Top 10 MISTAKES I MADE When Buying Sports Cards🙅♂️❌SCIU EP. #5
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- Опубліковано 17 тра 2024
- In this episode of Sports Card Investor University, Geoff talks through the 10 biggest mistakes to avoid when getting into The Hobby.
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You forgot a mistake. Drinking while eBaying on a Saturday night! This hurt me summer of 2020 😂🤣😂. Don’t drink and eBay!
EUI?
That's how I ended up buying into breaks I should not have. I lost on almost all of them, but got a /10 on one of them.
Dont drink and get on breaks on tik tok or whatnot either 😂
Whatnot is worse to drink and use lol
I’m guilty of that as well😫🤭
Just started collecting again since I was a kid. The market had changed immensely. Thanks for the tips.
My mistakes are I love cards and don't sell them or get them garded.
Lol, I feel most suffering from the same affliction. 🤝🏼
If you collect for the love of the hobby you’ll never lose 👌🏽
I agree but this isn’t about collecting it’s a out investing and wether you like or hate it. It’s been a part of this business for decades now. If you don’t like that aspect why watch videos on it?
@@glyn420 where did it say I didn’t like anything? Calm down Jussie Smollett
@@maxgarza4531 then what was the point of your comment on a video about investing? Please at least have conviction to stand by what you post.
Wtf are you talking about? I made a statement if you don’t like it get fkd. Simple as that.
@@glyn420 “conviction” pls 😂
Buy in the off-season of the sport.
not the case in the NBA, as soon as season started base card rookies tanked
not the case in the NBA, as soon as season started base card rookies tanked
1. Not checking price history before buying
2. Thinking all positions created equal (Rudy Gobert)
3. Thinking performance dictates prices (Patrick Mahomes hype)
4. Chasing an overly hot market (fomo)
5. Not keeping good records (market movers)
6. Not understanding value of star players (Luka Doncic)
7. Assuming raw cards grade well
8. Buying singles from new products
9. Buying too many rookies (Kendrick Nunn)
10. Thinking flipping cards is easy
Funny how defects in coins make them more valuable, yet in cards, less valuable 🤔
Great video. The top tip from my experience is being super disciplined with buying. Research price history. Negotiate to a low but fair price. And dont overbuy volume. You can get stuck with a lot of inventory that will take a long time to sell if you overbuy in volume of a particular card or set.
Checkout my amazing football card collection
Thanks so much for the vids you make for the pc like me,i have learned so much since i started watching your vids in a few months than i did in years. I know i personally have made many mistakes in the past but my biggest one is not doing any checking of past sales and being a impulse buyer,if i see it and like it, i used to buy it, not no more. like i said earlier, you have taught me so much recently and i want to thank you and your community for the non stop information. Thank you and Be safe everybody!
thank you so much for the tips and the app. You guys are doing great things for the hobby.
Thanks for all you do for us small time and beginning investors!
My biggest mistake was not going all in on 2003 Topps Chrome basketball, I had a chance to buy a full sealed case for under retail & passed on it.. I'd be sitting on a gold mine if i would've got that case and put it away til now. Also I missed on Pokemon as I ran shop from 1998-2005 and never thought pokemon would be of any value. I had 2 or 3 full cases of 1st edition & one fossil case 1st ed.
Swear dude shit I wish I would of just kept a couple packs lmao
One of the mistakes I made was seeing your top 5 videos and then going and buying those players. At that point it was too late, and I ended up buying right before they went down. Thanks jeff
hopefully that taught you to stop listening to random influencers LOL
🤣🤣🤣🤣🤣🤣
Serves you right for listening to a card newbie influencer. This dude's channel is just a documentation of someone learning fundamentals, instead of someone like smpratte who knows the game.
Sports is super volatile too based off of performances no one can predict. There is no reason to listen to people's 'top players to invest in'. If you get obsessed with the new rookie market, you are going to be consistently holding the bag.
That was really dumb you guys should know better. Now you do though so lesson learned
I would say that putting money in rookies that have potential to be huge a couple years later is not a mistake, but it's a gamble. It's ok to do, but you have to know it's a high risk-high reward thing.
