5 HUGE Mistakes I Made Starting Out in Sports Card Investing (2020)
Vložit
- čas přidán 22. 06. 2024
- **Track Card Prices & Your Collection with Market Movers: www.marketmoversapp.com
**Learn More about Sports Card Investing: www.sportscardinvestor.com
New sports card investors, beware! Don't do these things which will kill your profit when buying and selling sports cards! .
.
Track card prices & your collection with Market Movers►: bit.ly/marketmoversapp
Discounted PSA/BGS/SGC Card Grading ►: bit.ly/gradingservice
Download our Apps!
SCI App (Apple)►: apple.co/3riGbb5
SCI App (Google)►: bit.ly/SCIAPPGooglePlay
Hits App (Apple)►: apple.co/3Hnacfk
Hits App (Google)►: bit.ly/HitsAppGoogle
More SCI Products/Services:
Display your card collection►: bit.ly/standupdisplays
Protect Your Slabs►: bit.ly/slabstrong
Sports Card Art►: bit.ly/scipaitings
SCI Swag►: bit.ly/swagsci
Follow Us:
SCI Instagram►: bit.ly/SCIIG
SCI Twitter►: bit.ly/scitweets
SCI Facebook►: bit.ly/FBSCIPage
Geoff’s IG►: bit.ly/itsgeoffwilson
Geoff’s CZcams►: bit.ly/ytgeoff
Card Kids CZcams►: bit.ly/cardkidsyt
Market Movers CZcams►: bit.ly/marketmoversyt - Sport
**Track Card Prices & Your Collection with Market Movers: www.marketmoversapp.com
**Learn More about Sports Card Investing: www.sportscardinvestor.com
One mistake I made was buying wax boxes trying to find the huge hit. In many cases it would have been better to just buy the card I wanted vs. Spending alot of money trying to pull one.
Yes, for sure. Open boxes for fun only, never for investment.
Join the club. . . I did. . .
Yeah, when I got back in after a couple decades, I did the same thing. Now I buy the occasional retail to scratch the itch of opening a pack then being surprised by a hit.
I feel you on trying to pull a gem from a box. My FIL recently passed and left a massive collection of cards. There was some old factory sealed boxes from the late 80's and early 90's (junk era, I know), and I thought, "Man, it'll be a synch to pull a gem rookie from these boxes and sell those". Man was I wrong. Centering issues, weird surface dents, squished corners, and cards sticking together made 95% of what I pulled straight garbage.
I got the rush on wax cracking too. Now I’ll only buy wax to keep and resell later when the wax appreciates. Other than that, I may chop up a case with 6 friends and play poker to determine teams that get picked. Makes for a fun night of poker with friends and ends with a bang when we crack packs together.
Don't collect sports cards for investment. Collect for the love of it. You'll never lose money!!💯👍😁
Well said! I'm a player collector and collect only what I like. I NEVER BUY PACKS. I'd rather spend $500 on a card that I want on ebay versus getting lucky pulling the same card out of a pack for a fraction of the price. 98% of the time you're just gonna get smoked. I've bought cards in the past that I wanted desperately at the time that have come way down in price over the years. So what! Don't care! I got something I wanted and checked something off my want list. Mission accomplished.
This I have yet to realize.
dont buy stocks for investment. only buy if you love the product. see how that doesnt work? you can certainly do both at the same time. i buy and flip cards i dont like to get the ones i do.
Plus its fun
Exactly flipping is one thing. This guy is just itching to fuck people in the future. We've been here before.
Ebay and auctions is what determines card values, not becket.
Is one of your top 5 mistakes that you bought a bunch of Lonzo Ball cards?
Lol yup
😂
Same here. I’m stuck with a bunch of Lonzo, too. But, he is now lifting weights and getting buff. Let’s go!! Lol
Lonzo isn’t that bad you just need to wait for him to be on the same team as his brothers
He was talking about the centering on them
He spent more time looking at that card than PSA would.
PSA: "This card is only getting a 10 if they slide $100 under the table."
biggest scam grading co. in the hobby... stay far away from PSA. look fwd to day when they are exposed.
That million card backup over at PSA isn't going to solve itself otherwise :)
lol
Wow why would you have been “investing” in cards and didn’t know simple stuff?
9s for psa still add a ton of value compared to raw.
That depends very much on the card we're talking about. It also depends on how nice the raw card you're comparing it to looks. If the raw card has an obvious flaw of some sort that pretty much guarantees a non-10 grade, you are correct. However, if you have a really sharp card that has a high likelihood of grading out a 10, give me the raw card, all day long.
