T206 "Magie" Error Prices

[Yoda]

I could use a bit of the vault of T206 knowledge that exists here. I hold a Bud Sharpe with 2 rr's marked as a variation by SGC. I also have the single r base card. If the double r was printed first and then corrected with the single r edition, wouldn't this be akin to what happened with the Magee card? The Sharpe double r hardly gets the same attention or prices that Magie fetches.

[Pat R]

Originally Posted by Yoda

I could use a bit of the vault of T206 knowledge that exists here. I hold a Bud Sharpe with 2 rr's marked as a variation by SGC. I also have the single r base card. If the double r was printed first and then corrected with the single r edition, wouldn't this be akin to what happened with the Magee card? The Sharpe double r hardly gets the same attention or prices that Magie fetches.

You mean 2 P's don't you John?

[Yoda]

I did indeed mean 2 pp's. I blame lack of a 2nd cup of coffee this morning and not senility. Thanks for bringing it to my attention.

[53toppscollector]

An SGC 1 Magie just hit ebay with an opening bid of $5000, fwiw

https://www.ebay.com/itm/334297423875

[Gorditadogg]

The market has been trending more and more to blue chip cards so the question of whether error cards will be as valued in the future is a good one. It seems to me that collecting error cards and other variations really took off in the junk wax era so it is fairly recent and could be something of a fad.

To me the idea of paying more for a Spiezio Partial IEZ Missing than for a Mays or Mantle is a little weird. I could definitely see the market values 20 years out for those kind of gimmicky cards lagging compared to the bonafide star cards.

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[Exhibitman]

I'm with Ryan on this one. We are talking about a legendary card in the pre-eminent prewar set. It will always have an audience as long as people collect T206s. Same is true for that undistinguished pitcher briefly depicted with the wrong NY team, that two-team guy, those Polar Bear brand guys with the team variations, and so on. If you know the names of the players I am talking about you prove my point.

[iwantitiwinit]

The biggest reason, in my opinion, this will hold its value is that it's still within reach of many collectors. When I started out collecting T206s I knew the Wagner would be out of reach. I didnt however think the same about Plank it's expensive but let's say 40k is doable if I chose to spend that much. I think many feel the same way and feel the same about the Magie..."Hey 15k is doable". Now that Plank might be 80k but Magie can still be had for say 12k in say an SGC 1. The number of people that can afford and are willing to pay that kind of number is large enough to support increasing prices.

[Rhotchkiss]

The PSA 3 in Heritage is now up to $26,400, including Buyer' Premium ("BP"), with 5+ days to go.

I bought mine (see below) for $21,500 in late 2016. At the time, that was a record price for that card in that grade, but I felt it was well worth it given the eye appeal. The two most recent sales have been $21,600 in 2021 (over graded) and $23,655 in 2020 (great looking). Prior to that, the only two PSA 3 sales on VCP after mine went for $18k and $18.6k, both in 2019 and both (I feel) are materially inferior to mine.

The $18.6k sale in 2019 is the exact same card now sitting at $26.4k in Heritage. Thus value of the Heritage 3 has gone up, so far, $7,800, which (so far) is a 42% increase in 2.5 years.

I would argue that that mine is worth at least 10% more than the one in Heritage, which means mine would be worth $29,040, so far. Again, I bought mine in late 2016 for $21,500, which means I am sitting on $7,450 of gain (35%). Granted, that is over 5+ years, but not bad at all considering, at least in my mind, the odds of losing money was minimal. AND, the current Heritage auction is not over and mine could bring more than a 10% premium.

Granted, this is one example at one point in time, but I think it supports the argument that the most famous error in baseball cards, which derives from the greatest and most famous baseball card set of all time, is a very solid, risk-adjusted investment

Buy with confidence

[Mjpadilla84]

Beautiful Magie Ryan, worth every penny you paid.

[mrreality68]

Originally Posted by Rhotchkiss

The PSA 3 in Heritage is now up to $26,400, including Buyer' Premium ("BP"), with 5+ days to go.

