Michael Jordan RC, PSA 10, shatters 100k !!!

[ninjacookies]

To be fair...pretty rough month for MJ.

Put up a straight skunk 0/0/0 on 0% from the field.

That's the risk you take when dumping massive coin speculating on these oft hot/cold streaky prospects.

[Spacemanspif]

Originally Posted by Brent72

As you can clearly see from my post, I asked if a number like that was possible given the usual conversion rate between 9s and 10s. I also said it was much more likely to be in the lower range than it was the 28-30% gap that is typical between those grades.

I see you get off picking and choosing comments trying to make yourself look smart, but I find you endlessly annoying and I'm not going to waste any more of my time trying to have a logical discussion with you. If any forum ever needed an Ignore option it's definitely this one!

FYI you can. User CP --> Settings & Options --> Edit Ignore List

[GOATcards]

Originally Posted by Slvnumber2

Not doom and gloom - sick of pumpers and snake oil salesmen trying to dupe people who don’t know better.



Guess it is not hitting $80-100k like you said earlier in the posts. Think you were off about $30-40k on your prediction. Or the million dollar suggestion from another poster that night for a 10 or $150k for a 9. You guys posted it - either you are pumpers or just don’t know cards.


Sent from my iPad using Tapatalk

The statement was that we are primed to see it hit $1M. Heck, a month ago we were primed for just about anything that would have seemed ridiculous a year ago.

Now we're primed to see the money move on to the next fad, on a monthly basis. I'm seeing my LBJ card up about 40% in the past few weeks while my MJ card is down by probably 20-25%, roughly a wash in terms of total value given the higher value of the latter.

[drobfan8]

Originally Posted by Brent72

As you can clearly see from my post, I asked if a number like that was possible given the usual conversion rate between 9s and 10s. I also said it was much more likely to be in the lower range than it was the 28-30% gap that is typical between those grades.

I see you get off picking and choosing comments trying to make yourself look smart, but I find you endlessly annoying and I'm not going to waste any more of my time trying to have a logical discussion with you. If any forum ever needed an Ignore option it's definitely this one!

This forum has an ignore option.

You do seem a little butthurt though. Just chill man.

These Jordan threads always end up the same.

And I would not buy the Jordan RC at $20k for an 8. you can have yourself a helluva Jordan collection for that. Sure it's the grail but damn people don't know cards if you're gonna pay $100k to $200k for a PSA 9.

[GOATcards]

Originally Posted by Brent72

As you can clearly see from my post, I asked if a number like that was possible given the usual conversion rate between 9s and 10s. I also said it was much more likely to be in the lower range than it was the 28-30% gap that is typical between those grades.

I see you get off picking and choosing comments trying to make yourself look smart, but I find you endlessly annoying and I'm not going to waste any more of my time trying to have a logical discussion with you. If any forum ever needed an Ignore option it's definitely this one!

The analogy you made to the price ratios of the Kobe cards at different grades didn't apply to the ratios in other cards. As for hitting somewhere between $80-100K you did get that right although the prices weren't sustainable for more than a few days. Lucky the 2 or so people who managed to dump at $85-90K.

[drobfan8]

Originally Posted by ninjacookies

To be fair...pretty rough month for MJ.

Put up a straight skunk 0/0/0 on 0% from the field.

That's the risk you take when dumping massive coin speculating on these oft hot/cold streaky prospects.

Just like Anfernee Simons and Nassir Little, it's the coaches fault. Gotta let the man off the leash.

[ninjacookies]

Originally Posted by drobfan8

Just like Nassir Little

If only we could have teleported and seen these two GOATS take the floor as teammates in the united center.

[GOATcards]

Damn this is a nice-looking 9
https://www.ebay.com/itm/363303545350

[Brent72]

Originally Posted by Spacemanspif

FYI you can. User CP --> Settings & Options --> Edit Ignore List

Thank you.

[dumars2001]

This has been an interesting ride over the past couple of months to say the least! At one point about 3 weeks ago, this card (in all grades) was literally going up on a daily basis (sometimes hourly basis). I think it is pretty safe to say that it has finally peaked and has steadily started its descent back down to the unknown, but definitely a pretty steep decline from only 3 weeks ago!

