Fenway Park Boston show last weekend, my feedback on repacks. There was at least 3 tables there, they brought ZERO inventory with them, stacked up 10 stacks of $10,000 $100 bills. Had a hand-written sign that said "Buying, 95% of comp" and people we LINED UP to sell huge amount s of product to these folks and the dealers were MAD because they cant buy at 95% of comp. They were just buying and buying and they freely admit they were for re-packs and breaks. They even handed out cards showing where their re-pack breaks are sold and advertised "Get a card you dont want, we will buy it back"

@DanTheCardMan2

Ай бұрын

Same story I’vebeen told about dozens of other shows

@RamsHouse99

Ай бұрын

Honestly a great business tactic and sounds like solid dudes.

I still can’t get my head around who is buying these repacks, gamblers bet to win big, 90% of modern sports cards are junk and then there’s the hassle of moving them on. I just don’t see how even gamblers are getting a fix.

@jaredmay8456

Ай бұрын

Gamblers don't need to hit big to get thier fix.They just need to have the "chance". Even if they are down thousands of dollars,one minor payoff on one particular gamble makes it worth it to them and they will chase that dopamine hit no matter how much in the hole they are.

@collectapaul

Ай бұрын

@@jaredmay8456 maybe I’m just not wired that way but for gamblers there must be better ways to get the fix over sports cards like sports betting and then there’s less hassle in moving on assets. I’m quite possibly underestimating the ‘community’ and ‘show’ you get with breaking open repacks that some grifter has made up.

INDUSTRY NEEDS HEAVY REGULATION DECADES AGO!!!

@user-hm5zb1qn6g

Ай бұрын

regulating cardboard? Seriously? Be an adult.

Serious question...who the f*ck buys repacks?

@SkinnyVinnie

Ай бұрын

That’s what I’m saying, I know no one. I think it’s a big circle jerk with each other buying from each other.

@collectapaul

Ай бұрын

Literally just asked myself the same thing.

@DanTheCardMan2

Ай бұрын

I buy one or two a year for fun but I don’t know anyone who buys them consistently.

@will-grier-investor

Ай бұрын

Smart investors like me!!!

@jackemerson1171

Ай бұрын

Morons

I can't wait to see cards at $6 a box again. Just like the 90s! FLEEER!!!!

@bennybreaks702

Ай бұрын

I miss watching those QVC shows. RIP to Don West...

@TheVgaTV

Ай бұрын

I'd be happy with $6 packs again. I don't want to spend a mortgage payment on a box of cards, I want to pick up a pack while I'm shopping for a new spatula at Target.

@thewolfshirtguy

Ай бұрын

this has to be their last kick at the can in the hobby

@TheVgaTV

Ай бұрын

@@thewolfshirtguy I'm already seeing the collapse at every card show I go to. outside of the vintage guys, every single booth is essentially the same thing, overpriced "color and numbered" cards that are the same show after show after show

@thewolfshirtguy

Ай бұрын

@@TheVgaTV yeppp lol, I find it funny when someone pumps an orange or teal or purple orrr what ever, and especially when they are numbered to 199 or 499 orrr whatever, and the table next to them has the same things like you said 🤣 These last few years will probably cost a generation in the hobby. This era will be almost like a fad when you were younger but now laugh at. Mostly because the business side has taken over and some people did not get into sports cards or trading cards because they were cool to them and they liked them.

This "hobby" will survive just fine without repackers, as it did for decades prior to their emergence. If dealers or repackers get stuck with inventory the prices will come down on their stock or these dealers will die on the vine. When prices come down the actual card collectors will benefit, as it should be.

@user-je1jb4vd5j

Ай бұрын

It will survive but people will lose a lot of money

I feel like we are in a massive bubble. This rate of buying-buying-buying can't be sustainable. Do you see a breaking point? A collapse? Something has to give some point. Maybe like you mentioned, regulation comes in and just kills it.

@DanTheCardMan2

Ай бұрын

Something has to give for sure. It keeps getting propped up by repacks and Rubin etc

Yup it’s coming for sure. I might actually have to turn the camera around on myself and piggy back on this one. Great video, Dan

@DanTheCardMan2

Ай бұрын

Go for it!

