For the past few years, people in the hobby have been debating whether or not we are in a second junk wax era. The sports card market has been booming for a few years now and there was no shortage of record multi-million dollar card sales in 2021.
Despite the record sales, it’s in the back collector’s minds that card companies are producing an outsized supply in the midst of a sports card explosion, reminiscent of the 1987–1994 junk wax era.
The junk wax era for sports cards refers to a time period when cards were massively overproduced. For example, the 1992 Collector’s Edge football set printed 25 million cards.
Demand couldn’t keep up with the supply, and once people found out just how many cards were printed, card companies almost went bankrupt and ruined the hobby.
With the help of our friends at GemRate, who provide awesome grading data for sports card sets and cards, we’re going to break down the highest grade card sets by PSA, their gem rate (likelihood of getting a PSA 10 grade), the highest-graded card in the set, and the gem rate of that card.
Let’s dive in!