An Unsettled Set Strategy

I fancy myself as a frugal guy. Maybe not frugal, not anymore. I used to be pretty tight with money, which was fine when I was on my own, a bit more problematic once I got married. Over time I’ve become somewhat more profligate, maybe not profligate, but I no longer spend money as if I was still a kid without a job or had an entire career behind me. Still, I don’t love the act of spending, so I still try to maximize my dollars. If I’m going to spend dough, then I want it to be as little as possible within the confines of market rates.

When I started working on various sets, I had two general situations – 1) I had more than enough of the set that it was way less costly to finish off the checklist and 2) that, for other sets, it would be cheaper to buy the whole set and sell off what I already had from said set. I was more than aware of that, but there’s little fun in buying the whole all at once. Building a set over time is more enjoyable. And yet…

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I had about 30 1964 Topps coins and a solid amount of those were high end guys in EX condition. I figured with Koufax, Clemente, one of the Mantle All-Stars and plenty of other Hall of Famers, I’d be able to finish off the rest for less than the cost of a complete set. I was wrong, and I was wrong in a couple of ways.

The first way I was wrong was that, regardless of book value, there’s a definite floor on prices for commons. Could I get them for less than $1.75-2? Not really. Oddly, I can’t seem to sell my doubles for more than $2, about $1.50 after fees. It’s not a great spread.

The second way I was wrong was in gauging opportunity. I didn’t expect to go back to a card show, which I did, wrote about, and that led to 48 coins in one shot. I didn’t expect a friend to have another 35 he was willing to sell at a fair price.

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That’s it. I’m done. I have the entire set, not counting the Wayne Causey and Chuck Hinton wrong back All-Stars (they say “N.L” when they should say “A.L.”). I’ll likely pick them up over time, though there’s a difference between a complete set and a complete master set with all errors. (I do have both Mantle All-Stars. Less a mistake than a conscious and clever effort by Topps, there are AS coins of The Mick batting right-handed and left-handed).

Even with the 30+ head start, I ended up paying more to finish the set than had I bought it outright. How much more? Maybe $25 bucks, maybe $45 bucks with the error coins. Was that worth it? I’m not sure. I had expected that it would take me a good year or so to cobble together all the coins I needed. Had that been the case it would have been worth the extra money to work slowly and enjoy the gradual build.

But was it worth it for what ended up being about 3 months’ worth of collecting? I’m still not sure. I get an inordinate amount of joy looking at them, but maybe that would have been the case had they all arrived at once.

What I do know is that this is probably the only instance of doubt I’ve had on my process. I’ve been able to make enough good deals (and offset a percentage of costs with eBay sales) on the other sets I’ve worked on that it’s been better to piece them together. At least I’ve managed to stretch those sets out longer in a way that doesn’t give me pause.

And, So, I Return

I railed against card shows in a February post, extolling the virtues of eBay and espousing the problems of shows. No matter – last weekend was the East Coast National in White Plains. My friend Greg and I have been trying to coordinate going to a show together and, finally, our schedules lined up.

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Though I always used to go to shows on Sunday – seemed like dealers were more likely to haggle rather than schlep all of their inventory home – Saturday was the only day that worked for both of us. Replacing my last day strategy took some thinking, but I hit on something of a plan. I’d knock off as many commons from my want lists, mostly 1960 Topps, because I’m down to so few commons that going the eBay route is less worthwhile. If I could cross off enough of my checklists, I’d be happy. It’s much easier to find bargains on stars online. That’s been my experience.

Good approach, but that initial strategy of loading on commons was immediately derailed when I saw the Clean Sweep Auctions table. I used to order a lot from Steve Verkman. What I thought were random 1960’s turned out to be stars at 40% off. The discount brought them to book prices or slightly less. I’ve been having a hard time getting cards like Yogi Berra in EX or better for book or less. I ended up with 5 cards – Master and Mentor (Mays and Rigney), Berra, Snider, Brooks Robinson and the Pirates team card (with unmarked checklist) – one-third of my budget spent and a whole room to hit. So be it for the best plans. Mine gang aft agley.

