• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • About Us
    • Contact Us
    • Get Sports Collectors Daily via EMail
    • Advertise with SC Daily
    • Write for Sports Collectors Daily
    • Write About Your Sports Collection
    • Where Can I Sell My Baseball Cards?
  • Hot on eBay
    • Most Watched Graded Rookies
    • Most Watched PSA 10 Cards
    • Most Watched BGS, BVG Cards
    • Most Watched SGC Cards
    • Most Watched CSG,CGC Cards
    • Most Watched Baseball Cards
      • Most Watched 2023 Baseball Cards
      • Most Watched 2022 Baseball Rookie Cards
      • Bowman Chrome Cards
      • Ronald Acuna Jr. Cards
      • Shohei Ohtani Cards
      • Mike Trout Cards
      • Fernando Tatis Jr. Cards
      • Babe Ruth Cards
      • Hank Aaron Cards
      • Jackie Robinson Cards:
      • Mickey Mantle Cards
      • Willie Mays Cards
      • Vintage Baseball Card Sets
      • T206 Cards
    • Most Watched Basketball
      • Top 100 Most Watched Basketball Rookie Cards
      • 100 Hottest 2022-23 NBA Rookie Cards
      • 100 Hottest 2021-22 NBA Rookie Cards
      • 100 Hottest 2020-21 NBA Rookie Cards
      • 100 Hottest 2019-20 NBA Rookie Cards
        • Zion Williamson Rookie Cards
        • Ja Morant Rookie Cards
      • Michael Jordan Cards
      • Kobe Bryant Cards
      • LeBron James Rookie Cards
      • Nikola Jokic Rookie Cards
      • Giannis Antetokounmpo Cards
      • Luka Doncic Rookie Cards
      • Prizm Basketball Cards
      • Panini National Treasures
    • Most Watched Football Cards
      • Most Watched NFL Rookie Cards
      • 2022 NFL Rookie Cards
        • Brock Purdy Rookie Cards
      • 2021 NFL Rookie Cards
      • 2020 NFL Rookie Cards
        • Joe Burrow Rookie Cards
        • Justin Herbert Rookie Cards
        • Jalen Hurts Rookie Cards
      • Josh Allen Rookie Cards
      • Patrick Mahomes Rookie Cards
      • Tom Brady Cards
    • Most Watched Hockey Cards
      • Top 100 Most Watched Hockey Rookie Cards
      • Most Watched 2021-22 NHL Rookie Cards
      • Most Watched 2020-21 Rookie Cards
      • Most Watched 2019-20 Rookie Cards
      • Connor McDavid Cards
      • Wayne Gretzky Cards
      • Bobby Orr Cards
    • Most Watched Soccer Cards
    • Most Watched UFC Cards
    • Most Watched Golf Cards
    • Most Watched 1 of 1 Cards
    • Most Watched Racing Cards
    • Top Sports Card Dealers on eBay
    • Most Watched Memorabilia
      • Vintage Sports Memorabilia
    • Vintage Sports Tickets, Stubs
    • Most Watched Autographs
  • Ending Soon on Ebay
    • Baseball Cards
    • Basketball Cards
    • Football Cards
    • Hockey Cards
    • Soccer Cards
    • Golf Cards
    • UFC Cards
  • Top - Ad

Sports Collectors Daily

Sports Collectors Daily

Sports collecting news - Sports cards and sports memorabilia industry news.

When you click on links to various merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network. 

  • Sports Memorabilia News
  • Sports Card News
    • Modern Sports Card News
      • New Sports Card Release Calendar
      • Shop Talk
    • Vintage Sports Card News
      • Affordable Vintage Cards, Collectibles
      • Old Baseball Card Sets
      • Old Basketball Card Sets
      • Old Football Card Sets
      • Old Hockey Card Sets
      • Vintage Pack Facts
  • Business/Industry News
    • Sports Memorabilia Business News
    • Sports Memorabilia Industry News
  • Around The Hobby
    • Editor’s Blog
    • David Cycleback’s Identification and Authentication Advice
  • Popular Stories
  • Sell Your Cards
You are here: Home / Editor's Blog / The Rollercoaster Ride of the 1986-87 Fleer Michael Jordan PSA 10

The Rollercoaster Ride of the 1986-87 Fleer Michael Jordan PSA 10

June 16, 2021 By Rich Mueller

The price fluctuations for Michael Jordan rookies, especially the coveted Gem Mint graded versions, have been a wild ride over the last 16 months or so, offering a stark glimpse at what can happen when euphoria takes hold in a certain market.

The “Old” Days

On January 21, 2020, a PSA 10 Jordan rookie card sold for $39,600. It was a strong sale, but generally in line with numerous others that had taken place in the previous four months.  High-grade Jordan rookies had a blue chip in the card market, rising slowly but steadily over the years.

