T206 "Magie" Error Prices

[Gorditadogg]

The market has been trending more and more to blue chip cards so the question of whether error cards will be as valued in the future is a good one. It seems to me that collecting error cards and other variations really took off in the junk wax era so it is fairly recent and could be something of a fad.

To me the idea of paying more for a Spiezio Partial IEZ Missing than for a Mays or Mantle is a little weird. I could definitely see the market values 20 years out for those kind of gimmicky cards lagging compared to the bonafide star cards.

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[Exhibitman]

I'm with Ryan on this one. We are talking about a legendary card in the pre-eminent prewar set. It will always have an audience as long as people collect T206s. Same is true for that undistinguished pitcher briefly depicted with the wrong NY team, that two-team guy, those Polar Bear brand guys with the team variations, and so on. If you know the names of the players I am talking about you prove my point.

[iwantitiwinit]

The biggest reason, in my opinion, this will hold its value is that it's still within reach of many collectors. When I started out collecting T206s I knew the Wagner would be out of reach. I didnt however think the same about Plank it's expensive but let's say 40k is doable if I chose to spend that much. I think many feel the same way and feel the same about the Magie..."Hey 15k is doable". Now that Plank might be 80k but Magie can still be had for say 12k in say an SGC 1. The number of people that can afford and are willing to pay that kind of number is large enough to support increasing prices.

[Rhotchkiss]

The PSA 3 in Heritage is now up to $26,400, including Buyer' Premium ("BP"), with 5+ days to go.

I bought mine (see below) for $21,500 in late 2016. At the time, that was a record price for that card in that grade, but I felt it was well worth it given the eye appeal. The two most recent sales have been $21,600 in 2021 (over graded) and $23,655 in 2020 (great looking). Prior to that, the only two PSA 3 sales on VCP after mine went for $18k and $18.6k, both in 2019 and both (I feel) are materially inferior to mine.

The $18.6k sale in 2019 is the exact same card now sitting at $26.4k in Heritage. Thus value of the Heritage 3 has gone up, so far, $7,800, which (so far) is a 42% increase in 2.5 years.

I would argue that that mine is worth at least 10% more than the one in Heritage, which means mine would be worth $29,040, so far. Again, I bought mine in late 2016 for $21,500, which means I am sitting on $7,450 of gain (35%). Granted, that is over 5+ years, but not bad at all considering, at least in my mind, the odds of losing money was minimal. AND, the current Heritage auction is not over and mine could bring more than a 10% premium.

Granted, this is one example at one point in time, but I think it supports the argument that the most famous error in baseball cards, which derives from the greatest and most famous baseball card set of all time, is a very solid, risk-adjusted investment

Buy with confidence

[Mjpadilla84]

Beautiful Magie Ryan, worth every penny you paid.

[mrreality68]

Originally Posted by Rhotchkiss

The PSA 3 in Heritage is now up to $26,400, including Buyer' Premium ("BP"), with 5+ days to go.

I bought mine (see below) for $21,500 in late 2016. At the time, that was a record price for that card in that grade, but I felt it was well worth it given the eye appeal. The two most recent sales have been $21,600 in 2021 (over graded) and $23,655 in 2020 (great looking). Prior to that, the only two PSA 3 sales on VCP after mine went for $18k and $18.6k, both in 2019 and both (I feel) are materially inferior to mine.

The $18.6k sale in 2019 is the exact same card now sitting at $26.4k in Heritage. Thus value of the Heritage 3 has gone up, so far, $7,800, which (so far) is a 42% increase in 2.5 years.

I would argue that that mine is worth at least 10% more than the one in Heritage, which means mine would be worth $29,040, so far. Again, I bought mine in late 2016 for $21,500, which means I am sitting on $7,450 of gain (35%). Granted, that is over 5+ years, but not bad at all considering, at least in my mind, the odds of losing money was minimal. AND, the current Heritage auction is not over and mine could bring more than a 10% premium.

Granted, this is one example at one point in time, but I think it supports the argument that the most famous error in baseball cards, which derives from the greatest and most famous baseball card set of all time, is a very solid, risk-adjusted investment

Buy with confidence

Great info and thought process.
Also great looking card.

Someday I may look at getting one. I had a few opportunities over last few years but I passed because it was not part of my collection focus.
Part of me regrets it because it is a nice looking card and in demand

[Exhibitman]

Originally Posted by Rhotchkiss

...the most famous error in baseball cards, which derives from the greatest and most famous baseball card set of all time, is a very solid, risk-adjusted investment

Buy with confidence

Completely agree with that analysis...and that is a heckuva nice looking portrait.