As a collector, I have asked myself this question many times over the last several years and I have concluded that there are several reasons for the card industry to tank.
Too many collectors trying to make big money.
Too many card companies issuing cards.
Too few genuine stars in sports worthy of investing money in their cards. People got tired of being burned by the "next Michael Jordan"... Penny? Grant Hill? Harold Minor?
With the growing salaries of pro sports players, the shrinking salaries of Americans left card buyers with a bitter taste when it came to giving even more money to players, most stopped investing.
EBay killed the card shop industry, instead of ever paying anything even close to Beckett value of a card, people can purchase ultra rare insert cards for a fraction of their value. This eliminated the need to "bust packs" in search of rare cards.
The beauty of the older cards were that nobody was special, a card was just a card. Today, you have a thousand different types of cards, subsets, foil, hologram, relic inserts, item inserts, signature cards, numbered issues, proof prints, the list is almost endless... All this did was make the normal card series completely worthless. At the same time, it caused even the unique cards to also become worthless since every single rookie had to get a signed, ball insert, jersey insert, sweat vial, DNA swatch card haha... when so few panned out.
Today, anyone with photoshop can create one of a kind, stunning works of art featuring their favorite athletes, we have YouTube now, we have websites, fan sites, so much information now, that reading the backs of cards for info is virtually worthless as a source of information.
The days of cards being worth much are over, it was a great thing while it lasted, simply because people made thousands off of worthless cardboard. Once people set out making priceless cardboard in the hopes of making even more money, they ruined the market.
Chris Rodriguez
Written Feb 21, 2012
Too many collectors trying to make big money.
Too many card companies issuing cards.
Too few genuine stars in sports worthy of investing money in their cards. People got tired of being burned by the "next Michael Jordan"... Penny? Grant Hill? Harold Minor?
With the growing salaries of pro sports players, the shrinking salaries of Americans left card buyers with a bitter taste when it came to giving even more money to players, most stopped investing.
EBay killed the card shop industry, instead of ever paying anything even close to Beckett value of a card, people can purchase ultra rare insert cards for a fraction of their value. This eliminated the need to "bust packs" in search of rare cards.
The beauty of the older cards were that nobody was special, a card was just a card. Today, you have a thousand different types of cards, subsets, foil, hologram, relic inserts, item inserts, signature cards, numbered issues, proof prints, the list is almost endless... All this did was make the normal card series completely worthless. At the same time, it caused even the unique cards to also become worthless since every single rookie had to get a signed, ball insert, jersey insert, sweat vial, DNA swatch card haha... when so few panned out.
Today, anyone with photoshop can create one of a kind, stunning works of art featuring their favorite athletes, we have YouTube now, we have websites, fan sites, so much information now, that reading the backs of cards for info is virtually worthless as a source of information.
The days of cards being worth much are over, it was a great thing while it lasted, simply because people made thousands off of worthless cardboard. Once people set out making priceless cardboard in the hopes of making even more money, they ruined the market.
Chris Rodriguez
Written Feb 21, 2012
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