2x Mahomes RPAs

Welcome to Sports Cards Insider – FREE Version. We use Moneyball tactics to discover undervalued, mispriced, and hidden gems in Fractional Investing.

Today is a deep dive into two very similar assets:

  • Patrick Mahomes 2017 National Treasures /99 RPA BGS 8.5 – IPOs 16th April on Collectable
  • Patrick Mahomes 2017 National Treasures Holo Silver /25 RPA BGS 9.5 – IPOs 19th April on Otis

What is the Patrick Mahomes 2017 National Treasures /99 RPA BGS 8.5?

This is a limited run /99 rookie card for Patrick Mahomes II. Graded 8.5, it’s on the lower end of the spectrum for these cards, though it’s impossible to say just how low.

There are 115 cards registered with BGS, which means that several, perhaps dozens, of the numbers there are duplicates. Sometimes someone will submit a card for grading, get it back, and be unhappy with the result. They’ll then resubmit the card hoping for a higher grade. Unfortunately, that results in double (or triple, etc) counting of cards. There are also 21 at PSA, so…lots of double counting.

It IPOs on Collectable 16th April for $160k with $81,125 retained equity (50.7%). Note: based on the shares available, the share price, and the retained equity, the total market cap actually comes to $160,005. Not sure what’s going to happen to the extra fiver.

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Cultural Relevance

You can read about Mahomes here. We covered him when Rally Rd IPO’ed a (/5) of these cards 5th March 2021 for $300k.

Inferred Value – < $150k

[Detailed Valuation Available to Insiders Only]

Category Strength

The sports cards category returned a 60% ROI in Q1 2021.

Subcategory Strength

[Insiders Only]

Risk Profile

[Insiders Only]

Recent Growth Trend

[Insiders Only]

Growth Outlook and Future Catalysts

While Mahomes obviously suffered a bit of a setback this year, he’s well on his way to being the best quarterback of his generation. He has a lot of room to run.

Asset Liquidity

This will have a roughly 90 day lockup period then will trade daily.

Platform Risk

[Insiders Only]

Intangibles

Too much retained equity…


What is the Patrick Mahomes 2017 National Treasures Holo Silver /25 RPA BGS 9.5?

From the same series as the card above, this is a limited run /25 Patrick Mahomes rookie card featuring his autograph and a patch of jersey. In terms of both grades and scarcity, it’s a superior card to the one above.

Graded 9.5, there are none higher even within subgrades.

It IPOs on Otis at noon 19th April 2021 for $375k and will have no retained equity.

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Cultural Relevance

See above

Inferred Value – $250k to $350k

[Detailed Valuation Available to Insiders Only]

Category Strength

The sports cards category returned a 60% ROI in Q1 2021.

Subcategory Strength

[Insiders Only]

Risk Profile

[Insiders Only]

Recent Growth Trend

[Insiders Only]

Growth Outlook and Future Catalysts

While Mahomes obviously suffered a bit of a setback this year, he’s well on his way to being the best quarterback of his generation. He has a lot of room to run.

Asset Liquidity

This will have a roughly 30 day lockup period then will trade daily.

Platform Risk

[Insiders Only]

Intangibles

During his rookie season, Mahomes II and his girlfriend were robbed at gunpoint, and his wallet was stolen. The culprit got 12 years on jail. The suspect, Michael Pinkerton, didn’t know who he was robbing. Bad luck, that.



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Author

Wyatt Cavalier

Wyatt Cavalier

With a background in finance & intelligence analysis, Wyatt has an unhealthy obsession with finding the best blue chip investment opportunities. His previous newsletter, Fractional, resonated deeply with subscribers, bringing actionable insights and unconventional trading strategies. His rare book collection specializes in banned editions. He currently lives in Spain with his beautiful wife, three young boys, and dog Monty.

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