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What is the concept of perceived value and assess the key points to pricing in this manner?
Wiki User
∙ 14y ago
The value of Baseball cards and memorabilia are two different entities although closely related.
Baseball cards are time-sensitive, condition-sensitive and their worth is effected by the state of the baseball card market at that specific time. A large majority of cards from the 1980's and 1990's that people thought were going to be worth a fortune are really worth pennies now and this is due to the spike in production of baseball cards during those years and the subsequent decline in the value of each individual card due to their mass production. As you look farther back into history, less cards were made so that in itself increases the perceived value of the card because it is harder to find.
The idea of a card being condition-sensitive follows the logic that the older an individual card is, the more of a chance that the card has suffered some sort of damage over the years and that brings down the value of the card. An individual card is worth more if over the years its condition has remained in good standing while other cards similar to it in that year have not held up the same way. One way of increasing your individual card's value is to have kept it in exceptional condition and also to have had an expert grade the card, examining the card based on certain criteria, give it a grade and place it in a case. This grade will stay with the card and so does an appreciated value.
Lastly, the baseball card market ebbs and flows with the day. Cards are worth more some days than others and this can happen for many reasons. Rookie cards of players who have been prospected as potential star players are worth an exceptional amount one day and then could be worth next to nothing if the player does not perform well. The value of the card is based on the market of collectors wanting to buy the card and the collectors invest in a card based on the accomplishments of the player on the card.
Wiki User
∙ 14y ago
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Concepts and nature of international entrepreneurship?
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