I don't think he's saying not to do it.. He's just saying don't go crazy heavy on it
Probably the best informative video I've seen, very nice job! Thank you
Great content! What are your thoughts on determining value by condition and graded vs ungraded?
Regarding the buying the singles from new sets. If a hobby box costs hundreds of dollars but guarantees at least 2+ autos, at times you may be better off buying those autos or numbered cards you want individually as you may pick em up for much less than what an unopened box sells for VS. getting caught up in the chase.
I am starting to see this after being away from the hobby since 98.
@Kelly awesome advice. I have never bought a modern pack! If I want an auto I just look around for non-rading dealers on Ebay .
If I buy a graded its a PSA 9 or 10 hoping it will bet a grade bump at BGS!
Amazing amazing tips mate, love it!
My current mistake is that not all grading is equal. I bought graded spans but not PSA or BGS. I feel like the cards are mint but won't be considered when i resell because of the grading company.
I also did that i bought a holo jalen hurts rookie select but it was graded 10 in cgs 😢
Awesome content!! Thank you for what you do!!
Great advice as always!
Just buy singles of the cards you want instead of ripping boxes. You save more money than gambling expecting an big hit.
Can resell the cards at a yard sale or market places or others.
Definitely made a few of these mistakes, lots of good tips!
Nice video. Happy for you that you are living your dream life and sharing it with others. You seem like a nice dude.
Great info for someone like me who's just starting to get interested in the game
Learning a lot from your videos. Thank you much!
My opinion as a new investor/collector buying hobby and blaster boxes have this excitement of not knowing what you will pull! The national treasure and others like it are even more exciting( if I could afford it). That is pretty much why I spend all my money on football cards! Great video! 👍
if you are trying to invest and treat cards like the stock market-- buying and ripping wax is not the way to go. its definitely fun but not from an investment standpoint.
That's where the new collectors misunderstand the hobby. In collecting sporting card. The sports card company can not make all cards in mint conditions.
11. Expecting good value out of retail boxes or even hobby for that matter
Ha, ha! 🎯 exactly
I’m still buying Kyle Kuzma rookie cards! I’m dieing on this sword !!
Great info!! I’ll be taking your advice on the long term investing. Kobe, Jordan and Bryant.
One step a at time to grow inventory and also having that 1 of 1 card.
Yep, I made a big mistake awhile back. I bought a card that I thought was an original and didn't realize it was a reprint. Topps put some tiny lettering on the bottom that I missed.
Thank you for a great insights
Hi jeff I buy blaster boxes open them and go through them then post the ones that look the best for selling don’t always make my money back just love opening them
Great video. Started watching you some months ago and been coming back ever since. Always informative. Keep up the great work.
Another good tip, Don't get into competitive auctions. I've seen several online auctions go 120-170% of the actual value because people get fomo last minute and stubborn and won't withdraw from auction. There is always a buy it now with better value.
Geoff you are like a USC professor talking about the SC-Market like stocks and IPO! IPO all shares go at the same bid or ask! Anyways I will send you & T-Pot a sign issue of my debut comic book.! @I already have a artist spot lined up @ Frank & Son.
God Bless. Thank You!
Hey man your from Florida huh??? I see all the gator stuff in the back ... Just curious cause there's a card show in Polk county I think on the 16th or 17th
This video is legendary worthy.. ty!
Great stuff!
Great Vid. I will say I only sell Raw cards. when i buy off of Ebay i take a look previous sales if theyre all Raw its fine if they sell a ton of Slabs and they have a few random raw take notice. as a Raw card seller I can say we arent all bad
Good point in the hype about mahomes, I’ve been considering this a lot with Ovechkin on the verge of breaking Gretzky record I believe his value will be at his peak right before he breaks Gretzky record
I needed to hear all this
awesome... tku, i'm hitting both buttons for you.
So the manufacturers are responsible for my PSA 8 that looks pristine??? The manufacturer owes me $$$ for selling me a faulty product!!!!
