In 1990, the first serial numbered sports card was released. ![]() These stones also served political purposes when flaunted as examples of a country‘s wealth, bestowed as favors, or even worn as a show of royal. The beauty and rarity of some precious stones made them ideal additions to the fashion and dress of the day. This caused hobby shops to go out of business, and sports card companies to nearly go bankrupt.Ĭard companies had to do something to create scarcity to increase collectibility, so they started adding serial numbers to cards that limited their supply in the marketplace. precious stones served important functions in Elizabethan and early Stuart society. In the late 1980s and early 1990s, the hobby almost died out because card companies produced millions of cards. However, as the hobby grew, collectors got smarter about preserving the condition of their cards, and companies like Ultra Pro released protective sleeves in the mid-nineties. : Multilingual Dictionary Of Precious Gems And Metals : French, English, Italian German, Russan and Chinese eBook : Marango, Catherine Chantal. Fewer cards were produced, and even fewer survived in good condition over the years. Throughout hobby history, we’ve seen vintage cards sell for record prices largely due to natural scarcity instead of artificial scarcity.įamous cards that have sold for millions of dollars like the Honus Wagner T206, Mickey Mantle 1952 Topps, and Babe Ruth 1933 Goudey benefitted from natural scarcity. In industrial processes, metals, including iridium and. PMGs are significant because they represent the earliest implementation of what saved the hobby from the junk wax era and helped create the engine for the modern collecting economy we enjoy today: artificial scarcity. The most popular precious metals in investment circles and jewelry are believed to be gold and silver. ![]() Since then, PMGs from the 1997–98 basketball set have become some of the most iconic and collectible inserts in the hobby. Precious Metals & Gems offers the highest prices in Kansas City for your jewelry, diamonds, luxury watches, collectible coins, precious metals and more since 1979. Precious Metal Gems, “PMGs” for short, was released in 1997 as part of the larger Skybox Metal Universe basketball and football card sets.
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