CNN card story

Exhibitman · #1 02-12-2021, 12:57 PM

Mixed feelings here: The financial benefits of a coterie of investors getting into cards versus the inevitable inability to collect what I want due to being priced out. I am watching the rise in value carefully; if my collection reaches a certain price level I am selling out and sticking with everything 1970s from when I was a kid instead.

Do you suppose we could get these investors interested in boxing cards? Please??

AGuinness · #2 02-12-2021, 01:06 PM

Quote:

Originally Posted by Exhibitman

Do you suppose we could get these investors interested in boxing cards? Please??

Have boxing cards not enjoyed a bump? I'm curious if there is a modern equivalent to boxing cards, such as MMA. Do you track anything like that?

DeanH3 · #3 02-12-2021, 01:55 PM

Quote:

Originally Posted by Exhibitman

Mixed feelings here: The financial benefits of a coterie of investors getting into cards versus the inevitable inability to collect what I want due to being priced out. I am watching the rise in value carefully; if my collection reaches a certain price level I am selling out and sticking with everything 1970s from when I was a kid instead.

Do you suppose we could get these investors interested in boxing cards? Please??

I agree Adam. I have to admit, I have wondered if the smart play is to sell and see what happens down the line.

Exhibitman · #4 02-12-2021, 03:16 PM

Garth: with the exception of a few issues of a few fighters that have gone nuts, there has been modest but not startling price increases. That said, the supply of many older issues, especially from the 19th century, has diminished dramatically. People just are not selling.

Dean: if it was just about money, I would agree, but it isn't, at least not yet for me. As I said, though, it might get too good not to sell out. If I could take the post-tax proceeds and tell the fine folks at Wells Fargo to shove their mortgage up their corporate oubliette, well, that would be another story.

The nice thing is that sleazy, scummy Wall Street banksters sticking their blood funnels into the hobby would actually be a step up from the usual collection of con-men, frauds and thieves we are used to dealing with.

Brian Van Horn · #5 02-12-2021, 03:19 PM

Ah, CNN. Next. No, I am not a follower of Fox News.

Rich Klein · #6 02-12-2021, 04:45 PM

Quote:

Originally Posted by Brian Van Horn

Ah, CNN. Next. No, I am not a follower of Fox News.

Fox News already covered one person a couple of months ago Of course it was on Pokemon cards

https://www.fox5atlanta.com/news/stu...raduate-school

AGuinness · #7 02-12-2021, 03:41 PM

Quote:

Originally Posted by Exhibitman

The nice thing is that sleazy, scummy Wall Street banksters sticking their blood funnels into the hobby would actually be a step up from the usual collection of con-men, frauds and thieves we are used to dealing with.

Wish that would fit on a t-shirt or bumper sticker...

TedWill1939 · #8 02-12-2021, 03:43 PM

The nice thing is that sleazy, scummy Wall Street banksters sticking their blood funnels into the hobby would actually be a step up from the usual collection of con-men, frauds and thieves we are used to dealing with.[/QUOTE]

I think it maybe the opposite. It might bring out even better fakery and worse dealings. Ive seen it in other hobbies, increase in demand + high dollars = shady dealings

Chicosbailbonds · #9 02-15-2021, 04:29 AM

Quote:

Originally Posted by TedWill1939

The nice thing is that sleazy, scummy Wall Street banksters sticking their blood funnels into the hobby would actually be a step up from the usual collection of con-men, frauds and thieves we are used to dealing with.

The only difference I see is they wear nicer clothes.

Exhibitman · #10 02-15-2021, 06:42 AM

Lots of people are looking at cards and other alt investments because they are disgusted with the banksters. Wall Street is a rigged casino we are stuck with if we have retirement accounts. I wouldn't put a dime into their garbage if I didn't have to do something with my tax-advantaged retirement accounts. If I could I'd pay off my house instead but the rules have been structured by Wall St. lobbyists to prevent me from lending myself the cash and paying myself interest instead. I can't even invest in alt stuff unless I give those pigs a slice of it via fund fees. I am by no means advocating cards as investment vehicles, but Wall St. retail investment is a sucker's bet too.

Dean, eBay recently terminated 'remorse return' rights on cards. As long as i get it there in one piece he can't just hold it and then months from now decide to return it. I do see the point, though, which is why the vast majority of my sales are now through AHs or private sales, and if a big card is involved I insist on payment via check or MO or cash or Zelle. No recourse.

swarmee · #11 02-15-2021, 07:00 AM

Quote:

Originally Posted by Exhibitman

Dean, eBay recently terminated 'remorse return' rights on cards. As long as i get it there in one piece he can't just hold it and then months from now decide to return it.

Plenty of ways to force a return, either through INAD by scratching a card or slab once you receive it, or by telling your credit card company something so you get access to the 180 day window.
The remorse return thing will only keep honest people from returning cards. So I wouldn't hang my hat on that.

Tao_Moko · #12 02-12-2021, 05:28 PM

Quote:

Originally Posted by Exhibitman

Mixed feelings here: The financial benefits of a coterie of investors getting into cards versus the inevitable inability to collect what I want due to being priced out. I am watching the rise in value carefully; if my collection reaches a certain price level I am selling out and sticking with everything 1970s from when I was a kid instead.

Do you suppose we could get these investors interested in boxing cards? Please??

Sure, sure. It's a disease. I have sold my collection no less than 3x and here I am again.

Rich Klein · #13 02-12-2021, 05:46 PM

Mel and Tim said it best in 1972:

https://www.youtube.com/watch?v=LDtPrJIxB68

Regards
Rich

todeen · #14 02-12-2021, 07:58 PM

Just remember, most people don't read to the end of an article.....where the warning about boom and bust cycle actually is located within this article. I remember that people loved beanie babies, too.

