High grade cards are undervalued

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Posted By: cmoking

1933 Goudey 79 Red Faber PSA 8
Mar 2002: 903
Aug 2005: 1944

1933 Goudey 125 Bill Terry PSA 8
Mar 2002: 1380
Aug 2005: 1485

1933 Goudey 53 Babe Ruth PSA 7
June 2002: $8625
April 2005: $24,000 Sothebys
Aug 2005: $18,000 Memory Lane

1933 Goudey 106 Nap Lajoie PSA 6
June 2002: 17,825
Apr 2005: 29,000 Mastro

1933 Goudey 3 Hugh Critz PSA 7
Sep 2002: 4,715
Aug 2005: 1,150
OK, you got one here!

1934 Goudey 32 Blondy Ryan PSA 8
Dec 2002: 345
Aug 2005: 1400

1934 Goudey 65 Cliff Bolton PSA 8
Dec 2002: 403
Aug 2005: 800 Goodwin

But again, with that said, I'm not saying hi-grade vintage PSA 8 cards are a good investment...just saying they have gone up in the past 5 years.

Of course, this doesn't mean these cards were even a good investment relative to other things in the world. For example, my Vanguard Mid-Cap Index went from $48.77 in July 2002 to $76.48 today (it's even higher because of dividends). And those card prices may not compare to home prices. So the value may have been better in other things and not cards.

Again, I'm just pointing out the high-end cards that have sold recently in some auctions, where I can track other cards that sold in the past as well. But past performance is no indicator of future performance. (I know, too much like stock talk, right? Sorry).