Cycle 460: Overlooked and Undervalued (Part Four): Cycle 460 v.s. American Beauty 460

For the last installment of this series, we’re going to take a look at how the the Cycle 460 Subset compares to the American Beauty 460 Subset in terms of scarcity.  There are 75* poses in the American Beauty 460 Subset and 109 in the Cycle 460 Subset.  All 75* poses in the American Beauty 460 Subset were also printed with Cycle 460 backs.  Because of this, we have a nice large sample of poses to use for comparison.

Checklists for each back, courtesy of T206resource.com:

Cycle 460

American Beauty 460

My Hypothesis:

Before beginning to research the Pop Reports, I had the following expectation:  I thought that overall, there would be more American Beauty 460s in the PSA Pop Report than Cycle 460s.  The main reason for this is the “Exclusive 12”.  These 12 poses are quite plentiful with American Beauty 460, in stark contrast to the other poses in the subset.  Part of the reason I wanted to publish this series of articles was to show people how Cycle 460s are definitively scarcer than American Beauty 460 in an aggregate sense.  However, I knew certain American Beauty 460 poses are near impossible to find, while the average Cycle 460 pose is scarce, but not bordering on unique.  I was expecting to find if I removed the Exclusive 12 poses from the data, the remaining American Beauty 460s would have a lower Pop than the Cycle 460s.  Let’s take a look at the data I compiled below.

Explanation of Research**:

19 of the 75 poses in the American Beauty 460 Subset were also printed with an American Beauty 350 No Frame back.  Because PSA used a generic “American Beauty” label for a number of years, there’s no way to differentiate between American Beauty 350 No Frame and American Beauty 460 for those 19 poses.  Which that left me with 56 poses to research.  I began by creating a table with all 56 poses, located below.  The “Exclusive 12” poses are highlighted in yellow.

As you can see, American Beauty 460 backs outnumber Cycle 460s by a fairly large margin.  But take a look at the highlighted entries.  The “Exclusive 12” have skewed the data so much that it looks like Cycle 460 is the scarcer back.  And it doesn’t look close.  In an aggregate sense, Cycle 460 is the scarcer back.  Cycle 460 should be ranked above American Beauty 460 on a Back Scarcity Ranking list.  But, if we remove the outliers (the Exclusive 12 poses) from the data, is Cycle 460 still the scarcer back?

This table consists of 44 poses (the 56 poses above, minus the Exclusive 12 poses).  It gives us a much clearer picture of the situation.  It appears from this set of data that the remaining American Beauty 460 poses are scarcer than the remaining Cycle 460 poses.  Because the totals are so close, these results don’t necessarily prove anything.  However, I think it’s safe to conclude that Exclusive 12 poses aside, American Beauty 460 and Cycle 460 poses exist in very similar quantities.

*At the moment, there is some question as to whether Ames Hands Above Head actually exists with American Beauty 460 back.  For now, it is in the checklist, and I included the pose in the research.  In the future I could see it being removed from the checklist if no collectors are able to find one.

**Throughout this series of articles, I have used only the PSA Pop Reports to test the hypothesis.  I chose to do this for a couple different reasons.  First, the PSA Pop Report is a little easier (and quicker) to use when checking a number of different players with the same back.  Secondly, there can be some confusion on the SGC Pop Reports when a player has one pose that was printed with a Brown Hindu back and another pose that was printed with a Red Hindu back.  The same holds true for American Beauty 350 With Frame & American Beauty 350 No Frame.  I wanted to have data that was completely uniform and I didn’t want to use any entry that included any ambiguity.

Why I Prefer My T206 in Graded Holders

Among T206 collectors, grading can be a polarizing topic.  There are some who would never buy an ungraded card, and others who can’t wait to crack out their newly acquired graded cards and put them into their binders.  Then of course there is a large group of people who fall somewhere in the middle.

The reason that some prefer graded cards is the security of knowing both that the card is authentic, and a general price range for the card.  Less experienced collectors wisely gravitate towards graded cards for the security and peace of mind they provide.  I know a number of more experienced collectors who prefer their cards ungraded, either in a binder or card savers/top loaders.

