Profiting from other's misfortune or laziness: How to score big with Sports Cards.

There are several ways to ensure a profit on sports cards, and I'm going to share one that not many people think about.

Before we begin, I need to make sure you know of the Sports Card grading services that are out there. What these third party companies do is take your cards, assign a point system grade based on its condition, and return it to you in a protective case. Knowing the difference levels between perceived prestige in these services is where we can make some money.

For the most part people agree that PSA is the "best" grading service. Receiving a 10 on your card from PSA means that you can now command big bucks with the right players.

Let's take a look at a recent completed ebay listing for Ja Morant:

20210209 22_09_542019 panini prizm ja morant rookie rc 249 psa 10 _ eBay.png

Just today (as of this writing) his Prizm rookie card in PSA 10 condition sold for $510.

Now, let's take a look at this same card, graded by a different company.

20210209 22_11_132019 panini prizm ja morant rookie rc 249 in Sports Memorabilia Cards _ eBay.png

The same card in a 9.5 from BGS sold for only $205.50.

The first question you should ask is what's really the difference between 9.5 and 10?

The answer is nothing at all, in fact, many people in the sports card world that Beckett (BGS) is actually a harder service to get a great grade from. So what's the real difference? Prestige in the public's eye. And with that bit of knowledge, we can make some money.

What I will be doing is buying expensive cards that score high on BGS, crack open the case, and send it off to PSA for grading.

9/10 that card will come back as a grade of 10.

Sell the card and you have made profit. How much?

Well, we'll use rough math here for this one, since I don't have exact numbers when it comes to the ebay fees that will be paid, but we'll be close enough to prove the point.

$514.25 (Sales price) -$209.50 (Bought price) -$18.00 (for grading and shipping)

We're at $286.75 profit before ebay fees.

Let's just say that it's $250 after fees and that's being heavy on what they charge. With that number in mind, it should only take you 30 minutes or so to remove the card, prep it for shipping, and sending it on its way.

Not a bad income for a hobby at all.

Posted Using LeoFinance ^Beta

Comments · 5

@crypto.piotr(65)· 2005d

Hi @swelker101

It is impressive the value that sports cards have, I was not aware of these rating parameters that some companies do, however this gives prestige to the sports card exchange. Thanks for this.

Yours, Piotr

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@dbooster(79)· 2028d

Very smart! Good luck with your card flipping!

Quick somewhat related question for you or anyone else reading here: Do these services also grade Magic cards? I recently discovered several boxes of very old magic cards, many of them seemingly of good quality and high prices according to internet guides. I have no idea how to go about selling them, however. I suppose I should have them graded first... don't know.

@dkid14(74)· 2028d

Ive flipped 2 Lukas doing this. One got a 10 and one a 9. Too bad the PSA wait times are soooo long. Good luck with this card.