For most cards, the difference in value between an 8 and 9 is significantly smaller than the difference between 9 and 10.
9's certainly sell pretty well in the mlb/ebay world!
I agree
@@sawmill035 as long as its a hot card.
I'm sending in all my old cards really. Even if they aren't the best. I'm only not submitting obvious rolled corners or major surface and centering issues. Why? Because to me, preserving them in a psa/bgs cases is still worth it to me. So what if I get a psa 8 or 9, and only the occasional 10. It's better than leaving them in the plastic pages for another 20 years. Why not clean em up and grade them so they are preserved at the very least?
For as much as we are spending PSA should give a reason for the deductions, It sucks that they can put a score on anything and we have no idea how they scored it or why is scored that!
A lot of people don't know you can set a limit if you wish! its unfortunate because you still pay, but you won't have a sealed up 7 lol.
Great video Geoff! Shows transparency and honesty behind what your doing. Keep up the good work.
I bought a high power magnifying glass with a light and stand...40.00 on Amazon...OMG what a difference...you can see EVERYTHING...
Andy D can you share a link?
A Jewelers loup?
Link?
Link??
Link
Your Gator shelf is amazing ! I'm glad I randomly found this channel... I'll be marathon-watching this as I have the next 5 days off... Go Gators !
Excellent advice Geoff! Learning from mistakes (yours & others) can certainly become Valuable Info. It's great that U share this.TYVM!
Grading is subjective. I only collect T206"s and been at it for 18 years. I have cards come back from PSA Graded "A" deemed to be trimmed and sent the same card to SGC and it came back as a 5 (EX). GO figure!!!!!!!!!! Save your money and just collect for the love of collecting. HAPPY TRAILS y'all.
I'm new to card collecting. Thank you for your time, and advice! 😊✌
Just buy cards via auction u will pay the market value and relist em 30% higher and just wait.
What drive me nuts is the fact theses card company been making cards for along time but still there cards aint center.
Yeah, isn't it crazy? Why can't they get that right?
as bad as ever... even for $100+ boxes.
@@markinnes4264 That's what I dont get about panini the have theses National Treasure cards but there not center or in perfect condition but they cost like what over 1000 of dollars a box.
Can't all be be perfect then none would be valuable then I guarantee that do it on purpose to eliminate the all gem mint 10 got to have some bad with the good
@@kingpencowboy7977 Truth but if your going to drop that kind of money it should be.
Made similar mistakes- one that stands out was buying raw cards on eBay - so many of them came back trimmed - huge lesson - now for the most part - only buy graded - and 99% of the time, it has to be psa 10
Most time if they’re being sold raw, it’s because the person who’s selling it already knows it won’t grade gem mint. They can BS all they want in their descriptions, but the card has some type of flaw that you’ll miss until you send it in to be graded and it returns back not what you expected.
Learned lots of these the hard way as well but as long as you grow from it it’s not a loss, just market tuition. Everybody’s gotta go through sports cards school and tuition is never free!
great video again! thanks for the tips about grading, I feel like you just saved me hundreds of dollars. keep up the awesome content!
Jeff Amazing video!! Ive made all of these mistakes. Except mistake #1. I've collect thousands of cards but I've yet to send any off to be graded. I will be ordering the magnifying tool to help me to determine what to send in. Thank u!
your channel is about to blow up!! love the content
Great video !! Thanks for sharing your mistakes !
My biggest issue is trying to collect too many players and overall just trying to do too much!
Thanks for the video very informative keep up the good work
Great content as usual, thanks.
Great video man.im gunna check out your website today for sure.its sunday so it's all sports and ebay for me today.
Great video! Very helpful advice from someone who is new to collecting American sports cards. 👍
Great vid!
PSA 9 on the patch cards is very good. They tend to grade the thicker cards tougher. More room for error on thicker stock. Plus if the patch is multi-colored that can push the price up.
Jason Bellitto your almost always going always going to get a 9 with those.. almost near impossible for a 10
This is great info! I’m just getting started and I’m definitely picking up a lighted magnifying glass.
My biggest mistake was spending pretty heavily on group breaks. I got sucked into all the CZcams excitement and blew through a ton of money without getting any hits or pretty terrible hits.
Yes, that's gambling with a rigged deck.
Jay Steel been good. Almost cancer free for a year now. Thanks for checking!
i hesitated many times to join breaks, but it sounds so risky. I have bought boxes and cases which I prefer and could be risky at times, but you get something out of it majority of the time.
Thats what i do now i just dropped 700$ smh... Whats the best alternative
And got nothingggggf
Another money saving video. I have been binge watching your videos this weekend. I have certainly made all these mistakes as recently as today. The membership and data tool are amazing! Thank you.