I’ve seen many long-time collectors state that they choose to keep their cards raw because that is the way they kept their cards when they first collected cards as a kid.  The way I collected cards as a kid I believe contributes to my fondness for graded cards.  When I was a kid, I placed a lot of importance on the presentation of my cards.  I routinely paid $2 a pop for those thick lucite screw-downs to house my favorite cards.

I liked the way they looked in the thick holders and I liked the protection the holder provided.  The last reason is a little silly, but I’ll confess it here, among friends.  I felt like my best cards deserved to be displayed in a grandiose way, and by putting them in a thick lucite holder, I was showing them the respect they deserved.

As ridiculous as that sounds when I say it out loud (or write it), 34 year-old me still treats my cards the same way 14 year-old me did.  If I could have created my own custom card holders back then, they very well might have looked like PSA holders do now.  Putting my cards into a graded holder that provides protection and notes the player’s name and back advertisement is definitely something I would have done as a kid if I had collected T206s instead of 1991 Score.

An additional reason I prefer my cards to be graded is that, as a back collector, I enjoy being able to look at the front of a graded card and see the back written on the label.  It’s nice when thumbing through my own cards, but it also saves me a ton of time when scrolling through sale listings online.  Another thing that graded cards have going for them is ease of sale.  I have a small card budget, so when I buy a new card, I almost always need to sell something to offset the cost.  Having the majority of my collection graded already graded makes it easy to list a few cards for sale and sell them quickly.

T206 and the Dreaded PSA (MC) Qualifier

Although individual tastes vary, T206 collectors as a whole tend to dislike graded cards with qualifiers.  PSA is the only grading company that uses qualifiers in their grades, however SGC takes the same card attributes into consideration for the most part.  The different qualifiers that PSA may assign to a card are MC, OC, MK and ST.  For the purposes of this article, I am just going to talk about the (MC) qualifier.  (MC) stands for “mis-cut” and is given to any card that has some portion of printed area that is either cut off or right up against the edge of the card.  The Schmidt portrait above received the qualifier not because the front is slightly off-center, but because a tiny portion of the ornate scroll on the adjacent card is showing on the left edge of the back of Schmidt.

Looking at prices realized, it’s often pretty clear that collectors look down their nose at cards with the MC qualifier.  The general rule of thumb I’ve heard is that a qualifier knocks the card’s value down two full grades.  So, if you have a card in a PSA 4 (MC) holder, you might expect it to sell for a the price of a PSA 2, or at least in the vicinity.

A recent post on net54baseball.com got me thinking about this topic.  There were some vehement anti-qualifier posts that I thought were interesting.  Among them:

“Honestly severely off centered/miscut cards bug me the most…I avoid those like the plague!”

“I avoid cards with qualifiers…currently have none in my collection.”

“You could not pay me to take a card with qualifier on it, if I can find any other card that doesn’t have a qualifier…”

I have to admit I was a little surprised by the passionate disdain evident in these comments.  I’ve never felt too strongly one way or another about the (MC) qualifier, but it is clear that many do.  One reason someone might feel this way is that cards with qualifiers sell for quite a bit less than a similar card of the same grade without the qualifier.  I can understand people not wanting to spend money on a card that they will lose money on, but in this case I don’t really understand passing up a card with a qualifier for monetary reasons.  Since they sell for less, that means you can buy them for less as well.  There’s no need to lose money on resale if you paid a fair price to begin with.

I would assume there is also a bit of herd mentality going on here as well.  If the majority of collectors avoid cards with qualifiers, maybe it’s less fun to show them off to friends who don’t appreciate them, they’re tougher to sell, etc.

The third reason is that the cards themselves turn people off.  This is of course the main reason, evidenced by lower prices of qualified cards across the board.  The thing is: all qualifiers are not created equal.  The Schmidt and Lobert cards above are not nearly as off-center as the Graham below.

In my opinion, if people focused more on the card than the flip*, you would see more love for cards with qualifiers.  In many cases, the reason for the qualifier does not affect eye appeal much at all, but many collectors will still shy away from those cards.  Of course, many cards with qualifiers have substantial “flaws” or attributes that negatively affect their eye appeal.  For collectors who only enjoy a perfectly centered card, the (MC) qualifier is useful, because it tells them they will probably not like the card.  Although they are not the topic of this post, I can also understand collectors who don’t like writing or marks on their cards (cards like this would receive the MK qualifier.  If you collect low or mid-grade T206s with common backs, there are plenty of well-centered cards out there, so there’s no reason to buy a card with centering issues.  However, if you collect some tougher backs, you don’t usually have the same options.  I was thrilled to add the Schmidt and Graham to my collection at great prices.  I’m glad the qualifier doesn’t bother me, because I could be waiting years before I find a nicer copy of either front/back combo.

