Michael Jordan RC, PSA 10, shatters 100k !!!

[vintg]

Originally Posted by vintg

and BACK with a "roundhouse" 3 bid, up to $ 1,800.

....and a NEW 15 minute timeclock.

right back at 'em with a $ 2,280 "flurry"


folks, I can't type this fast....

[vintg]

Originally Posted by vintg

right back at 'em with a $ 2,280 "flurry"


folks, I can't type this fast....

and the epic battle continues....$ 2,400



(I have a front row seat to the tilt b/c I bid on it a few days ago, dropped out
@ $ 576 )

[vintg]

Originally Posted by vintg

and the epic battle continues....$ 2,400



(I have a front row seat to the tilt b/c I bid on it a few days ago, dropped out
@ $ 576 )

the insanity does end at $ 2,400.

to be fair, it is a nice looking sgc 6

[Garrison8]

I’ve been watching this thread for a little while now and just wanted to bring a little outside opinion, because I think this card is interesting in so many ways.

I was an avid collector in my youth, but never a Jordan collector. I did well to actually make money on cards and understood the industry quite well.

During this pandemic, I started thinking about cards again, like many others. I knew that if I were to get back in to cards, I wanted the most secure, iconic cards there were. I wanted something that could be an heirloom, not just a player or cards that “might” become something.

I settled on this card and have bought four Jordan rcs. and a sticker in recent weeks. A BGS 8.5 (8.5,9,8.5,9.5) and a PSA 7, 6.5 and 5. The sticker is a PSA 8. I focused on centering more than anything else. I also focused on avoiding the classic print marks.

As for the PSA vs. BGS debate, I focused more on card quality. I see poorly graded BGS AND PSA. But people purchase good cards at a premium, regardless of PSA or BGS. And yes, I do see BGS 9.5’s selling for far more than PSA 9’s.

But what made me settle on this card as a long term investment? It seems criminally undervalued. When I got back into collecting, I’ll be honest, I expected the Jordan 8’s to be in the $30,000 range. I know the population of the card and the numbers. But we are talking about the single most important card in modern sports card history. The supply is fixed and will actually continuously decline over the years. Fires, floods, you name it, will slowly eat at the numbers.

We are beginning to enter a time when 40 year olds are obtaining wealth and will begin to think about retirement in 10-20 years. This was the youth at Jordan’s height. This card is their Everest. It transcends the hobby and enters every day lives of people that have no plans of being sports card collectors, they just want the single greatest piece of memorabilia of their youth. It’s the WOW in safety deposit boxes. You think 30,000 graded copies between PSA and BGS will keep prices down? Really? When something like bitcoin can have millions of coins and be worth $30k+. 30,000 graded cards is nothing here.

Jordan is the NBA. The culture, the brand, it all flowed from him. No other modern athlete in the four major sports is responsible for half the amount of exposure and development that Jordan is.

I am well aware that this card is booming right now and that there will be ebbs and flows. But over a long period of time, I don’t see how it can possibly lose. I’ll continue to throw all the excess money I can at this card. Even at these prices.

You can’t tell me that 25 years from now, the value of some random high end Ja card is of higher value than a nice Jordan rc. It just isn’t possible for an athlete to make that kind of mark on a sport anymore. Enjoy the ride.

[KB81]

Well said.

[mc1]

Originally Posted by Garrison8

40 year olds are obtaining wealth and will begin to think about retirement in 10-20 years. This was the youth at Jordan’s height.

Weve been hearing this same line for the past 10 years. Everyone that grew up in the 80s and 90s is now a chiropractor, plastic surgeon or chemical engineer.

I agree with most your points. Its just that people here on the board have been using the same point since I joined in 2012. Im sure it was being repeated in the other boards the previous decade too (2000s).

[Brent72]

Originally Posted by Garrison8

You can’t tell me that 25 years from now, the value of some random high end Ja card is of higher value than a nice Jordan rc. It just isn’t possible for an athlete to make that kind of mark on a sport anymore. Enjoy the ride.

I have to say that I agree with this 100%. Jordan, Kobe and LeBron cards will always be GOLD and nothing is ever going to change that. Guys like Luka, Giannis, Ja, etc. are hot now, but are they ever going to be on the Mt. Rushmore of the hobby? Highly doubtful.