Others came to market over the next several weeks as rumors of the coronavirus spread began to bring concern to North America.  The anticipation and arrival of The Last Dance, chronicling the final year of the Jordan-led Bulls dynasty, sparked interest and auction/sale prices began to climb.  A new high mark was achieved during the height of the documentary’s run when one of them sold for over $51,000 through Robert Edward Auctions.

From that point forward, all bets were off.

The Crazy Days

There were numerous sales in the $70,000-$90,000 range as sports cards began to take off in earnest last summer and new buyers/investors began to enter the market.  In late August, one example passed $100,000 in a Heritage Auctions sale. 

But the action was still just beginning.

Over a two-week stretch in December and January, there were three reported sales of over $200,000. Other cards also exploded, leaving some to believe that the only direction for the hoops holy grail to go was up.  On February 21, 2021, Goldin Auctions reported that two Jordan rookies had sold for $738,000 in the same auction.  Some wondered whether $1 million would become the going rate.

They didn’t have to wonder for long.

The huge spike in prices brought some of the 300-plus PSA 10 Jordan rookies into the market as collectors looked to cash in.  Prices began a slight pull back. Still, there were several reported sales at between $588,000 and $645,000 in late winter.  

Nowadays

As the pandemic’s impact began to fade, prices continued to fall. By the end of March, most had dropped to under $500,000. 

Earlier this month, a PSA 10 Jordan rookie sold for $270,000. 

A PSA 10 was listed as sold for “only” $180,100 Tuesday night.  It looked like the latest drop in a steady and steep price decline for what’s generally considered the world’s most popular basketball card.  However, according to a post-auction notice from PWCC, that sale was declared “invalid” because of an eBay glitch.

PWCC says the 1986 Fleer MJ rookie auction this week, which resulted in a five month low for the card ($180,000) has been declared “invalid.” pic.twitter.com/wBIhGHjeLJ

— Darren Rovell (@darrenrovell) June 18, 2021

If it had gone through, it would have been the first below $200,000 since August 24 of last year.

Sales and asking prices for lower grades have also dipped.  Mint 9 examples that soared into the high five figures while 10s pushed past a half million have settled back, with two of the last three reported sales at under $20,000.  PSA 8s  have dropped to less than half of their highs of early 2021.

Whether Jordan rookie prices will continue to fall or head back upward is anyone’s guess. Hopefully, there’s honesty in at least a strong majority of the reported prices.

Those who paid what they did in and around the height of the mania several months ago are probably not pleased, but to those who’ve been around a while, a correction isn’t surprising, even with new money in the market.  Yet there are still  fewer high end examples available than there are people who want one. and even at the new levels, the card’s value is still way above where it was just a couple of years ago.  

If you had one and held off selling when prices were at their zenith, you have a right to kick yourself, but if you’re a collector who’s in it for the long haul, a little more normalcy isn’t a bad thing either.

  • Facebook
  • Twitter
  • Pinterest
  • Reddit
  • Facebook Messenger

Related Stories:

Notes: Kurt Rappaport Buys Wagner for $3.7 Million; Phil Spector Passes; PSA 10 Jordans; Boost Your eBay Listings Backboard, Hoop from Jordan’s Famous Shot Brings $18,000 Buried Treasure: 1986-87 Fleer Basketball Wax Find Revealed PSA to Give Away 3 Jordan Rookie Cards as Part of NSCC Promo Plans BBCE Discovers 7 “Store Original” 1986-87 Fleer Basketball Boxes Big Money for Fleer Basketball Case Finds at NSCC Michael Jordan Star Company rookie1984 Star Company Michael Jordan Card Hits Six Figure Price The Iconic 1986-87 Fleer Basketball Set Turns 30

About Rich Mueller

Rich is the editor and founder of Sports Collectors Daily. A broadcaster and writer for over 40 years and a collector for even longer than that, he's usually typing something somewhere. Type him back at [email protected].

Filed Under: Editor's Blog, Popular Stories Tagged With: 1986-87 Fleer basketball, 1986-87 Fleer Michael Jordan, michael jordan rookie card

Primary Sidebar

Our articles may contain affiliate links. When you click on links to merchants on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network. 

Shop Sports Cards on Ebay
  • Football
  • Basketball
  • Baseball
  • Hockey

High End Cards and Memorabilia

  • BBCE Authenticated Boxes, Packs opens in a new window
  • Graded pre-War Card eBay Auctions
  • PWCC Premier Auction
  • PWCC Fixed Price Marketplace
  • Graded Rookie Cards on eBay opens in a new window
  • Authenticated Photos on eBay opens in a new window
  • Graded Tickets & Stubs opens in a new window

