What Are My Cards Worth: The Economics of Card Collecting
When I was a young kid, I along with everyone I knew depended on two sources for how much a card was worth. How much a dealer was selling a card for was one way, but the main way was to look up that card in Beckett. Beckett listed out the notable cards in every set and set a value for them. You'd grab every issue and see if the cards you owned had that coveted up arrow indicating that the card had gone up from the previous issue. How much? You'd have to do that research on your own. I have been reliant to those numbers for years. Almost more now, even though I know that the economics behind it is bunk. The value of a card is not what a magazine says it is, but what you can get for it. However, it does help out a guy who can't possible keep up with everything in the hobby just to have a baseline. Back in 1996, I came across a stack of Steve McNair rookie cards. Fifty, I think, and the dealer offered them to me for a quarter each...