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The Coronavirus outbreak has caused widespread panic even though the facts may not be as daunting as the media makes them appear (The facts on coronavirus aren’t all scary. So why so much fear?).
This could end up being a great buying opportunity over the next few months for savvy sports card investors. Here, we examine how it will impact your card buying investments and discuss which cards you should buy.
Whether we like it our not, the Coronavirus is going to suppress economic activity and will most likely bring down the value of sports cards or at a minimum stop the mind-blowing ROI we have seen over the last few years.
Either way, it is somewhat a positive thing for the card market. We suspect it was overheating and a bubble may have been forming. Hence, a slight pull-back is not necessarily a negative occurrence.
So, how are we going to approach the next few months in regards to card investing?
Buy strong blue-chip like cards. Think the 1989 Ken Griffey Jr. Upper Deck Rookie Card, Michael Jordan Fleer Rookie Card, or Mike Trout Rookie Cards. Now is not the time to take a risk on unproven names like Wander Franco or Kyler Murray rookie cards.
Here are cards we would have no problem buying over the next few months while the Coronavirus is in full swing.
- 2011 Topps Update Mike Trout #US175 (buy on eBay)
- 2009 Bowman Chrome Refractor Mike Trout ROOKIE CARD (buy on eBay)
- 1993 SP Foil Derek Jeter Rookie Card (buy on eBay)
- 1989 Ken Griffey Jr. Upper Deck #1 (buy on eBay)
- 1954 Topps Hank Aaron Rookie Card #128 (buy on eBay)
- 1952 Topps Mickey Mantle #311 (buy on eBay)
- T206 Ty Cobb Red Portrait (buy on eBay)
Here are some popular, high risk/high reward rookie card names we would avoid until this thing blows over…
- Kyler Murray
- Luis Roberts
- Gavin Lux
- Josh Jacobs
- AJ Brown
- Wander Franco
Just remember… this too shall pass and the sports card market will be back and better than ever.
What are your thoughts? Are you buying or selling into the Coronavirus? Comment below…