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ARE BASEBALL CARDS MAKING A COMEBACK

Baseball cards have had an interesting history since first being introduced in the late 1800s as a promotional marketing tool for various chewing tobacco products. They grew in popularity throughout the early 1900s and really hit their peak in the late 1980s. From the 1990s onward the baseball card market steadily declined for over two decades. Now in recent years, there are signs that baseball cards may be making something of a resurgence and comeback.

There are several factors that help explain the decline baseball cards experienced starting in the 1990s. One of the biggest was the rise of new hobbies and collectibles that captured people’s interest, such as Pokemon cards, Magic: The Gathering cards, and sports memorabilia. These new collecting crazes took attention and money away from traditional sports cards like baseball cards. Another major reason was the advent of new technologies. As video games, the internet, streaming services, and social media increasingly captured people’s leisure time, card collecting became less of a popular pastime for many. The sports memorabilia and collectibles market also became saturated with mass produced items, making individual cards less unique and desirable.

At the same time, many of the megastars that drove huge collector interest in the late 80s either retired or were nearing retirement in the 90s, such as Ken Griffey Jr., Barry Bonds, Cal Ripken Jr, and Mark McGwire. Younger stars coming up didn’t seem to capture the collecting public’s attention and nostalgia in the same way. Also, many felt the kid-friendly boom of the late 80s attracted a lot of casual collectors who weren’t truly dedicated long-term. Once the boom cooled, many lost interest. Meanwhile, large box stores like Walmart also squeezed out the traditional mom & pop card shops that were once a social hub for the hobby. Changes in packaging, with fewer desirable per-pack inserts, also turned people off.

In the late 2010s several converging factors started nudging baseball cards back toward a potential comeback and resurgence in popularity:

A new generation of young stars emerged like Mike Trout, Christian Yelich, Cody Bellinger, and Shohei Ohtani who started attracting fan and collector interest. People were eager to get cards of these up-and-coming aces early.

Nostalgia for 1980s/90s cards grew as kids who collected then were now adults with more discretionary income. Platforms like Twitter allowed rediscovery of passion.

The internet made buying/selling cards much easier vs hunting in stores. It eliminated barriers and opened huge markets. eBay became a hit.

New TV deals and analytics renewed some interest in the sport, which trickled to cards again becoming more visible in stores.

Pop culture intersects like the movie “The Catcher Was a Fraud” helped promote cards to wider audiences beyond hardcore collectors.

Higher profile cashes of rare vintage cards at auction, such as a 1953 Topps Mickey Mantle selling over $2M, sent a signal about potential future value and began luring new investors.

Independent brick & mortar shops specializing in cards began popping up once more, replacing old LCS’s (local card shops) but with a modern online/social presence. Events like the National brought people together.

Companies like Panini and Topps regained relevance vs baseball giants like Upper Deck in the late 90s/00s by securing coveted NFL and NBA licenses and promoting new products appealing to both old/new demos.

The intrinsic nostalgic appeal of uniquely American, visually nostalgic baseball cards remained strong despite decades of ups and downs. People will always want to collect memories of their childhood heroes and the historic players they’ve heard legends about. As long as baseball exists, so will cards.

While online markets for cards have boomed, there are also signs the in-person, bricks-and-mortar card shop side of the hobby may still have room to grow further in certain areas. As pandemic restrictions lift, stores could see traffic shoot up from currently pent-up demand if they can maintain relevance beyond just selling single cards. Events, grading services, breaks, advice & player talk are what built communities in the past. A balance of digital/personal seems key. Vintage/investment cards may continue leading collector interest, but affordable modern sets for kids remain vital too. If baseball itself can maintain or build new young fan engagement, and iconic stars emerge who become widely beloved, baseball cards overall seem to be on an upward trajectory after two decades downturn. The comeback seems to be taking shape.

While several factors contributed to baseball cards declining in popularity from the 1990s onward, there are clear signs in recent years of a resurgence and comeback starting to take shape. Increased accessibility and visibility online, new young stars capturing attention, nostalgia from original collectors who are now adults, intersecting pop culture moments promoting cards, and the intrinsic nostalgic appeal keeping baseball cards relevant even in down cycles all point to the hobby gaining steam again. If shops can maintain their modernized vital role bringing communities together and the sport of baseball continues generating new superstar talents, baseball cards appear likely to continue finding new generations of fans and collectors interested in this quintessential slice of American sports culture and memories. The future certainly looks brighter than the downturn of the previous 20+ years. Baseball cards seem to be making something of a successful comeback after all.

