Are Michael Jordan Baseball Cards a Good Investment?

For 36 years, Michael Jordan has been part of the conversation. But which conversation likely depends on how old you are. If you watched him play, you've probably said or heard that he's the best basketball player to ever lace up. If you haven’t seen him play, he might just be that guy your parents bring up every time you talk about LeBron. Or maybe for you, the name Jordan just makes you think of luxury sneakers.

However, you think of him, his talent and impact are undeniable. No wonder his shoes and sports cards can easily fetch five figures.

Let's look at one of the best quality and most in-demand of those cards: the 1991 Michael Jordan Upper Deck baseball card.

When people hear the name Michael Jordan, mediocre is not what comes to mind. But that’s what he was for a moment in the 90s. In the prime of his career, at just 29 years old and with three back-to-back championships under his belt, Michael Jordan shocked the world by quitting basketball.

Jordan’s father, who was tragically murdered in 1993, loved baseball and had been a semi-pro player in his youth. To honor his father and to prove he was more than just the greatest basketball player to ever live, he decided to give baseball a go.

His detour was brief, and he never made it out of Double-A. But despite the confusion of his fans and the 'Negative Nellies' of sports media, many see Jordan's 13-month career as evidence of his athletic abilities and mental strength.

Some believe that Jordan would've made it to the major leagues if he had stuck with baseball. Instead, he returned to basketball and won even more championships, shaping the game, sneaker culture, and memes for generations to come.

As sensational as Jordan's adventure in baseball was, the story of Jordan's most expensive baseball card starts before he shocked the NBA with his departure.

The Michael Jordan Upper Deck baseball card ranks as the best-designed and most expensive Jordan baseball card. It came out in 1991—almost two years before he officially signed to a team. While a few PSA 10-graded cards went for thousands in February 2021, their price for Gem Mints in September 2022 is about $450.

1991 Upper Deck Michael Jordan #SP1:

• Price range: $20 to $460
• Highest sale price: $7,600 (February 2021)
• PSA 10 Supply: 2,226
• Brand: Upper Deck

Compared to Jordan's basketball cards, this piece of sports history doesn't seem to be worth much. After all, a 1986 Fleer MJ rookie card sold for $228,000 through PWCC Marketplace in June 2022. But Jordan's baseball card has a few valuable qualities that could make it a worthwhile investment: a great story, an attractive design, and Michael freaking Jordan.

A player like Jordan needs his ego checked sometimes. At least, that's what Jerry Krause learned about Number 23. The problem was that he was good at everything. Luckily, Krause also figured out that if he wanted Jordan's very best, he had to tell him he couldn't do it.

So one day, when Krause grew tired of Jordan bragging about his hitting prowess, he took the basketball phenom out to hit against a real Double-A pitcher, telling him he’d never get a ball to the outfield.

Jordan hit the ball into the bleachers. Twice.

Photos of Jordan decked out in White Sox finery made their way to trading cards shortly after batting practice was over, but none of those cards were as well-designed and desirable as the ones by Upper Deck.

While other Michael Jordan baseball cards used unlicensed photos, the UD card was the first licensed Jordan baseball card. And its design was more stylish and appealing than the competitors, keeping with Upper Deck's mission to be the coolest new kid on the sports trading card block.

Only two years old, Upper Deck wanted to stand apart from its more established competitors like Topps by offering unique and exciting sports cards. Their MJ card featured Jordan just after one of his swings connected with the ball and launched it into—you guessed it—the upper deck.

While inserts were a great way to drive interest and sales, the competition to be the most successful sports card company led to overproduction. Ultimately, the card makers began putting out so many inserts that the bubble finally burst.

Much like how Jordan defied the odds for decades on the court, his junk wax era insert is now defying the odds in gaining the attention of sports card collectors.

After reaching an average of around $1,100 at the peak of the lockdown collecting boom, a PSA-10 graded Gem Mint still fetches about $450 on eBay.

However, between overproduction and the ongoing frenzy around collectibles, the card is a victim of increasing demand, causing an increase in supply. Even though it's long out of print, the circulating supply of Jordan's Upper Deck card has ballooned in recent years.

When it was first released, people went wild over the insert set. You could purchase a pack for $1.29 at the time, but prices shot up right away, and Jordan cards were selling for $35—about $76 adjusted for 2022 inflation. But then, just like the rest of the market in the mid-90s, they crashed back down.

It wasn’t until the pandemic and, later, after the airing of The Last Dance sent everyone searching through their collections (or eBay) that the Jordan cards began garnering real attention.

Alongside better-known assets like Air Jordans or MJ's vintage jerseys—which are so highly valued enough to appear as offerings on fractionalized investment platforms like Collectable—Jordan baseball cards resurfaced. Collectors then started getting them appraised, and prices for high-grade cards began to move up.

The card wasn’t exactly rare to begin with. Despite being labeled Short Print (#SP1), there were thousands and thousands of them out there. The company initially announced a distribution that came out to only one coveted #SP1 for every 120 packs. But, between junk wax over-printing and the 10–25 thousand given as favors to select dealers, the scarcity vanished. As with many valuable items, the easier they became to get, the more their appeal and value wore off.

For decades, the inserts floated around the hobby for a few bucks apiece, with people knowing there were still an untold number of packs that might contain more of them. But even when it wasn't carrying much value, the oddity of a basketball star and cultural icon on a baseball card has always made it stand out as something worth having in a collection.

The Michael Jordan Upper Deck baseball card cuts a unique profile in the high-stakes world of collectible sports cards. It encapsulates a brief yet electrifying chapter in Jordan's distinguished career where the legendary basketball player dipped his toes into baseball, creating unconventional moments for the Chicago White Sox and the sports world as a whole.

As we journey back in time, we recalibrate the narrative of this modern-day sports icon, bestowing a fresh perspective on the unique crossroads of basketball and baseball. The rarity of this card laced with the silver signature of Jordan himself truly exemplifies the extraordinary time in sports history when a peak basketball player decided to try his hand at a completely different game.

The fluctuations in the card's worth, the company's decision to overproduce, and the subsequent sharp plunge in its value depict the tumultuous trajectory mirroring the ups and downs of the sports collectibles market. However, it's the electric diamond glint of rarity and unparalleled novelty that has always kept this card alive in the hearts of many sports card collectors and on countless checklists.

Even though Jordan's tenure in baseball was limited, his Upper Deck baseball card remains an enduring marker of a legendary athlete stepping beyond his comfort zone, validating that his prowess was not just limited to the basketball court. This card, once seen as plentiful, is now recapturing its glory, leading the pack of Jordan collectibles with its renewed demand and the surprising revelation of its extraordinary rarity.

Lastly, this card, beyond its monetary value, serves as a symbol of an unconventional era when basketball and baseball intersected, an unforgettable period in modern sports history when the Jordan era wasn't just about soaring high on the basketball court but also about making surprising swings in the baseball diamond.