Parent Company of PCGS (CLCT) to Sell for $700 Million

Discussion in 'US Coins Forum' started by Gallienus, Dec 10, 2020.

?

will baseball /football card certifications continue to surpass that of coins?

  1. yes

  2. no

  3. they will be equal

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  1. Gallienus

    Gallienus coinsandhistory.com

    "Coin dealers are speculating that the new buyers aren't interested in numismatics, at all, and they may sell off that portion of the business. There's no way to know at this time, but clearly the future for CLCT (Collectors' Universe) is being measured in cards, not coins."

    During the covid the certification of baseball cards surpassed that of coins. According to an article on the sale
    "Coin collecting will always be somewhat of a niche industry. We don't have dedicated media channels like ESPN with 24-hour coverage peripheral to our hobby. Sports and the personalities around them are a huge part of 21st century culture. Coins are not."

    "World Series TV ratings 32% down on previous low"
    Contravening that you also have trends that both the MLB (Major League Baseball) and the NFL (Feetball) are doing excessively poorly. I don't see how interest in cards will continue when interest in the underlying sports in dying out?

    Coins retain a more historical link to people, countries, and historical events so even as small change fades from useage, coins will remain an important collectable. It also may be that they simply pushed the price up so as to sell the company and what happens to this business in 5 or 10 years is simply not gemaine to this sale.

    One article link:
    https://www.greysheet.com/news/story/parent-company-of-pcgs-to-sell-for-700-million
     
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  3. JCKTJK

    JCKTJK Well-Known Member

    their stock was around $15 a share in April 2020, today's close, $75+, that is a lot of trading cards!
     
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  4. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    This is insane....people are flocking to cards and memorabilia, the stuff that imploded in the early-1990's ?

    I know that quality is emphasized over quantity, but the volume must be in sports memorabilia and not cards. JMHO.
     
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  5. Inspector43

    Inspector43 Collecting Since 1948 Supporter

    I and most of my friends have given up professional sports. I believe that there are many who have given up. I haven't watched NFL, NBA or MLB for at least 2 years. I wouldn't invest in cards these days.
     
  6. Santinidollar

    Santinidollar Supporter! Supporter

    The underlying sports are not dying out. They go through hot and cold streaks. Did anyone really expect that 2020 would be a good year for them? I don’t know what legalized gambling will do for sports cards, but it sure won’t dull interest in the sports themselves.
     
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  7. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

  8. JCKTJK

    JCKTJK Well-Known Member

    Back in July or maybe it was June a Lebron James Rookie card sold for 1.8 million dollars, it was graded a 9.5. Also this year in May a Mike Trout rookie card went for $900,000, i don't think the Trout card was graded at the time, both of the players are still playing and actually Trout was a rookie in 2012, both cards were special editions of some sort? I think there were only 25 of these special James rookie cards produced, not sure how many M Trout rookies cards there are? Both card auctions were part of a segment on a financial channel that i watched so going by memory.
     
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  9. Long Beard

    Long Beard Well-Known Member

    While at the moment sports related trading cards may be seeing a rise, yet comparative to coinage the span between peaks and valleys within the market vary dramatically. What I take away from this is popularity. Like coins, sports cards feature athletes who's popularity lasts only as long as their performance. Very few are the Joe Namath, Mickey Mantle or LeBron James sort remembered beyond their careers. Coins, on the other hand, are a more stable collectible due largely to design and eye appeal which are struck over long periods of time. Finally, while history becomes a part of both,. that of coinage will always be the greater. The Lincoln cent is the longest running series in U.S. coinage history. Since the first one was struck in 1909, this simple denomination has captivated hundreds of millions of people and sparked an interest towards other denominations and series. Could one honestly say the same about sporting cards?
     
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  10. baseball21

    baseball21 Well-Known Member

    Of course they did when mints were having massive delays and coins shows were shut down. Cards are generally cheaper to get packs of to search as well

    It passing coins is more of a result of growing popularity with cards, not a massive decline in coins.

