Hi,
I’ve been comparing the English gold stars and was wondering if anyone had any insight into why the legendary dogs have such a higher PSA 9 and 10 population than the others? For reference, the others have a PSA 10 pop well under 100 but the dogs are over 200, and a similar discrepancy when it comes to 9s. Was just wondering if anyone had insight or thoughts on that because i think the population is why the legendary dogs seem to have some of the cheapest prices.
Thanks!
Someone had an illegal bulk stash and sold the mints for pretty cheap a few years ago
www.elitefourum.com/t/mystery-of-the-entei-suicune-and-raikou-goldstars/13863/1
This is great read which uncovers the mystery. 5000 gold star dogs were pumped (and may still be pumped) on the market. So the prices are lower and the pops are higher.
Yeah it hurts their value. But their prices have still been rising so just shows that there are many, many people out there like you who don’t know the story behind them.
It really depends on how you look at it though. Now more people can enjoying owning them, especially that Suicune. Definitely in my top 3 GS artworks.
Thanks all for the replies. I did not know that, but it definitely explains the discrepancy. Obviously they aren’t as rare now as the others, but i still think the market for gold stars will eventually be big enough to absorb these (which is why they are rising so much anyway).
@ctcards , the supply has already been absorbed pretty thoroughly. The market for the gold star dogs is far from saturated, even compared what it was a year ago. They were easily acquirable for under $100 in NM/M condition less than a year ago, and now they are at least 3x that.
Still, the prices for them will never compare to those of any other gold stars except for maybe the Power Keepers ones. There’s just a lot more mint supply out there than there is for, say, the EX Deoxys/TRR gold stars.
That makes sense. I suppose it’s just a relative analysis of them compared to the “lower tier” gold stars. Given that they’ve basically tripled in the last few months I probably will refrain from buying any of them anyway lol
They haven’t tripled in the last three months; it’s been more like a year. The gold stars haven’t moved in price basically at all for 4-5 months now.
You’re correct - the time span is longer than what I referenced. I was just referring to the prices of the dogs which seem to have gone from 500-800 middle of 2020 to 1200-1400 (at least from the data i can see). But i’m not privy to private sales so that could be inaccurate.
Oh, if you’re referring to PSA 10 prices, sure. There are a lot of low-information buyers in the market who don’t realize the history of the gold star dogs, and so they probably just think that they’re “undervalued.” PSA prices on the dogs have increased dramatically over the past few months while raw prices haven’t moved much at all, which demonstrates this.
Obligatory “this guy is a moron”
?
I’m pretty sure he’s referring to the guy who released the video showing the stash. That guy was definitely a moron lol.
Yes hahaha. @thymeee, you are certainly not a moron.
Interestingly enough, the Gold Star Dogs fiasco might be one of the biggest indicators that NFTs won’t work in the long term.
The pro-NFT argument is basically: “People care about the authenticity of the token (e.g. an image or a gif), that’s why they are paying huge amounts of money for it despite knowing that it can easily be replicated (e.g. screenshot, saved copy on your hard drive). As long as the history of transaction shows that they own the original token, it’s all good.”
In the case of the Gold Star dogs, we have a whole bunch of cards that entered the market by illegal means, so in that scenario they are basically the “screenshot” to the original NFT (those Gold Star dogs that did enter the market by legal means). They are as close as it gets to a perfect copy of the legal Gold Star dogs, yet they lack the authenticity of having entered the market legally. And yet, nobody who’s planning to buy a Gold Star dog is asking the seller whether their card is one of the “authentic cards”. They all are willing to pay for the card regardless of their authenticity, as long as it’s a perfect copy (a Pokemon card out of the factory printer). To me, that’s the biggest indicator that an NFT’s strong point (authenticity via blockchain) is massively overrated at the moment. If people really cared that much about authenticity, we would see sky-high prices for graded Gold Star dogs with an old cert and very low prices for anything else.
“But why are people still paying so much for the Gold Star dogs? Isn’t that proof that NFT’s work after all?” Not really. People are paying so much for the Gold Star dogs because they have to pay money to own them and hold them in their hands. You don’t have to pay anything to take a screenshot of a pixel art.
The “illegal” gold star dogs are still authentic, though. They don’t “lack the authenticity” of the original ones.
@zorloth, then we have to ask why they are authentic. Is it because they are undoubtedly a real Pokemon card and not a proxy? In that case, a screenshot of a pixel art is authentic as well despite not being the original because there is zero difference between screenshot and original. A screenshot wouldn’t be a proxy of the pixel art, it would be a perfect copy, just like the “illegal” Gold Star Dogs are perfect copies of the legal copies. A proxy would be me trying to redraw the pixel art in photoshop as closely as possible. If you are correct, then the heritage of the card can be ruled out as sole factor of authenticity, otherwise the cards that entered the market illegally wouldn’t be authentic.
And if both a screenshot and the original pixel art are authentic, it would contradict the argument that an NFT differentiates itself from copies through authenticity and should therefore be worth more.
The supply of these dogs is still high. The original buyer still has many more in Mint condition. PSA backlog is holding up the grading of these and many are being sold raw instead.
I’m assuming you accept that pkonno’s “extra” trophies are authentic? Because the “illegal” dogs are authentic for the same reason. They were printed in the original facilities and are indistinguishable from the originals. Unless there ends up being a way to reliably differentiate between the illegal and normal dogs, then there’s no real reason to call the illegal ones inauthentic.
I’m just scrolling through hella quickly so apologies if i missed something, but didn’t troll and toad buy out the remaining stuff from the dude years ago?