Collectors often dream about some of the unopened wax packs owned by Steve Sabow. Sabow is one of the hobby’s preeminent dealers of vintage wax packs. In fact, Sabow has sold more unopened vintage wax in the last three years than anyone else in the country.
I had the opportunity to speak with Sabow recently and found him to be an all-around great guy and a wealth of information in relation to buying and selling vintage wax packs. Sabow has been at this for a while; he started out selling cards at flea markets back in 1976 and started branching out into local card shows while also promoting several shows throughout the NY and CT area.
He’s been selling packs since the 1970’s, but it was only recently that he started getting heavily involved with vintage packs. In fact, Sabow credits his vintage card business as allowing him to stay alive in this hobby longer than most. He’s had a booth at the National Convention every year except for the first four.
Steve is retired now, but still quite active as a vintage card and wax pack dealer (although COVID-19 has slowed down business a bit). His list of packs for sale is one of the most impressive lists of packs I’ve ever seen. We’ve summarized our discussion with Sabow, providing some of the most important points for any collectors interested in vintage unopened wax.
The 1933 Babe Ruth Goudey cards (note there are four of them) have been among the hottest vintage cards in recent years. Given the significant price increase for the cards, many collectors wonder if Ruth’s Goudey cards are still worthy of an investment?
Ruth’s 1933 Goudey cards (despite the significant price increases) remain one of the best longer-term investments for vintage collectors. The four cards are not cheap by any means, but if you have the funding, Ruth’s Goudey cards should continue to appreciate over the next several years.
In this guide, we take a closer look at the four Goudey Ruth cards and provide collectors with more information on the current values, scarcity, and the ultimate investment potential.
The four Babe Ruth cards from the 1933 Goudey Gum set.
In thinking of what represents true Americana, the things that come to mind include – Baseball, Apple Pie, and yep Cracker Jack.
In the 1896 song “Take Me Out To The Ball Game”, Cracker Jack was given its official stamp of American approval in the line “Buy Me Some Peanuts and Cracker Jack“.
While the Cracker Jack brand first got notice at the World’s Fair in 1893, it was its association with baseball which brought it to the forefront of American culture.
Many kids are most certainly familiar with the small toys included in boxes of Cracker Jack, yet it was two years (1914 to 1915) that Cracker Jack showed its true allegiance to baseball by including cards with its caramel-coated popcorn and peanuts.
The Cracker Jack baseball cards are today one of the most revered sets in the history of the hobby. In this piece, we take a look at the history of Cracker Jack and examine the details of the two card sets.
Sometimes hype and excitement gets in the way of reality. And in the case of Michael Jordan's 1986 Fleer rookie card, I'm worried that this might be the case.
Never have I seen a 30+ year old card garner so much attention--and fueled by what? A documentary? Are people so stir crazy that they somehow forgot that Michael Jordan was one of the best to ever play the game?
I bring all of this up due to the fact that Jordan's rookie card has begun to reach levels of hysteria that normally crop up in the way of a new rookie phenom. But here we are talking about the 50-something year old Michael Jordan.
As a case in point, I put together a spreadsheet back in April of 2019, tracking the prices of Jordan's rookie (see below). In a little more than a year, Jordan's rookie card has increased across the board by the tune of nearly 200% in most grades.
As I’m writing this, the United States is still in the early innings of what will likely be a devastating and heartbreaking outcome for our country. And while the number of deaths are still fairly small in quantity, the economic impact is already being felt far and wide.
Airlines are shut down, restaurants are closed, hotels and casinos are closed up. Employees are getting laid off in the hopes they can quickly collect unemployment. Schools are closed and people are forced to work from home.
I have an investment background so this is only natural for me–my whole life is involved with finding the best funds or stocks for a portfolio. Of course, part of that equation revolves around finding good value.
As I always say, card prices are a determination of demand versus supply. For stocks, it’s a similar story.
And if there’s excess supply (think 1988 Topps) with minimal demand, the cards are pretty much worthless.
But if there’s excess demand versus supply (think Tesla in the stock market or the Green Portrait Cobb) the price rockets higher.
With cards, we determine a card’s scarcity and attempt to evaluate the future demand based on a myriad of factors – player popularity, the card set popularity, etc.
This is NEVER a perfect science and not all collectors think this way, but it’s a good habit to get into if you are making some serious investments in baseball cards.
There are some givens for me. Names like Babe Ruth, Ty Cobb and Honus Wagner will never see a drop in future demand.
But depending on the card set we are considering, there could be more variability in demand over time.
Sure, there’s no certainty in any of this, but it’s the way I think about collecting.
I know common T206 cards might see an increase in line with inflation over time, but there’s no reason to think they should increase significantly in value.
I mean how much future demand should we expect for Buck Congalton’s T206 over time?
So, with that said, I am assembling what I call the All Vintage Cards ‘Value’ Portfolio.
In the stock market, funds labeled as “value” tend to have valuation characteristics below that of the market. Due to this value discrepancy, investors look for these lower valued stocks in hopes there is some reversion to the mean with valuation.
For example, today Ford (ticker F) would be considered a ‘value’ play, as it trades at a very low multiple versus its earnings (or P/E ratio). Whereas a company such as Tesla (TSLA) is very optimistically valued and trades at a significant premium to its expected future earnings.
Hence, I’m attempting to put a portfolio together of cards that I think offer good relative value and have opportunity for future appreciation.
Before getting started, I will reiterate this IS NOT INVESTMENT ADVICE. While I think cards are a good portfolio diversifier, please do your own homework. Don’t assume that I will be right about any of this!
Thus, without further adieu, here are the components of the All Vintage Cards ‘Value’ Portfolio.
If you’ve spent any time in the tobacco groups on Facebook, you’re well aware of the popularity and the mystique of the T206 Ty Cobb Green Portrait Card.
If you’re new to the ‘Monster’ you might not realize that Cobb has four cards in the set. A green and a red portrait card along with a ‘Bat off Shoulder’ and a ‘Bat on Shoulder’ card.
The portrait cards have consistently over time been the most valuable of the four, with the green portrait card the rarest and most valuable.
In this piece we take a closer look at the values and the scarcity of the Cobb cards and attempt to determine the future values. Our main goal of this piece is to determine whether the Green portrait Cobb is worthy of the premium it holds over the other Cobb cards in the set and other Cobb cards in different sets.
From a popularity standpoint, Cobb’s cards remain in high demand, with his four T206 cards remaining among the most highly sought after in the hobby. In fact, using the tools at All Vintage Search we can see that the Cobb cards in the white borders set are among the top ranked for ‘watchers’ at eBay.
Follow along as we examine the population reports and historical values. Have a question on a T206 Cobb? Feel free to get in touch with me at email@example.com
For any stock investors that were active traders during the late 1990’s the mention of the word ‘bubble’ brings back some rather unpleasant memories.
A more recent ‘bubble’ that younger collectors would be more familiar with involves the recent hysteria surrounding Bitcoin and other associated cryptocurrencies. Cards even experienced their own bubble during the early 90’s.