Can you live from the purchase and sale of Pokémon cards ? For Thomas Kovacs, collectibles have become his main source of income. He lives in Zurich, and runs Amazing Toys, an online store where he sells Pokémon Trading Cards. The expert has said in a Business Insider interview how much he earns from his trades. He has also dropped quite a few tips that can help you whether you are thinking of selling Pokémon cards or if you want to start in the world of speculation .
Trading Pokémon cards can be a very lucrative business
During the pandemic, Pokémon cards multiplied their price by five . YouTube was filled with celebrities who made a multitude of videos opening boxes of cards and who invested a lot of money in this type of product. Internationally, the ones who made the most noise on the net were DJ Steve Aoki, Logan Paul and rapper Logic. In Spain, Rubius also went viral when he bought a first edition Charizard card.
Thomas Kovacs has been doing what these celebrities have been doing on YouTube since 2020, only a little bigger. Trade Pokémon and Yu-Gi-Oh cards, as well as comics. Over the past year, Kovacs has made about 340,000 Swiss francs through his online store, which is equivalent to about $345,000 . In addition, he also owns a physical store that generates another approximately $300,000 more.
Kovacs’ tips for speculating with Pokémon Cards
Instead of keeping his secrets to himself, Thomas Kovacs has shared several very interesting tips in his interview that can be useful to anyone who is thinking of buying or selling Pokémon cards .
First of all, Kovacs recommends only entering the world if you are interested in cards . He makes the comparison to classic cars. If you don’t like them, it’s hard to see their value, so you’ll never be able to see the real potential of each product. For Kovacs, if this connection does not exist, you will never know why one card is worth 20 euros and why another can be worth six figures. In addition, this information is very important for him in terms of investment. According to him, the playability of a card has quite an impact on the price. Therefore, you have to know how to play in order to invest correctly in this world.
On the other hand, Kovacs knows perfectly well that his business involves speculating on an asset, and that nobody knows the price that a specific card will have in a few years —as they say, past returns do not guarantee future returns—. To cover the risk , Kovacs is usually made with new cards as well. In addition, he considers that large amounts of money must be invested, since a small figure such as 1,000 dollars is insignificant to start.
In addition, the expert considers that if you have a very valuable letter, the most sensible thing is to keep it in a safe in a bank . Insulating the card from light and moisture, he says, will ensure that the card is worth much more in the future.
Finally, Kovacs remembers that most of the cards that pass through his hands are worth between 1 and 50 dollars . To him, they are all just a piece of printed paper, regardless of how fond he is of his collectibles.
