Looking for honest opinions on Legendary's T-206 Eddie Plank

Kawika · #1 03-03-2010, 01:28 PM

Wow! From Gettysburg Eddie to Aileen Wuornos via Aristotle. A new Net54 record for going off the rails.
PS. Thanks, Jim B. for getting it back on track.

Jacklitsch · #2 03-03-2010, 02:13 PM

Quote:

Originally Posted by Kawika

Wow! From Gettysburg Eddie to Aileen Wuornos via Aristotle. A new Net54 record for going off the rails.
PS. Thanks, Jim B. for getting it back on track.

And for you JP, again, I love the card.

T206.org · #3 03-03-2010, 03:56 PM

Mighty fine card and deal, Sir!

I would love to own it at that price. It really looks amazing.

JP · #4 03-03-2010, 10:09 PM

Quote:

Originally Posted by T206.org

Mighty fine card and deal, Sir!

I would love to own it at that price. It really looks amazing.

Thank you, much appreciated! My ultimate goal is to trade it for other high-end T-206s even before I get it in hand.....I seem to change my collection goals faster than anybody....or maybe it just seems that way.

T206Collector · #5 03-04-2010, 08:37 AM

Quote:

Originally Posted by JP

Thank you, much appreciated! My ultimate goal is to trade it for other high-end T-206s even before I get it in hand.....I seem to change my collection goals faster than anybody....or maybe it just seems that way.

Just curious -- are you motivated to flip the card by not being able to return it to its original form, have it grade a 3 and then sell it for huge profits? In other words, were you speculating when you made the purchase?

Not that there's anything wrong with that. But I am curious about these kinds of cards. I spent a lot of time thinking about which Plank to bid on in April 2007 and I decided to go with Lionel Carter's beater. My feeling at the time was that the "FrankenPlank" (as it was called by Wonkaticket at the time) would have its price inflated by two potential buyers -- those who were going to try to pass it off down the road as a PSA 7 and those were were going to try to unrestore the restoration. My view, which is supported by its return to a Mastro auction this spring and your current intent to flip it, is that there are fewer collectors that are willing to add this Plank to their collection and keep it long term in its current state given the restoration job. Maybe the SGC Authentic Plank sold for more than the PSA Authentic Plank because the PSA collectors wanted to try to get it into a PSA holder.

In any event, I spent like a month debating this 3 years ago, and I enjoy the dialogue.

barrysloate · #6 03-04-2010, 08:41 AM

JP- do you think you will be able to get enough in trade to justify the purchase? Someone is really going to have to step to the plate to make that worthwhile for you.

Jim VB · #7 03-04-2010, 10:11 AM

Quote:

Originally Posted by JP

Thank you, much appreciated! My ultimate goal is to trade it for other high-end T-206s even before I get it in hand.....I seem to change my collection goals faster than anybody....or maybe it just seems that way.

JP,

You took great offense last week when another poster mentioned some deals you had done and "flipping" in the same sentence. Does this statement by you indicate that you do intend to flip this card? (As said previously, not that there's anything wrong with that...)

Flipping on a fairly high profile card is always dicey, especially when it come from one of the big auction houses. Vitrually everyone in the hobby saw this auction, and on the day it closed, you were the one person willing to pay the most for it. Why would you think that now, "before I get it in hand", it would be worth more to someone else?

Not sure I understand the logical thought process behind that.

JP · #8 03-04-2010, 10:19 AM

T206collector, Barry, Jim:

Apparently the joke I made was misconstrued, or completely missed. I have no intention of moving this card. The desire to restore it to a more valuable version I thought made financial sense, but alas seems impossible. And my comment about trading it for a Demmit or high grade Cobb was mostly a joke. A high grade Cobb is worth far more, and one of the top 3 Demmitts is my main collecting goal. Since neither one is realy attainable, it was a joke that I think only I got. As far as trading it before it got in my hands, that was a subtle reference to the previous "flip that wasn't a flip" that I did on eBay. Plank is sticking with me unless a once in a lifetime opportunity arises.

Leon · #9 03-04-2010, 10:28 AM

Quote:

Originally Posted by JP

T206collector, Barry, Jim:

Apparently the joke I made was misconstrued, or completely missed. I have no intention of moving this card. The desire to restore it to a more valuable version I thought made financial sense, but alas seems impossible. And my comment about trading it for a Demmit or high grade Cobb was mostly a joke. A high grade Cobb is worth far more, and one of the top 3 Demmitts is my main collecting goal. Since neither one is realy attainable, it was a joke that I think only I got. As far as trading it before it got in my hands, that was a subtle reference to the previous "flip that wasn't a flip" that I did on eBay. Plank is sticking with me unless a once in a lifetime opportunity arises.

JP- first of all it is a very cool card just the way it is, with full disclosure and being in an AUT holder. Also, you don't owe anyone, including me, an explanation but it's always nice to hear thoughts on strategies for collecting, flipping, trading etc. All of that being said even this last statement you gave kind of goes in about 5 different directions. I might politely suggest a tad bit more focus to enhance your collecting enjoyment. Historically the folks that are the least focused (read - all over the place with high end cards etc...) tend to crash and burn the quickest. This is just an observation and certainly might not be the way you are going. Good luck with whatever you decide and thanks for participating and sharing on the board. All collecting is good collecting in my eyes!!

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