 

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I assumed I’d hit the familiar tables with binders and binders of commons and, with a turn of a corner, I did. A dealer named Jeffrey Schenker had a nice group of EX or better cards, even giving me a good deal on some high numbers. I got 17 cards, a solid dent into the list, and I was back on track.

By this time I had gotten into the habit of telling people I was Mayor of Cooperstown. I didn’t think it would get me any better deals (and it didn’t) but this was the perfect audience to tell. Most had been to Cooperstown, and pretty recently, and it was nice to spread the word of the village to a group eager to listen.

As I walked past tables, I was surprised by how few dealers had varied offerings. It was Topps and Bowman, one after the other (outside the tables I couldn’t care less about – new cards, autographs, game used stuff, and so on). I was convinced I’d be able to get some 1971 Kellogg’s 3-Ds and 1964 Topps coins, but I was getting a bad feeling about it.

Then I found Stan’s Vintage Sports Cards and a small stack of Kellogg’s. I asked to see them and he pulled out one, two, three, four, five stacks! I hadn’t even noticed them all, so happy to see the one. I got three cards – Agee, Menke and Horton – but I only needed 8. I figured while I was there I’d ask if he had 1964 Coins. He did and what passes for hard work began.

 

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We laid some price ground rules early. I told him I wouldn’t pay much more than $2 per common. I went page by page, hunched over, a little sweaty, but it was worth it. I ended up with 37 coins at exactly the price I was looking for. A couple of tables over there was another guy with coins and I picked up 11 more. Big success.

 

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I’m so out of card show shape that I was exhausted, physically and (almost) financially. Greg and I met up again and, while we were chatting, I glanced over to a table with some 1960’s. I figured I’d give it one last go and picked up two more – Herb Score and the Tigers team.

Interestingly, this guy had a Jim Kaat rookie for $8. Way too cheap but seemingly nice, I took it out of the top holder and a PSA grading strip fell out. It said the card was “altered.” Now the dealer wasn’t trying to hide anything – he’d left that info in – but I couldn’t quite figure out what was wrong with it. It measured up in size to the other cards and had no discernible problems. He thought I should get it, of course, and I wondered if I should. “No one will know it’s altered, if it’s just going in a binder,” he said. Yeah, but I’d know and, while I might never figure out what was tampered with, I’d be nagged by the fact that somehow I had a bad card.

That was it. I’d spent most of my budget, was tired but happy, and my entire recent attitude on shows had changed. There are still pleasant dealers, engaged collectors who are happy to chat (I got into a long talk about Goudey Wide Pens) and certain purchases that can only be best made at shows.

I’m back!

C’mon Get Happy!

Why 1971? Yes, ABC’s Friday night lineup was ( in order, starting at 8 PM EST), The Brady Bunch, The Partridge Family, Room 22, The Odd Couple and Love, American Style, but I don’t think that’s it (though, as sung in Dayenu, “It would have been enough.”)

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My reentry into serious collecting started a year and a half ago, when I realized I needed 57 cards to finish what would end up a VG-EX (mostly) 1971 Topps set. As I thought about what other sets I had enough cards to build around, I was pleasantly surprised to find I had 19 of 75 1971 Kellogg’s 3-D cards. Then, last month, out of the blue, I started thinking about the 1971 Topps coins. You can read my sad story about them here, but as with the others, I had a lot of the set (2/3 in fact) and figured it was worth pursuing.

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One of my most favorite things is a complete set of 1971 Dell stamp books. I’ve got them all AND the divisional folders to store them in. I found out about them when I bought the Today’s All Stars book. As with the ’71 Topps coins, 8-year-old me made a dumb decision. I had all the player stamps in their team books, so I figured I could take the All-Stars book apart, removing the perforated player stamps. For what reason? Who the hell knows? They came out of the book and went into a box, where they stayed. It would have been easier to put the intact book in a manila folder with all the rest. Lurking in the back of mind has always been the wish to buy the book and I did, last week. Now I can sell all the individual stamps as a complete set and remove that blight from my memory.

