NonSports Forum

Net54baseball.com
Welcome to Net54baseball.com. These forums are devoted to both Pre- and Post- war baseball cards and vintage memorabilia, as well as other sports. There is a separate section for Buying, Selling and Trading - the B/S/T area!! If you write anything concerning a person or company your full name needs to be in your post or obtainable from it. . Contact the moderator at leon@net54baseball.com should you have any questions or concerns. When you click on links to eBay on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network. Enjoy!
Net54baseball.com
Net54baseball.com
ebay GSB
T206s on eBay
Babe Ruth Cards on eBay
t206 Ty Cobb on eBay
Ty Cobb Cards on eBay
Lou Gehrig Cards on eBay
Baseball T201-T217 on eBay
Baseball E90-E107 on eBay
T205 Cards on eBay
Baseball Postcards on eBay
Goudey Cards on eBay
Baseball Memorabilia on eBay
Baseball Exhibit Cards on eBay
Baseball Strip Cards on eBay
Baseball Baking Cards on eBay
Sporting News Cards on eBay
Play Ball Cards on eBay
Joe DiMaggio Cards on eBay
Mickey Mantle Cards on eBay
Bowman 1951-1955 on eBay
Football Cards on eBay

Go Back   Net54baseball.com Forums > Net54baseball Main Forum - WWII & Older Baseball Cards > Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions

Reply
 
Thread Tools Display Modes
  #1  
Old 02-08-2021, 12:51 PM
DanP's Avatar
DanP DanP is offline
Dan Paradis
Member
 
Join Date: Apr 2009
Location: Southington, CT
Posts: 946
Default

Quote:
Originally Posted by JohnnyKilroy View Post
I use this as another indicator that there’s still growth. I have similar experiences when I mention spending big money on cards... I get the weird look like “you spend 15K on a piece of cardboard??”. The everyday people may not want to invest in cards, but until the day comes where I mention baseball cards and they answer with “oh yeah, I’ve heard a lot of people doing that”.. I think there’s still time. We aren’t quite at the “Stock tips from the shoeshine boy” yet.
I have a friend who says the same thing. I reminded him he spent $30k on a rock (ancient gold coin) but WHAT IS THE DIFFERENCE? Neither will feed you if you are starving. Both are only worth what someone is willing to pay. I could argue that it's easier to liquidate my card collection than for him to sell his coin (I think, guessing since his coin is not graded).
__________________
Dan
Reply With Quote
  #2  
Old 02-08-2021, 01:28 PM
cardsagain74 cardsagain74 is offline
J0hn H@rper
Member
 
Join Date: Dec 2019
Posts: 921
Default

Quote:
Originally Posted by DanP View Post
I could argue that it's easier to liquidate my card collection than for him to sell his coin
The liquidity of the new digital marketplace benefits collectibles so, so much. Back in the junk wax era and before, a dealer could have stuff like a 1961 Topps Al Kaline sit in his display forever unless it was highly discounted (especially at small town card shows).

Now, you just auction it off on ebay and get paid what it's worth whenever you want.
Reply With Quote
  #3  
Old 02-08-2021, 03:35 PM
joshuanip's Avatar
joshuanip joshuanip is offline
Joshua
Member
 
Join Date: Nov 2017
Location: Los Angeles
Posts: 553
Default

Quote:
Originally Posted by cardsagain74 View Post
The liquidity of the new digital marketplace benefits collectibles so, so much. Back in the junk wax era and before, a dealer could have stuff like a 1961 Topps Al Kaline sit in his display forever unless it was highly discounted (especially at small town card shows).

Now, you just auction it off on ebay and get paid what it's worth whenever you want.
The digital marketplace helps, but to take it to the next level, we need to reduce transaction costs. This will never happen and a little crazy talk, but a page from the stock market, if we can get critical mass in a central repository, then we can reduce storage/transaction costs as a whole, and with a card depository, you don’t have the escrow issues we have right now, which will bypass the 10-20% juice we give to auction houses.

Basically it would be the pwcc vault, with a significantly reduced maintenance fees to scale up, and when an investor wants to sell his card, he can sell it in a marketplace or auction format for a much smaller nominal fee. Say flat fee instead of percentage. The buyer has the right to demand settlement upon purchase and pay shipping, or keep the card in the repository fee free for a year...
Reply With Quote
  #4  
Old 02-08-2021, 04:04 PM
Exhibitman's Avatar
Exhibitman Exhibitman is offline
Ad@m W@r$h@w
Member
 
Join Date: Apr 2009
Location: Beautiful Downtown Burbank
Posts: 13,988
Default

BST the bitch and save the vig.

