Tony Galovich wrote the following three-page article about “investing” in unopened card packs and boxes for the June 1992 issue of Alan Kaye’s Sports Cards News & Price Guides; it brought about a lot of conversation on Facebook, so I thought I’d share it here too.
You can see that he highlighted some interesting history:
- A 1953 Topps five-cent baseball wax pack sale for $11k in the summer of 1991.
- A 1954 Topps cello pack with Hank Aaron showing that sold for $25k in the fall of 1991.
- A 1934 Goudey wax pack with Jimmie Foxx on the bottom that sold for $20k in 1992.
- All the 1952 Topps baseball wax packs emerging; including a find of around 800 in Seattle in 1991. He said dealers were paying $5k each for them and that someone had just opened a complete box
- The find of an entire case of 1953 Topps five-cent packs (Canadian variation) a few years earlier.
- The sale of a 1951 Bowman one-cent wax pack for $1,500 “recently.”
- The price appreciation of 1961 Topps rack packs going from $600 a few years earlier to $1,500 in 1992.
- A 1967 Topps high-number case selling for >$70,000 and the find of 1961 and 1962 cases.
- The sale of a 1952 Topps high number case eight years earlier for over $200k.
- He shared market prices for the following football products: 1959 Topps vending box-$2,200, 1957 five-cent wax pack-$550, 1964 Philadelphia rack pack-$450, 1984 USFL set case-$30k, 1972 high number wax box-$3,600, 1960 Fleer wax pack-$250, and 1966 Topps wax pack-$325.
- From a basketball side he said that 1957 Topps packs were selling for $1k+ and that he heard of a vending case sale in 1991. He also said 1961 Fleer packs were fetching $500+. Also, 1969 Topps boxes were worth >$5k, with packs being >$500. In 1986, Fleer basketball cases were worth $30k, with the rarer 1987 cases bringing $10k.
- Galovich also talked about how scarce hockey unopened products already were in 1992.
As I wrote in the intro, I shared the article on the Facebook “Vintage Wacks and Packs” group, and it prompted some interesting comments:
- One collector asked if the 1952 case was the Mr. Mint case, but that one was for cards from a case. However, another collector mentioned that he knew who sold that case and who bought it and that it sold for $450k, not $200k. Also, that year, NrMt-Mt ’52 Mantles dropped to $675.
- Another collector mentioned that he’d been collecting since 1970 and had never heard of the ’52 case but had remembered the ’67 case. He also saw first-hand, around 1983, an unopened high series case of 63s.
- The person who sold the 1954 cello pack with Hank Aaron on top commented that a large horde of Topps high-number boxes was found and sold at the KC show in 1980 between 1962 and 1967 by a retired Topps sales guy.
- One of the group admins made a note of “the reference to the 1975 cello with Brett on top and Yount on back, BOTH of which just happened to be faced out (a known trademark for a certain someone who was active during that time), illustrates just how long ago star pack were being fabricated.” I suppose I need to republish my old articles about 1975 Topps pack collation.
Happy collecting!