Although the negativity towards cards with the (MC) qualifier mystifies me a bit, I’m happy to keep buying the ones I like at great prices.

*flip is a slang term used by collectors to refer to the PSA label

How to Store Your T206 Collection?

Deciding how to store your cards doesn’t seem like it should be difficult, but it definitely was for me when I first started collecting.  There are a lot different options, each having advantages and disadvantages.  It seems to me that the majority of people prefer their collection have a uniform look, but I know of a few who don’t worry about that.   Graded cards are great for uniformity and protection.  But if you only buy graded cards, you’ll miss out on some great ungraded cards.  So, how to store your ungraded cards?

Collectors sometimes joke about having a touch of OCD that makes them feel the need to have  all their cards in the same holders or a binder.  I don’t know if it’s actually OCD or not, but I can relate to the feeling.  I have always preferred uniformity in the presentation of my collection.

When I started collecting the T206 set in 2010, I decided I was going to collect the entire set in SGC holders.  I even went so far as to think I’d like all of the cards to be graded SGC 30.  I didn’t take long for me to realize that it would be incredibly tedious to only collect a certain grade and that I would miss out on a lot of great cards and/or great deals.  I also realized that I was collecting cards, not numbers on a piece of paper.  So then I started buying raw cards as well and keeping them in Card Savers that were the same size as the SGC cases.  Then, I found some nice PSA cards and bought them.  Then I decided that the Card Savers were too flimsy and I bought a bunch of screw-downs for the raw cards.  That lasted a couple weeks before I got rid of them for taking up too much space and being too difficult to thumb through.  Then I decided I would go with tobacco sized top loaders.  They were both small and secure.  That seemed like the perfect solution.  But then I got annoyed with the top loaders because between the penny sleeve and top loader, there were two layers of plastic between the card and my eyes.  The cards looked so much better without all the plastic.  So, I figured I’d go back to Card Savers, but this time I picked the smaller size.  This is where I am now after that somewhat ridiculous journey.  I’m pretty happy with an assortment of graded cards and raw cards in Card Savers, but who knows how I’ll feel next year.

Let’s take a look at all the options and their pros and cons:

Keeping your cards in whatever holder they arrive in

Pros:

  • Easy
  • Low Maintenance
  • Cheap

Cons:

  • Different sizes of holders might make it harder to thumb though your cards
  • Tape or stickers on the holders might obscure images or text
  • May not provide as much protection as you’d like

Exclusively collecting graded cards

Pros:

  • Uniform look
  • Easier to sell when you need to
  • Maximizes value
  • Provides protection beyond most raw card storage options
  • The holders display player name and the back on the label, which is nice

Cons:

  • You often pay top dollar for your cards
  • You miss some good deals and great cards that are sold ungraded

Tobacco sized top loaders for your ungraded cards

Pros:

  • Small and easy to store
  • Sturdy
  • Easy to thumb through

Cons:

  • Two layers of plastic can dull the image and colors
  • Penny sleeve can get crinkled and distort the image a bit

Card Savers for your ungraded cards

Pros:

  • Thin and easy to store
  • One layer of plastic for maximum clarity of image

Cons:

  • Bendable plastic does not provide much protection

Thick plastic screw-downs for your ungraded cards

Pros:

  • Provides maximum protection
  • Great for displaying your cards
  • Image clarity is usually very strong

Cons:

  • Expensive
  • Take up a lot of space
  • Hard to thumb through (and if you do, you’ll scratch the holders)

Storing your ungraded cards in a binder

Pros:

  • Takes up less space than any other method
  • The set looks great displayed together
  • Less plastic
  • Less space between cards (as compared to setting a bunch of slabs on a table) means you can look at more cards at once

Cons:

  • Very little protection for your cards
  • Can be difficult to place cards into sleeves and remove them
  • Inserting or removing cards from pages can damage them (however if you use stamp tongs it’s pretty safe)

As you can see, there are many good options for storing your cards.  You want to strike a balance between protection and presentation.  Graded cards may be the best of both worlds, but ungraded cards in Top Loaders can be a great option as well.  In my opinion, Card Savers and binders offer the best presentation.  However, if you choose either of these methods, you need to be more careful when handling your cards.

