THE ART OF COLLECTING SPORTS CARDS: WHAT AFFECTS THEIR VALUE?

Today, more people are into sports cards collecting as an investment due to the potential profits the trade can bring in. You can invest in sports cads in the short term through the flipping method or as a long-term investment. Flipping is when you buy a particular player’s sports cards because you think you have the potential the flip it when they win, say the best rookie card of the year. In contrast, investing in sports cards in the long term is accumulating cards of generational icons to sell them when their value increases.

First and foremost, there are different aspects of sports card collecting, and different variables affect the value of a card. You can collect rookie cards, boxes, inserts, complete sets, autographs, unopened packs, jersey patch cards, and error cards. In sports cards training, knowing the card’s value is of utmost importance to help you determine the most profitable cards. Let’s look at the aspects that define a sports card’s value.

The player

The more popular a player is, the more valuable their card is. For instance, sports cards for modern starts like James LeBron and Michael Jordan and vintage stars like mickey mantle or Jackie Robinson are likely to be more desirable and highly valued than unsuccessful players.

The same idea goes for teams. Popular teams have a certain allure to collectors and have a string following than lesser-known teams. Furthermore, some cards, especially a player’s first card issue, are more valuable because they represent their first league licensed releases hence desirable for collectors.

Modern or vintage

Many sportscards collectors think that vintage cards are a safer investment than modern ones because their prices may not fluctuate daily. Moreover, vintage cards don’t increase as the demand rises hence a safer investment.

In contrast, the value of modern cards goes up and down based on how well the player plays, injuries, and other factors. But the advantage is that there is more opportunity for short-term profits due to the excitement around sports cards collecting based on current players.

Condition

Obviously, a sports card in pristine condition will be worth more than one in poor condition regardless of its popularity or rarity. You can determine the condition of a card by checking its corners, surface, centering, and eyes for any signs of wear and tear. Any signs of fading, creases, dents, marks, or stains diminish the value of the sports card.

Graded or not graded

Sports cards collectors pay more for graded cards than ungraded ones. A grader has professionally evaluated a graded card for its authenticity and condition. PSA is the major grading company, and they put a grade on it from 1-10, with one being poor and 10 being gem mint condition. Ungraded cards are subject to differing opinions among buyers and traders hence differences in value.

The rarity of the card

Some sports cards are more valuable because of their age and scarcity. For instance, short prints, which are the cards printed in less quantity than the other cards in a set, are more valuable than regular cards.

Last word

Sportscard collecting and investing requires a careful strategy for you to profit.

HOW TO PROFIT FROM SPORTS CARDS

For many people collecting sports cards is a hobby. Many sports lovers like having sports cards in their collection to look at them in the future and reminisce about their favorite sportsmen. However, others try to make money out of the hobby. You can profit from collecting sports cards if you know when and what to buy.

Savvy people see sports cards as a potential investment opportunity. It is almost similar to buying stocks. At times the price will go up, and sometimes it will take a dip, so it is pretty unpredictable. If you seek ways to make money from sports cards, here are some.

Purchasing and selling sports cards

One of the easiest ways to profit from sports cards is by buying and selling them. But this method requires some knowledge of the cards and their players. A good tip is to invest in sports cards of young players with potential. The principle behind this is that young players are likely to get a lot of attention in the future, which consequently increases their values. But like many other investments, you can never be too sure that you will make a profit.

Remember that players sometimes play well, and at times they get injured, which can cause their cards’ prices to crash. So be strategic about it and buy cards at lower prices to sell them at a profit in the future. You can test the waters with smaller purchases and see how it goes. If you make profits in most of your initial purchases, you can move things a notch higher and buy more valuable cards.

Buy boxes and sell the cards individually.

Another way to profit from sports cards is to buy them in boxes then sell the cards individually. This is initially expensive, but you never know what you find inside. You may be lucky to pull one gem inside that will repay the entire box and leave you with more cash in your hands. This is also a gambling method because you never know what you will find inside the box.

Buy and grade cards

As you may already know, graded cards are worth more than ungraded ones. With experience and a good eye, you can buy quality ungraded cards, then have them graded to improve their value and sell them at a profit. What you do is find cards with high chances of being graded highly, then send them to a grading service. Many sports cards collectors prefer graded cards because they are certified by a professional grading service. Remember to consider the cost of the grading service, which can be quite expensive.

Sell cards at wholesale.

You can become a card reseller with the right connections with sports card companies. You buy the cards at a reasonable wholesale price and sell them at retail prices. Also, ensure you have enough demand, or you will be left with a stock of cards and no buyers. Also, you need enough capital to invest in the first place.

The takeaway

Use online and offline marketing to promote your cards for sale.