Welcome to Sports Cards Insider – FREE Version. We use Moneyball tactics to discover undervalued, mispriced, and hidden gems in Fractional Investing.
Today, we’re covering investment opportunities for Babe Ruth and Mickey Mantle:
- Babe Ruth 1914 Baltimore News SGC 3 IPO’ing on Collectable
- Mickey Mantle 1953 Topps PSA 8 IPO’ing on Collectable
Insiders get one dedicated email for each asset with more analysis, comps, and full valuations. We also give the AA Verdict for each card: a straight up Yes or No. Free members only get a weekly roundup.
Table of Contents
Babe Ruth 1914 Baltimore News SGC 3
About the asset
This is an SGC 3 graded copy of a 1914 Baltimore Sun Babe Ruth pre-rookie card. There are no more than ten out there, and none of the cards in the SGC registry are graded higher. Probably the best copy is a PSA 4 that last traded in 2005 for $243k.
The tweet below, and Collectable’s responses may be of interest.
For anyone interested in the $6m 1914 Babe Ruth set to IPO on @CollectableApp 15th August, some key points:
— Wyatt Cavalier (@itiswyatt) August 11, 2021
⚾️ The owner retains 99% ownership.
⚾️ He can buy back the remaining 1% whenever he wants by paying a 25% premium on last traded price. pic.twitter.com/LnLg3o4QXa
For this asset, Insiders also learned:
- Projected growth trend
- Full valuation
- Asset class volatility
- Our verdict on the asset as an investment
About the drop
This asset will drop on Collectable 15th August at 8pm EST. The market cap is $6m and there’s 99% retained equity.
Add IPO to calendar
About Babe Ruth
Babe Ruth is one of the top one or two baseball players in history nearly 100 years later, and he’s also one of the top one or two most collectable players in the game.
Recent sales history and Valuation
CardLadder values it at $5,675,237.
[Insiders get a more detailed valuation]
Inferred value is $5,675,237
Verdict
We recommend this drop despite the many problems I have with it structurally (see the tweet above). In general, I think there are more forces pushing this card’s share price higher than lower:
- It’s only $3/sh, which makes it easy to go to $5/sh without anyone thinking very hard about it.
- I don’t think Collectable would let it go below $3 in the secondary market.
- The owner has the right to buy it back at (the higher of) the IPO price or the last trading price +25%.
Mickey Mantle 1953 Topps PSA 8
About the asset
This is a PSA 8 graded copy of Mickey Mantle’s second-year Topps card. There are 94 graded PSA 8 with 12 higher.
It’s probably Mantle’s second-most important card after the 1952 Topps, and it’s tough to find one in good condition. The centring was awful, the red bottom chips, and it’s easy for blemishes to become an eyesore on the close up of Mantle’s face.
Collectable exited one of the two known PSA 10s for $3.1m.
For this asset, Insiders also learned:
- Projected growth trend
- Full valuation
- Asset class volatility
- Our verdict on the asset as an investment
About the drop
This asset will drop on Collectable 12th August at 2:30pm EST. The market cap is $98k and there’s no retained equity.
Add IPO to calendar
About Mickey Mantle
While not the best baseball player of all time (most think he’s not in the top ten), he’s one of the two most collectable players (Babe Ruth). We’re written about Mickey Mantle extensively if you’d like to refresh your memory.
Recent sales history and Valuation
CardLadder values it at $134,629.
