I used to sell sports cards to fund other things (including buying personal collection cards and my passion for travel.) But today, I’m into flipping because there’s obviously money to be made. Read on to find out how my journey was officially began.
A Little Background
I’ve returned to the hobby in late 2017 – a big shoutout to my relative who’s big into collecting Dirk Nowitzki. Since Shaq was my childhood hero, I started my return to the hobby with collecting Shaq – 50-ish cents to a few dollars Shaq, that is. I then buy Joel Embiid‘s cards – also in that price range – because I fascinated by the way he started his career after 2-year of injuries. I began to spend on Jonathan Isaac‘s cards, because I like his hustle and he’s playing for Orlando Magic (my fav NBA team.) I also started to collect another childhood hero from a different sport, Gabriel Batistuta (soccer.)
So, fast forward to the first year in the hobby, I realized that the hobby is very different from when I was collecting cards in the 90s (I was in Jr. High at that time.) In 2018, I finally learn than collecting cards today in the way that I did in the junk era isn’t ideal anymore.
Sure, I love the card collecting as a hobby, but I started to ask myself the basic question, “how much is my collection worth right now?” The answer is, not much.
Sports Card Collecting or Investing? Why Not Both?
As an online entrepreneur, I see things from both tangible and intangible values. I’m an investor at heart, so I eventually discovered that sports cards can be good investments – if you buy the right cards. That said, I started to think, “if my collection is worthless in dollar value, then what’s good with collecting? Wouldn’t be nice to have a collection that’s increasing in value over time?”
To cut long story short, here I am today, holding tens of thousands in cards, looking for ways to both collect as a sports card collector and invest as a sports card investor.
Now, I usually buy what I like as an investor and sell the cards when I need to do so (e.g. building up travel funds, kids’ school fees, etc.) But I always wanted to do flipping, so I think today’s crazy cards market situation is the right time to start because:
New “investors” are buying cards, so the card prices are rising – almost crazily illogical (e.g., how on earth ONE good NBA game can push the prices of a player through the roof? i.e., Sekou Doumbouya & Bol Bol have great potential, but still…)
With all the dollar printing out of thin air and market rigging, investors need better investment products. Stocks aren’t for investing (unless if you like gambling more than investing,) cryptocurrencies are too volatile, and physical precious metal investments aren’t really investments (they’re more like a hedge against a bad economy.) Sports cards become relevant because the market isn’t rigged (too much) at this point in time.
I Officially Started my Sports Card Flipping Journey
I started my flipping journey by selling a part of my card investments – that’s early July 2020. I use COMC because it’ more convenient for me to do so (in my situation, eBay is nice, but not for flipping due to my non-USA location.)
I sold a Luka Doncic 2018 Silver Prizm PSA 10, a Zion Prizm Base PSA 10, a couple of Giannis non-Prizm PSA 10 RCs, and a handful of Embiid and Jonathan Isaac Rookie Prizm base & silver BGS 9.5s and PSA 10s. The ROI was 300+%.
The sales results are beyond my expectation (“thanks” to the lockdown & new sports card ‘investors’ that pushes the market prices up.) I’ve managed to build up some funds, pull half of those for my personal uses (e.g. mostly for buying personal collection cards! Embiid 1/1’s, Shaq autos, Batistuta 90’s cards, and new autos, etc.) and left about $5,500 for flipping/investing ‘seed’ funds.
So, my journey began with buying these from either eBay or COMC marketplace:
For long-term investments:
- 1992-93 Fleer Ultra Shaquille O’Neal RC PSA 10 x4
- 1992-93 Upper Deck Shaquille O’Neal Draft Pick #1 RC PSA 9 x2
- 1992-93 Hoops Shaquille O’Neal RC PSA 10
- 1992-93 Topps Stadium Club Shaquille’O’Neal RC PSA 10
- 1992-93 Skybox Draft Pick Shaquille O’Neal Rookie #DP1 PSA MINT 9
- 2019-20 Panini Prizm Red White & Blue Luka Doncic PSA 10 (2nd year)
- 2018-19 Panini Revolution Luka Doncic RC PSA 10 x2
- 2018-19 Panini Prizm Emergent Luka Doncic RC PSA 10
- 2018-19 Panini Chronicles Luka Doncic RC PSA 10
- 2018-19 Panini Status Green – Rookies 1 Luka Doncic RC PSA 10
- 2018-19 Hoops Tribute Zion Williamson RC PSA 10 x3
For a total of $3,500-ish. More to come, obviously.
How do those pan out? I really don’t know. What I know is that I’ll time the sales of the non-Shaq cards according to how their respective teams perform in the Orlando season restart bubble. Regarding the Shaq cards, I’m thinking of holding those long term, but let’s see how it goes.
I’ll update the blog with any updates on the sales.
Until next time, happy collecting & investing!