Gold Star Legendary Dog Bubble - The Now

[pikachuisbestpokemon]

@smpratte

The market is large enough to absorb them.

but not if the market gets flooded with them. The wildcard with these cards is what the people who have the massive amounts of raw cards decide to do. My guess is the people who have them are very sophisticated in terms of understanding how a collectible item works and understands the power of having a large position in the item. The people who bough this item in bulk when it was cheap probably figured you need to let your cards age like a fine wine.

[smpratte]

@pikachuisbestpokemon

@smpratte

The market is large enough to absorb them.

but not if the market gets flooded with them. The wildcard with these cards is what the people who have the massive amounts of raw cards decide to do. My guess is the people who have them are very sophisticated in terms of understanding how a collectible item works and understands the power of having a large position in the item. The people who bough this item in bulk when it was cheap probably figured you need to let your cards age like a fine wine.

The market has absorbed them. Prices haven’t decreased.

[pikachuisbestpokemon]

@ripguyfawkes

@pokeaddict84

He is clearly still slowly leaking them into the market when one of his sets sells on ebay. I know he doesn’t have them all though. Back in 2017 I bought raw copies from a seller in Wisconsin who had roughly 600 of them. I could have bought at $40 each. I only bought one of each and graded 2 10s and a 9.

So there are even more of them?
Let’s not kid ourselves. If these were any other cards, it wouldn’t be as bad. But one of the defining features of the Gold Stars is that they are supposed to be rare. Few set cards have a pull ratio of 1:72 or lower. So for the 3 legendary beasts to have so many ‘illegal’ copies in circulation hurts not only the legendary beasts, it also casts doubt on the other Gold Stars, no matter how small that doubt might be.
Screw whoever leaked those cards. Screw them.

The bigger issue is controversies like this is a net negative on the hobby overall since it casts doubt on everything. People can always ask the question ‘if this happened to these sets of cards, what other cards did this happen to that we don’t know about?’ The whole thrill of collecting is the thrill that you have something that is rare and hard to obtain. Fear and greed is what moves markets.

Keep in mind there was a similar controversy in baseball cards related to the 1989 ken griffey Jr upper deck card. They printed sheets of just that card and people apparently had thousands of them. Word got out about it and it was so serious that upper deck actually lost their license to print MLB cards. I don’t know if there is any relationship but baseball card sales plummeted over the past 20 years and only surged back in the last 6 months.

[pikachuisbestpokemon]

@smpratte

@pikachuisbestpokemon

but not if the market gets flooded with them. The wildcard with these cards is what the people who have the massive amounts of raw cards decide to do. My guess is the people who have them are very sophisticated in terms of understanding how a collectible item works and understands the power of having a large position in the item. The people who bough this item in bulk when it was cheap probably figured you need to let your cards age like a fine wine.

The market has absorbed them. Prices haven’t decreased.

That is true right now but like I said, the wild card is always what the people who hold the cards decide to do. If they decide that having 1,000 raw gold star dogs is important to them and will not sell them then yeah, no impact on market prices. If they decide to suddenly grade the cards and start dumping them then…red’s pikachu 270 incoming. Impossible to know what their plan is but it is an interesting story to say the least. Hopefully this doesn’t end up being an iconic story about the hobby.

I post/read in other forums that have younger collectors and they don’t really know this story so it seems to mostly only be known by the people who have been around longer. As a community, I think it is best we let stories like this wither away into the sunset since it appears to be an isolated situation.

[jonandek]

@pikachuisbestpokemon

@ripguyfawkes

So there are even more of them?
Let’s not kid ourselves. If these were any other cards, it wouldn’t be as bad. But one of the defining features of the Gold Stars is that they are supposed to be rare. Few set cards have a pull ratio of 1:72 or lower. So for the 3 legendary beasts to have so many ‘illegal’ copies in circulation hurts not only the legendary beasts, it also casts doubt on the other Gold Stars, no matter how small that doubt might be.
Screw whoever leaked those cards. Screw them.

The bigger issue is controversies like this is a net negative on the hobby overall since it casts doubt on everything. People can always ask the question ‘if this happened to these sets of cards, what other cards did this happen to that we don’t know about?’ The whole thrill of collecting is the thrill that you have something that is rare and hard to obtain. Fear and greed is what moves markets.

Keep in mind there was a similar controversy in baseball cards related to the 1989 ken griffey Jr upper deck card. They printed sheets of just that card and people apparently had thousands of them. Word got out about it and it was so serious that upper deck actually lost their license to print MLB cards. I don’t know if there is any relationship but baseball card sales plummeted over the past 20 years and only surged back in the last 6 months.

while I agree there’s nothing positive about this (i.e. we are in agreement), it is relatively old news. I think you’re over-correlating with the Ken Griffey junior analogy. separate issues led to the decline of the baseball card market. like too many sets being printed, too many cards printed in each set, EVERYONE saving their sets thinking they would be valuable someday, coupled with an overall decline in the game’s popularity relative to other sports. imagine if you could buy the latest pokemon set not just from the pokemon company but from several other competing companies at once? you could imagine the impact that alone would have on value.

[pfm]

@pikachuisbestpokemon

@smpratte

The market has absorbed them. Prices haven’t decreased.

That is true right now but like I said, the wild card is always what the people who hold the cards decide to do. If they decide that having 1,000 raw gold star dogs is important to them and will not sell them then yeah, no impact on market prices. If they decide to suddenly grade the cards and start dumping them then…red’s pikachu 270 incoming. Impossible to know what their plan is but it is an interesting story to say the least. Hopefully this doesn’t end up being an iconic story about the hobby.

