How Does the Value of Sports Cards Get Determined?

Rarity

The first area used in determining a card's value is the rarity of that card. The 1909 Honus Wagner T206 is the rarest card ever, with only 50 cards ever making it to market. Only a few remain to this day, resulting in a market value of approximately $1.2 million.

Condition

Cards are graded by condition. Mint is the highest rating, meaning that there are no flaws, defects or damage to the card. The scale steps down to near mint, very good, good, fair and poor. Each level has specific levels of wear damage on which it is graded. Independent labs, such as Beckett, provide grading services to certify the condition. Grading is essential for sellers of expensive cards.

Performance

During his 1998 record-setting season, Mark McGwire's 1985 Topps rookie card increased in value exponentially. Prior to the season, the card was valued at $15. By the end of the chase, collectors were paying in excess of $2,000 for a mint version of the card.

The person on the card and how well they play has everything to do with the value of the card.

Resources

• Beckett Sports Card Grading