Interview #15: Brigandi Coins & Collectibles – The Creased Corner

Family-run businesses and disruption are not supposed to go hand in hand. Brigandi Coins & Collectibles did not get that memo. The family-run business continues to thrive in a gather world that ’ randomness grow and changed well. Formed in 1959 in a basement in Queens, NY, the commercial enterprise was in the first place a coin trader focused on mail-orders before upgrading to its placement in Midtown, Manhattan. Over time, it has transformed into a collectible business that ’ mho more than just coins, including Americana, entertainment, and vintage cards. Its agility and wide reach of a variety of different collectible segments is a cardinal reason why it is calm successful today .
As I walked into Brigandi on 57th and Park in New York City, both John and Chris Brigandi were busy with customers. I walked around the store and was truly amazed by the wide mix of items. To the leave is a wall wide of different types of coins ; some from this century, some hundreds of years old. To the correct is a bunch of autographed photos, including entertainment and sports icons .
The Coin Wall at BrigandiA Wide Array of Autographs As Chris finishes up, he leads me to the back of the store to begin the interview. His Dad is pricing a wide stove of items, most notably props from the laid of The Sopranos, including a imposter part of steak ( it did make us all hungry ). “ Business has been actually good. It is different. Pre-pandemic we used to get indeed much more traffic in-person. now we get a batch of occupation online that keeps us busy. ”
While the point of this article was Brigandi ’ sulfur recent sports card purchases, Chris did bring me to the vault to show some singular items. One was an autographed piece of paper of Jimi Hendrix, which is rare, considering he passed at 27. The cut can sell for close to $ 10,000. As I give the autograph to Chris, he leads me to another box of recent pickups from Heritage Auctions, where some of the most sought vintage cards in that auction ended up in Brigandi self-control.

Why the stress on vintage ? “ You ’ re seeing a decay in modern and a emanation in vintage. That appears to be driven by overall volatility in the advanced market. And, there is an premise that advanced collectors who came into the avocation recently have begun to get a greater appreciation for vintage. And, why not ? By being less volatile, it ’ s an easier “ storage ” of money. My focus is typically on the vintage GOATs. I focus on Cobb, Ruth, and Wagner. Those are the safe bets and have the most demand. Some of the lesser hall-of-famers, such as Tris Speaker, I am not therefore concenter on. ”
Chris opens the corner and out comes some of the biggest foreground cards in the auction. As a Cobb collector, my eye immediately locks in with the 1907 Wolverine News Ty Cobb Portrait cub in an SGC 1.5 holder. It is considered one of his cub cards, even though it is technically a postcard. Postcards were very cheap several years ago, though have become heavily in demand as collectors realize both the curio and significance of Cobb ’ s cub issue .
“ I bid on a bunch of Cobb cards recently in an auction. They ’ re rare and you never know when it will come up again, so pricing about doesn ’ thymine matter. I do concern though, about his reputation and how tarnished it might be, and limit the overall collectibility. Could they “ delete ” Ty Cobb ? I doubt it, but that has crossed my heed ” .
Moving past the Wolverine Cobb, I notice a D303 Honus Wagner. Brigandi won the wag for $ 72,000. The blend PSA and SGC population is 4. One has not come up for auction in over 10 years. Given Honus ’ legendary bequest and extremely depleted population, it was destined to end up in Brigandi possession. however, the card already has a new home plate .
The Heritage Haul “ We don ’ triiodothyronine hold inventory for that long. The catch I won from Heritage, I am going to keep a few but most are already spoken for. They are going to several serious collectors who used to own a fortune of these cards and want back in – at a materially higher price. They do not care. They want rare, vintage items. If they are paying $ 20,000 for an item now, it ’ randomness because they think it ’ south worth multiples over time. It is a bare as that. For exercise, the D303 Honus Wagner I won has a population under 10. They do not come up for auction. Who is to say that batting order can ’ deoxythymidine monophosphate sell for multiples in the future ? It has in the by. ”
It is the wealth factor that helps the avocation. The budget is there for high-end items. sometimes, it is good a matter of who wants it more and how aggressive some people are volition to be .
“ We see affluent clients come in all the time. They have boastful budgets. And, they ’ re trying to just grab a circuit board for investment. They know the market is red hot for low-population cards and don ’ t mind if the last ‘ comprehensive examination ’ was a fraction of today ’ s price. They see a long ton of top. diachronic price matters less. ”

Pertaining to some of his clients, Chris mentions a few of them are replacing cards they sold years ago. cleverly, they are able to overcome the fact that they primitively sold besides abject, as vintage prices continue to climb year after class .
“ You get a lot of vintage collectors who resent the hobby because they sold out excessively early. They sold, they see prices continue to rise, and they are negative. And, they miss out on the future rise. The minus energy is not good for them and surely not for the hobby. ”
Is there a room auction houses can improve prices for their customers ? Chris believes fixing population reports for ultra-rare cards, where an exaggeration of 3-4 entries could have a fabric impact on prices .
“ The population report typically gives an exaggerated act. Think about people cracking and resubmitting cards, or trying to cross them over to early grading companies. It is not accurate. auction houses could do a better job by taking the time and actually counting the number of copies for a particularly rare card. If a population report says 12, but possibly there are 8 know cards that have come to auction over the survive 20 years, possibly that number could be a more accurate number. Yes, it is harder to do for more common cards, but trimming the population from 12 to 8 could have an exponential affect on a particular wag. ”
Of course, it is unvoiced not to leave the shop without getting views on the grocery store outside of cards. “ Coins are popular, but they don ’ t have the lapp ballyhoo and million-dollar sales as cards do. It is a potent market without the increase trajectory in the card market. There is one grail coin : a 1933 double over eagle, which was actually put out of circulation before release, so only a handful remain. ”
As I am leaving, we discuss how much the collectible marketplace has changed over the last two years. Chris reminds me that while the whole marketplace has changed, the high-end market has been on fire : “ There was a ticket we looked at from Jackie Robinson ’ s first game two years ago ( in 2019 ) for $ 10,000. It ’ s now worth $ 180,000. The high-quality, abject population items are what to target and what to go after. ”

Chris ’ echos the points of many ; in a market where growing wallets are chasing fixed populations, it is in truth hard to not get excited about the future of collectibles .

beginning : https://coinselected.com
Category : Coin collecting

Leave a Reply

Your email address will not be published.