#4 and #2 are big. Chasing prospects can pay off big at times but sticking to known stars and following the value is key!
I just got my first big investment for my birthday. Got a 20 card lot of lukas for 75 dollars total. 7 rookies, 2 numbered cards, 3 prizms, 5 parallels, 2 base and 1 insert. I got about $200 worth from that awesome steal of a lot. Hopefully luka can win mvp soon.
Love the videos ! Keep it up.
Thanks for the video. I collect for fun, but if I get a great card. It is always nice to know what to look for.
Thank you, you've taught me tons
Just subbed very helpful!
I hear psa does a lot based on how it looks not necessarily deep looking into it
Also, determine your focus. I catch myself on this too. Chasing after the next great thing. I got back into the hobby with the intention of collecting Milwaukee Braves only. And did so for a long time, but I got off track. Now I find myself chasing the cards I loved as a kid. From the junk era. Wish I woulda went after PSA 10s of Griffey, Thomas, Ripken, Canseco, Ryan, Mattingly etc. Recently all those cards have shot up, and I’ve picked up some, but Griffey Donruss PSA 10 rookies were going for 25-35 all day 5 years ago. Now they’re pushing $500. I didn’t buy them because I took it for granted, and they weren’t “high dollar” enough for me. Now it’s out of my price range and I’m chasing the other cards. I should write an article all about it. LOLZ
Excellent tips. Thanks
Thanks for the info.
Great video Geoff...I really enjoy your channel...I'm curious to know your opinion on Ben Simmons when it comes to an investment...do you think he's worth it?
If you going to open slot of boxes or packs make sure you have somewhere to put all the cards the base and inserts add up fast
What I don’t get is why is the PSA 10 worth so much more than the BGS 9.5? To me, the BGS 9.5 is harder to come by and BGS has a better/more durable case & the gold label looks better in my opinion. Also, BGS has way better turn around.
Bgs turnover is trash lol. Next....
Great video as always! Checking the price history is so important. This helps investors find higher value cards instead of going for the main Prizm cards. Also the magnifying glass tool looks really helpful. I've been buying Joel Embiid rookie cards but after watching this I need to focus on the exciting, flashy players like Luka.
Big guys can be OK if they score a lot. Embiid does, but the 76ers are a bit of a mess right now. I hope they get it together before the playoffs!
love the contents!
Do you have a link to the costs/instructions on how to send your cards in to get graded through PSA? I usually do BGS.
nice one Geoff !!!
Awesome content!! New sub here!! Looking forward to wut u come up with next.
You're a good guy Jeff, thanks for the help!
Geoff stop grading those patches, man. Nice Magnifying tool. I'm on it! Thanks for the assist. I'll go grab one.
Great video!!!
investing $10K in cards in the next couple months. Mostly Hockey but open to a bit of everything. After the $10K is spent which might take a month it might take 3 months, im gonna sit on everything for 12-16 months then I'm gonna resell it all and see how I do.
Might end of keeping a few cards for personal collection if I do good on the investments.
Great video Geoff, I hope you follow up with top 5 Mistakes of Intermediate and Advanced Investors/Collectors. 1. Inventory Management and Valuation 2. Macro Market Evaluation (All Collective Sportscards/Entertainment Cards) 3. Micro Market Evaluation (Individual Sports or Entertainment/Movie Cards) 4. Macro Money Management or Budget 5. Micro Money Management or Budget 6. Grading Pipeline 7. Sales/Marketing - Market Timing or Risk Management (Example is how you Sold your 2017 Panini Prizm Patrick Mahomes during Playoffs, before Super Bowl and right after Super Bowl) 8. Re-stocking Inventory versus One Time Investment 9. Market Speculation (Success Ratio for Profitability) 10. Liquidation of mistakes 11. Liquidity - Cash Reserves 12. Portfolio Management (Buy/Hold/Sell) 13. Advanced Analytics (Research capabilities - You can plug your Market Mover tool) 14. Macroeconomic Analysis (Financial Market impact, Quantitative Easing or Covid-19) 15. Evolution of the Hobby over time (Solve for Why) - Figuring out Peak (Top) and Valleys (Bottom) based on Greater Fool Theory...Here are just some suggestions - you can develop your own. Intermediate and Advanced Investors/Collectors deserve their own video to complete the Series. Beginners are easy...you can lead a novice to an Oasis and they will drink sand because they don’t know any better. 🤓🏀🏈⚾️😂
Thanks - 15 good ideas to choose from :)
Steven Nguyen I hope you’re at the National. I’m going to follow behind you and buy whatever you buy. 😄
Raleigh Al - Hahaha! Sure, if I Win the WSOP Main Event...then I will attend the National in Atlantic City with $1 MM in cash. Will be Buying the same guys I like right now: Michael Jordan, LeBron James, Kobe Bryant, Kevin Durant, Russell Westbrook, Stephen Curry, James Harden, Anthony Davis, Kawhi Leonard, Damian Lillard, Jayson Tatum, Donovan Mitchell, Luka Doncic, Trae Young, Zion Williamson, Ja Morant, Albert Pujols, Miguel Cabrera, Mike Trout, Jose Altuve, Ronald Acuna, Juan Soto, Tom Brady, Drew Brees, Patrick Mahomes, DeShaun Watson and maybe Lamar Jackson. I Buy Blue Chips to Grade and Re-Sell. I just keep it Simple. 🤓🌎🙈🙉🙊😂 I guess I would pick up Color Prizms of Wilt Chamberlain and Kareem Abdul-Jabbar like I have since 2012-13. I have way too many HOF Panini Prizm Color Prizms in Basketball and Football...they are very Gradable, but have never been popular. 😜🏀🏈🤣
Steven Nguyen 🤣 one day we’ll be hiring card advisors. I like your pics above. Imagine how the market would move if grading was quick. If I could get my vintage graded quick I might buy some new stuff.
