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

[auburn35]

Originally Posted by GOATcards

i just want to see that coffee-stained 10 go up for sale and shatter under $10K (i.e. price for an 8) like it deserves to. Some dipwad hasn't taken PSA up on its grading guarantee, why? Just so they can own a slab with a 10 on it?

With PSA now having both a card and lifetime cap on their guarantee; in addition to getting PSA to admit a mistake, you have to be selective in what you submit for review. A few high-end purchases from the wrong dealer and a collector could hit these targets very quickly.

In each case of a Guarantee claim, there is a per-card cap of $250,000 and a lifetime cap of $500,000 per person (together, the “Maximum Amount”). PSA will not pay Guarantee claims in excess of the Maximum Amount.

Maybe the owner of the coffee stained Jordan has already reached their refund cap and is unable to have PSA honor the guarantee?

[GeechQuest]

Originally Posted by GeechQuest

To negate the possibility of that price, which again would still be a 20% increase over a 3 year period (the card could be had for $20K cash at the 2018 National), means maybe we are still in the willful exuberance phase....

Time will tell. Still have over 90% of the population to sell through.

Originally Posted by GeechQuest

Summer 2016 was higher than Pre-Covid.

I don’t believe we dip that hard, but I’m also not willing to negate the possibility. It’s very possible this goes to $25K again, which would still be 20% gain in 3 years time frame which is above average for cards.

Originally Posted by GeechQuest

Fun to see. Here are the total number of sales per year + average sale price.


2015: 16 ($16K)
2016: 35 ($25K)
2017: 28 ($19.6K)
2018: 21 ($23K)
2019: 20 ($28.5K)
2020: 27 ($100k)
2021: 44 ($409K)

So far in 2022 we have 2 sales @ $324K.

We sold through roughly 14% of the population last year. Still have a ways to go. It took us roughly 5 years to accumulate 30% of the pop and run the game.

Originally Posted by GeechQuest

Of course there’s room, and those who accumulated will still make a killing unloading onto bag holders.

Tale as old as time.

No the bottom isn’t in on this card.

We still have a ton of the pop to sell through.

Liquidity works both ways. It’s great when you find the sucker to overpay, and is absolutely daunting to realize there aren’t 300+ people willing to fork over the type of money needed to obtain this card currently.

[GOATcards]

Originally Posted by auburn35

With PSA now having both a card and lifetime cap on their guarantee; in addition to getting PSA to admit a mistake, you have to be selective in what you submit for review. A few high-end purchases from the wrong dealer and a collector could hit these targets very quickly.



Maybe the owner of the coffee stained Jordan has already reached their refund cap and is unable to have PSA honor the guarantee?

i just love all these unheard-of loopholes in their "guarantee," with this one you can tell they were actually pressed to honor it and they found that they couldn't profitably. Where's Abra?

[Yankees2020]

Originally Posted by bigdog2003

I don't see them ever getting that low again. Maybe the $75k range is the floor. I think there is to much manipulation still going on to see them get under that.

So you're thinking Jordan cards are being manipulated?

You know... I've always thought that! Especially silly 90's inserts. I always felt those were fake prices just to try and drive the market up and create all the nonsense hype, that has now died down, thankfully. But I think you're right in saying that manipulation is still going on, for sure. No way thats a 75K card lol. Maybe 15K at best.

[Starman101]

Originally Posted by Starman101

When dudes own stashes like this you have to be kidding me if you think this card isn't super manipulated given the high pop....

If economy goes South (which it sure appears it is) I can easily see a 100k floor

Alot of people say ohhh that's when I'll buy one....

But not if you lose your job. Not when inflation is cutting into disposable income. Not when investors are taking big hits from substantial losses in crypto stocks and likely real estate and home equity once the lag of skyrocketing mortgage rates kicks in. Not when flippers game is over due to lower liguidity in the card market.overall. I mean I can go on and on here....

Without the investor support which pushed this card in the easy cheap low interest and stimulus money days of 2020 and 2021 i suspect many investors will be reallocating funds into less riskier investment classes than cards. I believe that lack of support will greatly diminish the floor on this card given a 300+ PSA 10 Pop Report

You have to remember this card was 20k only a few years ago and even at 100k is still 5x was it was only a few years ago

Disclaimer: I'm not trashing this card by any means. I am just speaking supply and demand here

I posted this back on 10/6/22...

