1952 Topps Mantle CSG 8 sells for $1.25M

[Peter_Spaeth]

Originally Posted by hcv123

who the 2 top bidders were and how many, if any, beneath them!?

I think that about a lot of auctions.

[Rhotchkiss]

Below are pics of VCP data for PSA 8 and the one recent PSA 7.5, 1952 Topps Mantle sales.

I would MUCH rather have a PSA 7.5 for $705k than a CSG 8 for $1.25mm. I also would prefer a PSA 8 at $1.5mm than a CSG 8 $1.25mm. Just my opinion

[Leon]

Originally Posted by Rhotchkiss

Below are pics of VCP data for PSA 8 and the one recent PSA 7.5, 1952 Topps Mantle sales.

I would MUCH rather have a PSA 7.5 for $705k than a CSG 8 for $1.25mm. I also would prefer a PSA 8 at $1.5mm than a CSG 8 $1.25mm. Just my opinion

Personally, I would rather pick the best card rather than a TPG..But I collect cards not holders...

If the exact same card is more in a PSA holder than CSG, I am picking CSG..... And I think, over time, they will gain a lot of traction. But who knows...

.

[Lorewalker]

Originally Posted by Leon

Personally, I would rather pick the best card rather than a TPG..But I collect cards not holders...

If the exact same card is more in a PSA holder than CSG, I am picking CSG..... And I think, over time, they will gain a lot of traction. But who knows...

.

Agree 100%.

It is also too bad that we all (or too many of us) are so jaded from all the BS that takes place in the hobby to not be skeptical of the sale. Lots of smoke and mirrors in the hobby. I hope the bidding was legit and the winner is someone who pays for the card.

Would be nice to see a 3rd option for grading because the top two could not have screwed the public more on a consistent basis.

[maniac_73]

Originally Posted by Lorewalker

Agree 100%.

It is also too bad that we all (or too many of us) are so jaded from all the BS that takes place in the hobby to not be skeptical of the sale. Lots of smoke and mirrors in the hobby. I hope the bidding was legit and the winner is someone who pays for the card.

Would be nice to see a 3rd option for grading because the top two could not have screwed the public more on a consistent basis.

I wish grading would go away except to determine authentic vs counterfeit. Im in the minortiy I know

[Lorewalker]

Originally Posted by maniac_73

I wish grading would go away except to determine authentic vs counterfeit. Im in the minortiy I know

I would not spend too much time wishing but I understand the sentiment. Given the overwhelming failures of grading, I am not sure I could say the hobby is better for grading.

Instead of collectors buying raw NM-MT altered cards for $X they are buying NM-MT graded altered cards for $5X.

[benge610]

Originally Posted by Leon

Personally, I would rather pick the best card rather than a TPG..But I collect cards not holders...

Ditto.

I know it doesn't contribute to Gary's post much; apologies. I don't need a TPG to tell my eyes what to see.; especially when $$$ are involved.

Ben
"I love baseball history backstory; especially when it involves cards."

[Exhibitman]

Originally Posted by Leon

If the exact same card is more in a PSA holder than CSG, I am picking CSG..... And I think, over time, they will gain a lot of traction. But who knows...

.

I agree. If you believe that CSG does as good (or as bad) a job as PSA or SGC or BVG, then your best bet is to buy whichever has the least market respect right now.

In terms of traction, they already are gaining it in areas other than vintage baseball. I sell boxing cards in CSG holders as readily as in PSA holders.

[GasHouseGang]

Is there a link to the auctioned item?

[Ben Yourg]

How does the IRS look at this?

[raulus]

Originally Posted by Ben Yourg

How does the IRS look at this?

The IRS looks at it the way many of the posters here do. It’s all about the card, not the holder.

You can swap out, change around, or abandon the holder altogether, and it’s still the same card you bought in the first place, and when you sell it, the only real difference here is that the seller theoretically paid a little bit to get it graded by CSG. So the cost basis in the card would rise for those costs.

Otherwise, this is no different than buying and selling any other card. The seller made a bunch of money, and now gets to pay a lot of it to the government.

Edit: assuming, of course, that there are no shenanigans, like the buyer being the seller’s wife or something.

[Johnny630]

Are owners/investors in a TPG permitted to buy cards once they have ownership in said TPG Company?

[raulus]

Originally Posted by Johnny630

Are owners/investors in a TPG permitted to buy cards once they have ownership in said TPG Company?

Who would stop them from buying cards?

[Johnny630]

Originally Posted by raulus

Who would stop them from buying cards?

Exactly so I take this price with a grain of salt. Let’s see how consistently strong CGS stays moving forward, then we can talk.

[111gecko]

Originally Posted by GasHouseGang

Is there a link to the auctioned item?

http://catalog.scpauctions.com/1952_...-LOT52543.aspx

[JustinD]

Please correct me if I am wrong, my understanding is that this was a PSA 7.5 crossover.

If that is indeed true than the crossover may have netted less than a PSA 8, but it wasn't an 8. It was a 7.5, so per that aspect the hustle worked. They sold it well over the initial investment.

Not something I would have done, but someone did.