I saw sellers with all different grades of this card raising there BIN's each day leading up to the spike (but I would have done the same, if I were selling my card), now some of them still own the card, because they put the price too high and thought it would continue to rise in price endlessly (no shame there though, because what was happening was unprecedented with this card and no one knew if the card would continue to go up in price or not, but at the time, it sure seemed like a no-brainer decision to hold/keep raising up the price of the card, if you had one in your collection or for sale).

I saw many sellers taking the "risk" (it looks like the risk paid off handsomely) and selling their card as the card was increasing in value day after day (of course, this could have back-fired if the card continued to go up). These guys look pretty good right now though, because they can buy the card back now in the same grade (or higher grade) that they just sold a couple of weeks ago for a much lower price and have a lot of extra cash now! They win, they get their card back and have a lot of extra money(lol)!

Another strange observation is that the graded 1's to 4's seem to be pretty steady and holding their value pretty good and are still selling for a solid price. Considering how low these grades are, it shows that many people/collectors just want to own this card in any condition, even in poor condition. I saw a couple 1996 Fleer Jordan Decade of Excellence graded BGS 9.5's that sold for almost $1,500!!

Anyways, it has been a fun ride going through this whole explosion (and not just the Jordan rookie/cards). To put it in proper perspective though, the card is still being sold for thousands of dollars in each grade almost every hour, every day! My personal opinion is that collectors will have to hold their cards or make their listing a buy it now, for a price just under the spike (rather than listing them in an auction, one after another). This will create less supply of the card and then it will retain its high value. The opposite is continuing to happen though. There is literally a new listing in all grades of this card almost hourly. This will of course have a negative effect on the value, because the market is absolutely flooded with this card at the moment. The million dollar questions are, how much value will this card in all grades finally end up at? Does it have a chance to go back up? If yes, with how readily available this card is right now, how can it possibly not continue to go down in value? Will the PSA 10 hit a million? How much more of a decline will we see? What are your predictions on the market for this card from right now to a year from now?

[theleica]

Originally Posted by dumars2001

The million dollar questions are, how much value will this card in all grades finally end up at? Does it have a chance to go back up? If yes, with how readily available this card is right now, how can it possibly not continue to go down in value? Will the PSA 10 hit a million? How much more of a decline will we see? What are your predictions on the market for this card from right now to a year from now?

Your questions are tough to answer. In the short term I think it continues to go down. Not sure what the catalyst will be for another spike. Maybe all the super rich pumpers being able to buy back in at a fraction to start it back up again.

In the end if you are a seller, I don't see much risk if you sold your MJ PSA graded RC 2 to 3 weeks other than eBay returns if that's still a thing. There will be many ebbs and flows the next year or two where you can buy back at a fraction of your sale price. People quickly forget and move onto the next hot item making it simple to swoop in.

[kefskala]

Originally Posted by kefskala

GM Jordanites,

Another strong sale last nite at 600k, as stated here before. For me the bench mark for this card is 400K...If future sales continue above this number and 40% of the float is exchanged above this number the card is safe in value. We have had about 9 sales with auction houses and ebay sales the past two months above this number. And heritage has another one for sale already above this number. 20% of the float will never see day light as it is in private collectors hands that always had disposable income and most likely wont sale. That leaves 254 psa 10's for sale. 40% of that will be about 100 cards need to sell. Already 9 in just 2 months. With in a year those 100 should have exchanged hands and then card will dry up and new highs will happen...this will needs to happen for all grades of the RC for prices to keep escalating...if some one just paid 700K for a card they wont be selling at 600K. so this is who float dries up....and if someone paid 700K they dont need money and wont panic...basic economics....

posted this two weeks ago, just to updated it robert edwards sold one for 610K last week...hertigae has one almost at 600K with 2 days and goldin has 2 with almost two weeks to go for 550k. I have read some of the worst comparisons on this board to past sales, that use a vacuum scenario to 2016. Analytics is what I do, please when you create a model or thesis keep in mind all exterior exponents that affect a market and apply....could write three pages on why the target of my model was 400k but lets keep it at this....promised my self not to post on here again but couldn't resist...so for all you doom and gloomers the psa 10 is doing great!!