WHEN DID FLEER STOP MAKING BASEBALL CARDS

Fleer started by focusing on boxing cards but gained significant success after entering the baseball card market in 1956. They debuted their first post-war baseball card set featuring current players that year and became the first serious competitor to long-dominant Topps. Fleer’s innovative design choices and photography helped make their sets highly popular with collectors. Throughout the 1960s and 70s, Fleer was able to carve out around a third of the baseball card market share as they dueled with Topps annually to sign players to contracts and release new sets. Fleer pumped significant resources into signing star players and developing premium young talent to attract collectors.

Some of Fleer’s most famous and iconic early sets included the 1957 rookie card run which featured future Hall of Famers Willie Mays, Mickey Mantle, and Hoyt Wilhelm among others. They also debuted the first-ever card featuring an active player in color in 1961 with a Nellie Fox card. In 1981, Fleer scored a huge coup by signing a licensing deal with the MLBPA to use active players’ names and likenesses after Topps’ exclusive deal expired. This allowed them to issue highly successful sets in 1982 and 1983 that threatened Topps’ dominance.

However, Fleer began facing serious financial issues in the mid-1980s as the trading card industry began an eventual downturn. After nearly going bankrupt, Fleer was bought by cardmaker Mediatech (later Leaf) in 1990. They changed hands a few more times, being owned by Fleer Brands and then The Topps Company. Throughout these ownership transitions, Fleer struggled to keep up with the rapidly changing sportscard landscape. The market was flooded by competitors and new products like memorabilia cards. Meanwhile, young collectors were migrating to different hobbies and fads.

By the mid-2000s, Fleer had shrunk to a small share of the baseball card market. Their last major license was for NBA products which ended in 2001. Unable to compete on contracts or innovate enough, Fleer released its final baseball card set in 2007 to lackluster sales and fanfare. They were unable to bounce back from overproduction that led to plummeting resale value and collector disinterest. Later that year, Fleer shuttered completely after failing to find a buyer, bringing an end to the iconic brand’s long and memorable run producing America’s favorite collectible.

While Fleer cards of the ’50s-‘80s remain very popular with nostalgic collectors, the company fell victim to the same challenges that saw the overall baseball card industry contract over 90% in value between the 1990s and 2000s. Without a return to profitability, the storied cardmaker eventually faded from existence after half a century creating memorable cardboard for fans. Fleer made an indelible mark during its peak that baseball card aficionados still appreciate today, even if the company itself was unable to survive the turbulent trading card industry evolution.

IS PANINI MAKING BASEBALL CARDS IN 2023

Yes, Panini America will be producing baseball cards in 2023. Panini has held the exclusive license to produce stickered/memorabilia baseball cards since 2020 after acquiring the license from Topps. Their multi-year licensing agreement with Major League Baseball is set to continue into the 2023 season and beyond.

Panini has experienced significant growth in their baseball card business since taking over the MLB license from Topps. In 2022, they released numerous baseball card products across all levels of the hobby from value packs up to high-end memorabilia boxes. Some of their biggest 2022 baseball card releases included Prizm, Absolute, Contenders, Flawless, and National Treasures. These products all featured the latest rookie stars like Baseball Rookie of the Year Julio Rodriguez as well as superstars like Mike Trout, Shohei Ohtani, and Albert Pujols.

Panini’s baseball card products in 2022 received mostly positive reviews from collectors and the secondary market performed well with hot rookie cards and autographs holding strong premium prices. The success of their 2022 offerings and continued growth of the overall baseball card market indicates that Panini will double-down on baseball card production and release an even larger and more wide-ranging baseball card season in 2023.

In preparing for the 2023 season, Panini has already begun securing licensing rights and partnerships with individual MLB teams and players associations to feature logos, uniforms and player likenesses in next year’s releases. These include multi-year extensions of deals with the MLB Players Association which allows Panini to use active player names and stats on cards. Panini will also continue individual licensing agreements with most, if not all, 30 MLB franchises. Securing these vital licenses well in advance gives Panini the green light to fully design and manufacture their 2023 baseball card lineup.

