First Buzz: 2024 Panini Prizm football cards

[PrinceVegeta]

Originally Posted by Siberian13

Someone showed me credit card interest rates have gone from 12% to 22% on avg. in 10 years. Some people getting cards with 35% rates. That’s insane

If you pay interest on a credit card you are doing it wrong. Only morons pay interest on a cc..sorry not sorry

[premium1981]

Originally Posted by hermanotarjeta

The way the degenerates overpay for their fix - they are in serious need of mental health assistance!

The worst part is - they aren’t even aware of their addiction problems.

If all one cares about is the flip and profit aspect of the hobby, I can see the lack of sympathy.

But from the hobbyist standpoint point - it’s disturbing to observe the transgressions.

Other people running up their credit cards shouldn't be a concern to anyone else. If they aren't doing it on cards they are doing it on something else. They will run up the same cards on tv's, eating out, new cars, cloths, shoes, jewelry, etc. I have zero sympathy for irresponsible people in any walk of life. Its probably the biggest issue with our society in todays world. Lack of accountability. I shouldn't feel bad for people spending more money than they make. And I shouldn't be responsible for bailing them out either. Life is about decisions and consequences of said decisions. I know you have a strong opinion about how everyone else spends their money. I do not. People are welcome to be stupid with their money if that is what they choose.

[premium1981]

Originally Posted by PrinceVegeta

If you pay interest on a credit card you are doing it wrong. Only morons pay interest on a cc..sorry not sorry

Not only that, but doing it the correct way can pay for vacations. Reward credit cards are a beautiful thing.

[Siberian13]

Originally Posted by premium1981

Not only that, but doing it the correct way can pay for vacations. Reward credit cards are a beautiful thing.

People with those high interest rates probably aren’t financially responsible. Most live check to check I’d imagine. One small hiccup in life and they’re in trouble.

[premium1981]

Originally Posted by Siberian13

People with those high interest rates probably aren’t financially responsible. Most live check to check I’d imagine. One small hiccup in life and they’re in trouble.

You are most likely correct. But those who know how to use it correctly can have a lot of fun. Its literally free money.

[Asian62150]

Originally Posted by premium1981

Other people running up their credit cards shouldn't be a concern to anyone else. If they aren't doing it on cards they are doing it on something else. They will run up the same cards on tv's, eating out, new cars, cloths, shoes, jewelry, etc. I have zero sympathy for irresponsible people in any walk of life. Its probably the biggest issue with our society in todays world. Lack of accountability. I shouldn't feel bad for people spending more money than they make. And I shouldn't be responsible for bailing them out either. Life is about decisions and consequences of said decisions. I know you have a strong opinion about how everyone else spends their money. I do not. People are welcome to be stupid with their money if that is what they choose.

This would be ideal...but unfortunately, most of the time that isn't the case and whether you want to help them out or not, you're helping them out in one way, shape, or form.

That's why I do think ppl running up their credit cards should be at least a little bit of a concern to the general population. We don't want to get into another 2008 situation. Educate ppl and teach them how to spend/save.

Totally off topic, but I wish we didn't have to pay property tax. It's basically saying you never really own your house. You are leasing it/the land from the gov. Get rid of property tax and increase sales tax as necessary. Let ppl actually own their homes free and clear. Long term it'll create a smarter consumer, but does the US economy really want that?

Anyway...yes, gambling has always been part of the hobby. Anytime you open a pack of something with a random outcome, it's a gamble. But I don't think the EV has ever been this low.

[hermanotarjeta]

Originally Posted by premium1981

Other people running up their credit cards shouldn't be a concern to anyone else. If they aren't doing it on cards they are doing it on something else. They will run up the same cards on tv's, eating out, new cars, cloths, shoes, jewelry, etc. I have zero sympathy for irresponsible people in any walk of life. Its probably the biggest issue with our society in todays world. Lack of accountability. I shouldn't feel bad for people spending more money than they make. And I shouldn't be responsible for bailing them out either. Life is about decisions and consequences of said decisions. I know you have a strong opinion about how everyone else spends their money. I do not. People are welcome to be stupid with their money if that is what they choose.

If their irresponsible consumption of resources is affecting the rest of the hobby world, then it should be something we should care about.

We don’t live on our own little islands.

[anusinha]

Taking money from people who are stupid with finances is what makes the world go round.

[premium1981]

Originally Posted by hermanotarjeta

If their irresponsible consumption of resources is affecting the rest of the hobby world, then it should be something we should care about.

We don’t live on our own little islands.

You being in other people's business and calling it "caring" affects absolutely nothing. I know you like to come up with all kinds of justifications for your judgements of others but that is ridiculous.

[Scottish Punk]

Originally Posted by Asian62150

This would be ideal...but unfortunately, most of the time that isn't the case and whether you want to help them out or not, you're helping them out in one way, shape, or form.

That's why I do think ppl running up their credit cards should be at least a little bit of a concern to the general population. We don't want to get into another 2008 situation. Educate ppl and teach them how to spend/save.

