Card Prices During Recessions

Exhibitman · #1 11-02-2022, 06:32 PM

My prediction:

That said, remember this:

G1911 · #2 11-02-2022, 06:47 PM

We�ve been over this a bit lately, they can only go up. YOLO every dollar, and empty your 401K, and take out loans for money you don�t even have to invest in this can�t miss win. That�s what if I�ve been told.

90feetaway · #3 11-02-2022, 08:10 PM

Unemployment is still fairly reasonable so potentially can't just look at recession, in and of itself, IMO. The previous post about looking at card values during the circa 2010 period seems like a good answer to the OP's question.

jefferyepayne · #4 11-02-2022, 08:25 PM

I got back into the hobby during the housing crisis and quickly figured out that card prices were about 50% of what they had been earlier in the 2000s.

Having said that, I don't believe recessions are all the same so you can't predict that this will happen again.

jeff

Rhotchkiss · #5 11-02-2022, 08:29 PM

I have been collecting on and off for 4 decades. In my experience, over time the good stuff has always appreciated. It may go up and/or down over shorter periods, but in the long run, the good stuff is a good investment.

I have said this before, cards as an investment is a long game (like real estate). Buy good stuff, make sure you can hold (i.e., don�t over extend), and hold. You should make money. If you try to time the market, then it depends on your luck.

Now, what constitutes �good stuff� is the subject of a zillion other threads

mrreality68 · #6 11-02-2022, 08:54 PM

Quote:

Originally Posted by Rhotchkiss

I have been collecting on and off for 4 decades. In my experience, over time the good stuff has always appreciated. It may go up and/or down over shorter periods, but in the long run, the good stuff is a good investment.

I have said this before, cards as an investment is a long game (like real estate). Buy good stuff, make sure you can hold (i.e., don�t over extend), and hold. You should make money. If you try to time the market, then it depends on your luck.

Now, what constitutes �good stuff� is the subject of a zillion other threads

I tend to agree

The good stuff in my uneducated opinion tends to be HOFers (with the top echelon always doing well like Ruth, Cobb, Mantle, Wagner, Robinson, etc), rookie cards of key players, and key sets ie 52 topps, 1914/15 Cracker Jack, T206 etc

However key is long term focus not short term, invest/collect within your budget and your collection strategy

And when in doubt the old Rule of Ruth, Ruth, and more Ruth

Peter_Spaeth · #7 11-02-2022, 09:10 PM

Quote:

Originally Posted by mrreality68

I tend to agree

The good stuff in my uneducated opinion tends to be HOFers (with the top echelon always doing well like Ruth, Cobb, Mantle, Wagner, Robinson, etc), rookie cards of key players, and key sets ie 52 topps, 1914/15 Cracker Jack, T206 etc

However key is long term focus not short term, invest/collect within your budget and your collection strategy

And when in doubt the old Rule of Ruth, Ruth, and more Ruth

Yep. If the objective is investment, stick to these basics.

Leon · #8 11-03-2022, 09:48 AM

Quote:

Originally Posted by Peter_Spaeth

Yep. If the objective is investment, stick to these basics.

I agree about staying to the basics for a financial investment. That said, that isn't always my objective. My objective is to get cards I think are cool and want in my collection. Esoteric cards are not necessarily the way to long term financial success, but they are fun nonetheless.

One for fun and one of the basics (if you will).

jamest206 · #9 11-02-2022, 09:14 PM

I am finally working on my dream collection, and getting some very nice cards right now at very good prices, while having fun. Prime example is a Johnny Kling SGC 5 I just got. Two years ago, this was my dream card, and never would have imagined having this one. A 2 was a dream come true. I am assuming “some” competition is drying up, while the normal competition is always around. I just have to pick my battles and stay focused at the auction houses online, as well as this site.. eBay is a last resort now, and I need to stay away from the eye candy Leon keeps posting. This is a very fun hobby, because there is constant learning from it, risk to take, fun to be had, and lots of friends made. Plus I am sure it is a relief to my wife that I chase cards, and scroll at them and not looking for greener pastures on dating sites or something��

Johnny630 · #10 11-02-2022, 09:51 PM

I see no signs of a recession other than down the road in the housing market. Commodity Inflation has peaked and will be rolling over shortly. Wage/Consumer Spending inflation is still too high. Unemployment is still very low, Recession I do not see. Never underestimate the power of US Consumers they’re still spending strongly on travel, experiences, and services. Goods have cooled but that’s a good thing. US Economy IMO is still healthy. A soft landing is coming.