Hello I’m just wondering what kind of card packs should I shop for? I have a pretty good grip on nhl packs but what baseball and football besides the optic should I look to purchase?
It depends on the card. If it's a hard to find/get RPA, sometimes a 9 is ok. If it's an older card of a top player/goat like Lebron an 8.5 is fine too. And RPAs often times come out of box/packs with corner issues already. It all depends, but yes for base moderns you want to be submitting 10s or BGS 9.5s.
Right, for base moderns. For RPAs, I prefer BGS, because of the subgrades. PSA will likely just slap a 9 on it and be done.
Excellent video.
If you do vintage watch out for over grading and cut cards.
I got a jordan poole courtside /5 green checkerboard im new with not so deep pockets not sure if its a great saver or seller
I collect hockey, i like this content! Wish you collected hockey as well but what are you gonna do lol
Does any magnifying glass work or 1 with a light more recommended?
thank you, for opening my eyes))))))))
Thank you for the insight and wisdom. My son and I have really learned a ton from your videos.👍👍
I just purchased the magnifying glass. 12 hours ago there were only 19 left. I just now purchased one and there were, ta-da, 19 left. If the tool is as fantastic as it’s claimed to be, then win!
The counting the dots is a great tip. A huge amount of my Prizm cards have 3 dots on the left side and 4 on the right side. Just that alone immediately disqualifies it for me from sending out to get graded (which is disappointing given some of the cards that have it). I find PSA are slightly more lenient than BGS on the centering, but even with that a lot of them, the Prizm's in particular are so clearly misaligned that you don't even need a magnifying gizmo to see. I've been told that PSA will go 10 on 45/55 centering, but anything more than that immediately bumps it down to a 9.
Yea, that's been my experience too. Bgs is stricter on centering.
Another great episode
Agree on centering. Im glad that when I got back in five years ago after a 30 year break, that centering was stressed. Centering was not even a consideration by anyone when I collected in the early 1980s.
Sometimes you have to send PSA a card twice to get a 10 if you got a 9. Wouldn't bother with an 8.5
My mistakes were opening boxes. I have the worst luck. Now I just buy the cards I want. Much happier now!
Joe Ryia the reason I buy boxes now is to sit on them then flip them for more. It’s a good way to make some extra cash.
May all your packs contain Gem Mint 10's and.......Be Excellent To Each Other!
Thanks for the video, Jeff. One of your points is particularly valuable when buying cards today online. That's the reality that pack fresh does not mean gem mint. And I'm not just talking about cards I rip. Many times I've dm'd sellers about a card's condition to be told it's flawless/mint only to receive it with chrome spots or print lines. I don't think that's the seller trying to cover up flaws, rather it's just a seller that falls into that 'just pulled it so it's mint' mentality.
Wow I really want to get into investing into sports cards. NBA sports cards to be exact. I love the game and why not try to make money off of it. But I have ZERO knowledge. So here I am subscribed and watching your videos.
How much does it cost to get the thicker patch/auto cards graded is it more? Also on the serial numbered cards are the cards that are the players number worth more than just any other random number?
Fantastic video, I have made every single one of these mistakes. Especially not looking at centering when I first started - I was being so ruthless with checking things like the edges too!
