Collector Put Out Small Bounty! | PSA Wants To Be Amazon of Sports Cards | & More News!

[@JunkWaxHero]

Have you ever seen a collector bounty? Sign up for my newsletter: www.junkwaxhero.com/

[@robintaylor-mockingeemill8223]

I have been thinking of making a short most wanted list for the rare PSA graded cards I am looking for and handing them out at the Toronto expo .

[@JunkWaxHero]

@@robintaylor-mockingeemill8223 cool idea!

[@NuthinFancyCollectibles]

I think there is a bounty out for a JWH rookie card. 😉

[@JunkWaxHero]

@@NuthinFancyCollectibles still doesn’t exist!!

[@NuthinFancyCollectibles]

@@JunkWaxHero, 😢

[@matthewelliott2213]

In the PNW, Edgar Martinez is really a true legend. The Mariner's stadium is literally on Edgar Martinez Avenue. I'd imagine those cards are in local collections. I'm going to see if I have one and would happily give it to the guy to complete his collection-- effective way to get the word out!

[@JunkWaxHero]

Very nice!!

[@brettpatterson6544]

​@@JunkWaxHero Hey Mike, thanks for the bounty shoutout about my Edgar Martinez search. Would love to explain how I came up with the bounty number sometime if you are interested. Keep making great content!!

[@JunkWaxHero]

@@brettpatterson6544 thanks Brett!

[@Jimmycardcollector]

I can’t explain why someone would spend $200k for a Caitlin Clark card or $100k for an ultra modern Gehrig. It’s IRRATIONAL.

[@j.tyler2024]

I concur

[@Franz-f8w]

Because Caitlin Clark is the best basketball player ever.Period

[@SkinnyVinnie]

People would pay $100,000 for that card, So they can borrow against the $100,000 asset their whole life, there’s some rich scheme that they do with these expensive cards. The loan u get against the asset “value” is lower % than investing in avg return of the market, it’s like a guaranteed profit. Can also be handed down after death to family. It’s basically a never ending perpetual interest payment u receive ur whole life. It’s like a money printing machine. This is why people pay crazy $ for art also and many other things. Might not have explained it perfectly, but that’s basically it. Look it up for a better explanation. It’s a rich people scam. It’s why it’s always done with 1/1 bc the price paid is the market value that u set by paying for it.

[@HistoryOfComics-c3n]

they likely made 200,000 in crypto and need to get out

[@RodBelanger]

I’ve never seen a collector bounty but, I think it’s a great idea for a collector who wants a certain card.

[@JunkWaxHero]

Agreed

[@Bradydog-in7ut]

Asking for a card from 2002 that had a print run of only -/50 is going to be a very difficult thing to find. I’d bet at least half are in collections that may never see the light of day. Hell, I have a 2001 or 2002 Ichiro fleet card numbered out of 100 sitting in my collection. If the only way to obtain these hard to find cards is through a bounty, what’s wrong with that? Remember, a card is only worth what someone’s willing to sell or buy it for.

[@JunkWaxHero]

There’s nothing wrong with it. That’s why I said I like it.

[@sammyhill93]

Mike, great topics as always! I cannot believe they’re doing dynamic pricing on books now! I’d have the same reaction as you lol.

[@JunkWaxHero]

Yeah it's crazy right?

[@unamazon6107]

That Bowman 1st Lou G was pulled in my hometown LCS. Top Dog Comics in Augusta, GA! Pretty cool!

[@JunkWaxHero]

Very cool

[@TheCardDeal]

Did they get the 100k bounty money?

[@ACollectorsDream]

Thanks for sharing. You’re my weekly news guy.

[@JunkWaxHero]

@@ACollectorsDream that means the world to me, Orlando! I appreciate you always watching

[@jakepeters1404]

Love this every Sunday so refreshing!

[@JunkWaxHero]

I appreciate that!