If repackers disappear that is the best news for collecting in years. It drives prices down which is a huge win for collectors. The only losers would be the bad guys--flippers, speculators, investors, breakers etc

@DanTheCardMan2

Ай бұрын

Best news long term imo

I commented a year ago that breaking was unlicensed gambling. I drew the parallel to online poker in 2000-2011. Everyone was waiting for the government crackdown - which eventually came. In the US, they build a case slowly and get into a position to try to shut down billion dollar businesses and collect penalties from the owners in exchange for avoiding jail time.

@user-hm5zb1qn6g

Ай бұрын

Jeezus you're naive. The US govt got involved because they got lobbied by Big Casino, which were losing money to offshore sites. They weren't protecting you, the shmoe gambler.

I think people have enjoyed the boom, but I think people would be wise to think about what if my collection loses 50% overnight, would I be ok with that. If not maybe we should change our mindset now to only buy what we love or plan to hold on to no matter if the cost goes up or down, it’s the smartest play right now imo. Even if regulations do come down, fanatics and panini’s greedy overproduction of products should already be a sign that we are heading for a market correction and prices should tumble.

@DanTheCardMan2

Ай бұрын

Well said mate

@Philly_PhillyCards

Ай бұрын

LOVE THIS PLAN. I got into the hobby at the height of 2020, didn't go crazy because it was first experience with cards being more then $50 a hobby box lol but I'm happy I didn't go crazy, the past year or 2 I've only been buying my favorite players and even that is tough because of A)I LOVE the best players on my teams aka Harper, Maxey, Hurts...but I have at least a few of each

Repackaged wax is a rip off and wish I'd have thought of it. I could have a fancy wax pack and box, put in all my older 70's cards with a few good ones now and then valuing around $75, sell it for $129 and make a killing dumping a lot of cards at one time instead of trying to sell them one at a time. Ingenious was to make money as people will gamble to think their gonna get one really valuable card.

Not scared at all let them go away all they buy is the over priced over printed ultra modern bs anyways. They don't go after what I do

As a store owner with a lot of online sales. On the back end I get to see the checkout process for each order. The amount of buyers having to go through three or four credit cards before finding one that works is troublesome. People going in serious debt over a hobby. Maxing out multiple cards

@DanTheCardMan2

Ай бұрын

Damn, not good

Thx Dan, pretty much spot on but this trend/fad will eventually fade away one way or another. Then another fad will start up and its rinse, wash repeat. More collecting, less gambling in the hobby.

One question with regulation on repacks is does it apply to sealed manufactured product as well? There is also a gambling aspect of sealed product purchased outside of breaks. Breaks take the higher-cost gambling risk of a sealed product and distributes it among all the gamblers/collectors in the break. This makes gambling the more accessible (cheaper). You mentioned the growing gap in value of the repacks in comparison with their contents, but we see the same thing happening in new sealed products as well. Plus the regulation would probably have to cover gaming cards. Seems like regulation could be a convoluted process but it would certainly turn the hobby on its head.

@DanTheCardMan2

Ай бұрын

I think it comes down to how the things are sold. Manufacturers are required to state odds amongst other things. I think the nature of how they are sold is what constitutes gambling

Repacking looks ideal to money laundering

Any collector with any common sense wouldn't buy a repack. I will continue to look for deals on my PC guys that I collect. It wont affect my hobby experience. The hobby shouldn't be about gambling.

@DanTheCardMan2

Ай бұрын

Repacks are fun here and there but it’s madness atm

Solid video brotha, thanks and glad to hear all is good with the newborn

@DanTheCardMan2

Ай бұрын

Appreciate it

Hey Dan, I was curious about King Of Kards. Do you know if he sells out to repackers? All I see is videos of him buying massive amounts of big cards at shows. He comes off as a super authentic guy who came up from the bottom yada yada. I appreciate what guys like you and the fellas at Sports Card Radio do to shine a light on the roaches in this industry. Cheers

@DanTheCardMan2

Ай бұрын

I am not totally sure tbh. I don’t follow him all that closely but I can check it out

TBF, the gambling also starts at the source. Packs directly from trading card companies are also a form of gambling - just like video game loot boxes. So if regulators get involved with breaking, etc, will they go further up the food chain?