Totally off topic, but I wish we didn't have to pay property tax. It's basically saying you never really own your house. You are leasing it/the land from the gov. Get rid of property tax and increase sales tax as necessary. Let ppl actually own their homes free and clear. Long term it'll create a smarter consumer, but does the US economy really want that?

Anyway...yes, gambling has always been part of the hobby. Anytime you open a pack of something with a random outcome, it's a gamble. But I don't think the EV has ever been this low.

In spirit I agree with you. Property taxes are supposed to pay for local fire/police and schools. I have no issue with that. Of course, things are never that cut and dry when it comes to government and politicians.

[hermanotarjeta]

Originally Posted by premium1981

You being in other people's business and calling it "caring" affects absolutely nothing. I know you like to come up with all kinds of justifications for your judgements of others but that is ridiculous.

Their behavior also unnecessarily makes the hobby more expensive for both and all of us.

[pac213up]

Originally Posted by Asian62150

Anyway...yes, gambling has always been part of the hobby. Anytime you open a pack of something with a random outcome, it's a gamble. But I don't think the EV has ever been this low.

Higher ceilings, lower floors, and lower EV in general if you are breaking sealed product. It is not a great formula for those that like to open stuff. I think if you are purely a collector it feels a bit different.

[Asian62150]

Originally Posted by hermanotarjeta

Their behavior also unnecessarily makes the hobby more expensive for both and all of us.

Yup, which brings it back to the Prizm Factory Sets.

If the hobby as a group were smarter and came to the conclusion that these weren't worth it unless they were $1500 (or less), then at last 2 positive things happen from a buyer's perspective:

-Panini gets a message that ppl won't pay overpay like this and hopefully they lower their future asking prices
-single prices are lowered since buy-in costs were lower

But as others have said, all it took was 400 ppl out of touch with the market or with money to burn and now Panini doesn't worry about lower their price and singles (at least initially) will be more expensive.

[hermanotarjeta]

Originally Posted by Asian62150

Yup, which brings it back to the Prizm Factory Sets.

If the hobby as a group were smarter and came to the conclusion that these weren't worth it unless they were $1500 (or less), then at last 2 positive things happen from a buyer's perspective:

-Panini gets a message that ppl won't pay overpay like this and hopefully they lower their future asking prices
-single prices are lowered since buy-in costs were lower

But as others have said, all it took was 400 ppl out of touch with the market or with money to burn and now Panini doesn't worry about lower their price and singles (at least initially) will be more expensive.

Yes, all it takes is 400 recklessly degenerate gamblers.

I know one. You know one. We all know one.

Their delinquent behavior forces everyone in the hobby to pay degenerate gambling prices to participate.

We don’t live on our own little islands.

[JeremyNick]

Originally Posted by hermanotarjeta

Yes, all it takes is 400 recklessly degenerate gamblers.

I know one. You know one. We all know one.

Their delinquent behavior forces everyone in the hobby to pay degenerate gambling prices to participate.

We don’t live on our own little islands.

There is constant demand for Prizm
They released a low amount of a high demand set.
The market priced it at what the demand determined was the value.

I think it’s nuts, but it’s very easy to see why it was priced at that.

[Asian62150]

Originally Posted by JeremyNick

There is constant demand for Prizm
They released a low amount of a high demand set.
The market priced it at what the demand determined was the value.

I think it’s nuts, but it’s very easy to see why it was priced at that.

Actually, considering it sold out almost instantly, you can argue that from a demand/market point of view Panini started it off too low...

[hermanotarjeta]

Originally Posted by JeremyNick

There is constant demand for Prizm
They released a low amount of a high demand set.
The market priced it at what the demand determined was the value.

I think it’s nuts, but it’s very easy to see why it was priced at that.

NT prices will be just as nuts as well.

Not questioning the price itself, but the number of entities willing to meet that demand.

Most of that is coming from breakers and box flipper bois flipping to breakers or retailers who will eventually sell to breakers.

The demand is all built by the underlying drive - piss poor odds gambling.

I can afford the product, I can’t justify the gambling odds.

[Fenway55]

Originally Posted by hermanotarjeta

Yes, all it takes is 400 recklessly degenerate gamblers.

I know one. You know one. We all know one.

[Scottish Punk]

I use to buy a couple of hobby boxes a year - prizm being one. That is gone. I used to buy a bunch of retail blasters of prizm, contenders, classics. Now that is down to a couple of blasters of prizm and thats it.

I am going through football boxes right now. Shipped a bunch of parallels to COMC where I probably won't make much off of. Probably will throw out a bunch of base stuff. I am spending this year purging as much as can from cards that don't fit my core. Given the work an expense it is to deal with all the extras and the increased costs, i am just one small step from not buying any wax. I can buy a graded copy of 5-6 players at the cost of the handful of blasters and be done with it. No chance for any big hits, but retail doesn't really get there anyways.

[Jaysabz]

Originally Posted by Scottish Punk

I use to buy a couple of hobby boxes a year - prizm being one. That is gone. I used to buy a bunch of retail blasters of prizm, contenders, classics. Now that is down to a couple of blasters of prizm and thats it.

