Tag Archives: Michael Jordan 1986 Fleer PSA 10 Gem Mint

Records Fall In Small Traditions Exclusive 100-Lot Summer 2015 Premium Auction

Denver, CO – Small Traditions’ recently concluded Summer 2015 Premium Auction established several new records on file at VintageCardPrices.com for a number of iconic Michael Jordan, Mickey Mantle, Derek Jeter, and Mike Trout cards. To bidders and other followers of Small Traditions, which now number over 20,000 on the company’s Facebook page, this came as no surprise, as the auction featured selections from the legendary DrPSA Michael Jordan Fleer Showcase Collection. For nearly two decades, the DrPSA collection has been known to contain several of the single finest Michael Jordan Fleer cards in existence, and the prices did not disappoint.

21320a_lgA PSA 10 Gem Mint example of the iconic 1986 Fleer #57 Michael Jordan rookie card led the way with a final price of $19,586, the highest price ever paid for a PSA 10 example of the Chicago legend’s rookie card since VintageCardPrices.com began aggregating eBay and other auction  prices in 2006. While Small Traditions would like to claim the auction listing as the highest price ever realized for the card, Dr. Stephen Hlis (AKA, DrPSA) has reported several PSA 10 sales that he personally conducted in the late 1990s and early 2000s in excess of $33,000, a clear indication of the iconic card’s renewed potential.

As with Dr. Hlis, Small Traditions owner Dave Thorn expressed satisfaction with the strong results, but stated his belief that the card could easily have cleared $20,000. “Not all PSA 10s are the same,” he commented. “Some show fuzzy edges or marginally imperfect centering, and those have been averaging between $16,000 and $18,000 over the last six months. Also, a handful of the half dozen BGS 10 Pristine copies in existence have sold for over $100,000, and this copy was every bit as nice as those, so from our perspective, the winning bidder, a well-known collector within the hobby, scored a relative bargain.” With a strong upward trend in prices realized for the hobby’s very best cards, both Thorn and the high bidder indicated their predictions that the 1986 Fleer #57 Michael Jordan rookie card could easily top $20,000 to even $25,000 by year’s end.

21350b_lgThat’s a lot of money for a basketball card from the 1980s, but most collectors are well aware of Fleer’s limited print run, with estimates ranging from as low as 60,000 to as high as 125,000 copies of each 1986 card produced. All of those cards are well known to be condition sensitive, and the Jordan card, being so popular, has yielded just 220 total examples in the PSA 10 Gem Mint grade in nearly 20 years of professional third-party card grading. From an investor’s viewpoint, it’s an ideal item to stockpile. It might take a few decades, but the card will eventually be a six-figure item at some point in the future.

Some other noteworthy sales from the DrPSA Michael Jordan Fleer Showcase Collection, almost all of which established new sales records, included the following:

  • 1988 Fleer Stickers #7 Michael Jordan PSA 10 Gem Mint — $13,611 RECORD
  • 1986 Fleer #57 Michael Jordan RC BGS 9.5 Gem Mint — $10,802 RECORD
  • 1986 Fleer #57 Michael Jordan RC PSA 9 Mint — $4,036
  • 1986 Fleer Stickers #8 Michael Jordan RC PSA 10 Gem Mint — $5,460
  • 1987 Fleer #59 Michael Jordan PSA 10 Gem Mint — $3,086 RECORD
  • 1987 Fleer Stickers #2 Michael Jordan PSA 10 Gem Mint — $4,511 RECORD
  • 1988 Fleer #17 Michael Jordan BGS 9.5 Gem Mint — $772

21351d1_lgIn addition to these impressive prices for Michael Jordan cards, several of the following items from Mickey Mantle, Derek Jeter, and Mike Trout also approached and topped existing sales records:

  • 1951 Bowman #253 Mickey Mantle RC PSA 4 VG-EX — $5,342
  • 1952 Star Cal Decal #70G Mickey Mantle PSA Authentic — $5,460 RECORD
  • 1993 Classic Best Greensboro Hornets #1 Derek Jeter BGS 10 — $1,899
  • 1996 Select Certified Blue #100 Derek Jeter RC — $2,671 RECORD
  • 2011 Bowman Sterling Purple #22 Mike Trout RC — $1,365 RECORD
  • 2011 Finest Red Refractors Autograph #84 Mike Trout RC — $2,137 RECORD

Grade & Consign For Free with Small Traditions

With massive support from the collector community, Small Traditions LLC has been conducting its Monthly Masterpieces Plus (MM+) auctions since 2012, offering a 0% consignment rate to its customers on consignments numbering up to 100 pieces, as an alternative to selling on eBay and through other higher-priced auction services. The company also offers a collection management service through which it will liquidate entire collections for a reasonable fee ranging from 10-20%. Finally, the company’s most popular program, its Cost-Free Grading initiative, allows consignors to submit raw (or ungraded) cards for review by the Small Traditions staff, who then use their expertise to help consignors determine whether their cards are worth the time and expense of professional grading with PSA, SGC and/or BGS, the hobby’s leading third-party grading and authentication firms. Small Traditions pays for all shipping, insurance, grading and listing costs up front, and it only charges its customers their discounted grading fees after the eventual sale of their items.

In addition to these compelling consignment programs, every fourth month’s auction at Small Traditions features the company’s trademark Exclusive 100-Lot Premium Auction, in which all lots are valued at a minimum of approximately $1,000, and each receives an engaging and scholarly description composed by the academics on the Small Traditions staff, two of whom are in fact college professors. Small Traditions owner Dave Thorn has taught composition, literature and creative writing at Union County College in New Jersey and Red Rock Community College in Colorado, and Dan McHale teaches history at the State University of New York.

Consign Now To The Following 2015-16 STs Auctions:

  • September MM+36 — Graded Cards Considered by Thursday 9/17 Hurry!
  • October MM+37 — Raw & Graded Cards & Memorabilia by 10/20
  • November 100-Lot Holiday Premium — $1,000+ Rookies & Icons by 11/17
  • January MM+39 — Raw & Graded Cards & Memorabilia by 1/19
  • February MM+40 — Raw & Graded Cards & Memorabilia by 2/16
  • March MM+41 — Raw & Graded Cards & Memorabilia by 3/15

Please visit the company’s auction pages and its consignment portal for more information, or call 303.832.1975 or write info@smalltraditions.com for more information today.

21411c_lg2

Boasting MJ’s Best, The DrPSA Michael Jordan Fleer Showcase Heads Back To Auction At Small Traditions Starting Wed. 8/19 & Ending Sat. 8/29

21320a_lg

The DrPSA ’86 Fleer Jordan #57, possibly the finest Jordan rookie card in existence, is back up for auction after 15 years in hiding

August 6th, 2015 – Auction Open Aug. 19th to 29th

Denver, CO – If you think that sports memorabilia and collectibles are hot commodities right now, then you’ve probably forgotten all about the 1990s, and who could blame you? It was in the 90s that personal computers and email became part of our daily lives, followed of course by the massive growth of the Internet, the dotcom boom, and the ensuing redistribution of trillions of dollars to businesses around the world, both real and imaginary. Indeed, by the late 90s, perhaps the only things keeping up with the unprecedented growth in dotcom stocks were the equally unprecedented growth in bicep sizes of Major League Baseball players and, in the same Herculean ways, prices paid for Michael Jordan basketball cards.

We’re talking about the Silicon-coated late 1990s here, folks, years before many readers were even born. It’s late in the summer of 1998, and while Slammin’ Sammy battles Big Mac for home run heroism on Professional Sports Authenticatorthe field, inflated bottom lines and cheap muscle mass reach deeply into the furthest corners of American popular culture. Previously for the most part innocent, even the baseball card and collectibles communities witness a massive proliferation in forged autographs, counterfeit memorabilia, and fake and altered cards and other material.