Honestly with Fanatics coming in with their EGO on the TOPPS products I think it's time to quit buying and let them close shop............

I haven't seen any repcker paying over comp. 85 and 90, yes. All the junk being produced today is exactly that - junk. No idea who all these people are going all these repack breaks, nor do I care.

Congrats again on the baby!! I have 2 little ones myself, best time of my life but yes exhaustion every day lolol

@DanTheCardMan2

Ай бұрын

Yes! Thank you!

Congratulations on you and your family's new addition. God Bless and get those naps in when you can!

@DanTheCardMan2

Ай бұрын

Thank you so much!

@blixcards

Ай бұрын

@@DanTheCardMan2 You bet!

I don't think it'll effect price if repackers die down or go away. Comps come from ebay anyways. However I believe it'll slow down the raw card prices. Most raws now are the same price as a PSA 9 which is insane. I don't see it as gambling because you're still getting something and it's for a hobby, not for a monetary entity. It's up to the new card holder if they want to sell it or not. My thoughts are the same on breaking. It's definitely a slippery slope and I can see both sides of the argument. But for me, as someone that lives in the gambling capital of the world, I don't see it as such.

@DanTheCardMan2

Ай бұрын

It will definitely impact pricing in some capacity if their liquidity dries up at shows.

Anyone know any repackers I have alot of MLB CARDS AND BASKETBALL CARDS AND FOOTBALL CARDS FOR THEM

I’m not worried about regulations too much..the government has way bigger issues on its plate. I’m more worried about people getting tired of it and leaving the hobby and general economic conditions sucking the money out of the hobby. Repacks can’t sell to broke people. $150 Prizm hobbies are looooong gone and people can’t/wont pay $1000 for one knowing they’re gonna get kicked in the dick. I’m not worried about regulation, I’m worried about the greater economy. We’ve already seen it in China, their problems sucked a lot of money out of the basketball space. What next?

It's about time the ultra-modern market got straightened out. People who overpay for these shiny sparkly cards know the risk, or they should, after the most recent bubble burst.

hope all these re-packers are at the national TBH buying at 95% comps i got a shit load to sell nothing personal just pure business

Whos buying repack other then possibly kids or new collectors. Only ones I would even consider is hitparade but there bit sketchy sometimes as well

Nobody forces anybody to buy repacks. If somebody is goofy enough to waste their money that way, let them. Who cares.

At the end of the day, sports cards is small potatoes. Regulation is not on the horizon. That said Fanatics will never go public - the business model will not pass muster. We talk about a market but it is not a market. True liquidity is nil. In rare coins and art, to choose two fairly mature collectibles markets, fire sale liquidation of the biggest collections in the world into the 100's of millions of dollars would find buyers immediately at 50% of market. If a few sports cards collections valued at 10m came on the market fire dale would yield 10% or less.

Government stepping in never helps anything!

@johnwayne9828

Ай бұрын

If the hobby wont police itself when it comes to the MANY shady people and practices currently involved, then there may be no other alternative.

I will believe the industry will get regulated when the government actually starts regulating battle packs, ultimate madden, and any other randomized microtransaction garbage in video games nowadays that are marketed to kids. Should it happen, yep. Will it happen, probably not.

While I do feel something needs to be done, I'd personally prefer to see something being done by the businesses themselves. Not only does that give them a good public image, it also means less government interference because the government already screws up enough things we don't need them in f'ing this up.

@DanTheCardMan2

Ай бұрын

I agree and is something that I’ve talked about multiple times.

@BinSimmons

Ай бұрын

@@DanTheCardMan2 like just imagine Biden or Albo being involved in the hobby.

but...for the...hobby? price doesn't matter....right? Get out now or get left holding the bag.

@DanTheCardMan2

Ай бұрын

You can still participate and have a lot of fun, just don't be stupid

Regulation is going to drive prices up and people out!

