Many people are fanatical about collecting sports cards and trading them away for more. In the 1980s collecting sports cards was quite a thing, but things changed with time. Now, the cards collection is back and better. With sports cards trading, you learn various basics of investing. You learn when to buy, how to project the future, and when to sell. Many cards today are worth money, and there are people making millions from the investments. If you still don’t know why investing in sports cards could be the best thing this year, the following are reasons to convince you.
There is a Scarcity of Cards
In the late 90s, you might realize that printing of sports cards was not limited. Companies printed too many cards due to an increase in demand. However, according to the law of economics, when the supply is too high, the demand falls and this is what happened in the late 90s. As such, the cards from this period are not worth much. The great thing about today’s production is that there are serial numbers that prevent duplication. This has brought about scarcity, which is the main element in investing. You can still get collectable sports cards at a good deal even though most of them are expensive. However, this element has increased the value of these cards considering that overprinting is prohibited.
Autographed Cards are Also Scarce
Autographed cards are promising future appreciation in price considering that they continue to be scarce. If you notice, the best-known players are only likely to autograph a few cards every year. This means such cards will continue to be scarce. Since the demand for autographed cards will continue to increase, one card will be a gem for your investment.
Card Grading has Added Quality and Scarcity
In the late 80s, you could easily get Michael Jordan’s cards from almost anywhere. However, today things are not the same. Card grading is has been introduced to determine the quality of the cards. This makes it easy for you to buy them from platforms like Amazon and other online stores selling these cards. Grading also adds scarcity to the valuable cards, and even though the cards from the 80s were overprinted, grading could also consider them valuable.
It is Now Possible to Sell Cards
Back in time, it was not easy to get the best money value for your cards. Even when the card was worth a specific amount, it was impossible to get the same amount after selling it. The story is different today. Platforms like eBay and Amazon have made the selling of cards easy. You can easily sell your cards on online platforms and auction places, and this has brought a complete transformation of the game. You can invest in sports cards, watch the price appreciate, and withdraw your profits.
These are reasons why sports cards might be the next large investment. Their scarcity, grading, and liquidity have changed the game. Things are different now, and their value is projected to increase in the coming years.