[@gabriels1163]

I dislike psa. They grade poorly. Their slabs and labels suck. Their customer service sucks. Their prices suck. They should not be even in the top 3 grading companies

[@muckster_84]

Agreed, they are complete garbage for every single reason you listed but unfortunately they are #1 and have the highest resale value (I have a tough time understanding why) so for that reason alone is the unfortunate reason why I have my cards graded through them. I do really wish it wasn’t this way but if ya can’t beat em, join em.

[@gabriels1163]

@@muckster_84 Your last few words are the reason why they still exist. If everybody that dislikes psa stopped using them (as I and the store I work at did), they would either get better or go away.

[@muckster_84]

@@gabriels1163 I hear ya man, I’m just stating facts. It’s gonna take a massive change in overall opinion for our card collector/flipper public to switch to a new number 1. Unfortunately I have to be a sheep with this one, as I want my slabs to be the most valuable as they can be, because I collect cards but then get bored with some, then want something new and PSA always sells for the most unfortunately. Beckett is in shambles and SGC slabs just don’t have the proper resale value. This is all just my opinion.

[@Firecracker321g]

Amazing Joe Jackson and Jackie Robinson cards. Gorgeous freaking cards. They look so good in the SGC SLABS

[@JunkWaxHero]

@@Firecracker321g yes!

[@martincaidin4166]

EBay's a dream for buyers, who get to avoid the dreaded "buyer's premium" like at the big auction houses. I think sellers of high end sports collectibles avoid it because they see it as "small time."

[@JunkWaxHero]

Agreed

[@dustinp5299]

not sure why you only looked at PSA graded cards for the Edgar Martinez Black /50, as a raw one just sold on eBay in October for $250 (from Japan and it apparently had scratches). I'd say the $400 bounty is reasonable and if anything maybe a bit high/strong. But I suppose that's the point with that sort of offer--to entice someone to find one or pull one out of their collection for a nice payday.

[@XZOL445]

Thanks for including those Wizard of Oz ruby slippers. $32 million! Sheesh. Guess I shouldn't yell at my kids when they want $200 Nike Retro Jordan's!

[@JunkWaxHero]

lol

[@dannyb.3924]

RE: the 1979-80 O-Pee-Chee Hockey case debacle ... Who amongst us hasn't drunk bid on an item? 🤣😉 Granted I haven't bid anywhere close to that amount of money but I have had a small handful of regrets over the years. RE: I have never put a bounty on a card but I have asked friends attending a show to look for an item for me if I wasn't able to attend. I offered a percentage above purchase price but that's been about it. A great idea if you can't find an item. We always looked out for each other which was a blast. That being said I haven't been an active collector in over 20 years. Just want to put the proper perspective on it.

[@JunkWaxHero]

@@dannyb.3924 thanks for the comment!

[@johnbrown-yi6ju]

Love the content❤ very good info

[@JunkWaxHero]

Glad you liked the video!

[@mikewrobel2881]

The Elway autographs look good to me. Cool cards. I like his penmanship. Can read every letter. Compare to Mike Trout.

[@JunkWaxHero]

@@mikewrobel2881 true!

[@rschreck97]

The bounty is a good idea, is essentially saying “I want this and I’ll pay this much for it”. I’ve been eyeing a lot of early 2,000’s topps, and a gold and black 02 refractor of edgar is on my list, the golds are around $20-$40 on ebay currently. Hunting down rare early 00’s cards requires patience, but is super fun since some of the stars of that time aren’t worth too much now.

[@JunkWaxHero]

Yes!

[@mwmartin04]

I think the collector bounty is a great idea if you can get the views. I entered a Pedroia You Sketch It drawing back in 2010 and was chosen to have it made into a card added to 2010 Topps Update. I’ve been looking for it ever since. Bought way too many boxes back in the day. I’ve had an eBay search for years with no hits. Maybe the bounty is the way to go.

[@JunkWaxHero]

I remember you mentioning this! I think you emailed me some details and it got lost in my “future video” list…

[@5714Collector]

Hi Mike. I have never heard or seen a collector's bounty until today when you brought it up. It's amazing that someone would pay that much for a PSA 10 Dave Roberts. This is a fun series, and I enjoy watching on Sunday afternoons.