I am going through football boxes right now. Shipped a bunch of parallels to COMC where I probably won't make much off of. Probably will throw out a bunch of base stuff. I am spending this year purging as much as can from cards that don't fit my core. Given the work an expense it is to deal with all the extras and the increased costs, i am just one small step from not buying any wax. I can buy a graded copy of 5-6 players at the cost of the handful of blasters and be done with it. No chance for any big hits, but retail doesn't really get there anyways.

This was me. I remember trying to justify $150 boxes of Prizm football and $100 boxes of Star Wars. Now the football is 10x that and Star Wars is 4-5x.

I went through all of my cards, kept three 3' x 3' boxes for my PSU, Phillies, Eagles, Flyers, 76ers, and non-sport PC. I have two PSA/BGS "briefcases" with PC cards. Cleared a TON of space.

Anything that looked less than 50c went into the garbage. EVERYTHING else went to COMC about 3 years ago. Total sales just under $20k. Just about nothing left there now. Cashed out little by little. Used some credit on some other PC items. Will likely donate the last few items to charity and just close that account down.

This "hobby" stopped being a hobby and stopped being fun when everyone jumped in trying to make a buck. When they bought break spots instead of limited edition sneakers or scratch off tickets.

Sick part is there's probably 100s of people who opened and maxed out credit cards on breaks and boxes of Flawless, NT and just don't pay their credit cards - get turned over to collections, who cares. They did the same thing pre-card boom, just with different grifts.

Watched some dude online break a "fast break?" Prizm pack the other day - 8 cards, $1500. What are we even doing anymore?

Ok enough out of me.

[Scottish Punk]

Frustrating part is that I know I am sending COMC a bunch of cards that with the .50 insertion fee and COMC's take, I won't make much more than a few pennies or even take a few pennies loss on. I just don't have the heart to pitch those. At least they go into some collectors hands even if I have to take a bit of a loss.

My spare bedroom is just a mess with cards all over the floor and shelves. I organized my keepers to the good shelves in my man cave/basement. Now, it is just work to reclaim all the space in that bedroom. One sport at a time, football has the most. I hope things speed up once I get past that.

I do find sending everything to COMC saves a ton of listing time, not sure if I am actually saving on ebay fees, save on shipping. Plus it is the only way I have found to actually "trade" anymore. I use the COMC sales to pick up all the cheap crap I on my want lists.

[mossoholic]

Originally Posted by Asian62150

Yup, which brings it back to the Prizm Factory Sets.

If the hobby as a group were smarter and came to the conclusion that these weren't worth it unless they were $1500 (or less), then at last 2 positive things happen from a buyer's perspective:

-Panini gets a message that ppl won't pay overpay like this and hopefully they lower their future asking prices
-single prices are lowered since buy-in costs were lower

But as others have said, all it took was 400 ppl out of touch with the market or with money to burn and now Panini doesn't worry about lower their price and singles (at least initially) will be more expensive.

It wasn't 400 people. My guess is around 20 people bought at least 300 of the sets. I talked to a handful of people that messaged me about it and wanted to know if I got any. With how quick they sold out this release was botted too. I know multiple people that claim to have bought 20+. Without a bot that would have been impossible since it was only there for I think around 2 minutes. I don't remember another auction being botted since 2021 Optic Football Premium sets.

These guys think they can break them at very high numbers. The numbers I read you'd get on average 28 losers out of 32 people. 2 people barely come out ahead. 1 maybe triples their money. Then the 1/1 it depends. At this point I believe it as the johns have proven for countless years they are this stupid. How else could you break a Prizm White Sparkle pack at $1500 a pack and Prizm Choice box at $2000 a box?

[yoyosh]

This is my least fav SKU for ripping, but if you want to chase Green Ice (or want a super easy flip opportunity) Menards has retail boxes in stock at a great price:
https://www.menards.com/main/outdoor...834-c-6506.htm

[Asian62150]

Originally Posted by mossoholic

It wasn't 400 people. My guess is around 20 people bought at least 300 of the sets. I talked to a handful of people that messaged me about it and wanted to know if I got any. With how quick they sold out this release was botted too. I know multiple people that claim to have bought 20+. Without a bot that would have been impossible since it was only there for I think around 2 minutes. I don't remember another auction being botted since 2021 Optic Football Premium sets.

These guys think they can break them at very high numbers. The numbers I read you'd get on average 28 losers out of 32 people. 2 people barely come out ahead. 1 maybe triples their money. Then the 1/1 it depends. At this point I believe it as the johns have proven for countless years they are this stupid. How else could you break a Prizm White Sparkle pack at $1500 a pack and Prizm Choice box at $2000 a box?

20+ sets...my goodness.

It's too bad Panini doesn't even care about bots these days.

[SleeperCards]

Originally Posted by yoyosh

This is my least fav SKU for ripping, but if you want to chase Green Ice (or want a super easy flip opportunity) Menards has retail boxes in stock at a great price:
https://www.menards.com/main/outdoor...834-c-6506.htm

I've never heard of this place, I'm guessing it might only be in certain parts of the country? What's a national equivalent? Feels like they're printing a lottttttttt of Prizm this year.