Are Sports Cards a Good Investment?
Sports cards have lined up and filled many shelves in the bedrooms of youngsters who grew up in the 70s and 80s. But the overproduction of these cards sort of downgraded their value.
Whether we are talking about the steroid 90s era where Sosa and McGwire batted out for the home run crown or the time when Iron Man and Cal Ripken Jr. broke consecutive game records, we all considered much more things than just pure talent and broken charts.
Sports cards investments
The golden era has left its trails all over us. Everything that was in the 70s and 80s is all coming back with full strides and so are the sports cards. Many famous entrepreneurs have predicted the comeback of the beloved sports cards and see it as a valuable investment. This was proven right with the Mike Trout Card being sold at a whopping $3.9 million in 2020.
The sports betting industry is growing crazy. The gamble has paid double and even quadruple in certain cases like that of Michael Jordan cards after ‘The last dance’ documentary was aired which featured the career of Michael Jordan.
Which cards should you buy?
Just like any other investment, we look for a promising future in this one as well. We invest in the cards we trust. This is why Rookie cards tend to sell out a lot faster. Many people see young players on the ground performing well. But have they won a championship? What have they brought to the table so far?
Because of all these reasons, vintage player cards sell more. Players who have proven their abilities and are big names in the industry.
Hence, if you are looking forward to investing in sports cards, you should invest in retired athletes.
However, this is a matter subject to high risks and most people don’t find investing in sports cards to be safe. They consider this as something done out of passion and not for securing hard-earned income.