[@JunkWaxHero]

I'm glad you're enjoying the Sunday series!

[@davelachey8118]

PSA continues to surprise me with their #1 position. In my opinion they are not the best grader, the best authenticator, the best at customer service…it has to be the registry and their guarantees. For autograph authentication I’ve been using JSA more as I’m tired of PSA charging me and returning autographs as questionable. I have a lot of autographs I collected in the 60’s and 70’s that I want authenticated and slabbed. I had 2 Pete Maravich autographs from 1973 returned by PSA as questionable. Just received them back today from JSA, authenticated and graded. With their JSA partnership I plan to start using CGC for slabbing my old autographs.

[@JunkWaxHero]

That’s awesome! I was hoping to use CGC and JSA too but I was surprised at how expensive they were.

[@NuthinFancyCollectibles]

John Elway has a rare hand condition called Dupuytren’s Contracture. It causes the fingers to bend toward the palm. That would be why his writing looks shaky. To have an auto and an inscription like that would be 🔥!

[@JunkWaxHero]

Good info!

[@ZiggyNo]

Cheers. 🍻

[@SportsCardsWithLee]

I think I have one in my collection Edgar

[@JunkWaxHero]

Let me know please!

[@BZARZAGZA]

Appreciate the 30 minutes this week but I was off the treadmill by the time you posted it Mike 😂 I had to rely on Sammy's livestream video last night & John Wade Boggs fan to get me through my hour.

[@JunkWaxHero]

@@BZARZAGZA a couple of good ways to pass an hour!

[@bryanhogamier3039]

The print on that Hogan card didn't tickle my fancy. Maybe it was just the picture.

[@JunkWaxHero]

@@bryanhogamier3039 maybe that’s why it didn’t gem?

[@mnplumberman]

"Someone" isn't paying $100,000 for the Lou Gehrig card. A Company (Who Sells Trading Cards) is paying $100,000 for Promotion/Advertisement by having a bounty on a card. Anyone who wouldn't take that money is crazy. I like the Gehrig/Elway Bowman stuff, as long as they keep it rare.

[@JunkWaxHero]

I wonder, though, if wealthy private collectors are laundering their bounties through the larger companies.

[@Butkusman]

So, on Elway, he has Dupuytren's contracture, which can make it difficult to write. I would guess that might contribute to the shakiness of his writing.

[@JunkWaxHero]

I didn’t know! Thanks for the info

[@CRTSportscards]

Why would someone pay $10k for that Gehrig, much less $100k.

[@JunkWaxHero]

Exactly

[@ASMRPeople]

Pop control check out the 79 wizard of oz rc.

[@TJ_Is_Online]

1982 Wresting All-Stars Hogan = 1984-85 Star MJ 101. 👀

[@Jumbo_Jimbo_in_Limbo]

TAG Grading for the win!

[@jeffkoll4002]

I want to disagree with you about PSA, because I don’t like their slabs. But, I do use them when I have a card I want to sell, so I guess you are correct. They are the Amazon of the Sports Card world.

[@JunkWaxHero]

@@jeffkoll4002 yeah this perfectly encapsulates my point… does anyone LIKE them? Probably not.

[@UsmntSoccerCards]

@@JunkWaxHero I "Like" them.. Beats having Beckett grading fakes en masse and not doing anything about it.

[@kingsfan_Tim]

There are still some reasons to send to Beckett. If you think PSA pop controls which they do, then can send to Beckett and hope to get the 9.5. For example i have a Rickey Henderson RC Psa 9 and a Jordan sticker RC PSA 9. Both went through the pwcc vault and got their top 5% rating. So its worth a try crossing to a Beckett 9.5. If it doesnt, then can send to SGC for either a 9.5 or 10. Either would bring much higher values than a psa 9. On a side note, a Beckett 10 sells for more than a PSA 10 but why doesnt an SGC 10 sell for more than a PSA 10? Since SGC can either grade a card Mint + 9.5 or Gem MT 10, you would think they have another layer to filter the gem mint cards. Some psa 10s are only Mint +...anyway may be a good topic for your channel when grading standards are discussed.