@DanTheCardMan2

Ай бұрын

Prices are pretty much at that point already

I will Break a lot of Hearts here, but it is the Truth. Along with Repacks and shady stuff around the Hobby what is going to Kill sports Collecting the Most is When it comes out that sports are just as scripted as Movies/WWE. I also used to think no way sports could not be Rigged but they are not Legitimate at all, and their scripting process is similar to WWE. Sports are not about Best Athletes and Best Teams. They just like EVERYTHING else on TV are Manipulated due to Ratings and Revenue. And The Storylines reflect it. It's Time We All Grew Up and faced Facts on this.

Come on Dan , I give you credit for using way more logic than the Sports Card Radio clowns , but this video sounds like it came straight from them. Sports card breaking is far different than gambling. That’s like saying buying art , investing in stocks , any sort of speculative purchasing is considered gambling.

@DanTheCardMan2

Ай бұрын

Investing in stocks is a regulated industry. The art of collecting cards is highly speculative but the focus of this video was more on the process and lack of controls around the selling and handling of repacks. Given these guys are pumping so much money into the hobby, if the government were to place strong restrictions on how these products are sold, some of them may leave the industry, meaning less liquidity, more people left with bags and potentially a decline in demand industry wide (if these people really are spending millions upon millions)

When LMCT+ gets done with their billion dollar raffle business then the rest of the dominos will follow . Too many bigger fish to fry before the breaker / repacker / card community gets looked at for the “gambling” culture

Regulations are just around the corner.... my bold prediction... mass exit of the card hobby by spring 2025

@DanTheCardMan2

Ай бұрын

Rubin will prop it up, it will continue to mask these issues and build that bubble

Good comparison. Just like the mortgage backed securities. They bundled bad loans with a couple decent ones. Just like every repack.

@DanTheCardMan2

Ай бұрын

Yup!

bruhh Would you sell your card at 70% of comps or 95% of comps? Theres your answer.

If you’re in this hobby to actually collect, just wait to buy because the market is crashing. If you’re in it for the money, sell everything you have NOW!

@RamsHouse99

Ай бұрын

AGAIN!? 😂

First. Who else smoke 420?

@DanTheCardMan2

Ай бұрын

😂

The TCG card market is just as bad. These markets are in hyper bubbles now. Kids have been priced out of sports cards and TCGs. These are essentially nothing more than glorified toys. Without kids interested in the hobby from a young age, the entire hobby will be destroyed and theres no kids colleting any type of cards nowadays unless their rich daddys are financing them!

@DanTheCardMan2

Ай бұрын

TCG concerns me. I love to collect it but it seems beyond artificial atm.

@tokertalk9648

Ай бұрын

@@DanTheCardMan2 Magic cards popped so high i sold off my entire collection! There's these gold bordered cards i was picking up 10 years ago as a cheap alternative to play the commander format with friends. I was picking most up for 1 to 10 bucks a card and got rid of some in 2021 for hundreds and in a couple cases thousands per copy. Yeah there's definitely nothing natural about that type of price movement. Nowadays more people play with proxy cards because the game peices are so out of reach.

@DanTheCardMan2

Ай бұрын

@@tokertalk9648 the gold ones are the collector set right? The ones that came in a box with reprints of the alpha set etc?

@tokertalk9648

Ай бұрын

@@DanTheCardMan2 Yeah, those are the ones. I was picking them up for next to nothing back in the day. LOL i picked up 2 playsets of the timetwisters they went from about 10 bucks a copy to 1500 a copy. Never in my wildest dreams did i ever expect to buy a used car from those when i picked them up LOL

@DanTheCardMan2

Ай бұрын

@@tokertalk9648 Was Rudy the buyer lol

It’s either all gambling or it isn’t. Stop cherry picking. There is literally no difference between a kid buying a $35 blaster or a $35 random team. Pretending like there is is just splitting hairs. This industry that is absolutely loaded with fees already doesn’t need any more baked in costs (i.e. taxes) Regulation doesn’t stop anything, it just makes it more difficult for people who wanna be legit to operate.

@DanTheCardMan2

Ай бұрын

It’s all a gamble but as I discussed, there is a clear distinction between how a product is sold via a brick and mortar and how products are pedalled on these platforms. It’s crystal clear.