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But, again, why 1971? Why buy the Dell book now, on the heels of completing the Topps set and midstream on completing the Topps Coins and Kellogg’s 3-D sets? Is it as simple as the math, that I had more than enough of each set to go the distance? I don’t think so.

I’m not one for personal nostalgia, for my own golden era or innocent youth, but 1971 is a pivotal year in my life. We moved from Brooklyn in December, from a middle class Canarsie neighborhood where I could walk to P.S. 114 and stop at a candy store called Paulino’s (not sure of the spelling) on Glenwood Ave., a wondrous place of cases full of candy and boxes of 1971 Topps cards, regular and Super. From there, I was transplanted to the middle of Suffolk County, where I had less freedom and was thrust back in time. Believe me, my long curly hair and David Crosbyesque fringe jacket didn’t play well with the Wenonah Elementary School crowd in January of 1972, kids who still had buzz cuts and never had seen a Jew. Not that it was all bad, by any means. I had my own room for the first time, which was liberating, and, within short order, I fell into a nice Long Island groove.

So why 1971? Somewhere in the creases of my brain, there’s a little Jeff Katz who longs for that year, before real life hit the fan. It could be that. Or maybe 54-year-old me simply thinks this is awesome.

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After all, I am a man of simple and consistent taste.

The Other Side of the Coins

We moved from Brooklyn to Long Island in December of 1971. I was nine-years-old and finally had my own room. It was a life changing event.

Sports were my thing then, my only thing really, and I hung up my Sports Illustrated posters of Willie Mays, Hank Aaron, Ken Harrelson, Carl Yastrzemski and two Joe Namaths. I had some 8 X 10’s to add to the gallery – a Willis Reed promotional picture from Voit, another of Reed and Walt Frazier from a game I had that they endorsed and a Pete Maravich Keds’ promo. (God I wish I still had those!)

There was a nice big, empty pace on the wall to the right of my dresser, a void I could see from my bed, itching to be filled. I had an idea. I found a large wooden board in the garage, painted it white and reached for my 1971 Topps coins. I love those coins; they’re beautiful, bright, alive, better, I think, than the funereal black shrouded base set of that year.

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I had 100 coins or so, in nice condition, as you can see. I wasn’t serious about collecting yet and I wasn’t even 10, so this seemed like a good project. I glued them to the board and nailed the board into the wall. It was cool to look at.

A few years later, I was a serious collector, going to card shows and caring about my cards. I freaked out at what I’d done to my precious metal coins and pried them off.

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I tried frantically to scratch the glue off and submitted myself to hours of ancient torture, scraping wood slivers, which would get under my nails and cause me to bleed and cry in pain. I deserved it for what I did to these beauties.

I’ve been thinking of getting the last third of the set but they’re a bit pricier than I thought they’d be. Still, finding 44 in VG condition should, in time, be doable. Maybe there’s another masochist out there in the collecting world who has extra coins with excellent heads and ruined tails. I’m not so condition sensitive, as Rich Reese can attest.

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Confessions of a Baseball Card Thief

I have a confession to make. My first addiction was to baseball cards. Like all good miscreants, I’ve found someone else to blame: my brothers, Tim and Steve.

The year was 1964, and I was an impressionable lad of six. My brothers brought home colorful wax packages containing treasure: cardboard gods swinging their weapons of destruction bathed in Technicolor glory. Each pack came with a special collector’s coin of a player. The whiff of gum ran up my tiny nostrils, grabbed hold of my brain, and I was officially hooked.

armour-part05-1964-floodcurtOnce the hook had been inserted, I became a demon obsessed. I wanted to collect every damn card, but there was a problem. Topps released the cards in series from March through September, and many retailers would see baseball cards moving sluggishly through the end of summer and start of school, so they wouldn’t place further orders. Which left crazed fools like me in the lurch, with incomplete sets.