[MJGOAT23]

Originally Posted by GOATcards

[B]All I know is, I'm waiting for the price of the 87 sticker in PSA 9 to come down further before buying in. I suppose I'd have to see what its earlier price floor was to guess what its new floor is now, but I'm assuming it's at least $2500. Not sure how patient I can be until it gets to that level, if it does.

This sticker has never been too popular (relatively speaking for MMJ) and 9's could have been had for a few hundred bucks despite the condition sensitivity. It often had steady or even down arrows even when everything else MJ was popular or rising. I can see why it gets attention now though with everything around it exploding out of range.

[rats60]

Originally Posted by kefskala

posted this two weeks ago, just to updated it robert edwards sold one for 610K last week...hertigae has one almost at 600K with 2 days and goldin has 2 with almost two weeks to go for 550k. I have read some of the worst comparisons on this board to past sales, that use a vacuum scenario to 2016. Analytics is what I do, please when you create a model or thesis keep in mind all exterior exponents that affect a market and apply....could write three pages on why the target of my model was 400k but lets keep it at this....promised my self not to post on here again but couldn't resist...so for all you doom and gloomers the psa 10 is doing great!!

Yes, considering that the PSA 10 jumped from less than 300k to over 700k in one auction. Having sales in the 550-650k range is not a drop in price, it is doubling your money plus.

[gomiamigo]

Absolutely, but I also don't think 2-5 sales is 'the market.'

Maybe it says there, maybe it goes right back down again.

Sure over 10 years it'll probably go up but not nearly as much as other MJ cards or other players' top cards.

[kefskala]

#57 psa 10 is on its way to becoming an "inherit scarcity" item.... people may ask why now? there are 25 reasons why it is happening now.. just except it. it is NOW a want item for most high end collectors that are into these kind of items...

[tedwilliamsfan]

I am done with MJ, even though he's my favorite player. I am moving onto the new hyped player: Sam Cassell. I found my childhood collection of his and I will be rich. All I care about is money. C.R.E.A.M. Cash Rules Everything Around Me. END Sarcasm.

[kefskala]

Originally Posted by tedwilliamsfan

I am done with MJ, even though he's my favorite player. I am moving onto the new hyped player: Sam Cassell. I found my childhood collection of his and I will be rich. All I care about is money. C.R.E.A.M. Cash Rules Everything Around Me. END Sarcasm.

i agree why to much stress here.....

[vintg]

Originally Posted by dumars2001

Another strange observation is that the graded 1's to 4's seem to be pretty steady and holding their value pretty good and are still selling for a solid price. Considering how low these grades are, it shows that many people/collectors just want to own this card in any condition, even in poor condition. I saw a couple 1996 Fleer Jordan Decade of Excellence graded BGS 9.5's that sold for almost $1,500!!

I learned something today. the comment above is referring to mj's rookie #57.

using vcp, I called up all the sales of all the 2nd year #59's, psa 6 and 7.


they went up in value, of course, , and the "high" is a "little choppy", but basically holding a "relative straight line".

i.e the 6's are $600-$700 (throwing out 1 bin for $999)

the 7's are $900-$1,100 (throwing out 2 high sales, and 1 low sale)

its been very well documented the #59 psa 9 CORRECTED, and so has the 8, but the 6's and 7's didn't have the DRAMATIC ascension, hence, holding their values.

not gonna see this posted by the naysayers, doesn't fit their narrative.

I kid. sort of.

[jnmcards]

Originally Posted by dumars2001

This has been an interesting ride over the past couple of months to say the least! At one point about 3 weeks ago, this card (in all grades) was literally going up on a daily basis (sometimes hourly basis). I think it is pretty safe to say that it has finally peaked and has steadily started its descent back down to the unknown, but definitely a pretty steep decline from only 3 weeks ago!

