WAX Guide to Trading Card Insurance: From Pokémon to Sports Legends

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WAX Guide to Trading Card Insurance: From Pokémon to Sports Legends

Insurance, Luxury Assets & Collectibles

Published on: Oct 31, 2025

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The trading card market has grown from a childhood pastime into a sophisticated investment arena. The global trading card market was valued at about $11.4 billion in 2024 and is expected to grow at roughly 5 % annually through 2033. Investors have been drawn by significant price appreciation—an ungraded 1999 Pokémon First Edition Base Set Charizard card sold for $350,100 at a 2021 online auction. As popularity surges, the market includes sports cards (baseball, basketball, football and soccer), non‑sports cards (Pokémon, Magic: The Gathering), and emerging blockchain‑based digital collectibles.

“Whether it’s a Charizard or a rookie card, trading cards capture our heroes. As collectors and fans, we made sure WAX protects these cardboard treasures just as you would.”
Angel Garcia, Customer Success Lead


Risks facing card collectors

  • Condition sensitivity – Card value depends heavily on condition. Minor creases, corner dings or surface scratches can reduce value by 50% or more.

  • Environmental damage – Humidity, sunlight and temperature swings can warp paper stock or fade inks. Basement flooding or pipe leaks can wipe out a collection.

  • Transit and grading risk – Cards are often shipped to grading services or buyers; mail damage, loss or mishandling can ruin or lose cards. Carriers’ default insurance is inadequate for high‑value shipments.

  • Theft and counterfeit – Rare cards are targets for theft; unscrupulous sellers sometimes swap originals with fakes.

Benefits of WAX trading card coverage

  • Coverage for graded and ungraded cards – Whether you own PSA‑graded sports cards, BGS‑slabbed Pokémon or raw vintage cards, WAX provides coverage against theft, accidental damage, disappearance and natural disasters.

  • Transit protection – Insures your cards while being shipped to or from grading services, conventions or private sales. WAX pays based on insured values rather than weight.

  • Automatic acquisition coverage – Newly acquired cards automatically fall under your policy up to 25% of the category limit; you have time to notify WAX of the exact value and card details.

  • Flexible valuation options – Choose scheduled coverage with agreed values for high‑end cards or blanket coverage where values are determined at the time of loss. WAX recognizes third‑party grading (PSA, BGS, SGC, etc.) and market data when determining values.

  • Expert guidance – WAX’s team keeps abreast of auction results and market trends. They help set appropriate values and guide you through documentation requirements.

Best practices for card collectors

  • Store properly – Use acid‑free sleeves, top loaders or graded slabs. Keep cards upright in protective cases and avoid high humidity. A dehumidifier in storage areas helps.

  • Photograph and catalog – Maintain detailed photos and logs of each card, including serial numbers and condition notes. Use tracked shipping and insure shipments equal to your card’s value.

  • Authenticate purchases – Verify sellers and use platforms that guarantee authenticity to avoid counterfeits.

Real‑World Case Study

A PSA 10 rookie card was damaged in transit to a buyer when the shipping box was crushed. Because the seller had WAX transit coverage, they received the card’s full market value and the buyer was made whole. In another situation, an uninsured collector sent a graded card to a convention and had it swapped with a fake, losing tens of thousands without recourse.


Ready to protect your collection?

Collectors can request a quote in minutes through WAX’s digital platform, and brokers can contact us to cover cards from Pokémon to Panini.

About Collector Intelligence

Collector Intelligence is the cultural extension of WAX Collect — built for collectors, by collectors. It reflects our belief that protecting what you love starts with understanding what it means to own it. More than content, it’s a trusted source of insight and discovery that proves WAX isn’t just an InsurTech company — we speak the language of modern collectors and share their values.

© 2025

All Rights Reserved

About Collector Intelligence

Collector Intelligence is the cultural extension of WAX Collect — built for collectors, by collectors. It reflects our belief that protecting what you love starts with understanding what it means to own it. More than content, it’s a trusted source of insight and discovery that proves WAX isn’t just an InsurTech company — we speak the language of modern collectors and share their values.

© 2025

All Rights Reserved

About Collector Intelligence

Collector Intelligence is the cultural extension of WAX Collect — built for collectors, by collectors. It reflects our belief that protecting what you love starts with understanding what it means to own it. More than content, it’s a trusted source of insight and discovery that proves WAX isn’t just an InsurTech company — we speak the language of modern collectors and share their values.

© 2025

All Rights Reserved