[@JunkWaxHero]

@@kingsfan_Tim yeah good questions. I think SGC 10 doesn’t sell for as much because they give 10s out more than BGS does

[@kingsfan_Tim]

@JunkWaxHero i was comparing SGC 10 and PSA 10. BGS 10 is pristine so harder to get and should sell more than SGC and PSA 10 which are gem mints. My question was between SGC 10 and PSA 10...It should be harder to get a SGC 10 than a PSA 10 in theory because some Mint + cards are being graded SGC 9.5 already so to get a SGC 10 should be tougher...but I guess people just prefer psa 10s as they feel that is the highest psa can give. I do wonder if i can cross some sgc 10s to psa 10s.

[@JunkWaxHero]

@@kingsfan_Tim SGC has two 10s. The standard one is gem mint like PSA’s. Then they have the “gold” pristine 10, which is way rarer.

[@kingsfan_Tim]

​@@JunkWaxHeroyes familiar with the gold sgc for pristine but just comparing the sgc gem mint 10 and the psa 10. Anyway its fun discussing the grading scale as the same card can be graded a psa 9 or sgc 9.5 or bgs 9.5 and it has huge impact in prices.

[@cryptonite8495]

There are collectors on the PSA Set Registrty for whom $33,600 would be the equivalent of $33.60 for me. Would I spend $33.60 to get a PSA 10 for my set to give me just a tiny boost past my hated rival for the #1 spot? Back in the day I spent $300 for a PSA 10 worth $100. The registry meant that much to me. I was crazy with the fever. These rich whales who spend tens of thousands of dollars for a PSA 10 common are crazy. Why not just buy all the raw 1975 Dave Roberts that look mint for a couple bucks each and send them all to PSA? You might get your 10 and sell the 9's to the other 1975 registry nuts who will be glad to get them.

[@JunkWaxHero]

@@cryptonite8495 yeah I wish I had that kind of money but I don’t think I’d be spending it on Dave Roberts.

[@blueodum]

That's a lot of work, probably not worth it for a rich guy.

[@cryptonite8495]

@@blueodum Hire someone to do the work and take notice only if a 10 reaults. Still a lot cheaper than buying the 10 already slabbed. But I agree time is more valuable than money to these guys.

[@SportsCardsWithLee]

No black just gold

[@JunkWaxHero]

Bummer

[@SportsCardsWithLee]

@ don’t think I ever had my hands on a black number

[@TJ_Is_Online]

I love those minor league Ripken cards but never understood why people get “rare” cards signed. Goes back to “collect how & what you want”.

[@JunkWaxHero]

Yeah I’d get it signed BECAUSE it’s rare! 😊

[@TJ_Is_Online]

@ but that’s a form of card altering 😀🤣😂

[@JunkWaxHero]

@@TJ_Is_Onlinelol I know

[@kingsfan_Tim]

​@@JunkWaxHeronowadays, with autographs getting expensive, its what you have signed that sets it apart. However its risky to send nice conditioned cards through the mail or to those services that get it sign for you.

[@TheCardDeal]

I don't know if I can handle 2 Mike's on one show!

[@jamesmcferran4938]

Go Black Bears!!!

[@Vintage_And_Olerud]

The Gehrig card is baffling. Has to be a lined up super collector with deep pockets. The "real" Gehrig cards you could buy with that $... Wow. I would sell that card immediately.

[@JunkWaxHero]

100%!

[@lgc_opc959]

34k versus 1.26M is not almost a million fewer...it is quite significantly over 1.22M fewer. I think you missed a decimal place.

[@JunkWaxHero]

Ha you’re right! Man… and I’m really good at math too. Not enough sleep. Thanks for the professional correction!

