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For the most part this. I'd argue that we're on the wrong side of the peak, and the decline's already started.
Things change. Although, I will say seeing the e-baseball cards become a thing for a while was pretty depressing.
Not all 10s are created equal. . Make you look at where the grade came from (PSA / BGS / SGC / probably others since I stopped paying attention years ago). And price specifically to that grade and grader on eBay.
People with money like to show off things other people want. Not many people want this, so there's your answer.
I have no reason to doubt you or your friend, but unless your friend is a collector (or wealthy), this card isn't one of those things that people just have laying around. There are only about 250 in the world. So that means: A) he bought it already graded and he paid 12k-20k for it,, which all he can hope to do now is break even or B) he got it graded, which means he has to be a serious collector to find an unopened pack--(which is basically a $200 lottery ticket and a lot of these have been opened and then resealed) and then to get lucky to find a perfect Jordan as this set has serious centering problems. It would be like winning the lottery odds-wise.
It's a friend of a friend. My friend is a good buddy, he has been close with this guy for a long time. This guy has been sitting on this card forever and is a collector, everything checks out as legit, and if I buy it, I've found a few different PSA graders in the area, I'd pay one to come along with me just as insurance and a final inspection. I'm not concerned about the legitimacy here, as I think that is pretty well covered from my end.
fantasycurse42 said:
Or C) he bought these from a guy in a white van 15 years ago for the bargain price of $250 a piece. In which case, they are a handful of MANY counterfeit Jordan’s.
I think that is smart. I have collected for years and I have never believed it to be something I could retire on. My collection is pretty diverse and well organized for as large as it is, but I told my wife and daughters if I die, the first 35k offer they get--take it.
Wouldn't the PSA grader know the difference? And then a second PSA grader too who I would pay to come along for the purchase?
Just to clarify, you think owning a PSA 10 Fleer 86 Jordan is smart?
On the other hand--Jordan still being alive is the only reason why that card isn't worth $40-50k currently. Don't get me wrong--I don't disagree with what you are saying---but the fact that Jordan is still alive is what gives that card upside. What do you think happens when Jordan passes away? That card skyrockets when that happens. It's very hard to give the OP a definitive answer on if the card is worth buying if he gives us no idea how much he'd be paying for it either. If the card is truly legit--and his "good buddy" would offer to him at a "good buddy" great price--then it makes sense. If his good buddy wants high retail pricing for it--then it's not as clear whether or not it's a good buy.
There are fake Jordans in fake PSA holders. I'd check the cert # against the online database and have it looked at again as faked as that card is.
True. And while I understand that it happens, anyone paying extra money for something like this because that person has become a corpse needs their head examined. The person dying does nothing to the card. Also, if I remember correctly, the death only provides a small window of skyrocketing and the market usually stabilizes in short time.
There are only a few hundred of these on the planet. Also, I do think it would be an awesome piece of memorabilia to own. Growing up, outside of Montana, then Young (along with Rice for both), he was my favorite athlete to watch.
Meh---thats not much of a discount at all. They sell as low as $18k and maybe as high as $24k at auction. If you back out fees and such--the range is probably $17k-$23k. That's not really a good buddy discount--that's really in line with fair market value. You'd be doing him a favor by derisking him from bad buyers and things of that nature. A good buddy discount for a legit card would be in the $15-17k range. Many of the ones selling on ebay are being sold through big card houses that take a commission on top of what ebay/paypal charge. I like the idea of owning a legit 86 fleer PSA 10 jordan in general--but that price is not motivating at all. I'd steer clear at that buy in.
I don't like condition rarities, I like true rare items. There are tens of thousands of Jordan rookie cards. The difference between a PSA 9 and 10 is subjective. Im willing to bet we could take five 9s and five 10s out of holders and you wouldn't be able to separate them correctly. If you want a card, id definitely go pre war. Something else, id love to have a Paul Revere made silver spoon.
Because you, of all people, would be impervious to the downfalls of a recession and have the disposable income to do that.
Agree with that take, it's not a terrible price but that's also not a significant discount off market value. I don't expect a Jordan PSA 10 to ever decline in value, but it's really hard to predict how much it's going to appreciate over time. If you've got that kind of disposable cash though, there is definitely non-monetary value in the pleasure and the coolness of owning a pristine Jordan rookie.
Don't forget Michael Jordan is considered the greatest of all time by all the people with money because they were 10 years old when he was playing. 20-30 years from now he'll be like Bill Russell or Kareem Abdul Jabbar who make just about zero best ever lists even though they have as much right as Jordan to be there. 20-30 years from now it will probably be LeBron who is already in the conversation or maybe a guy like Durant who will probably retire with as many championships as Jordan.
That's a fair point but I don't see that happening with Jordan. Jordan is more than the NBA- he's also a legend in our very culture with the Air Jordan brand. He's a cultural icon as much as he's a basketball icon. There are tons of young kids that wear Nike's and Air Jordans without ever seeing him dribble a basketball
I agree with everything said here.
