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“Fool’s Gold” – 2013-14 Panini Gold Standard Doesn’t Add Up

I had such high expectations for Panini on a product that is retailing at $180 a box & $1,800 a 10-box case that I felt it would be enjoyable and worth a gamble backed by a quality brand. Yet I felt empty after busting my case on-line as each box felt it was lacking in over-all value. So I listed all of the cards (hits, base & redemption) I got out of the 10 box case and below you will see the final results per box. (*I didn’t subtract sales fees or shipping costs…these are straight up sold for prices)

2013-14 Panini Gold Standard Basketball
Box Price Sold Profit/Loss Key Hits
1 $180 $59 -$121 Demar Derozan Gold $20
2 $180 $113 -$67 Kevin Durant Gold /20 $90
3 $180 $58 -$122 Joakim Noah Auto /25 $20
4 $180 $40 -$140 Kelly Olynyk Auto GU RC $10
5 $180 $194 $14 Scottie Pippen Auto /49 $165
6 $180 $53 -$127 Damien Lillard /49 $13
7 $180 $21 -$159 Pau Gasol Game Used $9
8 $180 $35 -$145 A.Davis / D.Lillard Insert /49 $12
9 $180 $193 $13 Dion Waiters Patch /7 $122 & Magic Johnson Auto Redemption/49 $52
10 $180 $45 -$135 Cody Zeller Auto GU RC $17
Totals $1,800 $811 -$989  

7 out of the 10 boxes I lost more than $120 on each and the 2 boxes I was able to basically break even on required the major hits of the case. Just to be clear I never break expecting to make a profit. I am a collector at heart and if I have fun in the experience and come across a few cards for the Personal Collection along the way then all the better.

At the same time I don’t expect to lose a $1,000 and not even pull a card for my PC than I can get excited about. There is no “fun” in that experience.  With 8 redemption cards out of 10 boxes…and duplicate autographed rookies (*See my Initial Reaction Post) Panini should be more careful in how they collate the value into their cases so that one collector or even one retail store doesn’t get such a poor case in regards to value.

Perhaps Panini was mining the Gold for themselves or we must have very different definitions and standards.

gold

3 thoughts on ““Fool’s Gold” – 2013-14 Panini Gold Standard Doesn’t Add Up”

  1. One of the reason Panini received the NBA license was due to their ability to increase interests in the NBA card collecting…I.e. Bring kids into collecting but money appears to be their main objective as they produce high end products like Immaculate, Flawless, Gold Standard etc.

    1. I agree Joe Demelo…In my experience exclusives are very similar to monopolies and those are never good for end-users in regards to innovation. Imagine if the first mobile phone maker had an exclusive…you wouldn’t have seen an iPhone…and now iPhones are facing lowering prices and improved capabilities from their competitors. So it keeps everyone pushing the envelope and in my opinion making better products. With no competition they have a captive market for NBA licensed card collectors.

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