I hope this overview will be helpful to some of you.  Did I overlook any storage options that you use?  I’d love to hear how you guys do it, so please leave a comment*.

 

* I know that my current comment system is not very user-friendly.  I’m trying to figure out how to upgrade it.  Right now it looks like I’m either going to have to learn how to code, or to pay someone to do it for me.  Hopefully that is coming sooner rather than later.

Auction Report: Memory Lane

T206 Evers Red Hindu

Memory Lane’s winter auction came to a close on Saturday night.  Among the offerings were a group of T206 rarities that attracted some spirited bidding.  It looks like a Chicago Cubs collector consigned a large group of cards to this auction.  A majority of the significant T206s sold here featured Cubs players on their fronts.

Red Hindu Evers SGC 60 – $6,225
This is the second-highest graded copy of Evers Red Hindu, and it is a stunner.  It seems like a strong price to me based on the POP numbers, but the same card sold for $10,158 two years ago in Heritage, so I’m sure the buyer is thrilled.

T206 Chance Lenox PSA 4

Chance Lenox PSA 4 – $3,037
This one was a great deal.  The same card sold for $8,888 via REA in 2012.  It’s the highest graded copy in either pop report and a nice looking card.  If it had been in a shiny new holder with “Lenox” on the flip, I bet it would have sold for more.  A very nice buy for the new owner.

Chance red portrait EPDG PSA 5 – $1,951
This is the highest graded copy at PSA, and it fetched a strong price.  A front/back combo that’s sneaky tough to find, this one was definitely not ignored by collectors.

T206 Evers portrait Hindu

Evers portrait Hindu SGC 50 – $1,319
The new owner has to be excited to snag this card at such a great price.  It’s a bit of a weak 4, and that, as well as the myriad other tough Cubs cards in the auction, may have depressed the price.

T206 Tinker Blank Back

Tinker bat off shoulder Blank Back – $1,244
This is my pick for best deal of the auction.  Printer’s Scrap and Blank Backs continue to see their values fall, but this price seems ridiculously low.  I imagine a lot of back collectors will regret letting that one go for such a low price (I already do).  The fact that this is Tinker’s least popular pose may have been partially responsible for the low hammer.

Evers Broadleaf 350 SGC 30 – $1,128
Another card that went a lot lower than I would have expected.  In retrospect, I wish I had gotten in there.  Besides being a very scarce front/back combo, this one also has tremendous eye appeal for the grade.  No paper loss, and the lone crease is not too distracting.

Evers Broadleaf 350

Evers Cubs on Shirt Sovereign 150 SGC 40 – $580
This front/back combo is tough to come by, and there were clearly 2 or 3 bidders who really wanted this one.  It’s a strong return for the consignor and a fair price based on the scarcity of the card.

Examining the T206 Joe Tinker Hands on Knees “Chicago” Variation

T206 Tinker hands on knees PSA Chicago variation
This is the third copy that surfaced, and by far the nicest. Originally sold by REA in Fall 2013 for $11,850

The T206 Tinker Hands on Knees “Chicago” variation is one of the more valuable errors/variations in the set.  For a card that has repeatedly sold for five figures, it seems to fly under the radar in terms of notoriety.  It’s a relatively recent discovery, which could be a contributing factor.  The first copy surfaced in March 2011 on ebay.  A thread was started on net54baseball.com to discuss it.  There was a lot of skepticism initially.  However, a few long-time T206 collectors stated that they thought it was legit.  On April 15th of 2011, Bob Lemke posted that the card had been graded by SGC and was deemed a legitimate variation.