Not surprising the trajectory down on the 86F....winding clock ahead 5 months. Can't wait to see what it's gonna be in another 6 months. Lol

Rare cards are nicer, except when the amount of people willing to pay manipulated prices becomes even rarer. Or even non existent. Lol

I see these dudes now dumping all their manipulated high pop PSA 10 Lebron chrome RCs too now this way they stick the buyers with a nice loss before $hit hits the fan and it shows up "officially" on card ladder as a substantial loss in another 6-12 months

86 Fleer. PMGs. LeBron RCs. Poopini Gold. Same ol crap.... Same ol crap....

These same dudes rotate pump and dump cards and are real trash

I've noticed the latest pump and dump scheme I'm now seeing is 90s Stars PSA 10 inserts of players like Ewing Kemp Rodman etc...

It really is pathetic and the "new" hobby has become a real joke because of these bad actors

This way they can stick the buyers with losses and "improve" by consolidating up their PC...

HOWEVER....

Those "RARE" cards they are "consolidating" into will then be listed for sale into the "auction buddies good ol boys club " pumped as rare blah blah blah and manipulated for big gains as well....

Same ol crap....i mean it's pretty much....GUARANTEED (ala Charles Barkley on TNT..lol)

When I see these dudes brag about their PC I question....Who did you screw over to get your PC? Was it really ethical.? For these bad actors it is never ethical. Though they'll remain in denial with selfish greed as their blinding objective

For many of these parasites they are actually shooting themselves in the foot as the high end market will continue to soften simply because due to a decline of credibility

For the real collectors low end really is the best way to enjoy the hobby while the high end market sorts itself out in the next few years...

And weeds out the trash of the hobby

[auburn35]

That questionable 130k PSA 10 eBay sale from last week got another strike against it being legit, when the seller oddly relisted/"sold" the card again yesterday.

Humorously, the seller left positive feedback for the buyer of the $35,000 listing but nothing for the 130K auction.

[Spacemanspif]

shows as paid on terapeak and has to go through authentication. so, guess you'll have to keep tracking it

[drobfan8]

Again, if you have $30k or $100k to spend on Jordan and all you come away with is his 86 Fleer Rookie than you're an idiot.

Not that I don't think you'll be fine in the long term, but there are so many great Jordans out there for that money.

[jmcca170]

Originally Posted by drobfan8

Again, if you have $30k or $100k to spend on Jordan and all you come away with is his 86 Fleer Rookie than you're an idiot.

Not that I don't think you'll be fine in the long term, but there are so many great Jordans out there for that money.

Yep, gimme a psa 7 or 8 and then let me grab some awesome inserts/ssps


Sent from my iPhone using Tapatalk

[GOATcards]

Originally Posted by jmcca170

Yep, gimme a psa 7 or 8 and then let me grab some awesome inserts/ssps


Sent from my iPhone using Tapatalk

the Star 117 obviously

[sethc1020]

Watch out for this guy


https://news.yahoo.com/82-old-charge...211953918.html

[auburn35]

What a fun rabbit hole that 130K eBay "sale" ended up providing.
Appears that recent eBay PSA 10 "sale" (22978516) is/was part of Probstein123's collection. Even appears in Ricky's showcase, from this recent IG video he posted last week.

Also humorous, the card right next to it in the video just happens to be the infamous "coffee stained" Jordan (02000290) that was pulled from Goldin auctions and "reviewed" by PSA. Was Probstein the consignor or the person the "10" was dumped upon, after Goldin pulled the auction?

Originally Posted by kgoldin

The card was not removed for print marks. the card was removed due to what appears to be coffee stains throughout the back of the card

[JAMSC]

There’s currently a fake PSA 10 up on eBay. Reported it this morning, but it’s still live as of right now.

https://www.ebay.com/itm/16597562062...mis&media=COPY

[auburn35]

Originally Posted by JAMSC

There’s currently a fake PSA 10 up on eBay. Reported it this morning, but it’s still live as of right now.

https://www.ebay.com/itm/16597562062...mis&media=COPY

Nice catch and effort to report the listing.

