will be dramatic. I am in buy mode myself ( not cards, equities). But this summer is going to be brutal and recession is a guaranty. Don’t underestimate how much of consumer spending is debt financed - HELOCS, credit cards. People are soon to find out they are not as rich as they thought.

[Dpeck100]

Originally Posted by japhi

Well ya, an 11 year bull run fuelled by QE and debt has made most bulls look good. Let’s see how all assets perform when cash dries up and people start losing their jobs.

Fwiw I think the underlying fundamentals are decent. And that when demand comes back, the recovery will be dramatic. I am in buy mode myself ( not cards, equities). But this summer is going to be brutal and recession is a guaranty. Don’t underestimate how much of consumer spending is debt financed - HELOCS, credit cards. People are soon to find out they are not as rich as they thought.

My two major calls were that wrestling cards and specifically the Wrestling All Stars would explode and Mike Tyson cards would too. I bet significantly on this and in both cases good ole Patrick suggested I was crazy.

I agree that a long term run in markets has helped pump up lots of things but the move is far from over longer term in my view. There are loads of people like me in their 40's that will continue to want to own things they like and that remind them of their childhood.

It has been nice to see Gary V speaking so highly of the wrestling cards of late and they have taken another big leg up in many cases. There isn't enough supply in general and certainly not in high grades. I remain optimistic and my finances don't revolve around them at all so I am fine either way.

[gabrinus]

When the stock market hits zero I am buying everything...Jerry

[MULLINS5]

Originally Posted by Dpeck100

My two major calls were that wrestling cards and specifically the Wrestling All Stars would explode and Mike Tyson cards would too. I bet significantly on this and in both cases good ole Patrick suggested I was crazy.

I never bet against you on those cards.

You purchased nearly all of the supply of Wrestling All-Star cards (an obscure, unpopular set at the time) and then spammed the living hell out of them for years on the Collector's Universe forums - even when the majority begged you to stop (even though I defended you at the time). You even said that you intentionally bid on these cards to maintain their values and hype - but if you won the auction intended to pay so it wasn't shilling. It's also a set that was made, literally, in a guy's basement and I don't see how anybody can tell the difference between these and fakes (think Star Basketball). I held PSA at high esteem at the time and even had doubts then - given what's been uncovered lately I am of a string opinion they do not have the resources to accurately grade or authenticate these.

[Dpeck100]

Originally Posted by MULLINS5

I never bet against you on those cards.

You purchased nearly all of the supply of Wrestling All-Star cards (an obscure, unpopular set at the time) and then spammed the living hell out of them for years on the Collector's Universe forums - even when the majority begged you to stop (even though I defended you at the time). You even said that you intentionally bid on these cards to maintain their values and hype - but if you won the auction intended to pay so it wasn't shilling. It's also a set that was made, literally, in a guy's basement and I don't see how anybody can tell the difference between these and fakes (think Star Basketball). I held PSA at high esteem at the time and even had doubts then - given what's been uncovered lately I am of a string opinion they do not have the resources to accurately grade or authenticate these.

I will let you remember the events how you do and how I do.

The good news for me is it all worked out great.

[MULLINS5]

Originally Posted by Dpeck100

I will let you remember the events how you do and how I do.

The good news for me is it all worked out great.

They're preserved on Collector's Universe. I believe you said you bid up 80% of the most recent sale of the card, not necessarily to win. If you win, you pay, no foul. Something along those lines.

I don't have to worry about whether or not something holds value, and that is good news for me.

[Goudey77]

Patrick I admire that collectors mindset. It’s what fuels us all since we were kids.
We all have a unique approach and point of view to our collections.
Why the tit for tat to air out what’s been said...
Let’s get this thread back on track.

Originally Posted by MULLINS5

They're preserved on Collector's Universe. I believe you said you bid up 80% of the most recent sale of the card, not necessarily to win. If you win, you pay, no foul. Something along those lines.

I don't have to worry about whether or not something holds value, and that is good news for me.

[Dpeck100]

Originally Posted by MULLINS5

They're preserved on Collector's Universe. I believe you said you bid up 80% of the most recent sale of the card, not necessarily to win. If you win, you pay, no foul. Something along those lines.

I don't have to worry about whether or not something holds value, and that is good news for me.

Go read them and have fun. Every once in awhile I will read one and crack myself up.

Good for you. Enjoy your collecting and I will too. I love having cards that have gone up. Anyone who says they don't is just fooling themselves.

[samosa4u]

Originally Posted by MULLINS5

I never bet against you on those cards.

You purchased nearly all of the supply of Wrestling All-Star cards (an obscure, unpopular set at the time) and then spammed the living hell out of them for years on the Collector's Universe forums - even when the majority begged you to stop (even though I defended you at the time). You even said that you intentionally bid on these cards to maintain their values and hype - but if you won the auction intended to pay so it wasn't shilling. It's also a set that was made, literally, in a guy's basement and I don't see how anybody can tell the difference between these and fakes (think Star Basketball). I held PSA at high esteem at the time and even had doubts then - given what's been uncovered lately I am of a string opinion they do not have the resources to accurately grade or authenticate these.

Whatever he did, he turned a piece of turd into a piece of gold, and that's brilliant IMO. Good job, Peck.

[MULLINS5]

Originally Posted by samosa4u

Whatever he did, he turned a piece of turd into a piece of gold, and that's brilliant IMO. Good job, Peck.

It's actually pretty easy to do. I've seen it happen quite a bit in the antiquarian book world.

[drcy]

A key reason they are doing the steps they are doing is not because it's the black plague. They are doing it to lower and lengthen the curve. If there is a large peak, it would swamp the healthcare system, hospitals and hospital resources.