DiscussionOpinion

Do NOT Buy the 1986 Fleer Jordan?! + eBay Just KILLED Sniping

Collector Investor Podcast

A podcast discussion featuring collectors and dealers discussing the 1986 Fleer Michael Jordan card's volatility and overvaluation compared to the rarer 1984 Star card, along with eBay's implementation of extended bidding to replace sniping tools. The hosts also address questions about PC (personal collection) sales, autograph card grading, vintage PSA label standards, and tariff issues affecting international buyers.

Summary

The episode opens with hosts discussing their experience at the Philadelphia card show, including anecdotes about crowd size, parking challenges, and a humorous story about a young boy attempting to resell his father's autographed rookie card. They discuss their auction preview process and inventory additions.

The main segment analyzes a listener question about the 1986 Fleer Michael Jordan card. While acknowledging the card's dramatic price crash from $700k in February 2021 to under $300k by June 2021 (over 50% loss in 4 months), the hosts debate whether it's a bad investment. One host argues the Star card is superior due to scarcity (under 2,000 graded vs 51,000 Fleer cards), but the other hosts contend that both cards are interconnected and likely to rise and fall together. They note that the Star card also crashed 75% from $200k to $50k during the same period, suggesting market correlation rather than one card's inevitable superiority.

A significant discussion covers eBay's rollout of extended bidding, eliminating last-second sniping—a feature long provided by third-party services like Gixen. The hosts explain this is now standard across major auction houses and will likely increase final sale prices by preventing cheap "sweeps" at auction close. They debate whether this significantly impacts market prices overall, concluding it will modestly benefit mid-range and lower-tier cards most.

The podcast addresses multiple listener questions: whether to sell personal collection cards tripled in value (consensus: sell if you prefer money to the card, not based on purchase price), proper grading for autographed cards (dual grades preferred for quality cards, authenticate-only for poor condition), PSA label era grading standards (older labels often graded loose by current standards but not always), and international tariff issues (50% import duties making US purchases prohibitively expensive for Canadian buyers, with no current solution offered).

Hosts also discuss a collector's experience purchasing a 1910 tobacco pouch drum-shaped container, expressing enthusiasm for personal collection pieces regardless of market value.

Key Insights

  • The 1986 Fleer Michael Jordan PSA 10 lost over $400,000 in value (from $700k to under $300k) in just 4 months during 2021, representing more than 50% depreciation due to high supply of over 51,000 graded copies
  • The 1984 Star Michael Jordan card also crashed 75% from $200k to $50k in BGS 9 during the same 2021 period, suggesting both vintage Jordan cards are market-correlated rather than one being inherently safer than the other
  • eBay's rollout of extended bidding is eliminating the sniping advantage that third-party tools like Gixen provided, which is now standard at all major auction houses and expected to increase final prices by preventing last-second cheap acquisitions
  • When deciding whether to sell a personal collection card that has tripled in value, the decision should be based on whether the collector prefers the current cash value or wants to keep the card—not on the original purchase price, since past cost is irrelevant to future market direction
  • Canadian buyers are facing 50% import tariffs on US card purchases, making a $300 purchase require an additional $150 in fees, with no current solution available except maintaining a US address for shipment purposes

Topics

1986 Fleer Michael Jordan card volatility and overvaluation1984 Star Michael Jordan card scarcity advantageseBay extended bidding implementation and sniping eliminationPersonal collection card selling decisions and valuationAutographed card grading strategies (dual vs. authenticate only)PSA vintage label grading standards evolutionInternational tariff and import duty impacts on card purchases

Transcript

[0:00] Okay, we have a few questions from the audience. Let's, uh , get started. O. Oh, yes. He is right. OK. Hey, how are you, Sally, man? What's up, friend? What are you doing? Dude, I, uh, I took a little break from the Philadelphia show as much as I could. And, uh, it was a great show. I liked the show in Philadelphia. It is always wonderful. Seeing a bunch of wonderful [0:30] people, friends, bidders, and clients. Yes, it's fun. Meeting many new people every time. Yes. Great show. I like it. The smell of vintage musk hangs in the air . This is fun. I like it. There's more vintage here than most other shows. Of…

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