The price rises are fueling the momentum in a true FOMO cycle. The cards I am tracking are not the five and six figure headliners but they are setting price records every day. A card I thought of as a reasonable buy at $500 in October is a steal at $1500 today.
__________________
Read my blog; it will make all your dreams come true.

https://adamstevenwarshaw.substack.com/

Or not...

Last edited by Exhibitman; 02-08-2021 at 04:06 PM.
Reply With Quote
  #5  
Old 02-08-2021, 07:41 PM
conor912's Avatar
conor912 conor912 is offline
C0nor D0na.hue
 
Join Date: Feb 2012
Posts: 3,282
Default

Quote:
Originally Posted by Exhibitman View Post
BST the bitch and save the vig.
I think we just found the new Net54 tshirt slogan.
__________________
Items for sale or trade here UPDATED 3-16-18
Reply With Quote
  #6  
Old 02-08-2021, 07:06 PM
cardsagain74 cardsagain74 is offline
J0hn H@rper
Member
 
Join Date: Dec 2019
Posts: 921
Default

Quote:
Originally Posted by joshuanip View Post
The digital marketplace helps, but to take it to the next level, we need to reduce transaction costs. This will never happen and a little crazy talk, but a page from the stock market, if we can get critical mass in a central repository, then we can reduce storage/transaction costs as a whole, and with a card depository, you don’t have the escrow issues we have right now, which will bypass the 10-20% juice we give to auction houses.

Basically it would be the pwcc vault, with a significantly reduced maintenance fees to scale up, and when an investor wants to sell his card, he can sell it in a marketplace or auction format for a much smaller nominal fee. Say flat fee instead of percentage. The buyer has the right to demand settlement upon purchase and pay shipping, or keep the card in the repository fee free for a year...
The transaction costs are a major issue and often really overlooked (especially during a raging markets), but I can't imagine the logistics of a central depository being feasible for cards. And even if it were, most people like to have big parts of their collection in hand to look at.

I always thought the best chance of solving the problem was simply forums like this becoming huge. If the traffic at places like this got anywhere near even 1/3 to 1/2 of ebay levels, we'd really have something.

Last edited by cardsagain74; 02-08-2021 at 07:06 PM.
Reply With Quote
  #7  
Old 02-08-2021, 07:43 PM
JollyElm's Avatar
JollyElm JollyElm is online now
D@rrΣn Hu.ghΣs
Member
 
Join Date: Aug 2011
Location: Cardboard Land
Posts: 8,194
Default

With the big guys (especially Mantle, duh!), I believe the prices are here to stay and up, up and away they will continue to go. Sure, some of the less valuable and more overproduced cards will decline, but I don't see any sort of market-wide drop in cards of the all-time-greats ever coming. Now, when you see the ridiculous prices being asked for lesser HOF'ers and whatnot, etc., that thing is unsustainable!!! No way that's ever going to last.
__________________
All the cool kids love my YouTube Channel:
Elm's Adventures in Cardboard Land

https://www.youtube.com/@TheJollyElm

Looking to trade? Here's my bucket:
https://www.flickr.com/photos/152396...57685904801706

“I was such a dangerous hitter I even got intentional walks during batting practice.”
Casey Stengel

Spelling "Yastrzemski" correctly without needing to look it up since the 1980s.

Overpaying yesterday is simply underpaying tomorrow.
Reply With Quote
  #8  
Old 02-08-2021, 04:26 PM
jchcollins's Avatar
jchcollins jchcollins is offline
John Collins
Member
 
Join Date: Jan 2015
Location: NC
Posts: 3,598
Default

Quote:
Originally Posted by cardsagain74 View Post
The liquidity of the new digital marketplace benefits collectibles so, so much. Back in the junk wax era and before, a dealer could have stuff like a 1961 Topps Al Kaline sit in his display forever unless it was highly discounted (especially at small town card shows).

Now, you just auction it off on ebay and get paid what it's worth whenever you want.
Exactly. In the 21st century we finally have the technology to make hobby markets work efficiently. Very similar to my example of being a kid in 1987 - I'd see some card I wanted (maybe even if it was just a cool looking common...) in Beckett or Baseball Cards Magazine. Then I'd have to wait months to go to a show near me. Then at the show, 50/50 chance if it was something slightly nobody there would have the card anyway.