21324b_lg

Tougher than it looks, this 86 Fleer Jordan Sticker RC is 1 of only 79 copies ever graded PSA 10

Enter PSA. Under the umbrella of its Nasdaq-traded parent company, Collectors Universe (CLT), and following the 1985 lead of its sister company PCGS, or Profressional Coin Grading Service, Professional Sports Authenticator was founded in 1991 as the world’s first, third-party grading and authentication service for collectible trading cards. In 1998, the Newport Beach-based grading firm then expanded its service to also include autograph authentication under its PSA/DNA label, specifically, as the company’s constantly improving website states, “in response to widespread counterfeiting, forgery and piracy of autographed collectibles.” Two decades later and both PSA and PSA/DNA are the undisputed leaders in their respective fields, growing their expertise to include the “slabbing” and authentication of wax packs, tickets, baseballs, gloves, bats, photos, rings, awards, and even trophies.

Simultaneously working his way through the early years of sports card grading and authentication was a young optometry student by the name of Stephen Hlis. Veterans of the hobby might better remember Stephen by his nickname, DrPSA. After buying his first Michael Jordan rookie card with $300 of his student loan money in the early 90s, Hlis was hooked. Determined to find the finest Michael Jordan cards in existence, he set out across the country, attending card shows big and small, where he would characteristically employ his optometry equipment to measure the centering, first and foremost, on any decent Jordan encountered — on both sides — and then the corners, edges, surfaces… A pioneer in his own right, his quest was perfection.

21322b_lgBy the early 2000s, Hlis had amassed a legendary Michael Jordan collection. His goal had been to own the finest possible examples of each of Mike’s regular 1980s Fleer cards, all 12 of them. Condition was everything, and so when he learned about PSA and the concept of third-party card grading, he started submitting the special cards he himself identified as high-grade. Constantly seeking to upgrade each and every one of those 12 regularly issued Fleer Jordan cards from 1986 through 1989, Hlis (and the rest of the card world) soon learned that some of those iconic Jordans would prove to be far more difficult to find in perfect condition than others. On the rare occasions that he did find a higher-grade copy than he already owned, however, he’d proudly place it into what he soon dubbed his “Fleer Showcase,” the creme de la creme of his graded card collection, and he’d then sell or trade the inferior copies to finance his Jordan insert efforts or to feed his growing Carl Yastrzemski appetite.

21323b_lg

Hlis paid $40,000 for the first ’87 Fleer MJ Sticker PSA 10 in 2000

When someone offered $115,000 for the collection in 1999, DrPSA reluctantly decided it was time to tell his wife what he’d been doing with his optometry equipment after hours. Although she was upset to have been uninformed, MrsPSA encouraged the young doctor, who had just opened his own optometry practice, to keep his cards. Happy she did, Hlis made a website for the collection, and he continued to add to it, paying a record $40,000 for the first 1987 Fleer Sticker to surface in PSA 10 Gem Mint condition in early 2000. Like we said at the start, if you think that sports cards are hot now, then you’re forgetting the years preceding the dotcom and sports card crashes of the late 1990s and early 2000s.

21350b_lg

Hlis paid $22,500 for the first ’88 Fleer MJ Sticker PSA 10 in 2000

Case in point, when Hlis ultimately decided to sell his collection the following year, it fetched an astounding sum of $475,000, on eBay of all places, a record for basketball cards. Payment for the entire collection was split in two parts, with $250,000 paid up front for the inserts and non-traditional cards, and the $225,000 balance to be paid for the Fleer Showcase. The sale can still be verified to this day with surviving bank records, showing the first $250,000 payment, but when the dotcom bubble soon burst, precipitating an even steeper crash in the sports card market, DrPSA was stuck with his Showcase, albeit with a quarter million dollars in toe.