    They aren't at all though. Many people didn't consider this to have been a real baseball season anyways, especially with silly things like 7 inning double headers/starting with guys on base in extras innings like little league/60 game season/more than half the league making the playoffs and opt outs. Same with the NFL with all the opt outs and games getting canceled. Then theres the fact that you can watch games through multiple platforms which will lower tv ratings. It didn't help either that the Rays made it to the WS as basically no one cares about them

    All sports TV ratings have been down this year and really only the NBA was an actual serious decline from them getting so political. The other leagues took some hit from them venturing into it to various degrees, but many who just decided to skip this season will come back next year when it's more normal
     
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  11. baseball21

    baseball21 Well-Known Member

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  12. baseball21

    baseball21 Well-Known Member

    It's going to be a boom for them as people will be getting much more into sports and at least some will get into memorabilia just like some PM people end up getting into numismatic coins
     
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  13. Collecting Nut

    Collecting Nut Borderline Hoarder

    I sold my cards when players replaced sports with political views.
     
  14. baseball21

    baseball21 Well-Known Member

    A Gretzky card sold for 1.29 million last night as well
     
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  15. JCKTJK

    JCKTJK Well-Known Member

    I was only 3.1 million off :D that is a lot of $ for a players Card that is not even in the Hall of Fame yet, what happens to the cards value if he were to test positive for PED's? Card values took a big hit with the Steroid scandal. At least with some coins you always have the SLV and GLD melt value!
     
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  16. baseball21

    baseball21 Well-Known Member

    If he retired today he'd be in the HOF. If he keeps up this pace hes going to end up being a top 10 player of all time and probably more like a top 4. He's already been in the league for a decade
     
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  17. TypeCoin971793

    TypeCoin971793 Just a random guy on the internet

    Those are crazy numbers, but there are far more rich sports fanatics than rich coin collectors, so I guess it makes sense? Still stupid money for manufactured rarities
     
  18. Gallienus

    Gallienus coinsandhistory.com

    The Football case is better documented. Even before covid the NFL has had declining ticket audiences.

    "But fans are now less inclined to go to games in person. Each league saw a decline in total attendance from 2008 to 2018. Fans are often unwilling to pay high ticket prices, and teams don’t seem to care, as an increasing amount and share of their revenue comes from lucrative TV contracts as opposed to ticket sales. But not all teams are losing fans at an equal rate. Some have seen average attendance declines of more than a third over the last decade."
    -- from USA Today, July 15, 2019 {note the date: before covid}

    Sources attribute this to a variety of causes
    1) higher ticket prices for satiums makes attendence lower.
    2) players increasingly making political statements and those politics are always opposed to those held by the great majority of their fan base.
    3) rise of alternative media: such as television and other online activities which capture the youth.
    4) and then came the covid which apparently really affected already declining numbers.

    Maybe as the games become less popular, less cards will be printed thereby making them rarer,
     
  19. GoldFinger1969

    GoldFinger1969 Supporter! Supporter

    Where did this card boom come from ?

    I was there when they flooded the market with tens of billions of cards in the early-1990's and crashed the whole damn market.

    It seems to be a focus on moderns and memorabilia.
     
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  20. BigTee44

    BigTee44 Well-Known Member

    Biggest bubble ever.

    Have you seen the Pokémon card craze? Nuts

    Empty shelves in all the stores for all cards. Not just sport cards.

    I believe YouTube has helped the hype. Not to mention most of these huge cards aren’t even found by buying packs or boxes, they’re all in breaks. A single person couldn’t afford to buy a box anymore.

    Box contains 4 cards but costs $5k :bored:

    not for me
     
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  21. Mainebill

    Mainebill Bethany Danielle

    I was into cards until about 1993. Then I burned out and gave up. I sold everything in the late 90s for pennies on the dollar I had quite a bit of the classic stuff from the 70s back. A couple Mantles Ted Williams etc. though not in perfect condition. The politicization of sports has made me give up completely. I was just starting to get back into the nfl until they started again. I’m forever done there. And you’re talking about someone who’s watched football since a little kid and for the last 20 years never missed a patriots game if at all possible either on tv or the radio. I may or nay not follow baseball again if there’s some normalcy same with hockey and I’ve been done with the NBA since the late 90s when players turned into thugs and gangsters. Rather than the class acts of Jordan Johnson Bird Barkley etc. that were actually educated articulate and went to play and didn’t act like someone just out of jail
     
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