High end baseball cards and sports memorabilia have gotten plenty of mainstream media attention in recent weeks with the T206 Jumbo Wagner auction and the Christie’s sale of rare baseball memorabilia and photos that’s coming next month.
Now, add the Wall Street Journal to the list.
The Journal took note of the continuing rise in prices for top grade Mickey Mantle cards, notably the 1952 Topps and talked with dealers, collectors and investors in a story that was posted to its website Tuesday night.
A PSA 8.5 (NM/MT+) ’52 Mantle will come to auction later this fall and estimates are that it could sell for over $1 million.
There are six unqualified 9s and three 10s in existence and it’s been ten years since a 9 was sold at public auction.
With a limited number of Mantle cards from Topps’ first set grading 8 or better, interest continues to be at an all-time high. Of course, it doesn’t hurt that there’s a great story behind the final series Topps put out that first year.
Selling prices of a PSA 8 ’52 Mantle averaged a little less than $64,000 ten years ago. According to the Journal, the card’s value in that grade has gone up 674% in ten years, making it a far better investment than gold, property in New York City or the S&P Index.