[GOATcards]

Originally Posted by auburn35

Also humorous, the card right next to it in the video just happens to be the infamous "coffee stained" Jordan (02000290)

everyone remember that serial # it's the kiss of death

where's abra

[90skid]

Originally Posted by JAMSC

There’s currently a fake PSA 10 up on eBay. Reported it this morning, but it’s still live as of right now.

https://www.ebay.com/itm/16597562062...mis&media=COPY

I love messing with people so I messaged this seller about this card and his response was "what are you talking about?" "the card is exactly as shown". Yup, ok dude.

[ReggieBush22]

Originally Posted by JAMSC

There’s currently a fake PSA 10 up on eBay. Reported it this morning, but it’s still live as of right now.

https://www.ebay.com/itm/16597562062...mis&media=COPY

That's a terrible fake. SOOOO obvious LOL.

[JAMSC]

I messaged the seller and got them to remove it

[JWBlue]

Originally Posted by auburn35

That questionable 130k PSA 10 eBay sale from last week got another strike against it being legit, when the seller oddly relisted/"sold" the card again yesterday.

Humorously, the seller left positive feedback for the buyer of the $35,000 listing but nothing for the 130K auction.

Originally Posted by Spacemanspif

shows as paid on terapeak and has to go through authentication. so, guess you'll have to keep tracking it

Am I understanding this correctly?

A 1986 Jordan PSA 10 sold for $35K?

If so is this just someone needing cash?

[DragonWagon]

Originally Posted by JAMSC

There’s currently a fake PSA 10 up on eBay. Reported it this morning, but it’s still live as of right now.

https://www.ebay.com/itm/16597562062...mis&media=COPY

Added to the Altered Card Database https://www.tiffanycards.com/altered-card-database

Fake 1986 Michael Jordan 57 Fleer PSA 10 cert# 45150514

[Spacemanspif]

Originally Posted by JWBlue

Am I understanding this correctly?

A 1986 Jordan PSA 10 sold for $35K?

If so is this just someone needing cash?

$110k. It was a $35k min bid w/offers

[JAMSC]

https://www.ebay.com/itm/31446177891...mis&media=COPY

This PSA cert is valid, but I still had a weird feeling about this listing. This is being sold from Canada, which conveniently gets around the eBay authenticity guarantee, but it’s already supposedly eBay authenticated right? Here’s the part that throws me off. I’ve had a few cards I’ve purchased go through their authentication program and none of them look like this. I also can’t find a record of this selling previously on eBay in the time where it would have gone through the authentication program.

So posting this so that those better at spotting fakes than I am can take a look and see what they think.

[pcptrade]

Originally Posted by JAMSC

https://www.ebay.com/itm/31446177891...mis&media=COPY

This PSA cert is valid, but I still had a weird feeling about this listing. This is being sold from Canada, which conveniently gets around the eBay authenticity guarantee, but it’s already supposedly eBay authenticated right? Here’s the part that throws me off. I’ve had a few cards I’ve purchased go through their authentication program and none of them look like this. I also can’t find a record of this selling previously on eBay in the time where it would have gone through the authentication program.

So posting this so that those better at spotting fakes than I am can take a look and see what they think.

Look at the Right to Left centering on the back on image 6 of ebay listing vs the centering on the back (image) on PSA website

https://www.psacard.com/cert/22983939

Screenshot_20230314-081648~2 by icollector23, on Flickr

Screenshot_20230314-081838~2 by icollector23, on Flickr

[KhalDrogo]

Originally Posted by JAMSC

https://www.ebay.com/itm/31446177891...mis&media=COPY

This PSA cert is valid, but I still had a weird feeling about this listing. This is being sold from Canada, which conveniently gets around the eBay authenticity guarantee, but it’s already supposedly eBay authenticated right? Here’s the part that throws me off. I’ve had a few cards I’ve purchased go through their authentication program and none of them look like this. I also can’t find a record of this selling previously on eBay in the time where it would have gone through the authentication program.

So posting this so that those better at spotting fakes than I am can take a look and see what they think.

Fake.

[JAMSC]

Thanks for confirming my suspicions on this one. Probably good to be aware there are fake eBay authentication stickers out there already too.

The real eBay authentication includes a QR code you can scan to verify the item.