Quote:
Originally Posted by IlliniBear
The high end cards have certainly crashed (MJ/LeBron Rookies, etc.). The other lower end charts I've seen show a downward descent but nothing resembling a crash.
It's quite possible the illiquidity of the lower end sports card market simply isn't going to result in a crash but rather a gradual decline that will reflect the insane pop counts on these cards. I think the very high end, limited quantity cards will still hold significant value but the ultramodern high print run base cards are going to revert to $10 or $20.
I personally have never sold a trading card. I haven't had the motivation to send in a grading order yet (I've got them set aside but never shipped them in). I know there are guys hustling buying and selling but I think those guys are outnumbered by the people ripping wax and holding their singles. It's all those unsold singles that are sitting in boxes that will destroy the resale value of those cards.
I'm not sure where the bottom is, I think that it's probably going to trend down for a while as casual collectors start to leave the hobby. I for one will continue to buy and rip retail wax but I think my desire for singles going forward is going to be minimal outside of buying SP or refractor rookie cards if prices get reasonable.
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These are of course relative to the amount of people in the hobby. I visited my LCS today and it was the busiest I've ever seen it and whist I didn't get a chance to speak with the owner I suspect they are currently thriving. I've never seen such a variety of singles, sets, and wax for sale.The place was positively buzzing.
No toploaders, though!