Would be cool to see your Florida gator collection I’m OU but still, I like college sports a little more
I spend so much more money overpaying early in releases, because I am buying for my PC - my cards are an investment, but it will be an investment my niece and nephew will benefit from.
I got stacks of Bobby Witt, I also have stacks of Gavin Lux and Bellinger. Win some u lose some
When I pulled the Excalibur of aka #34 King Arthur numbered 9/25 sp authentics rookie auto it was a very thick pack about half an inch and when I opened it upper deck had put multiple refractor’s on both sides of Excalibur I was amazed and new I had pulled the Holy Grail 9/25 equals 34 his jersey number and he is having a great year with what hand he has been given
Sports cards U. I love the sound of that !!!!!!!! I think I was there 😄. The real problem with grading is 90% of the graders even with training have no business being in a grader and too many were hired to cover the Covid demand and these people were not experts or even close even when trained., with all the new demand, graders grade the card wrong because of inexperience. That is the bottom line and they teach you that at sports card universities😇⚾️😇😳😄😳😇⚾️😳😄😳😇😇⚾️
This was a great video! It really shows you there are deals to be had during any market. It also shows the risks that are still there today.
@@SportscardLyle_onIG I would say because there are more cards than just Mosaic. I actually do not even collect Mosaic. I am typically Prizm, Optic and some Select. "Every" card was never down 20%. While most Ultra Modern cards decreased in value throughout 2021, vintage baseball from the 50s and 60s actually saw an increase on average during this same period of time. Also, Shohei prices saw a huge runup during a declining market. I bought a few Ohtanis at the beginning of the baseball season. I also made some decent money on Cooper Kupps. Some cards do go up even in a down market, you just have to know where to look. It is possible that the app could help with that.
Oh gosh! All the above! I've learned a ton in sports card collecting from you Geoff! Thank you! Hope to meet you soon!
Get a load of this I was going threw my 1996 score pinnacle football hobby box I found two cards with color missing on the front of them. I immediately sleeved both cards. I don't know if thier errors or what. I also got duplicates, of them that had all the color on them.
About #8 , not jumping on new releases. Guy who got me into cards collected Cal Ripken. Dealer at a show knew this and got a Ripken refractor out of 93 Topps Finest and offered it to Kenny for $25 . DUH. Sometimes ya just have to go with gut.
When I first got into collecting cards I bought so many single cards on whatnot. It was a rush but a very bad investment thinking I could resell all of them. Now I just buy graded cards and singles from friends
Same
Similar to your Jordan mistake… I bought a lot of graded basketball back in January without checking price history. First time buying graded basketball and I was just so eager to get my hands on some… FOMO and a half, LOL. Lesson learned 📚
Thanks for making this video, it’s packed with tons of information! ✅
I got lucky because I like Tom Brady and PC Terance Mann. Tom Brady refractors all went up and still undervalued. Tmann was so cheap when 2019 basketball came out
I have a question about top level graded card BGS 10 vs PSA 10... It's look like top players rookies cards have a better value with BGS 10, is it because the POP are normaly lower or it's maybe more difficult to grade 10 with BGS? Exemple, I found with the Connor McDavid ROOKIE GEMS /399 series that the BGS 10 worth more then the double! Is it because of the low POP or why??? The PSA 10 have a POP 22 and the BGS 10 have only a POP 3
I always wonder about non sports cards for example like marvel or other non sports cards. Thanks
I have this rookie Zion I bought when he was hurt bgs 9.5 and one 10 on edges. I looked around there’s only a psa 9 highest graded. Zion crusade /30.
Also have a ton of football cards from the 80's and 90's
I really appreciate it. Already made a few of these mistakes, but I'm learning.
The biggest mistake I made when I was younger was just chasing all the smaller MJ cards over one big one. I bought over 100 MJ cards from 10 to 100 dollars, had I just saved up I would have had more than enough to buy a PSA 9 or 10 rookie at the time.
Shirt is 🔥
I hope to one day have an elite collection while maintaining a profitable card dealing business. Not sure exactly how I would get started though
Everyone needs to watch this video. Wow. Can you make one about tips for how to deal/buy at card shows? When looking to flip!