Based on past release schedules and product cycles, hobby insiders and trade experts fully expect Panini to roll out their 2023 baseball card previews and releases starting in late 2022 and ramping up big in the early part of 2023. Some of the first 2023 baseball cards to likely surface will be in the form of teaser cards, box-toppers or early releases inserted in some of Panini’s late 2022 non-sports products. The official widespread retail and hobby store release period for Panini’s 2023 baseball cards will then run from January all the way through the MLB season and postseason until around December 2023.

In that release window, industry sources anticipate Panini bringing back their core flagship baseball brands like Prizm, Flawless, Contenders and Absolute again in 2023 but expanding the product lines with more parallels, memorabilia cards, and autograph variations. Panini will also seek to further grow interest in lesser known rookies and prospects with products geared towards the farm system level similar to how they elevated Logan White, Gunnar Henderson and others in 2022. Additional memorabilia-focused releases like National Treasures that smash MLB records are also expected again.

Panini’s 2023 baseball card product lineup will carry higher overall print runs and wider distribution than years past as they continue maximizing their MLB license. Retail availability is forecasted to get another major boost with Panini baseball blasting out to even more big box retailers, drug stores and large national hobby shop chains beyond just the currently stocking locations. Widescale distribution at this level supports loftier production plans for 2023 baseball cards compared to recent seasons under the Topps regime.

Of course, any long-term forecast for 2023 and beyond assumes Panini maintains the confidence and backing of MLB itself through ongoing rights negotiations. But all signs currently point to a strengthening relationship there as Panini has proven itself a more than worthy steward of baseball cards during their license tenure thus far. Barring any unforeseen circumstances, baseball industry insiders unanimously expect Panini to go full steam ahead with their most extensive baseball card year yet across the board in 2023.

In summary – yes, based on everything we know about Panini’s MLB license holding, past release patterns, secondary market performance under their operations thus far and expectations across the trading card industry, it is very safe to confirm that Panini will undoubtedly have a monumental presence in the baseball card market again throughout all of 2023. They will be releasing numerous high-end to low-end sports card products fully licensed and featuring today’s top players and tomorrow’s stars well into next season and beyond. Panini has clearly demonstrated the ability and commitment needed to strengthen their position as the sole producer of new licensed baseball memorabilia cards going forward.

IS TOPPS MAKING BASEBALL CARDS IN 2023

Topps has been the leading producer of baseball cards since the 1950s and they show no signs of slowing down. In 2023, Topps will be releasing multiple series of cards across the baseball season that follow the traditional card production calendar. They will kick things off in late February/early March with the release of their flagship Series 1 product. This release will feature current players from the 2022 MLB season along with prospects and any big-name free agent signings from the offseason. Like in past years, Series 1 will include various parallels, inserts, and autograph and relic cards to chase after.

In late April/early May, Topps will release their Series 2 product which focuses on any players that did not make the original Series 1 checklist, along with any players who had standout starts to the 2023 season. Similar to Series 1, this release includes all the various inserts, parallels, and hit cards collectors love to try pulling. Midseason around July, Topps releases their annual Stadium Club product which features elegant photography and designs with a retro flair. Stadium Club tends to be one of the more popular and artistic releases each year.

Later in the summer in August, Topps unveils their Series 2 product with a second wave of players, followed by their final series release in September/October before the playoffs begin. This late season series, either called Playoff Preview or just simply Series 3, highlights those players who had breakout seasons worthy of postseason consideration. Throughout the summer between regular series releases, Topps also puts out special themed sets like All-Star Cards, Independence Day cards, and League Leader cards focusing on statistical titles.

In addition to their main baseball card series throughout the year, Topps traditionally releases various insert sets spanning multiple series that highlight special player accomplishments, team success stories, prime years of legendary players, and more. Examples include Topps NOW cards for real-time moments, Topps Heritage recalling vintage design styles, Topps Archives recreating rare older designs, Topps Holiday packs, and numerous parallels variations for collectors to chase rarer versions of the same card. Topps also has multi-year committed licenses to include MLB trademarks and logos on both front and back of their cards.

Looking ahead to 2023, Topps is well poised to continue innovating and building on their established releases. They just extended their MLBPA license agreement ensuring they will have player rights through at least 2028. Topps is also the current holder of MLB’s exclusive trading card license through at least 2025, keeping them firmly in the driver’s seat of the baseball card industry. With continued access to official logos, names, and photography, Topps is expected to release at least 8-10 distinct baseball card series and sets again in 2023 across both the regular season and the expanded baseball calendar overall featuring new stars and historical heroes of America’s Pastime. Based on their innovative track record and dedicated collector following, Topps will undoubtedly look to introduce more hit cards, parallels, and new insert ideas to enhance the hunt for any avid baseball card fan. All signs point to another strong year of baseball card production and collecting through Topps in 2023.

