You read that title right.
A baseball card is set to sell for $1,000,000 in June.
J. Ross Greene of Atlanta will sell his T206 Honus Wagner baseball card through SCP Auctions in California in June.
The most expensive one went for $3.12 million last year.
You’re probably wondering what this baseball card is and why it’s so valuable.
Who is Honus Wagner and why is his baseball card worth so much?
According to Wikipedia:
Johannes Peter “Honus” Wagner; (February 24, 1874 – December 6, 1955) was an American baseball shortstop who played 21 seasons in Major League Baseball from 1897 to 1917, almost entirely for the Pittsburgh Pirates. Wagner won eight batting titles, tied for the most in National League history with Tony Gwynn. He also led the league in slugging six times, and in stolen bases five times. Wagner was nicknamed “The Flying Dutchman” due to his superb speed and German heritage. This name was a nod to the popular folk-tale made into a famous opera by another Wagner.
In 1936, the Baseball Hall of Fame inducted Wagner as one of the first five members. He received the second-highest vote total, behind Ty Cobb and tied with Babe Ruth.
That tells us who he is but it doesn’t tell us why his baseball card is so valuable.
This video gives us a better idea. You’ll have to look past the annoying presentation.
There only a handful of Honus Wagner cards in the world so it is extremely rare.
And J. Ross Greene’s card can be traced back to all three of its other owners.
The rarity of the card makes it so valuable.
Return on Alternative Investments
J. Ross Greene purchased the Honus Wagner in 1996 for $48,500.
That’s a lot of money for a baseball card but his gamble paid off.
If he sells the card for $1,000,000 in June, he will have made a 15.5% annual return.
That’s a solid investment. I doubt you will make that in the stock market.
So what does he plan to do with the money?
Greene says he plans to use the profits from the card to help fund the education of his eight grandchildren.
That’s a really nice grandpa. I hope the grandchildren appreciate this.
Alternative investments can be an interesting way to make a return but you have to know what you are doing.
J. Ross Greene is an avid baseball card collector so he knew what he was buying when he paid $48,500 for the Honus Wagner.
So he knew it was rare.
And that’s what makes alternative investments valuable.
Have you ever purchased an alternative investment?
Let me know in the comments below.
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