[Ferg1945]

Originally Posted by Brent72

I have to say that I agree with this 100%. Jordan, Kobe and LeBron cards will always be GOLD and nothing is ever going to change that. Guys like Luka, Giannis, Ja, etc. are hot now, but are they ever going to be on the Mt. Rushmore of the hobby? Highly doubtful.

That's why I'm slowly trying to take some of my good cards and trade them in on Jordan and other GOATs.

I've got a couple Jordan cards plus a 1980 PSA 8 Bird/Magic RC. Eventually my remaining Giannis, Trout, Mahomes etc will hopefully become more GOATs and those I'll hold.

[cardsin47]

Originally Posted by Ferg1945

Giannis, Trout, Mahomes etc will hopefully become more GOATs and those I'll hold.

I think you’re likely to get your wish with these guys ....

[RogerGodahell]

Originally Posted by Brent72

I have to say that I agree with this 100%. Jordan, Kobe and LeBron cards will always be GOLD and nothing is ever going to change that. Guys like Luka, Giannis, Ja, etc. are hot now, but are they ever going to be on the Mt. Rushmore of the hobby? Highly doubtful.

Luka, yes imo. I think he has a very good chance. Im the biggest Luka homer there is btw so i'll just get that out of the way. I do think he will be around the Mt Rushmore by the end of his career God willing no major injuries.

Think about this.

How many people have walked the face of the earth and played the game of basketball from high school ball ,to college, pros, you name it? How many 10's of millions of people?

Now, Luka is #1 out of every man that's ever lived on the face of this earth over his first 2 seasons at 19 and 20 years old that's ever played the game....#1 You can even include his 18 year old season where he should have still been in high school. But was playing against grown men in the second best league in the world outside of the NBA and he was Euro league MVP and champion.

Just something to think about and that's why i'm so bullish on him.

[wharfrat7624]

The PSA 10 at Heritage ended at $222,630 with the BP...


Sent from my iPhone using Tapatalk

[kefskala]

Originally Posted by RogerGodahell

Luka, yes imo. I think he has a very good chance. Im the biggest Luka homer there is btw so i'll just get that out of the way. I do think he will be around the Mt Rushmore by the end of his career God willing no major injuries.

Think about this.

How many people have walked the face of the earth and played the game of basketball from high school ball ,to college, pros, you name it? How many 10's of millions of people?

Now, Luka is #1 out of every man that's ever lived on the face of this earth over his first 2 seasons at 19 and 20 years old that's ever played the game....#1

Just something to think about and that's why i'm so bullish on him.

also big on him...just hope his ankles hold up, he has been battle tested at a very young age..the difference here is at 16 he was playing with grown man as opposed to other 16 year olds playing with their piers...Im also big on josh allen, kid has matured dramatically. football needs another face other then Mahomes to invest in....

Invest in GOATS and you will be fine.....

[kefskala]

Originally Posted by wharfrat7624

The PSA 10 at Heritage ended at $222,630 with the BP...


Sent from my iPhone using Tapatalk

you mean goldin auctions...hertiage actually has a ton of jordan coming up in their featured auction for February

[wharfrat7624]

Originally Posted by kefskala

you mean goldin auctions...hertiage actually has a ton of jordan coming up in their featured auction for February

You are correct. My bad.


Sent from my iPhone using Tapatalk

[vintg]

Originally Posted by Garrison8

During this pandemic, I started thinking about cards again, like many others. I knew that if I were to get back in to cards, I wanted the most secure, iconic cards there were. I wanted something that could be an heirloom, not just a player or cards that “might” become something.

point well taken

I settled on this card and have bought four Jordan rcs. and a sticker in recent weeks. A BGS 8.5 (8.5,9,8.5,9.5) and a PSA 7, 6.5 and 5. The sticker is a PSA 8. I focused on centering more than anything else. I also focused on avoiding the classic print marks.

congratulations !!!

As for the PSA vs. BGS debate, I focused more on card quality. I see poorly graded BGS AND PSA. But people purchase good cards at a premium, regardless of PSA or BGS. And yes, I do see BGS 9.5’s selling for far more than PSA 9’s.

s/b obvious at this point, LOL

We are beginning to enter a time when 40 year olds are obtaining wealth and will begin to think about retirement in 10-20 years. This was the youth at Jordan’s height. This card is their Everest. It transcends the hobby and enters every day lives of people that have no plans of being sports card collectors, they just want the single greatest piece of memorabilia of their youth. It’s the WOW in safety deposit boxes. You think 30,000 graded copies between PSA and BGS will keep prices down? Really? When something like bitcoin can have millions of coins and be worth $30k+. 30,000 graded cards is nothing here.

again, good point.

