Sports cards are not dead, however there has been a market correction in 2022. Popular sports cards like Panini and Optic have plummeted in value.
However, even with this market correction, it’s still possible to make money from sports cards in 2022. Reselling cards is not dead in 2022, it’s just changed.
- Are sports cards dead?
- Is reselling and flipping cards dead?
- Will sports cards go up in value?
- Did the card market crash?
- How to make money from sports cards in 2023?
- Frequently asked questions (FAQ)
Are sports cards dead?
No, sports cards and other trading cards are not dead. The market, just like many other markets in 2022, has experienced a correction.
From cards to sneakers and many other markets, there was a major correction across the board. Many markets were at an all-time high and were corrected because of the economic status of the world.
The sports cards market took a dive from the all-time high prices they were selling at.
Is reselling and flipping cards dead?
Reselling cards is not dead. Resellers can still make money selling cards but they have to be more specific about what they sell.
But in general, reselling or flipping cards is not dead. Cards are resold on eBay and other platforms for a profit every day.
For example, it’s no longer profitable to go to Target or Walmart and buy random packs of Panini Prizm basketball cards or Optic football cards. The days of buying and reselling random packs of sealed cards are over because of the market correction that took place.
Will sports cards go up in value?
Some sports cards will go up in value if the player does well. For any kind of sports card, their value is determined by the holo foil and rarity of the card and how the player the card is representing performs.
That’s why it’s better to invest in holographic rookie cards for bigger returns on your money. As those rookies develop over their sports careers, your cards will also increase in value if they do well.
Did the card market crash?
No, the card market did not crash. The card market underwent a correction in 2022. Aftermarket prices were adjusted based on the economic status of the world.
Many cards were selling at-time highs and their actual values didn’t justify those prices.
How to make money from cards in 2023?
There are three main ways to make money from cards in 2022 and 2023. They are selling bulk, investing in sealed products and getting your cards graded.
Selling bulk isn’t about making large amounts of money from cards but profiting from many small sales. The truth is, even if a card isn’t holographic or rare, it holds value. For trading cards and games like Magic: The Gathering, cards serve a functional purpose in the game. So selling random cards that aren’t rare or holo can be profitable if you can buy them cheap.
The same goes for Fortnite cards and Pokemon cards. Random reverse holos and other cards can quickly sell for $2 or $3. Enough of those sales can earn resellers a lot of profit.
Investing in sealed products
Another way to make money from cards is by investing in sealed products. Booster boxes and mega boxes go up in value over the years when they are unopened.
Resellers who can buy these boxes of cards and hold them for more than 5 years will see returns on their money. Sealed products have a history of trending upward, especially if there was a special card in the sealed product that is valuable and highly sought after.
Reselling sealed products is similar to holding profitable sneakers as investments.
Getting cards graded
Getting your cards graded can increase their value if they are given a high grade from a reputable grader. Resellers should aim for 9s or 10s from PSA if they really want to increase the value of their cards. Also, rare graded cards will perform better than common ones.
Frequently asked questions (FAQ)
Q: Are rookie cards a good investment?
A: They can be if the rookie goes on to have a successful or impactful career.
Q: Where can I resell cards?
A: Most resellers sell their cards on eBay, Troll and Toad or local card shops.
Q: Is reselling cards worth it?
A: It can be worth it if the cards you’re selling are valuable or rare and if you can get them for the right price.
Reselling cards is not dead and cards have not lost all their value. They experienced a market correction in 2022, but so have many other markets.
Smart card resellers can continue to profit from selling cards if they know what they are doing. New card sellers should consider their options when selling cards and learn from their experiences so they can get better.