by Fred Fuld III
Did you collect baseball cards or other sports cards when you were a kid? Did you save your collection?
Hopefully you did, and hopefully your collection is in good condition, because you could be sitting on a lot of money.
If your mother threw away your collection after you moved out, not to worry. You can still build your collection again, albeit at a much higher price.
Some investors are even looking at sports cards and other memorabilia as long term investments and short term trading vehicles.
This is done through shares in these cards, just like shares of stock, through a company called Collectable, and the shares are registered with the SEC.
The company offers IPOs (Initial Public Offerings) in shares of rare sports cards. After 90 days, the shares start trading like regular stocks.
Collectible has already had substantial buyout offers on some of its cards. Just one example from a few months ago. Collectable received an offer to buy out the Wilt Chamberlain 1954 High School Full Uniform for $632,000. The uniform was IPOed on Collectable on December 10, 2020, for $316,000. The asset had been trading on Collectable’s secondary market at $442,400.
As another example, back inn April, Collectable received an offer to acquire a 1979 Wayne Gretzky card for $225,000 which had its IPO in December at $67,000. Including Collectable’s equity interests in the offering and broker dealer transaction fees, the offer represented a 213.8% premium over the price investors paid on the IPO.
Collectable is now offering a free share of a collectable sports card or other memorabilia, just for signing up. They give you a free share and me a free share.
If you are interested, click HERE.
Just remember, I never recommend collectables as investments. Don’t forget to check out my article called Last month I bought a Racehorse, an NFT, and a Collectable Baseball Card: Are We In a Bubble?
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