I post/read in other forums that have younger collectors and they don’t really know this story so it seems to mostly known by the people who have been around longer.

I think you are simultaneously overestimating how large a position people are currently sitting on and also underestimating how quickly 1000 copies would be absorbed today.

[pikachuisbestpokemon]

@jonandek

@pikachuisbestpokemon

The bigger issue is controversies like this is a net negative on the hobby overall since it casts doubt on everything. People can always ask the question ‘if this happened to these sets of cards, what other cards did this happen to that we don’t know about?’ The whole thrill of collecting is the thrill that you have something that is rare and hard to obtain. Fear and greed is what moves markets.

Keep in mind there was a similar controversy in baseball cards related to the 1989 ken griffey Jr upper deck card. They printed sheets of just that card and people apparently had thousands of them. Word got out about it and it was so serious that upper deck actually lost their license to print MLB cards. I don’t know if there is any relationship but baseball card sales plummeted over the past 20 years and only surged back in the last 6 months.

while I agree there’s nothing positive about this (i.e. we are in agreement), it is relatively old news. I think you’re over-correlating with the Ken Griffey junior analogy. separate issues led to the decline of the baseball card market. like too many sets being printed, too many cards printed in each set, EVERYONE saving their sets thinking they would be valuable someday, coupled with an overall decline in the game’s popularity relative to other sports. imagine if you could buy the latest pokemon set not just from the pokemon company but from several other competing companies at once? you could imagine the impact that alone would have on value.

I’m just pointing it out since the overall story is basically the same…massive amount of cards come from a mysterious source. Rumors spread, some evidence is released etc. etc. The difference here is the upper deck story was actually confirmed to be true when MLB investigated. In our situation, there was no actual investigation (as far as I know) so the whole thing could just be a bunch of hot air.

but overall, I agree that the things you mentioned is what resulted in the decline of baseball cards. For me personally I must’ve tossed over 50,000 baseball cards from the 80s and 90s in the trash because they were basically worthless and took up too much space. I bought most of these when I was like 10 years old so I didn’t know better. I had fun collecting them.

[jonandek]

@pikachuisbestpokemon

@jonandek

while I agree there’s nothing positive about this (i.e. we are in agreement), it is relatively old news. I think you’re over-correlating with the Ken Griffey junior analogy. separate issues led to the decline of the baseball card market. like too many sets being printed, too many cards printed in each set, EVERYONE saving their sets thinking they would be valuable someday, coupled with an overall decline in the game’s popularity relative to other sports. imagine if you could buy the latest pokemon set not just from the pokemon company but from several other competing companies at once? you could imagine the impact that alone would have on value.

I’m just pointing it out since the overall story is basically the same…massive amount of cards come from a mysterious source. Rumors spread, some evidence is released etc. etc. The difference here is the upper deck story was actually confirmed to be true when MLB investigated. In our situation, there was no actual investigation (as far as I know) so the whole thing could just be a bunch of hot air.

but overall, I agree that the things you mentioned is what resulted in the decline of baseball cards. For me personally I must’ve tossed over 50,000 baseball cards from the 80s and 90s in the trash because they were basically worthless and took up too much space. I bought most of these when I was like 10 years old so I didn’t know better. I had fun collecting them.

I did the same thing with my baseball cards in the 80s. collected every set, saved every set. a few years ago I ended up basically donating it all to a local card shop. imagine all of the closets in the US filled with worthless baseball cards kids had saved. mainly because their dads told them stories of their own moms throwing out all of their old baseball cards and how much they would be worth had they only saved them.

[pikachuisbestpokemon]

@jonandek

@pikachuisbestpokemon

I’m just pointing it out since the overall story is basically the same…massive amount of cards come from a mysterious source. Rumors spread, some evidence is released etc. etc. The difference here is the upper deck story was actually confirmed to be true when MLB investigated. In our situation, there was no actual investigation (as far as I know) so the whole thing could just be a bunch of hot air.

but overall, I agree that the things you mentioned is what resulted in the decline of baseball cards. For me personally I must’ve tossed over 50,000 baseball cards from the 80s and 90s in the trash because they were basically worthless and took up too much space. I bought most of these when I was like 10 years old so I didn’t know better. I had fun collecting them.

I did the same thing with my baseball cards in the 80s. collected every set, saved every set. a few years ago I ended up basically donating it all to a local card shop. imagine all of the closets in the US filled with worthless baseball cards kids had saved. mainly because their dads told them stories of their own moms throwing out all of their old baseball cards and how much they would be worth had they only saved them.

lol, yup. I go to flea markets and still see people selling factory sealed boxes of 1980s and 1990s baseball cards for like $20/box. Good throwback to the 1990s Started with baseball cards, moved to beanie babies then dropped all of the previous for pokemon cards. Developed an unhealthy habit for cracking packs. First hit and you’re addicted.

[pokematt]

I think 4-5 years ago Cardhouse was selling them a lot more and the price was very low. I was buying sets of the 3 from him and other sellers for like $150 in PSA 10 quality. I’m sure he still has a ton of the ones he did acquire from that video he posted. But as of right now, there are not really any 10’s readily available for sale on Ebay besides the one entei from Cardhouse lol. They are still a gold star, and some of the best arts as well in my opinion. I don’t think people care about what happened 10 years ago with them. People want them right now, and there’s not many available, so the price is warranted.