My First Million #136 with Jack Smith - Trading Cards and Collectables: A Deep Dive Into The Opportunities In The Space
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Dec 11, 2020 
Jack Smith, a successful entrepreneur with deep expertise in collectibles, dives into the vibrant world of trading card investing. He highlights unique opportunities like lending against cards and the rise of fractional ownership platforms like Rally Rd. The conversation also touches on the massive market size of eBay's collectibles and the exciting trends in NBA moments and NFTs. With insights on grading services and modern investment strategies, Jack shares fascinating tips for both seasoned collectors and newcomers looking to profit.
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Balancing Physical and Digital Ownership
- Displaying physical collectibles is lost with online platforms but offers convenience.
- Rally Road smartly offers share certificates to provide a tangible ownership representation.
Investing in PSA
- Shaan believes PSA, as the dominant grading authority, holds the most potential.
- They could leverage technology to improve velocity and volume.
PSA's Backlog and Opportunity
- PSA has a 3-month backlog for grading cards, with fees from $10 and up.
- Shaan sees an opportunity in leveraging technology to improve efficiency.