IS TOPPS GOING TO STOP MAKING BASEBALL CARDS

While Topps has been the dominant force in baseball cards for decades, their future in producing cards is uncertain as their exclusive license with Major League Baseball is set to expire after 2025. There are a few factors that could potentially cause Topps to stop making baseball cards in the coming years:

Competition from Fanatics: In January 2026, Fanatics will take over from Topps as MLB’s licensed trading card partner. Fanatics, which is the dominant online seller of sports merchandise and apparel, outbid Topps for the new exclusive trading card license. With the massive resources of Fanatics now behind MLB cards, it will be very difficult for Topps to compete without access to official MLB players, logos, and team markings that come with an exclusive license. Topps had been MLB’s exclusive trading card partner since 1953, but their era of control could be coming to an end.

Declining Baseball Card sales: The baseball card industry has been struggling in recent years with declining sales and interest from younger consumers. While some vintage and memorabilia cards still sell well, the bulk sales of packs and boxes have lagged. From 2010-2020, annual baseball card sales dropped over 50%. As cards transition more to a collector’s item than a mainstream consumer good, Topps may see the market as no longer large or consistent enough to justify continuing production without the MLB license.

Financial troubles at parent company Fanatics: Topps was purchased in 2020 by a group including Michael Rubiner, former chairman and CEO of Forbes, and private equity firm Apollo Global Management. Their parent company Fanatics finalized a deal in January 2022 to be acquired by sports conglomerate Fanatics in a deal that valued Fanatics at $27 billion. There is uncertainty regarding how Fanatics’ financial situation and priorities may change post-acquisition, which could impact Topps’ baseball card plans, especially after losing the MLB license.

NFT and Digital ventures taking focus: Topps has branched out in recent years from physical cards into digital sports and entertainment products, including their popular Topps NFTs on Wax blockchain. These digital collectibles represent a growing part of Topps’ business. After losing the MLB license, Topps may choose to divest more resources into these digital areas rather than continuing to produce traditional cardboard cards without the official MLB marketing rights and brand synergy.

Lack of a fallback plan: Topps does produce various non-MLB entertainment and soccer cards. Baseball has always been their #1 sport and driving force of the business. With no clear contingency plan in place for when/if they lose the MLB partnership, it’s possible Topps will find it too risky and unprofitable to maintain card production without an obvious replacement sport property of similar size and popularity to anchor the company going forward.

While nothing is certain, the confluence of Topps soon losing their MLB license to Fanatics, declining physical card sales industrywide, uncertainty surrounding their ownership situation, and their growing focus on digital products creates credible challenges for Topps’ long-term future in producing traditional baseball cards. It’s possible they may choose to entirely transition the business model rather than attempting to directly compete against Fanatics for MLB fandom without the same official marketing rights. However, Topps does have over 65 years of brand equity in baseball cards as well, so they may try and find alternative solutions to keep their established cardboard product lines alive long-term. Only time will tell which direction Topps decides is their best strategic path after their 2025 MLB deal expires. But major changes clearly seem to be ahead for the legacy Topps brand and its place within the baseball card industry.

WHEN DID BOWMAN START MAKING BASEBALL CARDS

The Bowman Gum Company was founded in Delaware in 1885 by William Bowman. Originally, the company produced chewing gum but did not get involved in the baseball card business until purchasing certain assets of the Goudey Gum Company in late 1933. Goudey had issued highly popular sets of gum and baseball cards from 1933-1936 but experienced financial difficulties during the Great Depression and was forced to close its doors.

Seeing the potential, Bowman acquired Goudey’s card manufacturing equipment and trademarks and decided to continue the concept of including a baseball card with each stick of gum. In 1934, Bowman issued its first set of cards as Goudey had done the prior years. Known as the “1934 Bowman Gum”, the set featured 165 cards highlighting players from the American and National Leagues in a very similar green-bordered design to the previous Goudey issues. This established Bowman as the new leader in the baseball card industry.

Bowman would go on to produce annual sets each year from 1934 through 1939, chronicling the players and teams of Major League Baseball. Each set steadily grew in size, with the 1935 and 1936 issues containing 200 cards, the 1937 release featuring 219 cards, and the late 1930s sets totaling a massive 365 cards each. The photography and production quality continued to improve as well under Bowman’s guidance.