T206 Schulte Proof Keith Olbermann

At the time the first copy was being discussed, it was known that an early proof of Wildfire Schulte front view had “CHICAGO” written
across his jersey rather than “CUBS”, lending credence to the idea that perhaps Tinker was originally slated to have “CHICAGO” across his
jersey as well.  The Schulte proof, which is one of the coolest T206 cards in existence, is owned by Keith Olbermann.  He wrote an article about proofs and variations in 1997 for the Vintage & Classic Baseball Collector magazine which included a scan of the Schulte proof.  I’m less sure about the timeline of the discovery of this Tinker photo, which legitimized the variation for anyone who was still skeptical.  It’s clearly the photo that was used for Tinker’s Hands at Knees T206 card.  You can see why they didn’t want to copy it exactly, since his Tinker Chicago on jerseyjersey is unbuttoned and it’s hard to read the letters across his chest.  Why they chose to remove “CHICAGO” and add “CUBS” rather than just touch it up so “CHICAGO” was legible is anyone’s guess.  Every Chicago Cubs pose released in the 150 series features”CUBS” across the jersey.  It’s possible all Cubs were initially slated to be printed with “CHICAGO” on their jerseys.  It’s also possible that Schulte and Tinker were changed to “CUBS” to fit in with the rest of the team.

In REA’s Spring 2012 Auction, a second copy of this variation surfaced, selling for $18,960.  This one was noticed by an SGC grader who spotted it while grading a submission.  The owner promptly sent it to REA and cashed in.  Soon after, the first copy was auctioned off in Greg Bussineau’s Summer 2012 Auction, where it fetched $33,720.  The second copy is in much nicer shape, even though the grades are identical.  Waiting until the second copy sold turned out to be a wise move for the owner of the first copy.

rea-spring-2012-tinker-sgc-20

In 2013, the third copy of this variation surfaced.  This one is by far the nicest.  It was graded a 2.5 by PSA due to some slight surface wear on the back but looks a lot more like a 5.  A distinct pattern had developed, as this card (in addition to copy #1 and copy #2) featured a Sweet Caporal 150 factory 30 back.  The third copy was auctioned off by REA in the Fall of 2013 and went for $11,850.  The same card was recently sold via Heritage Auctions in their August 2016 Platinum Night Auction.  This time, it fetched $22,705.

rea-2013-psa-2-5-tinker

T206 Tinker Chicago Sweet Caporal SGC 20
Copy #1, sold by Greg Bussineau for $33,720 in Summer 2012

Only 3 copies of this variation are known, but a number of Tinker Hands on Knees cards show remnants of the darker “CHICAGO” text.  The theory is that when the printers swapped “CHICAGO” for “CUBS”, they initially left “CHICAGO” underneath but reacted quickly to erase most of “CHICAGO”.  The partial remnant can be found on cards with Hindu, Piedmont 150, Sovereign 150, and Sweet Caporal 150 backs.  I am not aware of any 350 series backs that feature the remnant, so they must have cleaned it up for a second time following the 150 series print runs.  Copies with the remnant are not particularly tough to find and don’t seem to sell for any premium.

Next time you come across a copy of Tinker Hands on Knees, make sure to give it a close look.  There might be another one out there just waiting to be found!

Thanks to Robert Edwards Auctions, net54baseball.com, Bob Lemke’s blog, and Heritage Auctions for the reference materials for this article.

tinker-sc-and-sov150-with-remnant
Sweet Caporal 150/30 and Sovereign 150 examples featuring the remnants of “CHICAGO” in black behind “CUBS”

Understanding the American Beauty backs: T206 American Beauty 350 no frame (Part 3/4)

T206 Jordan American Beauty 350 no frame

There are 37 different poses in the American Beauty 350 no frame checklist.  This subset was released in 1910 and consists entirely of poses from the 350-460 series (also referred to as Print Group 3).  It’s easy to confuse the two American Beauty 350 backs.  There are two important distinctions.  First, AB350nf backs tend to sell for more than a AB350w/f back in similar condition.  The reason: There are only 37 cards with AB350nf backs and 190 AB350w/f backs.  So, in the aggregate, AB350nf is the scarcer back.  However, when you are looking for a specific pose with either an AB350nf or an AB350w/f back, you will likely have a harder time finding the AB350w/f.  This is because, on average, a specific pose from the AB350w/f checklist is scarcer than a specific pose from the AB350nf checklist.  To put it in simpler terms:  The average combined PSA & SGC pop report totals for a given AB350nf card are greater than 10.  For AB350w/f, the average combined total is less than 10.