I did make a purchase this month due to FOMO. I thought, geez, if I don't get it now, will I ever be able to afford it?

Wanaselja · #15 02-12-2021, 09:35 PM

Quote:

Originally Posted by todeen

Just remember, most people don't read to the end of an article.....where the warning about boom and bust cycle actually is located within this article. I remember that people loved beanie babies, too.

I did make a purchase this month due to FOMO. I thought, geez, if I don't get it now, will I ever be able to afford it?

Jealous.

troutbum97 · #16 02-12-2021, 09:54 PM

CNN.
Chicago Tribune.
All this raging over modern cards.
Prices soaring.

Key ingredient in an asset bubble? "Irrational exuberance."

Reminds me of skyrocketing home prices in Vegas, Phoenix & Miami, etc, circa 2006.

todeen · #17 02-12-2021, 10:02 PM

Quote:

Originally Posted by troutbum97

CNN.
Chicago Tribune.
All this raging over modern cards.
Prices soaring.

Key ingredient in an asset bubble? "Irrational exuberance."

Reminds me of skyrocketing home prices in Vegas, Phoenix & Miami, etc, circa 2006.

Did you read the article? Goldin says he wouldn't call this a bubble... winky face emoji

Sent from my SAMSUNG-SM-G930A using Tapatalk

Exhibitman · #18 02-13-2021, 12:20 AM

Quote:

Originally Posted by todeen

I did make a purchase this month due to FOMO. I thought, geez, if I don't get it now, will I ever be able to afford it?

Heh, me too. Last HOFer I can reasonably afford in the 1952 Topps set.

carlsonjok · #19 02-13-2021, 09:00 AM

Here is my conundrum. I am 15 cards away from finishing 1955 Topps and 2 cards away from finishing 1968. I just cannot wrap my melon around sports cards being an investment. I mean, logically, yes I get it. But, with my collection, there is too much emotional involvement to view it as on par with stocks or annuities.

So, when I see the prices that the Clemente and Ryan rookie cards are selling for, I just shake my head and move on. Could I afford them at current prices? Yes, but I can't do it. That kind of money is significant enough to me that I prefer to put it into an asset I have absolutely no emotional attachment to.

So, to get back to my opening, I think I would be perfectly happy to fill those binder slots with reprints and call it a day. If the bubble bursts, great. But, if it doesn't, that is fine also.

Johnny630 · #20 02-13-2021, 09:13 AM

I wonder how many people are considering taking profits and selling their collections aggressively into the strength ?

Fuddjcal · #21 02-13-2021, 12:50 PM

Quote:

Originally Posted by carlsonjok

Here is my conundrum. I am 15 cards away from finishing 1955 Topps and 2 cards away from finishing 1968. I just cannot wrap my melon around sports cards being an investment. I mean, logically, yes I get it. But, with my collection, there is too much emotional involvement to view it as on par with stocks or annuities.

So, when I see the prices that the Clemente and Ryan rookie cards are selling for, I just shake my head and move on. Could I afford them at current prices? Yes, but I can't do it. That kind of money is significant enough to me that I prefer to put it into an asset I have absolutely no emotional attachment to.

So, to get back to my opening, I think I would be perfectly happy to fill those binder slots with reprints and call it a day. If the bubble bursts, great. But, if it doesn't, that is fine also.

Reprints? What the big deal? That's a great set! I don't collect sets anymore, but I used to love that one. Get BACK OUT THERE AND BUY, BUY, BUY.

Surely you could justify cards like these? How bad could it be to finish the thing up? You must have many hours into it?

jimjim · #22 02-13-2021, 07:41 PM

Quote:

Originally Posted by carlsonjok

Here is my conundrum. I am 15 cards away from finishing 1955 Topps and 2 cards away from finishing 1968. I just cannot wrap my melon around sports cards being an investment. I mean, logically, yes I get it. But, with my collection, there is too much emotional involvement to view it as on par with stocks or annuities.

So, when I see the prices that the Clemente and Ryan rookie cards are selling for, I just shake my head and move on. Could I afford them at current prices? Yes, but I can't do it. That kind of money is significant enough to me that I prefer to put it into an asset I have absolutely no emotional attachment to.

So, to get back to my opening, I think I would be perfectly happy to fill those binder slots with reprints and call it a day. If the bubble bursts, great. But, if it doesn't, that is fine also.

You said this so well. There are three or four cards that I had been watching since 2019 waiting for nice versions that I missed out on when things took off in 2020. Yes, I can afford them now. I think a lot of it has to do with the fact we have all been collecting for so many years, that the card that was $400 two to years ago is now $3000. Just hard for me to fork over that kind of money when I know what it was two years ago. Even though I can afford it. And I agree, I just don�t think of these as investments. I know they are, but when you�ve been collecting for 30 years, it�s hard to think that way.

todeen · #23 02-15-2021, 09:16 PM

Quote:

Originally Posted by Exhibitman

Heh, me too. Last HOFer I can reasonably afford in the 1952 Topps set.

I purchased a 1915 CJ Speaker. I can justify to my wife cards priced less than $1000. But when it breaks that barrier.... it's off limits.

Sent from my SAMSUNG-SM-G930A using Tapatalk

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Your Best Raw Card Success Story	M's_Fan	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	61	03-12-2010 12:02 PM
Every card has a story	Chris-Counts	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	6	01-29-2010 03:03 AM
A Card With A Story	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	8	04-16-2009 10:59 PM
Best story on where that card came from.........	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	11	07-25-2005 12:06 PM
Same ole story...this card has been around forever!	Archive	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	5	07-18-2002 09:25 PM