Topps Project 2020 is the worst product since 1991 Fleer

[pattymahomeboy]

Originally Posted by Boredlawyer

I fear some people are going to get a costly lesson in supply and demand and bag holding.

There are well over 100,000 prizm Zions out there, and they are about $225 each raw and $500+ psa 10. So yeah, it can continue....

[justin80]

Originally Posted by Bruvydsb

Why? He is a good pitcher with a lot of strikeouts. Not an all-time great SP (per his stats)

😂 lol

[Jumpin Astros]

Originally Posted by eldavojohn

These last 36 hours selling on ebay have just been ... full moon ridiculous. I suddenly have an opinion about the capital gains tax.

For anyone wondering about taxes on collectibles, see below, an article from doing a quick google search:

https://www.investopedia.com/article...bles-taxed.asp

Quote from the article:
"If collectibles are sold at a gain, you will be subject to a long-term capital gains tax rate of 28%, IF DISPOSED OF AFTER MORE THAN ONE YEAR of ownership."

If you are holding long term, you may find the article helpful

[AlexHunter]

I officially can’t keep up now. If you need my attention tag or quote me, otherwise I’m just jumping to the bottom every time.


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[KabirC]

Originally Posted by pattymahomeboy

There are well over 100,000 prizm Zions out there, and they are about $225 each raw and $500+ psa 10. So yeah, it can continue....

Compared to most general card products these are extremely limited in production. Even more so with all the early sub 4-5k print runs. I've been watching supply dwindle while sales are SOARING. I sold a bunch of my early cards but kept half until supply is really short.

Ichiro Ermsy could hit $2k by tomorrow/day after. All these cards are skyrocketing because people are purchasing them and collecting them, they're out of circulation.

[Snakeonia]

Originally Posted by 34JacktheRipper

3 Ryan Siff's all sold this morning. Regretting not getting in on these more.

Get ready for the run

No no no. One of the 5 i need to have the full set. Every damn day


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[PDCCollectibles]

Originally Posted by KabirC

Compared to most general card products these are extremely limited in production. Even more so with all the early sub 4-5k print runs. I've been watching supply dwindle while sales are SOARING. I sold a bunch of my early cards but kept half until supply is really short.

Ichiro Ermsy could hit $2k by tomorrow/day after. All these cards are skyrocketing because people are purchasing them and collecting them, they're out of circulation.

Exactly......it’s difficult to comprehend because it’s a rarity in our world....but not in others.

[BurnerNotify]

It's becoming a full time job keeping up with all this. New forum pages are created before i can finish reading the one i'm on. Now let me figure out where i left off.

[justin80]

Originally Posted by KabirC

Ichiro Ermsy could hit $2k by tomorrow/day after. All these cards are skyrocketing because people are purchasing them and collecting them, they're out of circulation.

Except I think some people (maybe not people on BO) aren’t purchasing them for their collection but to list even higher.

[Boredlawyer]

Originally Posted by pattymahomeboy

There are well over 100,000 prizm Zions out there, and they are about $225 each raw and $500+ psa 10. So yeah, it can continue....

It is certainly possible.

But there's an inherent difference between a rookie card that's randomly inserted in products and a reprint which is available to the masses at a specific price point.

If a commodity is available at a specific price point with no limitation on supply, it would be irrational to expect a drastic change in valuation without unforeseen market changes.

But I know what they say about the market being irrational.

[Snakeonia]

Originally Posted by BurnerNotify

It's becoming a full time job keeping up with all this. New forum pages are created before i can finish reading the one i'm on. Now let me figure out where i left off.

I haven’t gotten out of bed yet. Dont know wether to be on ebay scanning, on here and smiling or wtf i should actually be doing.


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[Bruvydsb]

I do think the increased pr is more about people buying quantity versus real demand.

I also think many will run out of the capital needed to continually buy two 10 packs daily and we will see print runs come back down.

It sure is fun though!

[34JacktheRipper]

RIP to the guy who just listed a Trout Ermsy for $950 lol.

[Snakeonia]

Originally Posted by Bruvydsb

I do think the increased pr is more about people buying quantity versus real demand.

I also think many will run out of the capital needed to continually buy two 10 packs daily and we will see print runs come back down.

It sure is fun though!

Thats when we strike!!!!


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[JRX]

Originally Posted by Bruvydsb

I do think the increased pr is more about people buying quantity versus real demand.

I also think many will run out of the capital needed to continually buy two 10 packs daily and we will see print runs come back down.

It sure is fun though!

Not if you can buy 50 at an avg price of 15 and resell them for 100.

[cardsforever]

Originally Posted by 34JacktheRipper

3 Ryan Siff's all sold this morning. Regretting not getting in on these more.

Get ready for the run

I was able to get that one yesterday for $200.00 and I have a Tracking number. I missed it when it was released.

[KB81]

Originally Posted by Jumpin Astros

For anyone wondering about taxes on collectibles, see below, an article from doing a quick google search:

https://www.investopedia.com/article...bles-taxed.asp

Quote from the article:
"If collectibles are sold at a gain, you will be subject to a long-term capital gains tax rate of 28%, IF DISPOSED OF AFTER MORE THAN ONE YEAR of ownership."

If you are holding long term, you may find the article helpful

This is important for many.

Folks need to be keeping records of all of these P2020 card purchases in a spreadsheet, invoices in hand or whatever else they can use to show their accountant how much they paid per item and the proof. I have a spread sheet now but will be going to ebay and Topps to print out final sale receipts and just putting them in a folder on my desktop for tax purposes.

Better to be prepared than sorry.

[KB81]

Originally Posted by 34JacktheRipper

RIP to the guy who just listed a Trout Ermsy for $950 lol.

[Bruvydsb]

Originally Posted by JRX

Not if you can buy 50 at an avg price of 15 and resell them for 100.

Until the week everyone buys 50 and the demand is gone. Question of when, not if.

[AlexHunter]

Originally Posted by Snakeonia

Better trademark that


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Submitting paperwork now!


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[Snakeonia]

Originally Posted by 34JacktheRipper

RIP to the guy who just listed a Trout Ermsy for $950 lol.

Lord please forgive seller moneyking for he know not what he do.


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[Asian62150]

Originally Posted by Jumpin Astros

For anyone wondering about taxes on collectibles, see below, an article from doing a quick google search:

https://www.investopedia.com/article...bles-taxed.asp

Quote from the article:
"If collectibles are sold at a gain, you will be subject to a long-term capital gains tax rate of 28%, IF DISPOSED OF AFTER MORE THAN ONE YEAR of ownership."

If you are holding long term, you may find the article helpful

Thanks for the infol.

I was about to start a separate P2020 thread asking about taxes and cashing out. But this sums it up well. Maybe this can be added to the OP or something so it doesn't get lost in today's 100 pages.

[thesupremefiles]

What will a signed Money Bear go for? Hmm

[JRX]

Originally Posted by thesupremefiles

What will a signed Money Bear go for? Hmm

Is it signed by the bear?

[Foo3112]

I ordered a Baller Trout (USPS smartpost) and it was delivered around Tuesday of last week.