T206 American Beauty 350 no frame checklist

19 of the 37 cards in this subset were also printed with American Beauty 460 backs.  This can be confusing because sometimes you will see a listing for one of these cards that simply states the back is an American Beauty back, but does not tell you whether it is a 350 or 460 back.  These 19 poses exist with both AB350nf and AB460 backs, but are much scarcer and more valuable with the AB460 back:

  • Burch fielding
  • Conroy with bat
  • Crawford with bat
  • Jennings two hands showing
  • Jordan batting
  • Lake St. Louis, no ball
  • Leifield batting
  • Manning pitching
  • McQuillan with bat
  • Mullin with bat
  • Overall hand at face level
  • Pelty vertical
  • Pfeister throwing
  • Steinfeldt with bat
  • Wagner bat on right shoulder
  • Wilhelm with bat
  • Willetts
  • Willis batting
  • Wiltse pitching

Of course, this means that 18 of the poses in the AB350nf subset do not exist with AB460 back.  For these 18 cards, it is easier to read the SGC and PSA pop reports and get a feel for how many copies have been graded.  SGC and PSA have not always differentiated between the two backs.  This makes it tough to get a handle on the true populations of AB350nf versus AB460 for the group of 19 above.  I went through both the PSA and SGC Pop Reports and attempted to compile the combined Pop Report totals for each of the 37 cards in the AB350nf subset.  This proved to be more difficult than I had imagined.  For all of the 19 poses listed above, there are generic entries which could be either AB350nf or AB460 backs.  We know that they are far more likely to represent a AB350nf back, but we can’t be sure.

T206 American Beauty Simple Pop Reports

The table above shows the results of my research into the SGC and PSA Pop Report Numbers for every card in the American Beauty 350 no frame subset.  Because both PSA and SGC have generic American Beauty listings, it is impossible to know with 100% certainty how many of each pose are in each Pop Report.  However, it is possible to look at all the numbers and make a reliable guesstimate.  The table below shows the work I used to arrive at the estimates above.  As you can see, there are 15 poses in the table below that do not have any ambiguous entries.  For those 15, we have the exact Pop Report numbers.  For the other 22, I have made an educated guess.   For the cards in the AB350nf subset that also exist with an AB460 back, we know that the AB350nf will be far more plentiful.  Somewhere in the neighborhood of a 4:1 ratio.  This is how I arrived at my estimates.  If there are 10 generic American Beauty backs in the PSA Pop Report, I have estimated that 2 of them will be AB460 backs, and 8 of them will be AB350nf backs.

T206 American Beauty 350 pop report comparison

This data shows that the individual cards in this subset are not particularly rare.  Steinfeldt has the lowest Pop, at an estimated 10 copies.  There are plenty of Old Mill, Tolstoi, AB350w/f, and Cycle 350 front/back combos that are more scarce than any card in the AB350nf subset.  But, demand for this back remains high.  A few of these cards have relatively high Pop numbers, but I don’t recall seeing a single copy for sale in the last couple years.  Apparently they are out there, but they don’t change hands often.

Thanks to t206resource.com for the use of their checklists.

How to Use the PSA Pop Report

psa-pop-report-1

I hope this post will be helpful to any and all collectors, but T206 collectors in particular definitely need to know this stuff.  When you are dealing with some of the more scarce T206 backs, it can be very helpful to take a look at the Pop Reports.

The term “Pop Report” is short for “Population Report” and population just means all of the cards that PSA has graded.   It’s a powerful tool which can help you understand the relative scarcity of a given card.

It is important to note that the PSA Pop Report only shows the cards that have been graded by PSA.  It doesn’t show cards graded by SGC, BVG, or any other company and it doesn’t show ungraded cards.  So, for one individual front/back combo, the Pop Report certainly does not tell you the whole story.  But when you look at a lot of different cards and compare the data, you are going to have a very good idea about relative scarcity of your sample.

T206 Cycle 350 Schreck

I think the best to way to show you how to use the report is with an example.  I recently picked up this T206 PSA 3 Ossie Schreck with Cycle 350 back.  Pretty sweet huh?  Now, I want to know how many Schreck Cycle 350s have been graded and what is the highest graded copy.

Continue reading How to Use the PSA Pop Report