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#1
06-18-2021, 03:43 PM
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still relevant?
Book value is essentially a baseline number. It will mean little in the end , but its a number. We all carry different sets of numbers in our heads..
Its not totally meaningless. Look at it as a quaint old fashioned tradition if anything. It would be nice of PSA to upgrade those numbers to be more reflective of reality.. 
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#2
06-18-2021, 03:51 PM
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Totally irrelevant, including for set pricing/value. It may be a lot easier to attempt valuing a set that way, but you're often going to get obsolete or simply inaccurate data.
However, it is useful for people who enjoy claiming the NM "book value" of the crumpled up card they've listed
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#3
06-18-2021, 04:12 PM
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I guess when I'm not cutting up valuable cards, I am foolishly selling them to "dealers". When dealers purchase your cards, they give you a ridiculously low amount. The time I did it, I was on active duty in the Navy, stationed in Charleston. The family was in Coral Springs, Florida. I was driving home on weekends, 540 miles each way. Even as a Chief Petty Officer, the pay only went so far doing that. So, rather than take out a loan when the money finally got tight, I went to a card shop off of Atlantic Blvd in Coral Springs, I think in 1995 to sell some of my beloved cards to get some gas money, groceries and fast food. As I recall it now, I sold a 1958 Mantle, 1934 Gehrig, 1941 DiMaggio and Williams and several other supposedly valuable cards for $200, after he looked at them with his loupe. The "dealer" told me, "It's strictly business. I can't give you book value. $200, take it or leave it." I foolishly took it, because I was desparate. I'm certain he turned around and sold them for "book value". Sure, if I had the time, I probably could have sold them somehow for "book value". But I was in a jam, and did it. But I felt terrible afterward, and vowed, no matter what, I would never do that again.
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