Curious to know your opinions on this?
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Cards won’t be affected much if you store them well but the value will drop due to a fall in spending power. Hope that helps.
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I agree with Chok. Cards will probably devalue a bit due to the fact that consumers have less to spend. However I do think that rare cards will maintain their value.
The most sought after/popular cards will drop very little due to most of the cards are now in the hands of collectors who are in the collecting game until death.
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This article was written following the 2009 recession: www.inherited-values.com/2012/07/how-has-the-recession-affected-the-market-for-collectibles. It definitely reflects what has been said above, but for reference:
tl;dr: Expect top-end cards to remain as high as they’ve ever been, but expect mid-range cards to drop in value and lower-range cards to drop significantly.
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The question is what is high end and what Is mid end for a PSA card? Another qn is what will happen to booster box prices?
The USA economy is smoking hot and that should continue for the next 6 years at least (unless there’s an administration change next year then we’re in trouble).
I’m optimistic though:)
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The highest sold eBay listing is the low end of the high end.
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A “significant” drop for lower-end PSA cards that are even slightly over cost right now would still be very low, though. If it costs 10$ to grade a card shipped, the raw card is 5$ and a PSA 9 copy sells for 19$, the price floor is very nearby. If you’re paying a 10x premium for the PSA 10 version, I’d say there’s more room for that one to move.
I’m interested in what will happen to modern PSA cards, especially of sets still available at msrp, and what types of people they’re held by.
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For high end- Low pop cards, i doubt a huge recession would hit those cards, mostly due to the fact that some cards have such a low pop and i dont see the people holding them actually letting those cards go.
Would a bunch of millennials who have hyperextended their budget collecting a bunch of psa graded set cards be affected if they lose their jobs and have no savings??
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Depends what you mean by “lower range.”
For example, a lot of the PSA 9 WOTC holos can’t really go much lower. A lot of the 1st Ed. Team Rocket holos sell for around $30 shipped. I’m not sure they can drop much more.
I bought a handful of those between $19-22 in the past so I can guarantee they can go lower
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Part of me wants a recession to happen so we just know. This is a constant topic because it has yet to occur in an established market.
The lower priced cards and/or high quantity cards have the highest probability of dropping.
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I think high prices and new record sales increase consumer confidence. I’m nervous what would happen if prices started to dip or stayed stable for a long period.
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a recession would probably affect any market in some ways, but I don’t think this hobby is that exposed were people go in debt to buy pokemon cards. Also the “big” guys that hold all the valuable stuff can probably ride out a recession, so in some ways I think it will affect more the liquidity than the price of the cards in itself.
Right, but prices have increased a bit since then, and even if they drop to $20 again, that isn’t a significant dip. Any lower than that and they are going below cost, which will almost definitely not happen.
Everything will go way down, the end.
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Wouldn’t PSA 10 WOTC holos have a higher probability of dropping than most PSA 9s? I just don’t see how much lower a lot of these 9s can go. Obviously there are some exceptions (i.e. the Jungle Eeveelutions, Fossil Dragonite, Neo Genesis Lugia, etc.), but is something like a $25 PSA 9 Neo Genesis Jumpluff going to drop to $10-15?
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