[@TheCardDeal]

I will see you in Strongsville Mike, hopefully. I will bribe you because I really enjoy your channel, please everyone lets try to not reference Geoff. Myself included 😁

[@JunkWaxHero]

lol I really don’t like mentioning him at all to be honest. As for Strongsville, I’d love to go but it’s unlikely due to its proximity to the National.

[@TheCardDeal]

@JunkWaxHero No worries, see you in Chicago 👍🏼

[@mnplumberman]

To be pedantic. Bounty is a weird/incorrect term for how people seem to use it in the Hobby in the first place IMO. A "Bounty" when looking for a Criminal is paid for information leading to the arrest/conviction of a person. A "Bounty" in sports cards seems to be just an Open Offer for purchasing the card. A real bounty would be a finders fee for locating the card, maybe conditional based of the card being purchased. Is he willing to pay $400 to locate this card? Or is he saying he will pay $400 for this card?

[@TheCardDeal]

These prices are criminally insane, so I like bounty

[@JunkWaxHero]

I do enjoy pedantry!

[@ASMRPeople]

100k for a modern gehrig? You probably could get yourself a 33 goudy 6 or 7 for that.

[@JunkWaxHero]

You are absolutely right!

[@DansVintageBaseballPC]

Take the 100k bounty and buy several real Lou Gehrig cards.

[@SkinnyVinnie]

People would pay $100,000 for that card, So they can borrow against the $100,000 asset their whole life, there’s some rich scheme that they do with these expensive cards. The loan u get against the asset “value” is lower % than investing in avg return of the market, it’s like a guaranteed profit. Can also be handed down after death to family. It’s basically a never ending perpetual interest payment u receive ur whole life. It’s like a money printing machine. This is why people pay crazy $ for art also and many other things. Might not have explained it perfectly, but that’s basically it. Look it up for a better explanation.

[@jdssportscards]

I was going to discuss something similar on my channel. I have to wonder if Nat is positioning Collector's to be sold to Fanatics? Or, are they waiting for Fanatics to fail and swoop in and really take over?

[@johnmurray6690]

Caitlyn Clark card is interesting…I love what she is doing by HERSELF to get the league in the black I just don’t see it lasting 🤔

[@in2rock275]

I still think the Mantle auto is not genuine. Unless you have a video of it, how do you really know if any player auto is real?

[@UncleGarysCollection]

My man Pat @ T206 Museum is offering a $8k bounty for ??? His contest starts on 12/10 and he will be revealing what he is looking for. Give him a shout out. Great channel if you're into T206.

[@JunkWaxHero]

Cool!

[@joeschmoe2011]

The value of Beckett is not the number of cards they grade monthly. The value is how many potential cards they could grade monthly plus the value of their subscription lists, loyal customers, trade name and potentially any trade secrets Beckett has that the industry is not privy to plus those million slabs per month is nothing to sneeze at. The amount overall has a lot of gray area and questions and unknowns. But that gives Beckett more leverage than any other method. Topps is horrible. Absolutely horrible. It is not pure coincidence that damaged cards end up in packs. It is not pure coincidence that "hits" in retail are 50% chance of being pulled as damaged. It's higher than 50/50 actually. It has to be. This reminds me of law school and reading about what took down the cigarette industry. The cigarette industry was essentially immune from lawsuits for decades because they did not have to list their ingredients. That's because cigarettes were sold as 'premium' cigarettes. And just like premium whiskey or premium cigars, cigarettes sold as premium did not have to list their ingredients. But because the cigarettes were sold as 'premium' they had to be manufactured as premium. They had to use only the best ingredients and assembly techniques to ensure the cigarettes were manufactured as premium (as compared to lesser quality cigarettes, which of course, there were none). But that all changed one day. Tobacco roles down the assembly line and is assembled with the paper and packaged for sale. But it was discovered that during assembly, some tobacco usually falls off the assembly line and lands in the floor. Also it was discovered that this tobacco on the floor is swept up and put back on the assembly line. I think they called it reconstituted tobacco. Great for not wasting product. But by putting reconstituted tobacco back onto the assembly line, the 'Premium' designation was lost. You don't put tobacco off the floor into premium cigarettes. When you do, you no longer have a premium product and must list your ingredients. That is what essentially opened a whole new avenue to sue cigarette companies and the rest is history. Let's look at the card industry. There were similar issues as the cigarette industry had years ago. The card industry used to sell premium cards back in the mid 1990's. That's how Stadium Club and SP, etc were all advertised. And the quality and quality control was much higher. It had to be or the FTC would get involved. But card companies figured out that they could remove the 'premium' label and not be restricted in what they put in boxes and packs. Suddenly, those dinged cards were able to be in the packs with the others. And even more amazingly, the market didn't change. There was still the demand which was increasing and people didn't seem to notice the premium language removed from the packs and boxes. The price could still be $500 per box or even $2k per box. They still sold. I think someone would probably suggest that the addicted percentage of the market is responsible for some market anomalies. So that kind of takes us to today's market IMO. You see some card companies use the premium language in their product descriptions but they use language very carefully. Otherwise, those $2k boxes of cards are simply standard issue cards with standard issue guarantees and obligations (essentially no guarantees), but a premium issue price which people don't seem to mind. /rant at Topps for today.

