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Saturday, January 1, 2011
As you can see from reading my blog I mainly collect baseball prospects. I'm not much for cards from other sports, although I do dabble in hockey from time to time. I've thought about the cards that I want to purchase in the new year and I break them up into two categories, prospects and Hall of Famers.
I'm not much for vintage cards, but the thought of diversifying my collection is appealing. The problem I have with prospecting is the wait for return on investment. Granted, a player doesn't have to make the majors in order for you to turn a profit. I've sold plenty of prospect cards at a profit when a players moves from AA to AAA. The issue I have is that prospects are kind of like taking out a 2-year CD at the bank, the money is tied up and can't be touched. What if I come across a really great deal and need to come up with some cash quickly? I'd be selling off prospects at the expense of future earnings to purchase more prospect cards that are going to sit and wait for future earnings.
My 2011 collecting/investing goals now include vintage cards. I really think there are some deals to be had on vintage right now, especially with some of the bigger names. I'm doing this as an investment and a way to get that quick cash that I spoke of before if a great deal comes along.
1955 Topps Roberto Clemente - I had a chance to purchase one of these when I was a kid and didn't do it. For Pirates fans, this is the holy grail of baseball cards. A PSA 3.5 recently sold for $400.
1954 Topps Hank Aaron - The true home king. Did you know that you can pick up a PSA 3 of his rookie for around $400? Absolutely crazy.
1963 Topps Pete Rose - The hit king, another record that will probably never be broken. You can pick up a PSA 5 in the $400 range.
1980 Topps Rickey Henderson PSA 9 - The PSA 10 is a little to rich for me right now. The PSA 9 hangs out between $175-$200. That's a bargain in my eyes considering he owns a record that will never be broken.
There are too many cards available to list individual cards. I'll go the route of just naming players, in no particular order, that I'll be prospecting in the next few months before prices really start to rise.