In addition to the base sets, Bowman also experimented with variations like their famous “Diamond Stars” parallel subset cards recognizing some of the game’s biggest stars. They issued special promotional cards, oddball sized cards, and regional variations as interest in card collecting exploded across America during this time period. While tobacco cards had previously been more common, the Bowman Gum cards were the first mass-produced cardboard baseball cards inserted into bubblegum. This format took off and is still used extensively today by card companies.

When the U.S. entered World War II after the 1941 attack on Pearl Harbor, Bowman’s resources were diverted towards the war effort. Like many businesses, they suspended civilian card production through 1945 to focus on more essential goods. After the war ended, Bowman rejoined the sportscard scene by releasing sets in 1948 and 1949. The 1948 and 1949 issues paled in comparison to their golden era of the 1930s, containing a mere 60-70 cards each with plain designs. Competition was also increasing.

Bowman sold its baseball card operations after the 1949 season to Philadephia Gum and Chocolate Company, which continued producing Bowman cards for a couple more years before the brand disappeared. By the mid-1950s, Topps Chewing Gum had emerged as the dominant force in baseball cards and monopilized the market for decades. Still, Bowman was instrumental in popularizing the modern format of sports and trading cards inserted in chewing gum from 1933-1939. Their iconic vintage cards remain some of the most collected in the hobby.

In 1995, Upper Deck acquired the Bowman trademark and relaunched it as a high-end baseball card brand. Since then, Bowman cards have been produced annually focusing on prospects, rookie cards, and autographed memorabilia parallel inserts alongside the bigger Topps Series 1, 2, and Update releases each year. Modern Bowman issues like Bowman Chrome, Bowman Draft Picks & Prospects, and international Bowman products provide a second major baseball card organization. So while Bowman’s original golden era faded after WWII, the name is still synonymous with the sport over 80 years after they first sparked the modern baseball card craze by taking over from Goudey in 1933.

In summary, Bowman Gum Company entered the baseball card business in late 1933 after acquiring the remaining assets of the bankrupt Goudey Gum Company, including their card production equipment. From 1934 through 1949, Bowman issued highly popular and collectible annual sets that grew the hobby significantly and established the enduring format of sports cards packaged with gum. They continued Goudey’s tradition before selling their card division after 1949, but the Bowman brand was later revived successfully by Upper Deck in 1995 and remains a prominent name in the industry today focused on prospects, parallels, and high-end products. Bowman’s innovation and cards from their formative 1930s golden era left an indelible mark on the baseball card collecting world.

IS TOPPS STILL MAKING BASEBALL CARDS

Topps has been producing baseball cards since 1938 and remains the dominant force in the baseball card industry to this day. As the longtime exclusive partner of Major League Baseball for producing sealed packs of baseball cards for retail sale, Topps holds the exclusive license to include MLB team logos and player likenesses on its baseball cards. This license agreement with MLB grants Topps exclusive worldwide rights to produce stickers, trading cards, games and other related products featuring current major league players, team logos and trademarks through the 2030 season.

Topps’ flagship baseball card product each year is the release of its new Series 1 trading card set coinciding with the start of the Major League Baseball season in April. The Series 1 cards feature the newest photos of players from Spring Training as well as rookie cards for players who made their MLB debuts the previous season. A few months later in July, Topps follows up with its Series 2 card release which contains additional cards not included in Series 1, sometimes featuring updated photos of players from the current season. Later in the season in either August or September, Topps rounds out its annual baseball card release cycle with a Series 3 checklist of cards before moving on to special subset and insert sets like Topps Chrome, Photography Photo variations and various parallels.

In addition to its core Series 1, 2 and 3 Sets released each season under the Topps brand name, Topps also produces separate high-end and premium baseball card offerings. These include products like Topps Finest, Topps Tribute and Topps Five Star which feature rare refractors, autographs, memorabilia cards and low printed parallel versions of the base card designs. Topps also holds licenses to produce specialty baseball sets themed around milestone statistics anniversaries or containing special photo variations. Products like Topps Heritage and Topps Opening Day recreate vintage designs from Topps’ early baseball card years while Topps Archives uses high quality reproductions of historically significant cards.