Crazed doesn’t begin to describe my mania. Raised as a good Roman Catholic boy, all the religious teaching went out the window when my allowance money dried up and a new series of cards had hit the stores. Theft was the answer. While my mother was out of the house, I’d rifle through her purse collection, scooping up what change had been left behind. Whilst visiting my pal Kevin Farley’s house, I stole a pile of cards while he went to get me a popsicle. I was a terrible person, but this is why God created confession, right?

My Dad was (and still is) a great guy. He kept a Mercury head silver dollar from the year he was born, 1924, on his dresser. One day I was on the prowl for card money, and I’d sucked up all the loose change I could filch around the house. A new series was out, and I was behind the other neighborhood kids in collecting. The 1924 coin slid into my pants pocket and a bee-line was made for Ray’s Toy Village in nearby West Portal.

I stormed into the toy store, grabbed a fistful of cards and slammed them onto the counter with the coin from 1924. The nice lady behind the register pawed the relic and examined it closely. “Oh, my! Are you sure you want to use this wonderful old coin to make this purchase?” Now I was getting irritated. She was standing between an addict and his drug. I nodded quickly and she shook her head in bewilderment as I snatched the bag like Smeagol clutching the almighty ring to his breast. All that was missing was a sinister cackle.

There was a kid on the block who was wise to other kids stealing cards from him, so he took a pen and colored the left corner of the card. He’d found a place to purchase cards from the 1969 sets 6th and 7th series, of which I had precious few. A mission was launched to his house under the pretense of a playdate, and the cards were stolen. I cut the left hand corner of the cards to issue my own statement of ownership, wiping out his previous brand. He accused me of theft and I was no longer welcome in his house, but that was secondary. I had the cards!

As I grew into adulthood, I realized some of the cards in my vast collection were obtained by ill-gotten means. It was time to right some wrongs. I ran into my pal Kevin Farley at our 20th grammar school reunion, admitted I’d stolen the cards 25 years previous, and made arrangements to return them to him. This was in 1992, and the cards were vintage baseball and football cards from the mid 1950s and early 60s. He was shocked and thrilled at getting the cards back after all this time, which represented probably $100-$200 dollars in value.

My children had an interest in coin collecting, and we began putting numismatic books together. We turned a page, and there it was: a Mercury head dollar. Guilt poured into my head and I seized a teachable moment. It was nearly Thanksgiving, and we were going to visit my Dad for the holidays. I took my kids to a coin shop, told them the story of how I stole that dollar from my Dad, and purchased a 1924 Mercury head coin for him. I presented it to my father on Thanksgiving, told him the terrible story and how sorry I was for being a rotten kid. He smiled and laughed, “I always wondered what happened to that coin!”.

Flash forward to today, and I’ve purged most of the cards in our collection, save for the Mantle, Mays, Aaron and other star cards. The bulk of the collection went to a good home: the Baseball Reliquary, and are used in a variety of exhibit displays. None of my three children took much interest in baseball cards, but my mania remains, abetted by technology. I found a sub-culture of baseball card geeks on YouTube and began trading for cards from the 50s and 60s with other guys. Once you get established in the group, people send you “just because” packages of cards they think you’ll appreciate. The levels of generosity are astonishing.

s-l225I have to thank my mother, for she never threw out the cards of my youth. She knew how incredibly important they were to my brothers and I. Oldest brother Steve gets an assist, because while I was away at college, he took possession of the cards and moved them to his home, possibly sparing them from a terrible death.

So here I sit, a reformed baseball card thief. My latest mania is to collect all 165 coins from that 1964 set, allowing me to recapture that moment when I first I held a red all-star coin featuring Ken Boyer of the St. Louis Cardinals, swinging a bat. Thanks to eBay, I rounded up all but 20 of them, but ran out of money. Now, where is my wife’s purse?