Your Worthless Baseball Cards

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Your Worthless Baseball Cards

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Personal Finance 101 – Buy-Sell Planning: Trigger Events and Payment Terms For Buyout

April 15, 2011

Like so many kids growing up I had dreams of playing professional baseball. I also spent much of my time between the ages of 8 and 14 collecting baseball cards. I bought sets of cards, got cards out of my neighbor's basements that didn't want them, and even traded cards from time to time with my friends.

I used to go as a kid to baseball card shows all the time. I read the Beckett's baseball card guide so I could closely guard and track the small fortune I was building with my card collection. All in all I had collected over 100,000 baseball cards with my best being a rookie Henry Aaron card from the 1954 Topps Series. Then high school and college came, and I put my baseball cards away in binders with plastic sheets. I had the very best 200 cards put in these thick Lucite protectors to ensure the cards that were in perfect mint condition stayed that way.

A few months ago, I decided to get out all of the cards and go through a new collectors guide to see exactly what my card collection was worth. I figured like any collectible, over the course of 25 years I would see some significant growth in the overall value of the collection. After going card by card and player by player, I realized that the collection was worth just about what it was 25 years ago and probably less if I really had to sell it to another collector.

I guess at one point or another in our lives, we have all collected something that we thought would really spike in value over time. While you do see some incredible items get sold on shows like Pawn Stars, I think the truth is with baseball cards that best you can expect for is a card or two in your collection to grow while the others lag behind inflation.

I know that my collection isn't worthless as all collectibles will carry some value, but with baseball cards as a collectible in your portfolio, don't plan to hit a home run!

Ted Jenkin, CFP®, AAMS®, AWMA®, CRPC®, CMFC®, CRPS®

Co-CEO and Founder oXYGen Financial, Inc

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Securities and Investment Advisory Services offered through NFP Advisor Services, LLC (NFPAS), Member FINRA/SIPC. Oxygen Financial is not affiliated with NFPAS. NFPAS does not provide tax or legal advice. This site is published for residents of the United States only. Registered Representatives and Investment Advisor Representatives of NFP Advisor Services, LLC (NFPAS) may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact NFPAS Compliance Department at 512-697-6000. PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of the web sites provided here, you are leaving this web site. NFP Advisor Services, LLC makes no representation as to the completeness or accuracy of information provided at these web sites. Nor is NFP Advisor Services, LLC liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, web sites, information and programs made available through this web site. When you access one of these web sites, you are leaving our web site and assume total responsibility and risk for your use of the web sites you are linking to.

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Securities offered through Kestra Investment Services, LLC (Kestra IS), member FINRA/SIPC. Investment advisory services offered through Kestra Advisory Services, LLC (Kestra AS), an affiliate of Kestra IS. oXYGen Financial is not affiliated with Kestra IS or Kestra AS. Kestra IS and Kestra AS do not provide tax or legal advice.

This site is published for residents of the United States only. Registered Representatives of Kestra IS and Investment Advisor Representatives of Kestra AS may only conduct business with residents of the states and jurisdictions in which they are properly registered. Therefore, a response to a request for information may be delayed. Not all products and services referenced on this site are available in every state and through every representative or advisor listed. For additional information, please contact Kestra IS Compliance Department at 844-553-7872.

PLEASE NOTE: The information being provided is strictly as a courtesy. When you link to any of the web sites provided here, you are leaving this web site. Kestra IS and Kestra AS makes no representation as to the completeness or accuracy of information provided at these web sites. Nor is Kestra IS and Kestra AS liable for any direct or indirect technical or system issues or any consequences arising out of your access to or your use of third-party technologies, web sites, information and programs made available through this web site. When you access one of these web sites, you are leaving our web site and assume total responsibility and risk for your use of the web sites you are linking to.