This.Can the OP correct the headline so it reads, Ryne?
In 1983 I was 18 years old. I bought 10 of those Sandberg rookie cards as an investment. When it came out that the there would be a Ryne Sandberg day in 2024, I decided to have the cards graded so I could sell them and cash in on my 40 year investment. Well the grades came back with two rated PSA 9, six rated PSA 8, and two rated PSA 7. The cards rated PSA 7 were worth less than the $25 I paid to have them graded. In the end, I basically broke even. I guess I should have invested that $100 in 1983 in gold or the S&P 500.I remember collecting cards as a kid. 1983 Topps had rookies of Sandburg, Gwynn and Boggs. One of my first memories of baseball cards was that set.
RIP to Sandburg and prayers to his family and friends.
In 1983 I was 18 years old. I bought 10 of those Sandberg rookie cards as an investment. When it came out that the there would be a Ryne Sandberg day in 2024, I decided to have the cards graded so I could sell them and cash in on my 40 year investment. Well the grades came back with two rated PSA 9, six rated PSA 8, and two rated PSA 7. The cards rated PSA 7 were worth less than the $25 I paid to have them graded. In the end, I basically broke even. I guess I should have invested that $100 in 1983 in gold or the S&P 500.
Probably a good rule of thumb as we teach younger generations about saving and financial literacy: when tempted to invest in baseball cards, buy gold instead.In 1983 I was 18 years old. I bought 10 of those Sandberg rookie cards as an investment. When it came out that the there would be a Ryne Sandberg day in 2024, I decided to have the cards graded so I could sell them and cash in on my 40 year investment. Well the grades came back with two rated PSA 9, six rated PSA 8, and two rated PSA 7. The cards rated PSA 7 were worth less than the $25 I paid to have them graded. In the end, I basically broke even. I guess I should have invested that $100 in 1983 in gold or the S&P 500.