Your Money: August

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Do Homework to Score
Mike Huey, who co-owns H R Sports Cards on 10th Street in downtown Sacramento, concurs, but says if people are looking to make a big score in cards, they need to do their homework.     
     “Newer rarities decrease in value the longer you hold them,” he says.  “When (the National Basketball League player) LeBron James’ rookie card was hot last year, you could get $1,000 for it. Now, maybe $600.”     
     Huey, who’s been in business 15 years, has watched the hobby become expensive and confusing.       
     “I believe there’s been a loss of identity because there are so many variations of cards and sets,” he says. “New issues stay in demand for a very short time, and then when the price drops, the market is flooded.  It’s too bad.”     
     Both Huey and Anderson suggest meeting with grading services at major card shows when they’re held locally. Two upcoming shows are scheduled for San Jose, Aug. 19-21 at Westfield Oakridge Mall. Both PSA and Beckett will attend.     
     “In many cases, the grading companies will grade your card right there and give you a receipt,” says Huey. “That’s the best way, and also ensures authenticity of your holdings.”     
     As for acquiring cards for investment potential, Hoekstra says approach with caution. “There are some nuggets still out there, such as the Princess Diana card and a few others. But don’t spend more than you’re willing to lose.”

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