[@JunkWaxHero]

I didn’t expect to see the card industry compared to the cigarette industry, but this was a great comment!

[@joeschmoe2011]

@@JunkWaxHero this is how they keep putting damaged cards into packs and getting away with it. It is not pure coincidence that the best card pulled out of a retail blaster or hanger is often damaged. That is the norm, not the exception - like 20 boxes in a row and every single box the best card is damaged. 20 random purchases in a row and the best card in every single box is the only damaged card. Let me put that out one more time - 20 random 2024 Topps retail boxes in a row and the best card is damaged in every single box. Not half the time but every single time. This is the news about the hobby that needs to be told about. It is amazing how card companies can get away with this year after year. This happens in this particular type of market. It is very, very (make that extremely) easy to pull the wool over the eyes of this market. That is why the card market is so hot. Not because of the product. But because of the cluelessness of so many that purchase new cards. That is where the upside is.

[@JunkWaxHero]

@@joeschmoe2011 can you email me evidence of that?

[@joeschmoe2011]

@@JunkWaxHero I only have the damaged cards remaining which doesn't really prove much - no receipts remaining. But I am convinced Topps puts damaged cards into retail packs similar to how cigarette companies used to put reconstituted tobacco into cigarettes.

[@gabriels1163]

New entrants to the hobby are definitely more likely to use a non big 4 grader than bgs. That's how the small companies are able to get customers, people that have been in the hobby a while hear non-stop how only psa should be used, but new people havn't had that propaganda shoved down their throats for years and are much more open-minded

[@beansballcardblog]

Where I do think you are wrong about something was your statement that Topps can't keep adding parallels. They can. Because these card cucks have shown that no matter what bullshit the card companies put out, no matter how many times they screw over collectors...they won't put their money where their mouth is and stop buying. At a second level, even IF they did...breakers still bust so much of the product that the collectors stepping back, while it would be a hit, wouldn't break them at all. They just do what they want because they do NOT care about collectors, and collectors are too weak to stand up to them and stop giving them money.

[@JunkWaxHero]

@@beansballcardblog oh I agree! I was mostly being facetious with the Breaking Bad quote

[@beansballcardblog]

@@JunkWaxHero Never watched so I didn't catch that...oops!

[@nyyanks7]

Probably not the first time he stole cards in that manner. Someone always has to ruin the integrity of the hobby.

[@JunkWaxHero]

True

[@C.Baumann]

Beau should crack and resub.

[@JunkWaxHero]

@@C.Baumann lol

[@DansVintageBaseballPC]

You promised 50 minutes and it’s only 30. Refund time again, buster.

[@JunkWaxHero]

@@DansVintageBaseballPC I definitely didn’t promise 50 minutes.