As a long-established leader in the baseball card market, Topps has the financial resources and licensing relationships necessary to produce very limited premium products aimed at serious adult collectors with substantial disposable income. For example, Topps Inception and Topps Transcendent boxes guarantee rare 1/1 autograph or memorabilia cards personalized and game-used pieces to command five figures or more from enthusiastic collectors.

While physical printed cardboard remains its core product, Topps has also transitioned baseball cards into digital form. Since 2015, Topps has offered its BUNT and TOPPS NOW apps compatible with iOS, Android and Facebook devices. Through these apps, collectors can collect and trade virtual cards containing the same MLB photography seen on physical cards. Topps BUNT essentially replicates the baseball card collecting experience through a mobile app interface while TOPPS NOW allows users to collect timely Limited Edition cards commemorating iconic MLB moments within a matter of hours or days of them occurring during the season.

Alongside its digital initiatives, Topps’ brick and mortar presence in the baseball card market remains strong as well. Each year, collectors flock to specialized hobby shops nationwide stocked with the latest Topps Series Sets, retail blaster and hobby boxes as well as related collectibles like autographed memorabilia, stacks of commons/uncommons and sealed vintage repack boxes. Through such retail avenues, Topps ensures its MLB-licensed baseball cards remain available and promote an in-person social experience for collectors of all ages to participate in the time-honored tradition alongside others with a shared interest.

As the exclusive licensee for physical and digital MLB trading card rights through 2030, Topps’ future in producing baseball cards looks very secure. After first establishing itself in the late 1930s, Topps has sustained its position as the leading name in the industry through continuous innovation, adapting to collectors’ changing interests while retaining nostalgia for its historic designs and brands. Whether sealed in retail packs, commemorated in limited app releases or acquired raw in hobby shop bins, Topps MLB cards will certainly continue to occupy a prominent role within the rich culture of baseball collecting for many seasons to come.

WILL TOPPS STOP MAKING BASEBALL CARDS

It is unlikely that Topps will stop making baseball cards in the foreseeable future, but there are some factors that could potentially impact their baseball card business in the long run. Topps has been the dominant manufacturer and distributor of baseball cards for decades, dating back to the early 1950s. The collectibles industry is evolving, and the baseball card market in particular faces some challenges.

While the traditional wax pack has been the foundation of Topps’ business model for generations of collectors, card sales have declined in recent years as the overall popularity of sports card collecting has gradually faded among younger audiences. Topps no longer enjoys the monopoly on licensed MLB trading cards it once had, with competitors like Panini increasing their market share. The rise of digital platforms and cryptocurrency presents possible new avenues for sports collectibles that Topps will need to explore.

Despite these trends, Topps still maintains strong relationships with both MLB and the players association which are crucial to continuation of their baseball card licenses. Their iconic brand remains very powerful in the industry, and recent initiatives like partnerships for exclusive NFT and digital card releases indicate the company is proactively working to engage new audiences and adapt their business. Collectors also have a strong nostalgic attachment to Topps as the traditional provider of cards which generates continuing residual demand.

As long as Topps can maintain their MLB licenses, which are valuable assets, it is very likely they will find ways to remain commercially viable even as sales volumes change. It seems highly probable baseball cards will be part of their product mix for the foreseeable future, as they represent one of Topps’ flagship collectibles. Their baseball card portfolio may evolve, such as through increased reliance on higher-end specialty sets targeted at avid adult collectors instead of traditional wax packs.

Topps also has other sports and entertainment licensing businesses beyond just baseball which provide revenue diversification. While overall card sales may trend downward long-term without a resurgence in popularity among younger demographics, Topps is an extremely adaptable company with over 65 years of experience in the collectibles industry. Barring any unexpected major disruptions like losing their MLB rights, it is reasonable to assume Topps will sustain their baseball card business for many years to come by transitioning their business model as market conditions warrant.

Some factors that could potentially threaten Topps’ baseball card operations in a longer 20-30 year timeframe include: a sustained secular decline in all trading card consumption causing financial difficulties; failure to successfully compete in digital collectibles spaces; loss of MLB player or league licensing agreements; or significant legal/regulatory issues disrupting their industry similar to what befell the tobacco card business decades ago. None of those negative scenarios seem very probable at this time based on the longevity of Topps’ brand dominance, continuous evolution of their business model, and the nostalgic appeal of their cardboard collectibles to older consumers and enthusiasts.