With the advent of eBay, not only can I find that card - I can decide I want it at 10 pm, then go online and there are likely a dozen or more of them at my fingertips that can be here next Tuesday. Trust me as an introverted kid growing up the late 80's and early 90's - for all it's problems - eBay and online selling is quite literally a dream come true. Oh! And then there were all those old MAD magazines I could never find...
__________________
Postwar stars & HOF'ers. Currently working on 1956, '63 and '72 Topps complete sets.

Last edited by jchcollins; 02-08-2021 at 05:30 PM.
Reply With Quote
  #9  
Old 02-08-2021, 05:11 PM
kailes2872's Avatar
kailes2872 kailes2872 is offline
Kev1n @1les
Member
 
Join Date: Feb 2014
Location: Pittsburgh Area
Posts: 772
Default

Quote:
True. I think the stimulus plays very little part in this.
I am not an economist and every time I try to play one on TV, I get smacked down by someone who actually knows what they are talking about, so forgive me...

But, it seems like QE and the money printing is a stimulus for the (semi)wealthy. My investment portfolio was down 42% on March 23rd last year. Since then, my investments (and net worth) have more than doubled. Based on income, I don't qualify for the $2,000. But it seems that I get the a 10x factor of that benefit every time they juice the economy with more money. This could be just coincidental, but that money feeds the market and it feeds corporate earnings and that drives valuations.

I make a nice living with a paid off house and college saved, so I should be one of those people that are being described that are buying into the market. However, I bought one card in 2020 and just track auctions and prices so far this year. I have a memory of 2012-2015 prices and my mind won't seem to ever let me pull the trigger anymore. So the person buying the PSA 7 Mantle must be playing in a different stratosphere and considers it an asset class. I have a tough enough time leaving my collection in cards versus converting to equities. When you factor in the risk of fire and theft as well as the eventual costs with estate taxes at 28% and auction house fees, it just doesn't seem to make sense long term. The fact that someone would have several hundred grand in liquid cash to add to a safe or safe deposit box somewhere just seems hard to believe. It is not like they aren't getting good returns in equities right now. But there is some crazy money out there, I guess.
__________________
2024 Collecting Goals:

53-55 Red Mans Complete Set
Reply With Quote
  #10  
Old 02-08-2021, 05:31 PM
JohnnyKilroy JohnnyKilroy is offline
Matt L
Member
 
Join Date: Aug 2020
Location: Santa Rosa, CA
Posts: 165
Default

Quote:
Originally Posted by kailes2872 View Post
I am not an economist and every time I try to play one on TV, I get smacked down by someone who actually knows what they are talking about, so forgive me...

But, it seems like QE and the money printing is a stimulus for the (semi)wealthy. My investment portfolio was down 42% on March 23rd last year. Since then, my investments (and net worth) have more than doubled. Based on income, I don't qualify for the $2,000. But it seems that I get the a 10x factor of that benefit every time they juice the economy with more money. This could be just coincidental, but that money feeds the market and it feeds corporate earnings and that drives valuations.

I make a nice living with a paid off house and college saved, so I should be one of those people that are being described that are buying into the market. However, I bought one card in 2020 and just track auctions and prices so far this year. I have a memory of 2012-2015 prices and my mind won't seem to ever let me pull the trigger anymore. So the person buying the PSA 7 Mantle must be playing in a different stratosphere and considers it an asset class. I have a tough enough time leaving my collection in cards versus converting to equities. When you factor in the risk of fire and theft as well as the eventual costs with estate taxes at 28% and auction house fees, it just doesn't seem to make sense long term. The fact that someone would have several hundred grand in liquid cash to add to a safe or safe deposit box somewhere just seems hard to believe. It is not like they aren't getting good returns in equities right now. But there is some crazy money out there, I guess.

Yes, I agree with your thoughts. The overall economic stimulus definitely helps. I was referring to lots of people who believe the 1200 or whatever payment they received was helping drive this train.. which I’d disagree. However, I’d agree with your theory.
Reply With Quote
Reply




Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Easiest way to tell if card is skyrocketing.wish there was program for this 1952boyntoncollector Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 1 09-19-2020 08:41 AM
Skyrocketing Card Values Lately - Theories? MailboxBaseball Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 65 07-05-2020 12:21 PM
SMR card prices PhillipAbbott79 Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 1 02-14-2017 04:37 AM
Vintage Card Prices Railroad Bill Postwar Baseball Cards Forum (Pre-1980) 4 06-09-2011 08:11 AM
maybe OT: How do vintage card prices compare to coin prices? Archive Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 15 08-25-2005 05:03 PM


All times are GMT -6. The time now is 09:39 PM.


ebay GSB