Casey2296 · #11 11-02-2022, 09:14 PM

Quote:

Originally Posted by Rhotchkiss

I have been collecting on and off for 4 decades. In my experience, over time the good stuff has always appreciated. It may go up and/or down over shorter periods, but in the long run, the good stuff is a good investment.

I have said this before, cards as an investment is a long game (like real estate). Buy good stuff, make sure you can hold (i.e., don�t over extend), and hold. You should make money. If you try to time the market, then it depends on your luck.

Now, what constitutes �good stuff� is the subject of a zillion other threads

100% agree, like real estate its cyclical, collect long enough you'll overpay and underpay depending on the environment. What constitutes the "good stuff"? Cards that speak to your soul, that make you feel good every time you look at them, cards that fulfill your particular collecting goal. Reminds me of the quote "I'm not sure what love is but I know it when I see it".

Exhibitman · #12 11-02-2022, 11:04 PM

Quote:

Originally Posted by Casey2296

What constitutes the "good stuff"? Cards that speak to your soul, that make you feel good every time you look at them, cards that fulfill your particular collecting goal.

This. I 'overpaid' for a beautiful 1957 Gil Hodges last night. It was one of those speaking cards.

Quote:

Originally Posted by Casey2296

Reminds me of the quote "I'm not sure what love is but I know it when I see it".

Potter Stewart (1915�1985), associate justice of the Supreme Court from 1958 to 1981, is frequently remembered for his famous non-definition of obscenity: �I know it when I see it.�

brianp-beme · #13 11-03-2022, 03:19 AM

Quote:

Originally Posted by Exhibitman

This. I 'overpaid' for a beautiful 1957 Gil Hodges last night. It was one of those speaking cards.

I always liked the 1957 Hodges. Not only a good looking pose/photo from a wonderful set, but the last of the "Gil Hodges, Brooklyn Dodges" cards. Yes indeed, a great speaking card.

Brian (you have to say it with a Brooklyn accent)

parkplace33 · #14 11-03-2022, 09:36 AM

Quote:

Originally Posted by Rhotchkiss

I have been collecting on and off for 4 decades. In my experience, over time the good stuff has always appreciated. It may go up and/or down over shorter periods, but in the long run, the good stuff is a good investment.

I have said this before, cards as an investment is a long game (like real estate). Buy good stuff, make sure you can hold (i.e., don�t over extend), and hold. You should make money. If you try to time the market, then it depends on your luck.

Now, what constitutes �good stuff� is the subject of a zillion other threads

100 percent agree with this. The good stuff never goes down in the long term.

The good stuff for me are popular players in the highest grade. Check out other posts for lists.

But the bottom line is that these cards, over the long term, are not affected by recessions.

bbcard1 · #15 11-03-2022, 09:40 AM

IF prices really tak a hit, the really good stuff goes back underground.

rjackson44 · #16 11-04-2022, 11:31 PM

Quote:

Originally Posted by Rhotchkiss

I have been collecting on and off for 4 decades. In my experience, over time the good stuff has always appreciated. It may go up and/or down over shorter periods, but in the long run, the good stuff is a good investment.

I have said this before, cards as an investment is a long game (like real estate). Buy good stuff, make sure you can hold (i.e., don’t over extend), and hold. You should make money. If you try to time the market, then it depends on your luck.

Now, what constitutes “good stuff” is the subject of a zillion other threads

Theres your answer from a pro nuff said

MailboxBaseball · #17 11-07-2022, 04:40 PM

Quote:

Originally Posted by Exhibitman

My prediction:

That said, remember this:

The Mr. T pic made me laugh haha thanks for posting

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