I waited to pick up a 2022 bowman Chrome Kahlil Watson auto /150. When bowman dropped that blie Kahlil auto was selling for way over a grand, if not more. They have since dropped more than half. I took a chance and invested. Hope it works out
How about autograph cards?? Unless its auto graded, it devalues?
I’m a beginner to this and my idea of how the value of a card changes was his mistakes he made so I know now it’s not so much of their performance on the field, it’s the hype of the player and likeness of them as well. Always research prior sold prices and negotiate. Basically you’re better off buying a pack yourself and getting the cards graded than buying raw cards or buying cards that are already graded and hoping that they increase in value after you buy.
Definitely not better buying the box lol
Great presentation - awesome gifts......................:)
Enjoy your content
He’ll love the vids
I know Brady cards will always be more expensive than Manning, but what if my budget is more at the Manning level? Is there similar % growth between them? What about the % growth of a Brady PSA 10 vs PSA 9 or 8?
Yes, does the multiple stay around the same level or does it go crazy for Brady v. Manning? If it stays the same then I would go with the Manning. But if the trend is for the multiple to accelerate in Brady's favor then Brady will be the better option. Remember, he has had a better career than Manning and he is still playing (and can still win rings).
Well if you go to Japan, likely you can get your money worth on those singles, it cheap when you can redeem the tax and discount from the mall.
Manage to get at least 2x profit.
Damn good info
Right now I'm buying all the Anthony Edwards I can get....
Would like to have more conversation about sealed wax
My mistake was spending too much money from eBay auctions and buy it now without realizing the actual value of the cards
Buying cards at the top of their hype and by the time they get back from grading, there were significantly less money.
Mistakes. Recent: buying a dozen raw 1972s baseball right before PSA closed. Past (mid-1980s): investing in prospects--- Cory Snyder, Devon White, Bret Saberhagen, Ruben Sierra, Greg Swindell, Gary Petit, Jose Canseco, etc. You are throwing money away investing in any unproven player. Maybe one out of all will get a proven track record of excellence, so your payoff is about 1% chance. The only one that panned out from 1985-1987 was Kirby Puckett (maybe Bo Jackson), and he was not considered a hot prospect at the time.
I just like to collect. I don’t think of it as investing. It’s actually a hobby for me
This is a video I wish I watched a month ago!
Very helpful. FOMO is one that really helps me. I always get sucked into the hype. Recently is been Nikola Jokic for me. For reference I started buying his cards right after he beat the Lakers in game one of the Western Conference finals. This lasted for about a week and I think I’m done. Spent $2500. I think the cards will continue to inflate given he wins the finals and if he wins, he’ll likely win MVP although Murray could do it to. But next time I’m going to wait until after the hype of a player
This aged beautifuly
you forgot to mention the 89 griffey UD auto you bought!
hey, i buy lots of judge cards, mostly really neat inserts, i haven’t made a deal at or above raw price tho 😂😂 think it’s a good or bad investment
Great shirt lol I have both thanfully :)
I learned my lesson investing in a guy named Ryan Leaf….
Biggest mistake for myself was when I traded my Jordan cards for some sure thing star on the rise named Alex Rodriguez
I recently this video, I am not to collecting. But what are exactly the meaning of raw cards?
Is it worth buying unopened packs (cellos/sealed box) like prizms, optics, and/or bowman and hold them for 6-8 years to make a huge profit?
Yea
This is so cool
It's a game some win a lot will lose. I would sell it all right now and get out while the getting is good
I tend to buy autographed or patch cards that nobody wants.
Best video ever.
I had a full pack of Optic basketball that had print lines down the center of each card, completely ruined!
I got number one mistake, don't invest in cards. Do it for fun and if you get lucky then great... sure you can try and flip etc but there's way easy and better ways to invest your money
As an investor you have to sell when prices spike for a card and not keep it because you love that card or player. Making money is where it is at and when the prices go way down just buy it back for a lot less!
Remember when he told us his #1 player to invest in was derek Carr? 🤣🤣🤣
so, how about 2020 Select Basketball?
How do you know when the market is hot?