Jordan is the NBA. The culture, the brand, it all flowed from him. No other modern athlete in the four major sports is responsible for half the amount of exposure and development that Jordan is.

absolutely nailed it !

I am well aware that this card is booming right now and that there will be ebbs and flows. But over a long period of time, I don’t see how it can possibly lose. I’ll continue to throw all the excess money I can at this card. Even at these prices.

drop the mic

outstanding 1st post, how you follow that, I'm not sure.

[aaronking23]

Originally Posted by Garrison8

It seems criminally undervalued. When I got back into collecting, I’ll be honest, I expected the Jordan 8’s to be in the $30,000 range. I know the population of the card and the numbers.

8's aren't 30k because there isn't that much money in the market even today. 10 is the investment grade and just trades hands of really rich people then the trickle down happens and the 9's 8's go up much much slower.

I love jordan and pc him but if I had 10-12k to drop on a card there are much better buys right now than an 8 86f jordan. There's a 97 98 finest embossed atomic gold ref/74 kobe just sitting on ebay right now (like 1 in 25,000 packs)

high end kobe autos (exquisite, impeccable and contenders tribute would all be better buys right now imo

[kefskala]

Originally Posted by aaronking23

8's aren't 30k because there isn't that much money in the market even today. 10 is the investment grade and just trades hands of really rich people then the trickle down happens and the 9's 8's go up much much slower.

I love jordan and pc him but if I had 10-12k to drop on a card there are much better buys right now than an 8 86f jordan. There's a 97 98 finest embossed atomic gold ref/74 kobe just sitting on ebay right now (like 1 in 25,000 packs)

high end kobe autos (exquisite, impeccable and contenders tribute would all be better buys right now imo

negative...jordan rc all day long

[rainmaker]

Originally Posted by aaronking23

8's aren't 30k because there isn't that much money in the market even today. 10 is the investment grade and just trades hands of really rich people then the trickle down happens and the 9's 8's go up much much slower.

I love jordan and pc him but if I had 10-12k to drop on a card there are much better buys right now than an 8 86f jordan. There's a 97 98 finest embossed atomic gold ref/74 kobe just sitting on ebay right now (like 1 in 25,000 packs)

high end kobe autos (exquisite, impeccable and contenders tribute would all be better buys right now imo

This is a hobbyist view point. There is appeal to rare cards for collectors to be sure. But #57 is bigger than basketball and bigger than the card collecting hobby. Maybe on the shortlist with t206 Wagner and 52 mantle as the few cards that are truly sought by non collectors and collectors alike. With full confidence I believe the mantle becomes less in demand as the years go on. It’ll always be a big one and always valuable but #57 is going to be the king of cards. We’re there already quite frankly. The split of focus leaving baseball to basketball is very real. The loss of interest in post war baseball cards is real. It’s going to continue to shift as boomers die off and the 40 year olds seek their nostalgia.

Some random card from 1998 that is nearly impossible to find and very few people even know about will never be more liquid and more desirable than #57. All Jordan’s are collectible and have a place. But it’s simply not a better buy.

[KB81]

There was a guy on here a few years back, like 2013/14 or so if I recall correctly, that consolidated all of his collection to just #57 MJ. He was taking a break from collecting and wanted to leave the hobby for a while and lock up his cards for later. He was an older gentleman and wanted to focus on his grandkids and traveling with his wife.

He had 2 PSA 7s and something like $170K valued collection in other mixed cards. He sold all of it off in a few months. Took that and got various slabbed #57s.

He ended up with a nice stash of PSA and BGS slabs all of this one card. I do not recall how many but there were many.

Kinda crazy BUT............. he did well $ wise. To be honest, this thought does cross my mind from time to time. This is the ONLY card that I would consider consolidating my entire collection to. Just sit back and enjoy the ride.

As stated before, this is gold.