21312d_lgFinally making its way back to market for the first time in nearly 15 years is the DrPSA Michael Jordan Fleer Showcase Collection, which consists of all regularly issued 1980s Michael Jordan Fleer cards, all graded PSA 10 Gem Mint, except for the regular ’88 and ’89 cards which are in BGS holders. Because he was truly a freak — and we say that with all due respect and admiration — the DrPSA Fleer Showcase collection also contains another extremely high-grade 1986 Fleer #57 Michael Jordan rookie card. To be complete, Hlis insisted that his collection also contain the finest BGS-graded 1986 Fleer #57 Michael Jordan rookie card that he could locate through his obsessive searching for the ever-more-perfect Jordan, which at the time meant this incredibly high-grade BGS 9.5 Gem Mint 21321d_lgspecimen pictured here, boasting Pristine 10 subgrades for both its perfect centering and perfect corners. On top of this, the DrPSA Michael Jordan Fleer Showcase Collection contains yet a third high-grade 1986 Fleer #57 rookie card, chosen to represent the very upper limit of the Mint 9 grade from PSA, that is, a card that looks Gem Mint on first inspection but later reveals a few microscopic imperfections inconsistent with the top grade.

All 15 cards are currently available in Buy-It-Now listings with the option to make offers in the Small Traditions web store and on eBay, where we are previewing them for the first two weeks of August, in accordance with our consignor’s wishes. Any cards that have not sold by August 19th will then be listed with no reserve in our Third Annual Exclusive 100-Lot Summer Premium Auction, featuring The Supermen of The Hobby: Superman, Mickey Mantle, Michael Jordan, Derek Jeter and Mike Trout. In addition to some incredible items featuring these other hobby icons, the complete DrPSA Michael Jordan Fleer Showcase will be available in one lot, and the individual cards will also be listed in individual lots, with the cards selling via whichever format delivers the highest aggregate price for our consignor.

Additional reading:  Please click here to read an article about Dr. Hlis and his Michael Jordan collection, published by the San Francisco Chronicle.

Visit the auction August 18th to the 29th: http://smalltraditions.com/catalog.aspx

Limited Consignments Considered at 0% by Aug 17th

To make private offers, or to consign additional Jordan, Mantle, Jeter, Trout, or Superman items, please write info@smalltraditions.com or call 303.832.1975.

EXPLAIN IT TO ME: BGS 10 Pristine

JordanrookieHow does a piece of cardboard printed less than 30 years ago and for a fraction of a single cent grow in value to $100,000 today? To those familiar with the curious world of high-grade sports collectibles, the answer is simple: BGS 10 Pristine. To those not in the know, however, the answer is a little more complicated. Non-hobbyists (or citizens, as we in the hobby sometimes call them) have a difficult time understanding why such a piece of cardboard is worth anything at all, let alone 100,000 bucks, and even many long-time dealers and collectors can’t adequately explain the strange economics of graded baseball (and other) cards. This article, however, is an attempt to do just that, to explain, to both collectors and non-collectors alike, the freakonomic nature of the high-grade sports card market.

BGS 10 Pristine is the toughest, most elusive, and most coveted professional third-party grade in the card collecting hobby. To be clear, a “grade” is a numerical value that a paid expert assigns to a collectible trading card after he has thoroughly examined it from every angle and determined that it is original and unaltered. Grades range from 1 to 10, with 1 being Poor and 10 being either Gem Mint or Pristine. Once the professional grader has determined a card’s grade, the card is then sealed inside a tamper proof plastic case along with a label (we call it a “flip“) containing the card’s name, number, and year, as well as a unique certification number that allows the newly graded card to enter a database with all other graded cards in order to track how many total examples have been graded and how many examples in each grade have been realized. These databases are called population reports, or “pop reports,” and they form the mathematical basis for the economics of the graded card market.

BGS 10 Pristine is the highest grade awarded by Beckett Grading Services, a division of Beckett Media, the same Dallas-based publishing firm that first began hawking price guides nearly 30 years ago in 1984. On their website, they describe the Pristine 10 grade as follows, “Centering: 50/50 all around on front. 60/40 or better on back. Corners: Perfect to the naked eye and Mint under magnification. Edges: Perfect to the naked eye and virtually free of flaws under magnification. Surface: No print spots. Flawless color, devoid of registration or focus imperfections. Perfect gloss, devoid of scratches and metallic print lines.” The BGS 10 Pristine grade is a full step above the BGS 9.5 Gem Mint grade, which Beckett describes as, “Centering: 50/50 one way, 55/45 the other on front. 60/40 or better on back. Corners: Mint to the naked eye, but slight imperfections allowed under magnification. Edges: Virtually Mint to the naked eye. A speck of wear is allowed under intense scrutiny. Surface: A few extremely minor print spots, detectable only under intense scrutiny. Deep color, devoid of registration or focus imperfections. Perfect gloss, devoid of scratches and metallic print lines.”