I think one other important thing to mention is also the population of how many graded cards already exist for the card you’re buying. That might have a huge impact on the prices later - if there are many many of the same graded card, it might be worth less in a year because of the sheer amount of them.
Yup, I got a 2011 bowman first chrome trevor story purple refractor the other day [was a mint 9] but the PSA pop report was only [5]...super rare. Mint 9 and I bought it. Pop report is very good!
Good video! Hope you invested in many Zions just before they went up! They are on fire!
They’ll drop. Sell soon.
what do you think about zach lavine and his card? I haven't seen much talk about him
I've done #1 too many times ugh! great video
My mistake was going for quantity instead of quality. In certain breaks the most sought after team would have too high of cost so I would go after cheaper teams that I knew I would get an auto or two. But all those autos together are not worth as much as one from the higher cost more sought after player.
The $24 you cannot beat that tool I suggest everyone buy one ASAP it would be the best investment if they don't have one already that model very handy for purchasing stuff on the go
My biggest mistake i made is thinking my childhood cards would be gem mint but they’re all 5s at most! I have Kobe rookies, a Gretzky rookie, and so many hockey hall of famers rookies.. all basically worthless
Pokellector905 sell them for a dollar each or bulk on eBay
Join the club!!! Ill keep them for memories and for the kids!
Keep those for yourself, pulling those as a kid is worth alot on a personal level
Hi Jeff, enjoying your content! I totally agree with you on buying unopened stuff for long term. Looking at baseball, basketball and football. Would buy some prizm hoops coming up, but my fear is they're overproducing the last few years (Doncic rc pop report!!!!). And with the covid boom, I wouldn't be surprised if they went crazy this year. What do you like, *right now* in the unopened realm?
Hey SCI, What is going on with the LeBron James rookie card market? In the last month his rookie cards have doubled and tripped in price. What is your opinion of this?
I'm submitting cards for the first time to PSA and am not sure if I should add qualifiers or not add qualifiers. Any advice? Thanks!
Thank u
Some great advice on both the collecting side and investing side. . One question I had would be like any portfolio your pricing forecast not forecasting prices: I think that everyone on this planet is expecting Luka to be one of the next greatest players and HoFer and the prices reflect that. Is there more value in find cards where you believe the player will deviate (positively) from there projected career or waiting for a player like Luka to actualize the hype.
Like a Bradley Beal who has not plaid in a major market, but career is on a upward swing and can gain more popularity later in his career
Wow the market movers thing looks amazingggg but it’s $50 and I don’t have it 😭😭😭
Do you bring cards as well as cash with you to the National?
How do you grade your cards
Do you collect NHL cards at all? And great video
Jeff I got back into it in 2020 and I’m still learning & make mistakes.
My big mistake was thinking I could open Hobby boxes of cards and then sell them to make money. Dumb me! I’m just sticking to rookies for now and sending them into PSA
TanstrosFan not selling the right cards then
Just buy the cards you want
It’s not only the star player factor but also the team factor. Cowboys, Yankees, Lakers second tier players will sell as well as some other teams star players.
You hit it on the nose with these 5...but you missed one...impulse buying when a player is hot...you can lose a lot when you do that...I'll probably pick up one of those loops...I'll try it out
Very true!
Guess I've made a mistake then. Bought 40 base and 7 silver Coby Whites
Tim Hampton Just hold on to those??? Give him a year or two. You probably bought him for dirt cheap. That’s not a mistake yet
Tim Hampton Coby White is not “hot” right now
What sets should invest in to open packs if I don't have thousands of dollars
The mistake I've made is paying the buy it now price for graded cards. Love your videos thank you for all your insight.
Can you elaborate? Do you negotiate more versus just payingbtye asking price?
I feel like this really just depends on the price.
So is a Lonzo Ball centered worth anything?
Learned a ton through the video, learned a lot through the comments as well. Thanks everyone.
I LOVE the way you break things down. You have a simple approach on a complex topic. GREAT! One slight, perhaps, interest I can pass on that I've noticed in the baseball card world, which is different than in other sports. Derek Jeter, overall, still rules the modern market. Yes, Trout's rookie cards are SUPER HIGH, but subsequent Trout cards are not, though they are growing. Jeter was not a homerun hitter. He was a high average hitter, but more importantly, he was beloved by Yankee fans and collectors. The pinstripes can make a very good player (e.g., Gleyber Torres) worth more in the long run than a superior player (e.g., Juan Soto, Ronald Acuna), because of the Yankee logo. Jeter had contemporaries that were better players than him, but none that can compete on their card market value.
Lol Funny that you mentioned Rudy 😂
Start sending to SGC. What's up with all the psa??