@squirtle1000, yeah sorry, didn’t read it. Meant pack fresh looking front. With that kind of wear on the back it wouldn’t be pack fresh. Total brain fart moment.
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I think it’s also important to note the stark, black background in the photo. It’s a great way of showing condition, but with WOTC-era cards it can also trick your eye into mistaking excess on the borders as whitening. I do agree, this probably doesn’t deserve a 9. But with that perfect centering and what I can only assume is a flawless surface, I’m not surprised by the grade. Like @neverforget50in07 said, I’ve seen far worse in a PSA 9 case.
“Buy the card, not the grade” 
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I’ve seen worse 10s lol
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Which is worth more?
So i just read that theres a bid going on Goldin Auctions about a 1999 1st edition Charizard card that is a Gold Label Pristine 10 by SGC, and it’s Black Diamond Certified
is it more valuable than bgs 10 1999 1st edition Charizard?
(Like the one gary showed in pawn stars)
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Probably not
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I could see it going for more than a PSA 10, especially with the news coverage and to someone outside of the Pokemon hobby. There aren’t really any BGS 10’s sales to compare it to so price wise its uncertain. But for value, you are getting a 1 of 1 card vs a 1 of 3 card so thats up to the buyer which they would value more.
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Don’t forget about the nick/chip in the front, top right border of it. Feel likes there’s no way the card would cross to PSA or BGS with that damage.
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I was thinking of bidding on some cheap CGC cards and either sitting on them and seeing how the market on CGC cards changes or sending some to PSA. I’m thinking a CGC 9-9.5 could change to a PSA 10, CGC 8 to a PSA 9. Even if a CGC 9 turns into a PSA 9, the PSA 9 is currently a lot more valuable. But with the backlog at PSA I’m not sure how much of a return I could get on some of these cards once I actually get them back. Just looking for some thoughts on this.
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As you said, the issue is the backlog. If you could instantly convert a CGC-slabbed card into a PSA-slabbed card, then there would absolutely be opportunity for arbitrage. But because of the PSA turnaround time, you have to make assumptions about what the card is going to be worth 6-12 months from now. And it’s impossible to do this with any real accuracy because of how unpredictable the market is.
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Agreed. I think I’m going to still try if I can get what I believe is a good deal. But I’m not gonna go crazy with this strategy.
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You could always express it for $60
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If I was trying to do this for higher end items then yeah but I’m talking about bidding on shadowless commons and 1st edition jungle/fossil commons/uncommons. Express pricing would negate the returns.
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A collector is selling off his entire Pokemon collection to pay off his house, here is his video on YT.
Some highlights from his collection:
- Neo Gen Lugia 1st Ed PSA 10. He sent it to BGS in the hope of crossing to pristine 10 before auctioning it off
- Complete Neo Rev & Neo Destiny Shinings in PSA 10. Gary and karp are ending in 1 day.
- Neo Rev Dog Trio 1st Ed PSA 10 Suicune, Entei & Raikou. AFAIK, these three are all under pop 30 and have never been publicly auctioned/sold in 2020, so I’m very curious about where will they end. They all end in 1 day.
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Continuing the market crash talk here.
Arent people concerned about this crash? I don’t see many posts talking about this. I understand that prices are still up from 1 year ago, but 70% decreases in peak in any other market category would be end of the world talk.
At a minimum, this is not good for any of the new people that started collecting this year as they have seen prices fall off a cliff.
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You said it yourself, new people. Not all cards are crashing, only the ones which had a massive rise in the first place. These cards were also expected to go down after the rise since most thought (turns out rightly so) the prices were not sustainable. The reason not a lot of people here are concerned is either they dont dabble around in the stuff that is crashing (you all know the cards that are) or that they bought it long before the rise in the first place which means they are still way up. New people go to instagram and youtube and do not usually come here, so we hear less complaining about it here.
Does that mean it sucks for those who bought at market highs, yes. But why would you buy cards that have risen 300% in a month. that is very speculative and stupid to buy as an investment. Yea, it sucks for them, but maybe buy a bit smarter next time (easy to say after the fact, but alas)
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If you don’t see many posts talking about this you should read the last 10-20 pages of this thread. There are multiple reasons why I think people aren’t/shouldn’t be worried about this ‘‘crash’’:
- As you said yourself, all cards are still worth more than they were 6 months ago
- The 70% drop only applies to items that have seen a surge in availability, and reached peaks that were obviously unsustainable
- Many other cards/items have been stable/gone up slightly during this ‘‘crash’’
I’m not gonna deny that some cards/sets have fallen like a ton of bricks, but from my point of view that was to be expected. Prices just got out of hand so quickly after the Logan Paul hype.
Yes, it may be terrible for new collectors that bought some of these cards. But what is there to do about it? If they buy cards for certain prices and then see the prices drop and are unhappy about it, then it means they shouldn’t have bought those cards.
In the end, this ‘‘crash’’ pales in comparison to the absolutely gigantic rise that basically all pokemon cards have gone through since the start of the whole COVID situation.
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Bidder IDs protected. Bummer. Even though I think everyone should just bid on auctions based on what they are willing to pay or not pay–so ID protection should be of no consideration–I still can’t get myself to bid on auctions in which it’s harder or impossible for me to rule out shill bidding. I’m going to have to deal with it for PWCC auctions if there’s a hard to find card I really like, but I think sellers sometimes get less money by listing auctions this way.
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I’m not a fan of private listing as well, but like you mentioned, as long as we just put the max bid we’re willing to pay there, that shouldn’t affect us too much.
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The market overall is efficient. Efficient, but slow getting where it “should” be at times.
When the market participants get antsy or impatient and do too many things too quickly the market can’t keep up and prices stop making sense through temporary inefficiencies. Grading backlogs add to this drastically. The market and it’s participants are as impatient as ever and after a long summer overreacting (or FOMO) favoring the buying side we are now seeing overreactions (or FOMO on all time highs) to the sell side on many cards since people think the bubble popped and they missed out on all time high sale prices (some may have, but it isn’t an overall thing as the market varies so much). All these short term inefficiencies and overreactions lead to a lot more “alpha” or “noise” in the short term price movements.
Long term trends aren’t going to majorly change for too many things (except the ones that made absolutely no sense). There are going to be and may already be some great buying opportunities on cards that are going to “overcorrect” to the low side. I picked up a lot of SV49 when they bottomed to the $400-500 range and then subsequently sold many >$1,000 and plan to do similarly with any cards that go lower than they “should” be worth (read: short term inefficiency).
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Can’t really know the price for for sure for modern product atm…
How would you determine the intrinsic value of the Champion Path Shiny Charizard V?
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