My Experience
I'm having some random thoughts today on my previous sports card collection. As a kid, I loved collecting cards. As an adult I started again around 2014. At that time I was starting to collect the graded PSA cards and amassing a collection of HOF players. In fact I checked my records and as a reference I purchased a 1933 Babe Ruth Goudey #144 graded PSA 3 for around $1600. I sold most of that collection a few years later as I was starting a business and wanted to use the funds. That card today would be worth around $22k !!!
So to answer my own question, it depends!
Research
Doing research suggests buying and holding key players from each decade has great returns. Buying and holding potential prospects is a big gamble.
Case in point that 1989 Upperdeck Griffey Jr. in a PSA 10 is worth $2000. I was able to buy that card for $250 in 2014.
Tokenizing A Project with NFT's
So these graded cards are in fact NFT's. They just aren't as easy to trade/sell as digital NFT's. I'm thinking about getting back into collecting. What if I tokenized key cards, keep in a vault. They are sold for HBD/Hive/Some new coin. Said card NFT's can be traded, sold, collected and anytime you want to redeem the NFT for the actual card you could do that. In fact we could take in cards from someone wanting to tokenize it, store it and then you can trade or sell the NFT. This could be applied to additional genres of collectibles eventually. Just a thought. I'm not sure if there would be much interest.
Back in the 80’s and 90’s I did.
I remember Christmas I guess back in 88, my pops purchased a sealed case of 88 Donruss. Each one of my siblings and I got a sealed box to dive into each Holiday for years. Fun memory.
Those cards are worth like 3 cents these days. lol. Thanks pops!
I mean there's gotta be some rookie cards in there worth at least 10 times that right? :)
A high-graded Barry Bonds from 1987 is still worth a decent amount amount other players like Ken Griffey Jr. The condition is everything now, raw cards are near worthless but graded puts a value on them and they are way more liquid. Thanks for sharing!
Thanks for sharing! - @azircon
Unless they are old cards it doesn't seem like it anymore. While you can snatch up a rare find here and there 99.9% of cards are worthless and you often lose money in the short term.
agreed, i'm focusing on older graded cards and on-card autos. I don't like to speculate on new players. I'm only after HOFers. Thanks for stopping by.
First question: how do people invest in Drip and why?
You can buy DRIP directly on hive-engine, can be bought from tribaldex or using the LP with beeswap.io. Please see our latest treasury report and link there to the v2 roadmap. https://peakd.com/hive-167922/@hivedrip/hive-drip-coin-investment-update-july-2024
Thank you. I will look into it.
!hueso
!PGM
I think for the most part it is not worth it. You're speculating on new players careers now, and older well rated PSA, and BGS. Graded cards are pretty stinking expensive.
Speculating on new players is not worth it unless you have information others don't and plan to flip. As for buying HOF rookies of top players, they have appreciated a lot over time. Any Mickey Mantle card is a good card to have. Thanks for replying!
I collected baseball cards on and off for a while. I haven't bought any for years but I still have all the ones I ever bought. I always just bought packs though. I never really invested in individual cards.
If I remember correctly, that Ken Griffey Jr. card is from the first year Upper Deck produced baseball cards. I bought a binder with a bunch of Upper Deck cards from that year at a yard sale long ago (probably pretty close to the year they came out). I forget whether that Ken Griffey Jr. card was one of them or not though. I don't think it was but maybe...
That was the iconic card every kid wanted when i was younger. As we know the cards were mass produced but getting one graded a PSA 10 perfect condition it's worth a lot of money now.
I think tokenisation of real world assets as an investment has a future, who wouldn’t want to own a part of a piece of Van Gogh artwork or a Babe Ruth baseball card? It’s just about the trust element of knowing that the asset is sitting in the vault it’s supposed to be.
But on the other hand as a collector I like to see the item in my hands!
Haha you make a good point, I like to have things in my hand too but if you're looking to keep trading up until you get a better card it would be nice to have it more liquid. PSA has a "Vault" where they keep your card and you can trade it but it would be cool to do that with more than just certain PSA cards.
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My mother still has my brothers collection of baseball/hockey cards!
I've got a few that are signed by some older players as when my father was deployed overseas(2008ish) they stopped over for a visit.
on-card autos are popular right now, i'd revisit the collection and look up pricing on Ebay to see what you've got. Cheers
I have been buying, collecting, and flipping Magic: The Gathering as not only a playable game, but as a great source of investment income since 1994. Selling very small parts, even single cards, has gotten me through some otherwise rough times, and some of the cards still in my collection have not only outpaced inflation, but almost every other market as well.
Now that Hasbro has it's greedy hands in the pool, they are reprinting the shit out of a great deal of some of the older valuable cards, thus devaluing the secondary market, and the pace at which they are releasing cards is causing a lot of players/collectors a good deal of financial exhaustion.
I still buy a decent amount of recent printings and flip them on a few secondary markets. Gambling, yes, but it is good for an extra 500-1000 USD a month in my pocket.
!PIMP
wow $500-1000 a month is an awesome side hustle! Congrats on that! I don't know much about magic cards, it think it's important to collect things you are interested in.