The BGS 9.5 Gem Mint grade is generally equivalent to the Gem Mint grades at Beckett’s two primary competitors, PSA and SGC, and what’s important to understand about the Gem Mint grade at any of these companies is that it does not indicate perfection. Take PSA’s standards for its Gem Mint 10 grade: “A PSA Gem Mint 10 card is a virtually [my emphasis] perfect card. Attributes include four perfectly sharp corners, sharp focus and full original gloss. A PSA Gem Mint 10 card must be free of staining of any kind, but an allowance may be made for a slight printing imperfection, if it doesn’t impair the overall appeal of the card. The image must be centered on the card within a tolerance not to exceed approximately 55/45 to 60/40 percent on the front and 75/25 percent on the reverse.” The point is that the standards for Gem Mint at both PSA and BGS allow for slight imperfections. Another important point to understand is that while there are dozens of other grading firms in the market, PSA, SGC, and BGS are the most trusted and most utilized; they are the big three. However, the standards at each firm DO differ, and much to the chagrin of far too many collectors, a card deemed Gem Mint by PSA might not necessarily grade Gem Mint by SGC or BGS, and vice versa. The primary difference between the firms, however, is that PSA’s grading scale tops out at Gem Mint, while the scales at both SGC and BGS top out at Pristine, a full notch above Gem Mint. So, what does that mean?

jordan psa 10Simply put, a BGS 10 Pristine is a perfect card, and it is far scarcer and far more valuable than a Gem Mint card from any grading company. Let’s look at the famous 1986 Fleer Michael Jordan Rookie Card (RC) as an example. A PSA 10 Gem Mint specimen is currently worth about $8,000 to $10,000. According to PSA’s free pop report for the 1986 Fleer Basketball issue, there are currently 155 PSA 10s of this iconic Jordan card in circulation from a sizable sample pool of 13,324 submissions to the Newport Beach-based grading firm, while estimates of the total print run for Fleer’s famous 1986 Basketball set range from 60,00 to 100,000 of each card in the short 132-card set, a small fraction of the print runs for most other products distributed in the 80s. One of our favorite websites, vintagecardprices.com, tracked 25 different sales of these PSA 10 Gem Mint Jordan RCs in 2012, with a high of $11,800 and a low of $7,000 and a mean average around $8,700. That’s a nice price for a so-called “modern card,” which we generally define as anything produced after 1980, but let us not forget that “His Heirness” was also the greatest and most popular player in the history of the hardwood.

The picture is much different at BGS. According to their population report, BGS has graded a total of 6,481 copies of Mike’s iconic Rookie Card and awarded 288 Gem Mint 9.5s, which sold last year for as high as $20,000 and as low as $3,483. Vintagecardprices.com was able to track 88 of these sales in 2012, with a mean average around $4,500. However, and we’re finally getting to the important point here, if you look at the BGS population report, which is also free but requires a log-in, you will notice that they have also graded four examples of the famed Jordan RC in the pinnacle Pristine 10 grade. There are no sales records for three of these fabled four Pristine 10 Jordan RCs, probably because they are locked away in safety deposit boxes somewhere, but the first one ever realized sold on eBay in August 2009 for a whopping $82,000, and that same card later sold in June 2011 for $100,000. Now that’s some serious coin for a card produced not 30 years ago.