I bought mine (see below) for $21,500 in late 2016. At the time, that was a record price for that card in that grade, but I felt it was well worth it given the eye appeal. The two most recent sales have been $21,600 in 2021 (over graded) and $23,655 in 2020 (great looking). Prior to that, the only two PSA 3 sales on VCP after mine went for $18k and $18.6k, both in 2019 and both (I feel) are materially inferior to mine.

The $18.6k sale in 2019 is the exact same card now sitting at $26.4k in Heritage. Thus value of the Heritage 3 has gone up, so far, $7,800, which (so far) is a 42% increase in 2.5 years.

I would argue that that mine is worth at least 10% more than the one in Heritage, which means mine would be worth $29,040, so far. Again, I bought mine in late 2016 for $21,500, which means I am sitting on $7,450 of gain (35%). Granted, that is over 5+ years, but not bad at all considering, at least in my mind, the odds of losing money was minimal. AND, the current Heritage auction is not over and mine could bring more than a 10% premium.

Granted, this is one example at one point in time, but I think it supports the argument that the most famous error in baseball cards, which derives from the greatest and most famous baseball card set of all time, is a very solid, risk-adjusted investment

Buy with confidence

Great info and thought process.
Also great looking card.

Someday I may look at getting one. I had a few opportunities over last few years but I passed because it was not part of my collection focus.
Part of me regrets it because it is a nice looking card and in demand

[53toppscollector]

Originally Posted by 53toppscollector

An SGC 1 Magie just hit ebay with an opening bid of $5000, fwiw

https://www.ebay.com/itm/334297423875

The SGC 1 Magie is at almost $7900 with 3+ days remaining

[jboosted92]

Originally Posted by puckpaul

I agree that it is an excellent investment. It is clearly rarer than all but the Wagner/Doyle/Plank and a notch rarer than Demmitt/OHara. Hard to see it going down from these prices given the interest in T206’s that has exploded.

I have this SGC 4 i bought some years back. I see that PSA doesn’t even have a sale listed on anything over a 3.5 and that was 7 years ago. So condition is tough here too, so even a modest grade is desirable.

1. i think its a good investment

2. should the Shappe error be higher?

[frankbmd]

Originally Posted by sportscardpete

For sure- once all the people who grew up watching him play die off I think the card will lose a ton of cultural relevance.

Babe Ruth died when I was 11 months old. I’m not feeling well today. Time to sell your Ruth cards before the market plummets.

[puckpaul]

Considering Goldin sold a 2013 Spiderman for $132k and a Serena Willliams for $55k, i think Magie is considerably cheap! Are those prices even real?

[Exhibitman]

Originally Posted by Rhotchkiss

...the most famous error in baseball cards, which derives from the greatest and most famous baseball card set of all time, is a very solid, risk-adjusted investment

Buy with confidence

Completely agree with that analysis...and that is a heckuva nice looking portrait.

[pawpawdiv9]

Originally Posted by 53toppscollector

The SGC 1 Magie is at almost $7900 with 3+ days remaining

i remembered this ebay guy--sure do. He was selling another Magie error
in a new SGC holder -graded 1.5 earlier this month.
It was a really nice looking specimen and i was tempted at the time.
I couldnt tell ya how many times i looked at it and zoom on it.
Sold for 14,750
Great card but radther have a Plank instead.

[Rhotchkiss]

A PSA 2 with paper loss on the eye sold in PWCC last night for $19.2k ($16k before BP). That is a very healthy price, especially considering the facial paper loss. This confirms the value of a very pretty Magie PSA 2 that sold for $20.4k in May of 2021. $20k for a PSA 2 is very strong compared to historic.

[Mjpadilla84]

Here is my Magie Authentic, might have overpaid a bit at 17K last year but it has some nice eye appeal.

[investinrookies]

Originally Posted by Rhotchkiss

A PSA 2 with paper loss on the eye sold in PWCC last night for $19.2k ($16k before BP). That is a very healthy price, especially considering the facial paper loss. This confirms the value of a very pretty Magie PSA 2 that sold for $20.4k in May of 2021. $20k for a PSA 2 is very strong compared to historic.

Do you think that was paper loss over the eye, its hard to tell? Either way, clearly shows prices are now rising on this card. Might be a strong price for PSA 2, but in the big picture of things is it really?

