Hey now…
I try to make discord at least a tad bit less cesspooly 
once we have a handle on the medical system, supply chains, and hygiene practices, things will restart again - this will take time however. i don’t believe this is a failure of the structure of the economic system like in 2008. this is a viral outbreak. the origins are very different, although they might have similar consequences for the economy.
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I did make some big purchases this week.
Some people are selling their collections in fear that the prices will not hold up
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Not sure if someone has mentioned a similar experience, but I have more cash on hand as I am not driving to work, going out to eat ect. So I have extra cash to spend on collecting. Hence, I’ve bought more.
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Bought a good amount of cards the last two weeks, but will probably slow down now that my eBay bucks are finished.
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Or they can do better investments elsewhere.
Volatile times is good for playing the stock market, but investing in Pokemon it isn’t as profitable.
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Why isn’t pokemon a good bet? The stock market may have decreased by 30% but for it to return back to it’s previous high it’ll take a growth of 50%. That’s looking at the market overall. However, if you look at pokemon prices have more than doubled in the same time frame. I was wrong for thinking prices couldn’t go up anymore from where they were at when I sold my collection. However prices have doubled or tripled in the last 3 years. There are forbes articles talking about how MTG kept up with the stock market or beat it.
I understand the feeling that you could do better in the stockmarket. However, I for one am not going to underestimate pokemon’s potential.
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1st Ed. holos and other equally rare category cards - including played graded/raw copies - have been bought/hoarded in the last 3-4 years to the extent demand has basically permanently outstripped supply. I know it’s irresponsible to ever think any collectible can only go up, but there is a baked in scarcity to various parts of the supply of this game.
When I got back into this hobby (2010), one of the first things I did was buy and (ack) open 2 1st ed. German base set boxes that cost $125 each shipped. Those boxes are around $9K now. These boxes simply can’t fall out of the sky like candy. Whatever the demand is, the supply is lesser enough to the point that the cost has risen 70x in a decade. The supply not being very liquid is kind of a built in part of this rise, right?
Like others have disclaimed, I am not an economist. I can predict neither where housing prices nor pokemon prices are headed in the next 3 months. COVID-19 has had incredible ramifications, whether people dying, the leisure part of the economy completely shutting down, restaurants that will go broke forever if not bailed out, etc… I’m surprised if we see no fall, but not shocked because we have seen recently, like with this week’s PWCC auctions, that demand is still nosebleed high.
(This is my first post here in a while, so howdy y’all to new & old faces alike!)
tl;dr in a confusing twist, rare pepes cards stay rare
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Who has an old face???
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i feel personally attacked.
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In every recession it is always the same with collectibles. You get more cards being sold off by people that are struggling and need cash so prices will become depressed at a certain point. Expect more deals in the next 1-2 years I’m sure but once the economy starts back up again and people make money then they’ll feel more confident with spending money on collectibles. Plus there is lots of talk now about all this stimulus spending could cause inflation with the dollar. More people in the future I could see trying to diversify away from having large amounts of cash. Gold, silver, collectibles, crypto seem like they would be on the up and up with more popularity. Vintage PSA cards seem like the rarity and the values have been established and a history has been created…similar to gold except there is a finite supply with vintage PSA cards.
Deploying cash during recessions to buy quality assets has always been a winning strategy long-term.
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In the meantime, I’ve had my biggest month in a decade👀
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Do you mean sales, purchases or both?
In a way its between crypto and other non-registered assests. While there were thousands of cards produced, there aren’t that many PSA 10s and sealed product. I definitely see prices going up even more but I’m at a loss for the immediate 1-2 years.
Sales…
Edit: I also bought 3 cards that totaled 22,000.00 but the sales were about 130 sales compared to those 3 buys.
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Really, I guess I have noticed an increased demand for most cards.
Now I’m curious how much of this has been happening to everyone. I’ve been getting a lot of sales recently too, and I’m not accepting any offers on any of my items. It’s almost like people are playing a game of ‘see who can be stuck with the cash’, and I know for sure it’s not going to be me. Everything I’ve been selling has been reinvested in sealed product.
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Cash ≠ king
T17 = king
Sealed = queen
Pre release Raichu = joker?
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The only thing those stimulus checks stimulated was the Pokemon card market lmao
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Haha, normally I wouldn’t buy sealed. I love raw cards far more as I can PSA grade them and instantly get a bump in price while I sit on them as well. The only issue is PSA isn’t open and I don’t want to be stuck. So, I go with my next best option which is sealed, I don’t have to scrutinize sealed product, I don’t have to wait for PSA’s offices to open, I don’t have to worry about it not being a safe investment, and sealed is probably the most liquid if/when things change.
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