A very intriguing player added to our hot prospects list for the ’21 season is former number one overall pick Mickey Moniak. He was drafted first overall out of High School in the 2016 MLB draft by the Philadelphia Phillies. When Moniak was drafted he was compared to Christian Yelich, an above average defender who made consistent hard contact against high levels of competition. His minor league career has been a mixed bag of results, however, that is not uncommon among players drafted out of high school. His last full campaign (2019) saw him hit .252 with 52 extra base hits in 119 games at Double A Redding. He made his Major League Debut during the COVID shortened 2020 season and many expected him to make the opening day roster for the ’21 season. While he failed to make the roster he still has an incredibly high ceiling and is still just 22 years of age. When he was assigned to the Phillies Triple A affiliate his card prices took a huge dive. He still has a very real chance to play significant time at the MLB level in 2021 and if he does, and plays well, those card values will rocket back up far and above their 2020 values when he made his MLB debut.
When looking to flip a card for a profit it is important to understand the relationship of Raw to graded. If the spread for a PSA 10 card is 5-10x the raw prices then the best avenue for maximizing profits is to purchase raw cards, grade them and then flip them when the market value increases. However, it is extremely common for players who are currently on the downtrend to have their PSA 10s hover in the 2x region. This provides excellent value in purchasing an already graded, and gem mint, condition card. We’ve been scouring auction listings looking for such steals.
-Update- We found our first big hit in the Moniak Bowman Draft Chrome Autograph market. A Green Refractor /99 PSA 10. While their are no current raw comps, the latest BGS 9.5 grades have sold for $162.50, $104.50 and $127.50. These prices are all down significantly from the 2020 season and picking up our PSA 10 for $139.99 is a huge win in our book! We can’t wait to see what Moniak is able to do with a full season on the horizon.