Bargain Corner

  • Michael Jordan cards $5 and less opens in a new window
  • Kobe Bryant cards $5 and less opens in a new window
  • Mickey Mantle Cards Under $150 opens in a new window
  • Graded T206 Cards Under $150 opens in a new window
  • Pre-War Cards Under $100 opens in a new window
  • Pre-1980 Graded Baseball Cards $10 and Less opens in a new window
  • Pre-1980 Graded Football Cards $10 and Less opens in a new window
  • Vintage Graded Basketball Cards $25 and less opens in a new window
  • Vintage Graded Hockey Cards $10 and Less opens in a new window
  • Complete Sets $20 and Less opens in a new window
  • Baseball Hall of Famers for $5 or Less opens in a new window
  • Football Hall of Famers for $5 or Less opens in a new window
  • Hobby Boxes Under $30 opens in a new window
  • Pre-1986 Rookie Cards Under $1 opens in a new window
  • Buy Boxes Directly from Topps opens in a new window

RSS Auction Report

  • Consignments Wanted – Meet Huggins & Scott at the Philly Show This Weekend
  • Heritage Auctions Icons Photography Auction Ends October 12, 2023
  • Steve Novella Offers PSA Baseball, Football & Non-Sport Cards Auction Ending Sept. 28, 2023

Footer

Categories

  • Around the Hobby
  • Business/Industry News
    • Sports Memorabilia Business News
    • Sports Memorabilia Industry News
  • David Cycleback's Identification and Authentication Advice
  • Editor's Blog
  • Featured Articles
  • Hobby Shop Talk
  • National Sports Collectors Convention
  • Popular Stories
  • Rich Klein's Ramblings
  • Sports Card News
    • Modern Sports Card News
      • New Sports Card Release Calendar
    • Vintage Sports Card News
      • Old Baseball Card Sets
      • Old Basketball Card Sets
      • Old Football Card Sets
      • Old Hockey Card Sets
      • Vintage Pack Facts
  • Sports Memorabilia News
  • Uncategorized

Sponsor Links

  • Sports Card Forumopens in a new window
  • Buying Vintage Sports Cardsopens in a new window
  • Game Used Jerseysopens in a new window
  • Championship Rings For Saleopens in a new window
  • Vintage Basketball Cardsopens in a new window
  • NBA Signed Itemsopens in a new window
  • Autographed Baseballsopens in a new window
  • NASCAR Autographsopens in a new window
  • Vintage Graded Baseball Cardsopens in a new window
  • Player Picturesopens in a new window
  • Vintage Football Cardsopens in a new window
  • Sports Collectors Storeopens in a new window

Pages

Ending on eBay Soon
  • Baseball Card Auctions on eBay Ending Soon
  • Basketball Card Auctions on eBay Ending Soon
  • Football Card Auctions on eBay Ending Soon
  • Hockey Card Auctions Ending Soon on eBay
  • Vintage Sports Memorabilia on eBay Ending Soon
Top 100 on Ebay
  • Top 100 Most Watched Baseball Rookie Cards on eBay
  • Top 100 Most Watched Basketball Rookie Cards for Sale on eBay
  • Top 100 Most Watched Hockey Rookie Card Auctions
  • Top Authenticated Vintage Unopened Sports Card Boxes, Packs on eBay
Most Watched on eBay
  • 100 Most Watched Graded Rookie Cards for Sale on eBay
  • 100 Most Watched Tom Brady Card Auctions on eBay
  • 50 Hottest Hobby Boxes at Auction on eBay
  • 50 Most Watched Golf Trading Cards on eBay
  • 50 Most Watched Wrestling Trading Cards on eBay
  • 75 Most Watched Bowman Chrome Cards
  • Most Popular Bobbleheads on eBay
  • Most Watched 1/1 Cards on eBay
  • Most Watched Basketball Cards on eBay
  • Most Watched Complete Baseball Card Sets at Auction on eBay
  • Most Watched Football Cards on eBay
  • Most Watched Football Rookie Card Auctions
  • Most Watched Goudey Baseball Cards on eBay
  • Most Watched Hockey Cards on eBay
  • Most Watched Racing Cards on eBay
  • Most Watched Soccer Cards for Sale on eBay
  • Most Watched Sports Autographs on eBay
  • Most Watched Sports Jerseys on eBay
  • Most Watched Unopened Sports Card Boxes, Packs on eBay
  • Most Watched Vintage Sports Memorabilia on eBay
  • Hottest Panini National Treasures Cards on eBay
  • Hottest PSA 10 Cards for Sale on eBay
  • What’s Hot on eBay
Sports Memorabilia
  • Sports Card Bargain Bin
  • Sports Memorabilia Auctions Ending Soon on eBay
About Sports Collectors Daily
  • Advertise with SC Daily
  • Contact Us
  • Get Sports Collectors Daily via EMail
  • Privacy Policy
  • Terms and Conditions
Sell Your Cards
  • What’s It Worth
  • Where Can I Sell My Baseball Cards?

Copyright © 2023 SportsCollectorsDaily.com | Web Design by Wickam Groupopens in a new window