Before concluding, let’s turn down the volume on the value dial and explore the impact that the BGS Pristine 10 grade has on cards of lesser significance than the Michael Jordan RC. Most dealers and collectors of this sort of ultra high-grade material would agree that the BGS 10 Pristine grade tends to increase the value of a BGS 9.5 Gem Mint or PSA 10 Gem Mint card by an average multiplier of anywhere from 5 to 10 times, if not significantly higher in certain cases. For many years, the mere sighting of a BGS 10 on eBay or at a card show was a rare phenomenon, but they are more abundant now as a result of increased production standards at contemporary card manufacturers—cards nowadays often emerge from packs in Gem Mint if not Pristine condition—and also the sheer volume of submissions to BGS. Small Traditions is one of the hobby’s leading sellers of BGS 10 Pristines, and there are always dozens available in our popular Monthly Auctions, which always start on the middle Wednesday of every month and end 15 days later on the final Thursday of every month. Click here to be taken directly to a list of BGS 10 Pristines selling in the current month’s auction, and click here if you’d like to register to bid. Here are just a few examples of the premium prices collectors pay for BGS 10 Pristines:

Card PSA 10 Sale Date BGS 10 Sale Date
1982 Fleer #603 Lee Smith RC $62 eBay Dec 27 $600 eBay Feb 11
1983 Fleer #179 Wade Boggs RC $36 eBay Jan 19 $355 STs Nov 2012
1985 Donruss #273 Roger Clemens $69 eBay Jan 10 $293 STs Nov 2012
1987 Donruss #502 David Cone RC $15 eBay Dec 06 $380 eBay Mar 18
1989 Topps #49 Craig Biggio RC $25 eBay Dec 27 $316 STs Oct 2012
1989 Topps #647 Randy Johnson RC $25 eBay Jan 10 $384 STs Oct 2012
1989 Upper Deck #1 Ken Griffey RC $240 eBay Jan 26 $1,249 eBay Oct 29
1990 Leaf #300 Frank Thomas RC $69 eBay Jan 10 $921 eBay Nov 21
1990 Topps #692 Sammy Sosa RC $10 eBay Jan 11 $261 STs Oct 2012
1996 Score #240 Derek Jeter RC $12 eBay Jan 09 $355 STs Nov 2012
1999 TSC Triumvirate Derek Jeter $36 eBay Nov 28 $575 STs Nov 2012
2011 BP #BP1 Bryce Harper RC $270 eBay Jan 19 $1,200 eBay Nov 29

In addition to creating higher prices, the BGS 10 Pristine grade has another impact on the hobby that is important to mention before concluding. As Beckett rolls out its online Set Registry system over the coming months, the BGS 10 Pristine grade will have a significant impact on Set Registry collections. As collectors scramble to assemble the highest-graded Registry of sets like 1952 Topps, 1984 Donruss, or 1986 Fleer Basketball, to name just a few, demand for even common players in the BGS 10 Pristine grade will increase. Moreover, when it comes to Player Set Registries, expect to see increased demand for players’ cards beyond their rookie years. For an informative read on the Set Registry idea, please my first Explain It To Me Post: Pop 1, Pop 2, Pop What? – Understanding The Set Registry Concept.

In answering a few important questions about the economics of the ultra high-grade card market, we’ve opened the door to several more questions, with which I will leave you here but hopefully return to answer in subsequent posts. First, how can the prices for a PSA 10 Jordan RC, or any other card in the same grade for that matter, range by nearly $5,000, and how can the prices for a BGS 9.5 or BGS 10 Jordan RC range by as much as $20,000? Second, who’s to say what’s Mint or Gem Mint or Pristine, especially when the answer can create $100,000 of value? After all, isn’t grading an essentially subjective process? Third, why doesn’t PSA have a Pristine or Perfect grade like other grading companies? And last, are there other cards that will approach six figures because of the Pristine 10 grade, and will there ever be a seven figure Pristine 10? Forget Honus Wagner and “Shoeless Joe” Jackson cards, will there ever be a million dollar modern card? Thanks to the BGS 10 Pristine grade, I’m confident that the answer is yes, but I won’t tell you exactly what that is right now, because I’m still out there looking for it.

Thanks for reading, and happy hunting,

Dave Thorn