While Topps will likely produce fewer baseball cards in the raw unit volume of the past, it is very improbable they will exit the baseball card market altogether in the medium or near term, presuming they can maintain present revenue levels. The Topps brand is synonymous with baseball cards, and they appear poised to adjust their product strategy and explore new opportunities successfully for many years of continuing to service the needs of both casual and devoted collectors. For the foreseeable future, Topps baseball cards should remain iconic staples of the hobby and an important part of their diverse business portfolio.

WHEN DID UPPER DECK STOP MAKING BASEBALL CARDS?

Upper Deck was a dominant force in the baseball card industry for over two decades after being founded in 1988. The baseball card market began facing significant challenges in the late 2000s/early 2010s that eventually led to Upper Deck ceasing production of traditional baseball cards. Several key factors contributed to Upper Deck’s exit from the baseball card space:

The rise of Internet and digital media dramatically changed consumer behavior and interests, especially among younger demographics. While baseball cards had been a mainstream hobby and collectors’ item for generations, the internet provided nearly unlimited entertainment options that drew focus away from physical cards. Younger kids in particular were spending more time with video games, streaming video, social media, etc. and had less interest in trading and collecting paper cards. This demographic shift hurt the long-term outlook for the entire baseball card market.

The economic recession of 2007-2009 significantly impacted discretionary consumer spending. As the economy struggled, families had less money to spend on non-essential items like collectibles and memorabilia. Card sales declined sharply during this period as customers tightened their budgets. It became harder for Upper Deck and other companies to achieve strong financial results in the struggling economic environment.

Production costs like cardboard, ink and transportation rose steadily over time. With flat or falling card revenue, profit margins were squeezed significantly for Upper Deck and competitors. Large investments were also required to develop new card designs, recruit athletes for signings, market product lines, and other activities needed to stay competitive. Shrinking sales volumes provided limited money to fund these initiatives.

Upper Deck also faced growing competition from repackagers, breakers and counterfeiters seeking to profit off the baseball card business. These unauthorized secondary market participants undercut the official MLB license holders by providing cheaper alternatives and often misleading customers in the process. While difficult to fully combat, this illicit competition further hurt Upper Deck’s sales and brand image over the long-run.

Perhaps most importantly, the sports memorabilia and collectibles industry experienced a series of high-profile forgery and fraud scandals in the late 2000s/early 2010s that seriously damaged consumer confidence. Most notably, famous memorabilia dealer James Spence pled guilty in 2009 to falsifying items he auctioned, some of which were purported to have been signed by Babe Ruth, Ted Williams and other legends. Around the same time, consumer advocate Bob Kaze uncovered widespread counterfeiting even among supposedly reputable dealers. These scandals revealed just how easy it was to fake items and deceive collectors. As a result, many customers lost trust in the authenticity claims of the memorabilia industry as a whole.

In the midst of all these challenges, demand for traditional baseball cards continued a multi-year decline. By 2013, Upper Deck’s baseball card sales had dropped to just a fraction of their mid-2000s peak. With revenue collapsing and no clear outlook for recovering significant lost ground, Upper Deck made the difficult decision to exit the baseball card business. Their final baseball card products were released in late 2013, bringing an end to over two decades of industry dominance. While Upper Deck stayed active in other sport and entertainment cards, they ultimately determined baseball cards were no longer a viable part of their portfolio.

A perfect storm of market shifts, economic struggles, rising costs, intensifying competition and forgery scandals severely damaged the baseball card industry in the late 2000s/early 2010s. For leading manufacturer Upper Deck, revenues declined too sharply to justify continuing development and production of traditional baseball cards. By late 2013, the company had no choice but to cease operations in that segment of the collectibles space after 25 years at the top. This marked a significant milestone in the evolution of both Upper Deck’s business specifically as well as the baseball card market as a whole.

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WHEN DID FLEER START MAKING BASEBALL CARDS

Fleer Corporation began producing baseball cards in 1956, becoming the first successful competitor to gain market share against industry leader Topps Chewing Gum. Fleer was founded in 1881 by brothers Frank and William Fleer in Philadelphia as a manufacturer and marketer of chewing gum. Through most of the 20th century, Fleer primarily produced gum while also experimenting with other confectionery products like candy and bubble gum.