[aaronking23]

Originally Posted by rainmaker

Some random card from 1998 that is nearly impossible to find and very few people even know about will never be more liquid and more desirable than #57. All Jordan’s are collectible and have a place. But it’s simply not a better buy.

all the cards I mentioned may not be more liquid but will appreciate faster than an psa 8 86f Jordan

pmg reds sell for more thsn a 10 86f all bc of rarity

at a 10-12 k price point it's def a better buy

[kefskala]

Originally Posted by rainmaker

This is a hobbyist view point. There is appeal to rare cards for collectors to be sure. But #57 is bigger than basketball and bigger than the card collecting hobby. Maybe on the shortlist with t206 Wagner and 52 mantle as the few cards that are truly sought by non collectors and collectors alike. With full confidence I believe the mantle becomes less in demand as the years go on. It’ll always be a big one and always valuable but #57 is going to be the king of cards. We’re there already quite frankly. The split of focus leaving baseball to basketball is very real. The loss of interest in post war baseball cards is real. It’s going to continue to shift as boomers die off and the 40 year olds seek their nostalgia.

Some random card from 1998 that is nearly impossible to find and very few people even know about will never be more liquid and more desirable than #57. All Jordan’s are collectible and have a place. But it’s simply not a better buy.

couldn't agree with you more as far as post war baseball cards go...over the summer and September I unload a great amount of post war cards and Im not talking about commons, and took the proceeds and invested ever signal penny and then some and into basketball...(kept my 52 Mantle's thou) It did hurt alittle, owned some for 20 plus years, but was short lived when the ROR almost doubled and tripled within two months....

[rj.cataldo]

Originally Posted by aaronking23

8's aren't 30k because there isn't that much money in the market even today. 10 is the investment grade and just trades hands of really rich people then the trickle down happens and the 9's 8's go up much much slower.

I love jordan and pc him but if I had 10-12k to drop on a card there are much better buys right now than an 8 86f jordan. There's a 97 98 finest embossed atomic gold ref/74 kobe just sitting on ebay right now (like 1 in 25,000 packs)

high end kobe autos (exquisite, impeccable and contenders tribute would all be better buys right now imo

Agree with this right here, and where I've been most of the time (especially recently) when weighing a #57 purchase - there always seems to be a better buy of a rarer card.

Can anyone point to a card with a 7500+ pop (PSA 8) that sells for 30k? even 10K? The problem with these liquid cards are there is only so long the population can be controled. A few sales here and there can be high, but then people flood the market and try to capitalize and undercut each other.

That said, I think the #57 is a must own, and I will own it. I just think right now is not the right time to buy.

[trendy26]

Originally Posted by rj.cataldo

Agree with this right here, and where I've been most of the time (especially recently) when weighing a #57 purchase - there always seems to be a better buy of a rarer card.

Can anyone point to a card with a 7500+ pop (PSA 8) that sells for 30k? even 10K? The problem with these liquid cards are there is only so long the population can be controled. A few sales here and there can be high, but then people flood the market and try to capitalize and undercut each other.

That said, I think the #57 is a must own, and I will own it. I just think right now is not the right time to buy.

Very well said man, I’m in complete agreement. The hype will not continue at the rate it has, then the supply will increase and the undercutting will begin. I think the Jordan #57 is THE card to own in a collection, but at the prices they’re at today, I’m fine sitting on the sideline

[Ferg1945]

Originally Posted by rj.cataldo

Agree with this right here, and where I've been most of the time (especially recently) when weighing a #57 purchase - there always seems to be a better buy of a rarer card.

Can anyone point to a card with a 7500+ pop (PSA 8) that sells for 30k? even 10K? The problem with these liquid cards are there is only so long the population can be controled. A few sales here and there can be high, but then people flood the market and try to capitalize and undercut each other.

That said, I think the #57 is a must own, and I will own it. I just think right now is not the right time to buy.

How many other GOATs are there? When you want a Jordan RC you don't have Prizm, Optic, Select, Topps, National Treasures, Flawless, Fleer, Upper Deck, etc etc etc

It's the 1986 Fleer #57. That's it! Greatest of all time. 6 time NBA Champion. 6 time NBA Finals MVP. 5 time NBA MVP. 6-0 in Finals. 10 time scoring champion.

[KB81]

Originally Posted by Ferg1945

How many other GOATs are there? When you want a Jordan RC you don't have Prizm, Optic, Select, Topps, National Treasures, Flawless, Fleer, Upper Deck, etc etc etc

It's the 1986 Fleer #57. That's it! Greatest of all time. 6 time NBA Champion. 6 time NBA Finals MVP. 5 time NBA MVP. 6-0 in Finals. 10 time scoring champion.

Tell em Ferg!