Why I Believe Sports Cards Are About to Explode in Culture and Value

When I was a young kid, I made a lot of money selling baseball cards, comic books and toys.

And I mean a lot.

I made thousands of dollars every weekend at baseball card conventions. I had tens of thousands of dollars under my bed.

Recently, I’ve been talking about how sports cards are coming back in culture. I really believe that they’re going to explode in value in the next 3 to 5 years and could make a great alternative investment.

Here’s why:

1. Kids who flipped sneakers will start selling sports cards.

Sports cards and sneakers are similar games.

The main difference with sports cards is that kids would be able to get them in high volume. The inventory is there. With sneakers, kids didn’t have the option to buy high volumes of inventory – when they were “right” about a pair of sneakers, they would have to wait until they came out online, buy one pair and make around $600 on them.

When you’re right about Michael Jordan rookie cards, you can buy thousands of them. That’s what kids are going to do with underpriced sports cards today – it’s why they’ll be able to make a lot more money from it.

Sports cards are like graduation for kids who were flipping sneakers. The investment in sports cards will eventually outpace sneakers in the flip game.

2. Nostalgia: Sports card lovers from the ’80s now have kids.

Nostalgia is a big driver of purchase behavior.

It’s why toys like GI Joe reboot every 30 years or so. People put a lot of sentimental value on what they grew up with.

Men and women from the ’80s who grew up with sports cards now have 6-10-year-old kids, and we all love seeing our kids do what we did.  It just feels good to watch our kids live out what we lived out. It’s fun to see yourself in your kid.

We’ll pay to see that happen, so the reboot is on for sports cards.

3. Sports betting is getting bigger

One fascinating thing about sports cards is that you can get limited edition items. You can get a card that’s completely unique, something no one else in the world has. You can collect signature cards, jersey cards, etc.

There are a couple of ways this ties into the rise of sports betting.

First, people are going to find cards worth tens of thousands of dollars in a $6 pack. It’s similar to lottery tickets. It gives people a shot at finding, say, a $50,000 Zion card in a cheap pack.

Once people start finding these cards people will also start getting their betting fix by buying packs of cards. This is going to bring more money and attention to the space.

Second, betting enhances the experience of the game. You might not care that much about a Houston Rockets game or a Floyd Mayweather fight, but if you bet money on the outcome, you’ll be more invested in watching. Betting on the outcome can enhance the experience of watching a game, which is a big reason why people do it.

Along similar lines, buying sports cards could get people more invested in watching games. It provides another option for escapism, which is another reason people will be drawn to it.

“I’ve got a ton of old cards in my closet from decades ago, what will they be worth?”

I’ve got a ton of sports cards from the early ’90s. Unfortunately, they won’t likely be worth much (unless you’ve got some very specific sets like 1986-87 Fleer Basketball).

For the most part, the collections people have from the ’80s and ’90s are not strong because those cards were over-produced. There was too much supply and not enough demand.

“What are some cards you’re investing in right now?”

There are a few cards right now that I really think will increase in value over the next few years:

Michael Jordan Rookie Sticker Cards

I was buying these at $700 last year, now they’re already selling for $1,500 on eBay. I think it’ll go much higher.

2013 Panini Prizm Giannis Antetokounmpo Rookie Card #290 PSA 10 Graded

Barring any catastrophic injuries, I think Giannis is going to be one of the great players in the NBA in a few years – which means the value of the card is going to go higher.

I was buying them for $250 to $300. Now they’re already selling for $400 to $500 and I think the value will go up.

Hakeem Olajuwon Rookie Cards

I’ve been buying up Hakeem Olajuwon rookie cards because in the long term, I believe Africa will be the next continent to rise up in the world. Hakeem Olajuwon is from Nigeria and he’s got fans all over Africa. So I think I’ll be able to sell these rookie cards to African businessmen and women for thousands of dollars in the future.

This is more of a 30+ year play, but I’m excited to see how it plays out in my 70s.