1953 Topps PSA 10 Mickey Mantle IPO on Collectible App a Game Changer

[Dpeck100]

Earlier this week I learned of an app that can be found in the app store simply called Collectable. It offers the ability to purchase shares in sports memorabilia in small amounts and they become tradable. I didn't even give it consideration until I spoke with a client who has done this with art and these are registered with the SEC. I purchased $10,000 or 400 shares and after doing so spoke with him so I have an email into my manager to make sure I can finalize the purchase as I am a registered broker. I sure hope I can. This information is important because this is the layer of protection people need to make this work.

This is a game changer for the high end of the trading card market. You have many issues at play.

First most simply can't afford cards in the six figure plus price range. I read daily about people going to their safety deposit box periodically to visit their cards. While I like to see mine many don't see theirs very frequently so in this case it is non event. There is also the element of stocks and bonds where they are really just pieces of paper and so one can think of the card as just the same.

Next you have the impact of people buying high end items to break up in value. We have seen a huge surge in pack breaks and this is driving unopened up as smaller pieces are sold off at a premium. The same will hold true here.

The secondary market for shares will on many items see a surge in interest driving the cards value even higher than what it might trade at on its own. There are a lot of smaller investors that in mass can drive something to a premium vs. just a whale buying on their own.

Next you have the issue of simply investment. It is taboo with some but cards have performed extremely well and marquee items in particular. This is going to make investing in cards so much easier as the barriers to entry ala money to get the good stuff are lowered immensely. I see many people loving the idea of having an investment portfolio made up of top tier items and seeing if they can keep pace with other tradable assets.

The liquidity of being able to buy and sell without finding a natural buyer for the card is brilliant. No shipping. No worrying about if the buyer is legit. Will they return it etc.

I am very hopeful I can follow through with this purchase and others in the future. When I put in my order it was already 40% sold out in minutes so clearly others like this idea.

[luciobar1980]

Hmmm

[ocjack]

Interesting read. But wasn't something like this tried several years back and from what I remember - failed?

Also, what happens when the asset is determined to be "altered" and the grade invalidated. Does Collectable insure the asset and compensate investors if they failed in their due dilligence? Or do the shares of the asset simply go "boom?" And just as an fyi, besides your investment in this item, do you or any of your associates/family have an additional interest in this company?

Always better to ask questions up front.

Thanks.

[Dpeck100]

Originally Posted by ocjack

Interesting read. But wasn't something like this tried several years back and from what I remember - failed?

Also, what happens when the asset is determined to be "altered" and the grade invalidated. Does Collectable insure the asset and compensate investors if they failed in their due dilligence? Or do the shares of the asset simply go "boom?" And just as an fyi, besides your investment in this item, do you or any of your associates/family have an additional interest in this company?

Always better to ask questions up front.

Thanks.

I just heard about it this week. No affiliation with anyone.

I have no comment on the part about the card being altered.

You are going to see a lot of this coming I believe.

[swarmee]

Isn't this fractional thing already being done by multiple apps? I recall an Altered or PSA 1 T206 Wagner has already been divided. Once the IPO sells out, does this sale of a card for $2.5 Million get added to the PSA Auction Prices Realized website? It should, right?

Currently it's a Pop 2, but there are also 10 PSA 9s and 4 PSA 8.5s. If the Pop goes to 4, does it even register with the fractional owners? You guys have at it. It's not for me, but then, I've probably said that before.

[xplainer]

Sounds similar to purchasing stocks on CashApp.
I do this time to time and have made a little change.
Little the key word.

I guess this work on a high value card, like discussed.

[Jcosta19]

They are selling $2.5 million worth of shares for the 53 Topps PSA 10.

Seems crazy to me, but I'm no investing expert.

Also not a good sign when this is what happens when I try to go to their website.


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[bbnut]

You're not collecting anything. How about calling it "Ponzi investibles" instead?

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[brafcauknid]

Im sure some people will be into this, but not for me. First and foremost, Im a collector, not an investor, but one of the aspects I like about sports cards, comics, gold/silver etc is I like that its a tangible asset...I dont buy gold/silver shares from Rosiland Capital, and owning shares of a card, any card, has zero appeal to me...but to each their own.

[Leon]

Originally Posted by brafcauknid

Im sure some people will be into this, but not for me. First and foremost, Im a collector, not an investor, but one of the aspects I like about sports cards, comics, gold/silver etc is I like that its a tangible asset...I dont buy gold/silver shares from Rosiland Capital, and owning shares of a card, any card, has zero appeal to me...but to each their own.

+1
I don't share my food (will always buy what my SO or other wants) and I don't share my sportscards.
And a card because threads need cards.

[packs]

This hobby is about STUFF and I can't imagine being active in the hobby and not having STUFF. You'll never touch something you own the corner of and you won't really have a collection at all.

[BLongley]

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[samosa4u]

Originally Posted by BLongley

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Huh? MILLIONS of entries and Sean won? Wait, isn't he an employee at this company or knows these guys? I'm confused.

[bobbyw8469]

Originally Posted by samosa4u

Huh? MILLIONS of entries and Sean won? Wait, isn't he an employee at this company or knows these guys? I'm confused.

I don't get it. Is this for real?

[toppcat]

Originally Posted by bobbyw8469

I don't get it. Is this for real?

Only the SEC knows for sure.

[BLongley]

Originally Posted by bobbyw8469

I don't get it. Is this for real?

Yeah it’s real , Collectable posted it on their Instagram, definitely some good luck that he won. Sounds like he may have some cards he tried to list based on his comments, but he’s connected to Evan who I understand is involved with Collectable. And he certainly has been talking very positive about them , and has said “he’s in” , so maybe he owns shares of the 53T ... who knows , but he certainly seems to have some vested interest.

[Econteachert205]

This might very well be successful. Having said that I can remember what killed the fun of the hobby for me in the early 1990’s was the greed and the amount of greed I see now is pushing me away again.

[Jcosta19]

This explains the "millions" of entries and why someone who is so visibly promoting the app would be the winner, apparently that's how you get more entries. Smart contest from marketing perspective.

Looks like their 2nd offering today was a LeBron James rookie for 50K with max 5% investment and it sold out in 5hrs.

Still not for me, but wish any investors the best of luck.

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