[investinrookies]

Originally Posted by pawpawdiv9

i remembered this ebay guy--sure do. He was selling another Magie error
in a new SGC holder -graded 1.5 earlier this month.
It was a really nice looking specimen and i was tempted at the time.
I couldnt tell ya how many times i looked at it and zoom on it.
Sold for 14,750
Great card but radther have a Plank instead.

I agree, I looked at it multiples times as well. It was a nice SGC and $14750 seemed like a pretty good price at the time. Now its looking even better. Will be interesting to see where the SGC 1 ends up.


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[Tao_Moko]

Originally Posted by Mjpadilla84

Here is my Magie Authentic, might have overpaid a bit at 17K last year but it has some nice eye appeal.

This presents very well. In my 20 card sheets would just look diamond cut.

[53toppscollector]

Originally Posted by 53toppscollector

The SGC 1 Magie is at almost $7900 with 3+ days remaining

$9400 with 12 hours remaining

[Pat R]

Originally Posted by investinrookies

Do you think that was paper loss over the eye, its hard to tell? Either way, clearly shows prices are now rising on this card. Might be a strong price for PSA 2, but in the big picture of things is it really?

It looks like paper addition to me.

[investinrookies]

Originally Posted by Pat R

It looks like paper addition to me.

Agree, it almost looks like a tiny ball of paper/debris stuck to the surface. If that’s the case it could be broken out of the holder and possibly wiped off which would dramatically improve the eye appeal of that one. Maybe that’s what the higher bidders were thinking as well?


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[Schlesinj]

Sold 11,302.88 SGC 1

[investinrookies]

Originally Posted by Schlesinj

Sold 11,302.88 SGC 1

ok "1" at best, price probably would of been higher with better eye appeal but still a strong price. The PSA 3 in heritage now over 37k.

[chriskim]

Don't forget Lelands has a Magie + Plank + rest of the set in their auction right now. Just buy the lot and keep the Magie... LOL

In fact, i would be interested in knowing the reserve. Probably half $Mil.

[investinrookies]

Heritage PSA 3 ended at $37,200. Strong price

[53toppscollector]

same seller that was selling the SGC 1 has now listed an SGC 2

https://www.ebay.com/itm/334313661408

[icurnmedic]

Originally Posted by 53toppscollector

same seller that was selling the SGC 1 has now listed an SGC 2

https://www.ebay.com/itm/334313661408

I noticed that as well. Not impossible,but very odd indeed.

[ullmandds]

Originally Posted by icurnmedic

I noticed that as well. Not impossible,but very odd indeed.

if you're implying it's odd to have multiples of this card...I say NOT if you're looking to control/manipulate the market?

[investinrookies]

I have been emailing this seller back and forth for a while based on my interest in the very first one he had up. He told me he’s selling these for a collector that has had them for many years and is very old. Told me this particular guy had multiples because it was his favorite card and thought it would be a good investment.


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[53toppscollector]

Looking at his past sales, he also sold a SGC 1.5

SGC 1: https://www.ebay.com/itm/334297423875
SGC 1.5: https://www.ebay.com/itm/334273832358

[babraham]

Originally Posted by 53toppscollector

Looking at his past sales, he also sold a SGC 1.5

SGC 1: https://www.ebay.com/itm/334297423875
SGC 1.5: https://www.ebay.com/itm/334273832358

In the current ebay ad, he says he has a fourth Magie SGC 1 that will also be sold on ebay:

This is the third and by far the best of 4 Magie error cards to be offered by me on eBay. During the past month I have offered an SGC 1.5 and an SGC 1, which sold for $14,759 and $11,302 respectively. The last example is also an SGC 1, has not yet been listed, and will also eventually be sold on eBay).

[investinrookies]

The SGC 2 ends tommorrow night, will be interesting to see where it ends with so many coming to market lately. Great opportunity to buy one now I’d think.


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[Blunder19]

$18K+ someone landed a nice card..

[investinrookies]

Yeah that seems like a good price for that 2.


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[pawpawdiv9]

Originally Posted by investinrookies

Yeah that seems like a good price for that 2.


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Probably been higher if it ended on a weekend.

