The following tips come from Leighton Sheldon, Just Collect’s President. After buying his first pack of cards at eight years old, Leighton paid his way through college partially by buying and selling baseball cards. Today his company has bought and sold over $25 million worth of merchandise.
Leighton's personal collecting focus is on vintage basketball cards and memorabilia. Years ago he sold his most prized basketball memorabilia possession, a 1962 photo of Wilt Chamberlain scoring his 100th point against the New York Knickerbockers, to help pay for a house. Other items in his basketball collection include a "blank back" autographed Dr. J rookie, as well as a piece of parquet flooring from the old Boston Garden signed by Larry Bird.
Whether you're just getting into the hobby, or you've been at it for years, here are twelve tips (straight from an expert) for the vintage and modern sports card collector.
Don’t go after cards just because they’re popular or valuable. Go after what you like. It’s not easy to make money on sports cards. So make sure that you’re having fun.
It’ll make it easier to focus, and easier to save.
This should pay off when it’s time to sell (if that's what you choose to do).
Check feedback on eBay, and generally do your homework on the people you deal with in your sports card transactions.
It can be tempting, but don’t go buying everything right away. You’ll probably end up overpaying. Not to mention, the chase is the whole fun of collecting. If you’re not enjoying it, then what’s the point?
Keep your cards protected using holders, sleeves, top loaders, etc. and keep them in a controlled climate. PSA holders are not waterproof. Also, if your cards are worth thousands of dollars, you might want to insure them.
Get familiar with identifying and evaluating the condition of cards. And you don’t need to go buy expensive magnification and lighting, you can do it with the naked eye. If anything, get a $10 jeweler’s loupe.
Whether at shows or online, make connections in the hobby. You’ll learn invaluable lessons.
Keep detailed lists and well-organized scans of your cards (front and back).
If you keep your declared value low when you submit, you can avoid overpaying for card grading. If you end up having to pay a little more because you received a great grade, PSA will contact you.
Contact a professional. You could end up destroying their value.
It can be hard, but if you're always trying to keep up with the Joneses, you won't have as much fun.
"I consider myself to be a Sports Treasure Detective."