In the early 1950s, Fleer began exploring opportunities to expand beyond gum production as worldwide gum sales leveled off following a post-World War 2 boom. Company executives noticed the growing popularity of baseball cards among American children and saw an opening to break into the trading card market which was still in its infancy but growing rapidly thanks to Topps’ success with their 1951 and 1952 sets featuring players’ photos on the front for the first time. Fleer saw trading cards as a way to recruit new young customers to potentially buy their gum as well.

In 1954, Fleer produced their first non-sport related trading cards as a trial run. Called “Funny Valentines”, the cards featured humorous drawings on the front instead of photos. Despite little promotion, they sold reasonably well and gave Fleer confidence they could compete with Topps in the baseball card space. However, Topps had already solidified deals with both major baseball leagues as the exclusive gum and candy maker so Fleer would need to find another way in.

After failed negotiations with minor leagues, Fleer came up with a creative workaround. In 1955, they decided to produce cards featuring current major leaguers but without licensing deals. Instead, Fleer paid players individually for rights to their names and photos, sourcing pictures from newspapers, magazines and team publicity photos instead of original photographer shoots. This stratagem allowed Fleer to release their first baseball card set in spring 1956 featuring over 350 major league players without breaching Topps’ exclusive deals.

The 106-card 1956 Fleer set debuted to widespread attention but mixed reviews. While praised for vibrant color photo reproduction, errors with some player stats and team affiliations drew criticism. The set still sold well thanks to aggressive Fleer promotion and novelty as the first competitor to Topps in the nascent but booming baseball card boom. An estimated 9-10 million Fleer packs were sold that first year, netting around $750,000 in profit.

In 1957, Fleer improved on their formula with a hugely popular 212-card release. Featuring cleaned-up design and accurate stats, the set was a critical and commercial success that really established Fleer as a legitimate threat to Topps. Meanwhile, legal challenges from Topps seeking to block Fleer’s access to players due to their exclusive deals wound through the courts without any definitive rulings. Undaunted, Fleer pressed forward with innovative releases like 1959’s Cel-O-Paks which featured cards sealed in waxy cellophane pockets.

Throughout the 1950s and 60s, Fleer and Topps waged an intense behind-the-scenes trade war as the only two major baseball card producers. Both companies aggressively signed players to exclusive contracts and filed numerous lawsuits against each other for alleged contract tampering, antitrust violations and intellectual property infringements. Despite legal battles and Topps’ greater distribution muscle, Fleer managed to maintain around 25-30% market share during this era through dynamic product design, shrewd contracts and relentless innovation in sizes, sets and specialty subsets.

A key advantage Fleer developed was their status as an independent, family-owned corporation compared to Topps’ position as a public company beholden to shareholders. This allowed Fleer more flexibility to take risks, stay nimble and focus first on the collector experience rather than quarterly earnings reports. They became famous for experimental non-sport sets on topics like monsters, space and American history that helped diversify beyond baseball while keeping the brand fresh. It was this risk-taking creative spirit that defined Fleer as “The Pepsi to Topps’ Coca-Cola” in the trading card world.

Throughout the 1960s and 1970s, Fleer maintained their position as the clear #2 player in baseball cards behind Topps but developed a loyal following among collectors. Major innovations included 1967’s tremendous success with the first football cards in decades as well as blockbuster annual “Million Card Sets” topping 1,000 cards each during the late 1960s/early 1970s boom. Escalating costs and production Complexities made it increasingly difficult for the small, family-owned Fleer to compete financially with the mighty Topps behemoth controlling over 70% of the market.

After nearly being acquired in the mid-1970s, Fleer underwent a restructuring that saw them shift from primary focus on trading cards to other toy and game products through the 1980s. They never fully exited baseball cards and remained a respected secondary producer behind Topps with popular annual sets. In 1992, Fleer was purchased outright by card manufacturer SkyBox International (later acquired by The Upper Deck Company). Under new ownership, Fleer experienced a revival in the 1990s alongside baseball’s resurgence by pioneering innovative inserts, parallels and short prints that reinvigorated the high-end hobby market.

Throughout its pioneering six decade history, Fleer established itself as the David to Topps’ Goliath in American baseball cards. Despite perpetual legal harassment from the incumbent, Fleer’s perseverance, creativity and nimbleness fighting above their weight class made them synonymous with innovation, risk-taking and the underdog spirit in the hobby. While Fleer has changed ownership hands since and seen annual disruptions, their legacy of fun, accessible sets from the pioneering 1950s through experimental 1980s ensured they remained “America’s second card company” who helped shape baseball cards into the beloved modern collectible we know today.