[investinrookies]

Originally Posted by pawpawdiv9

Probably been higher if it ended on a weekend.

Yeah timing of it ending in middle of the afternoon when most people are working prob not the best selling strategy and appears it hurt the price some.

[iwantitiwinit]

Best time to end an auction is 8pm on Sunday during football season. Bettors that have won wagers during the day feel flush and are willing to spend.

[joshleon]

Pretty sure this has been alluded to, but here are my two cents as a newbie on these boards. The t206 set is the most popular pre-war set there is, it's fun to collect and I am absolutely floored at the ages of some people collecting it now. Even my kids are into it. I got into t206s when I was 11 or 12 in the 80s. I know all of this is anecdotal. However, given that, with only 200-250 copies there will ALWAYS be more demand than supply for this card given that it's universally understood this card constitutes one of the 524.

As for auctions and timing, I would love to see some data on auctions ending in January after many professionals receive bonuses and are flush with cash. I personally begin pulling back on spending around August.

[icurnmedic]

Originally Posted by investinrookies

Yeah that seems like a good price for that 2.


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Was watching this. Seems like a dang good price given the recent sales. I was figuring the low to mid 20's considering no creasing and what I feel is pretty deep coloring. Someone made off w/ a steal.
Thomas

[investinrookies]

Originally Posted by 53toppscollector

here is the combined PSA and SGC pop report

There are a total of 214 Magie's graded between PSA and SGC (and likely less, because a few of those are probably crossovers) and 115 Planks.

Of those, 15% of the Magies are either a 4 or higher, while 24% of the Planks are 4 or higher.

47% of the Magies are either an A, 1, 1.5 or 2, compared to 56% of the Planks.

The most common grade for the Plank is an A (25 out of 115, or 22%) and the most common grade for the Magie is a 1 (64 out of 214, or 30%)

Anyone else notice the drop on the PSA pop report for T206s? The Magie error is now showing only 95.

[pawpawdiv9]

Hneuman is selling his 4th and final Magie sgc1 today. Almost at its peak compared to the other sale he had.

Warning!!!! Despite his past pics of sales are being used/hacked on 3 other listings with hacked/scammer accounts --as mentioned in other threads here.

[investinrookies]

Originally Posted by pawpawdiv9

Hneuman is selling his 4th and final Magie sgc1 today. Almost at its peak compared to the other sale he had.

Warning!!!! Despite his past pics of sales are being used/hacked on 3 other listings with hacked/scammer accounts --as mentioned in other threads here.

That was a really nice SGC 1, $12858 was stronger than the previous SGC 1 that sold just a couple weeks before. Anyone else see the PSA 2.5 that allegedly sold for $37500? It was a nice example as well.

[Yoda]

I need some help from one of our T206 gurus. As I mentioned previously, I hold a Bud Sharpe two pp's error card, as stated on the SGC flip. Is this really any different than the far more known and expensive Magee-ie error, as in when ATC saw the original two pp's error had been issued, it was quickly pulled to correct things with the standard one p. card. I have no idea what the pop count is between the cards. Has the market ignored this rarity or do I have things wrong?

[chriskim]

Originally Posted by Yoda

I need some help from one of our T206 gurus. As I mentioned previously, I hold a Bud Sharpe two pp's error card, as stated on the SGC flip. Is this really any different than the far more known and expensive Magee-ie error, as in when ATC saw the original two pp's error had been issued, it was quickly pulled to correct things with the standard one p. card. I have no idea what the pop count is between the cards. Has the market ignored this rarity or do I have things wrong?

Shappe caused by broken printing plate and it wasn't a corrected card like Magie.

[Leon]

Originally Posted by chriskim

Shappe caused by broken printing plate and it wasn't a corrected card like Magie.

+1.... different types of errors.
.

[babraham]

Speaking of the Big Four.

Mile High's auction that just opened today has three of the Big Four for sale at once, don't see that too often.

A Wagner (All Star Cafe/Sheen), Plank, and Doyle NY Natl.

Those should all get strong money.

[babraham]

Guess I needed to keep scrolling, ha!

They also have a Magie, Demmitt StL, and O'Hara StL up for auction too.
Impressive offerings if you're looking for any of the T206 rarities.