Vintage collection finds

Matthew H · #1 10-27-2010, 09:29 PM

Quote:

Originally Posted by FUBAR

The story i read is they were opened and sorted and it contained 71 Mantle cards..... 40 with good centering and 31 off center. All in pristine condition! and it involved two buyers because the first guy couldn't afford to buy all the cards, but they were bought for a song and a dance , graded and resold for huge profits.

That find was not in packs. He did find a huge sum of unopened material from the 50's but I think that stuff was sold unopened.

Here he speaks openly of highway robbery:

http://www.youtube.com/watch?v=rjckQ...eature=related

tbob · #2 10-27-2010, 11:59 PM

I've never seen such unanimity in the comments under a You Tube Video, ever. Everyone who commented hates him and thinks he is a sleaze.

FUBAR · #3 10-28-2010, 12:54 AM

Quote:

Originally Posted by Matthew H

That find was not in packs. He did find a huge sum of unopened material from the 50's but I think that stuff was sold unopened.

Here he speaks openly of highway robbery:

http://www.youtube.com/watch?v=rjckQ...eature=related

I meant they were opened by the owner before they were bought, not the buyer opening them.. two ways to interpret my wording.. .my bad

Matthew H · #4 10-28-2010, 01:15 AM

Quote:

Originally Posted by FUBAR

I meant they were opened by the owner before they were bought, not the buyer opening them.. two ways to interpret my wording.. .my bad

I get it.

He also "found" 500 unopened boxes of Topps and Bowman. I think they were from 1954-55.

Unfortunately there are probably still a handful of people who haven't heard of catalog auctions or the internet and still call the guy.

FUBAR · #5 10-28-2010, 02:44 AM

can you imagine buying 90 mint mantles... what does each one got for nowadays 75k?? 100k?

at 100k... that's 9 million $$ plus they other cards.... this had to be a 15 million dollar + find at today's card values.. crazy!

I would feel guilty taking a guy who doesnt know better for one card let alone over 15,000 cards!

steve B · #6 10-28-2010, 10:14 AM

What year was the 52 find? I recall hearing about it, but not the year.

Before I get to my thoughts on the find a couple things
First time I've seen Mr Mint in anything other than a suit, I didn't recognise him at first.
Also the first time I've heard him speak where he didn't sound obnoxious.
Quincy? Framingham? Is he a boston guy? I always figured him as a New York City guy.

If it was mid 80's the deal might not have been such a ripoff. One thing to remember is that when large collections turn up there usually aren't that many people who can come up with enough money. He says he borrowed 25K, and still only was in for 10% of the deal. Even assuming he put none of his own cash into it That's 250K someone had to pay and then wait till the cards sold. And that couldn't be done quickly without temporarily lowering the price.

So sure, The stuff was probably worth way more, but how many dealers or collectores could have paid that without having a quick return available.

A

Matthew H · #7 10-28-2010, 11:23 AM

Look how he handles this guys collection. This is only a couple of years ago:

http://www.youtube.com/watch?v=PXNgJXt7cMY

I read in the comments that this guys wife died, he had surgery and had to sell his life's collection.

dwr11 · #8 10-28-2010, 11:47 AM

Quote:

Originally Posted by steve B

What year was the 52 find? I recall hearing about it, but not the year.

Before I get to my thoughts on the find a couple things
First time I've seen Mr Mint in anything other than a suit, I didn't recognise him at first.
Also the first time I've heard him speak where he didn't sound obnoxious.
Quincy? Framingham? Is he a boston guy? I always figured him as a New York City guy.

If it was mid 80's the deal might not have been such a ripoff. One thing to remember is that when large collections turn up there usually aren't that many people who can come up with enough money. He says he borrowed 25K, and still only was in for 10% of the deal. Even assuming he put none of his own cash into it That's 250K someone had to pay and then wait till the cards sold. And that couldn't be done quickly without temporarily lowering the price.

So sure, The stuff was probably worth way more, but how many dealers or collectores could have paid that without having a quick return available.

A

Mr. Mint's 1952 Topps find was in 1986. From what I remember he purchased everything himself including 65 1952 Mantle's. I think I remember hearing he paid something like $80,000 for everything and sold everything for $310,000. After he made the purchase he was very nervous that he spent to much and blew a lot of the Mantle's out with ads in SCD for around $2500.00 each.

steve B · #9 10-28-2010, 05:22 PM

The attitude he shows in the video is the Mr mint I usually think of. And he comes across worse there than in print interviews.

And I'd have tossed him when he tossed the jersey....

But the prices aren't horrible considering a lot of it was lower grade stuff.
Like the set he went through mentioning the stars that had holes. And the others where some of the stars were VG or creased or torn.

And that's coming from someone who really doesn't like Mr Mint. Too much flash and arrogance, plus the one time I called to ask about something he was selling he never returned the call.

The 52 find being 1986 makes sense, I was only paying a little attention to the hobby then. 3-4x profit isn't unusual for a large lot of stuff in any collectible field. Remember, back then 80K would buy an ok house in much of New England, and a whole lot more many other places. Figure on taking that much and tying it up in cards for maybe 2-5 years. Many stamp guys only offer about 10% of the catalog value on average stuff. Mostly because it will be in inventory for years at 50% of catalog. Below average stuff and hard to sell stuff gets even less interest. I just bought a small collection for $100 that probably cataloged around 300. The full time dealer that looked at it first didn't even make an offer.

Steve B

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