I saw sellers with all different grades of this card raising there BIN's each day leading up to the spike (but I would have done the same, if I were selling my card), now some of them still own the card, because they put the price too high and thought it would continue to rise in price endlessly (no shame there though, because what was happening was unprecedented with this card and no one knew if the card would continue to go up in price or not, but at the time, it sure seemed like a no-brainer decision to hold/keep raising up the price of the card, if you had one in your collection or for sale).

I saw many sellers taking the "risk" (it looks like the risk paid off handsomely) and selling their card as the card was increasing in value day after day (of course, this could have back-fired if the card continued to go up). These guys look pretty good right now though, because they can buy the card back now in the same grade (or higher grade) that they just sold a couple of weeks ago for a much lower price and have a lot of extra cash now! They win, they get their card back and have a lot of extra money(lol)!

Another strange observation is that the graded 1's to 4's seem to be pretty steady and holding their value pretty good and are still selling for a solid price. Considering how low these grades are, it shows that many people/collectors just want to own this card in any condition, even in poor condition. I saw a couple 1996 Fleer Jordan Decade of Excellence graded BGS 9.5's that sold for almost $1,500!!

Anyways, it has been a fun ride going through this whole explosion (and not just the Jordan rookie/cards). To put it in proper perspective though, the card is still being sold for thousands of dollars in each grade almost every hour, every day! My personal opinion is that collectors will have to hold their cards or make their listing a buy it now, for a price just under the spike (rather than listing them in an auction, one after another). This will create less supply of the card and then it will retain its high value. The opposite is continuing to happen though. There is literally a new listing in all grades of this card almost hourly. This will of course have a negative effect on the value, because the market is absolutely flooded with this card at the moment. The million dollar questions are, how much value will this card in all grades finally end up at? Does it have a chance to go back up? If yes, with how readily available this card is right now, how can it possibly not continue to go down in value? Will the PSA 10 hit a million? How much more of a decline will we see? What are your predictions on the market for this card from right now to a year from now?

Strange post here. I assume you're pretty new to collecting, as the same cards you are talking about were selling for about 20% of what they are now just a few short years ago (or in some cases months).

When a card jumps 500% and then goes down, but is still up 300%, it's still a relative gain, which is all that matters in the end. I can guarantee with certainty that we will never, ever see the same floors that were present even 6 months ago on this stuff.

[Slvnumber2]

Originally Posted by Brent72

As you can clearly see from my post, I asked if a number like that was possible given the usual conversion rate between 9s and 10s. I also said it was much more likely to be in the lower range than it was the 28-30% gap that is typical between those grades.

I see you get off picking and choosing comments trying to make yourself look smart, but I find you endlessly annoying and I'm not going to waste any more of my time trying to have a logical discussion with you. If any forum ever needed an Ignore option it's definitely this one!

You said it was nowhere near $200k which was smart and then used the $80-100k value in the next breath. You stayed the range nobody put a gun to your head. Sorry if you don’t like your own post showing what you said - nobody “picked and chose” your own words for you. Maybe next time think first and type second. The ignore feature would have been great for people who were taking all that great advice of how high the Jordan card was going to hit - all I heard was a few people mad because I said it was being pumped and too high and use caution. Guess who buyers would have been wise to listen to if they had wanted to save money and buy a sweet Jordan for 40% less...

[FT35]

Originally Posted by jnmcards

When a card jumps 500% and then goes down, but is still up 300%, it's still a relative gain, which is all that matters in the end. I can guarantee with certainty that we will never, ever see the same floors that were present even 6 months ago on this stuff.

I agree with you!

However, I was told a few days ago to expect Jordan cards to return to pre-2016 prices soon.

[Brent72]

Originally Posted by FT35

I agree with you!

However, I was told a few days ago to expect Jordan cards to return to pre-2016 prices soon.

Yeah, those "experts" are going to be right on the money with that prediction.

[Slvnumber2]

Originally Posted by GOATcards

Damn this is a nice-looking 9
https://www.ebay.com/itm/363303545350

These are the cards with the most potential - 9’s that people think have a shot to bump to a 10. I can see these going for strong prices.

[packfan15412]

was able to to snag a bgs 7 in a trade cash deal... i'm never selling my fleer 86 ever again lol