"He said he's put in alarm systems and 24-hour security cameras at his collectable card stores in Ajax and Vaughan. The store's staff have vigorous security training and customers have to buzz in at some entrances, Amendola said. I treat it like a bank essentially, he said. In the past five years, the company has had three break-ins, an armed robbery, and six figures worth of mail fraud and theft, Amendola said."
"The value in trading cards, Pokemon cards in particular, has risen significantly since the pandemic as interest has grown, according to some collection store owners, with some of the rarest cards selling for hundreds of thousands of dollars. What a lot of people have to really understand is, it's become an asset class, like art, Amendola said. A card that might have been like $100 a year ago, is now like $1,000 or $1,500, Chong said. It's extremely liquid, Chong said."
GTA trading card shops are boosting security as trading cards, especially Pokemon, rise in value. Measures include alarm systems, 24-hour cameras, buzzer entry and rigorous staff security training. Owners often treat stores like banks and report multiple break-ins, an armed robbery, and mail fraud and theft that resulted in hundreds of thousands of dollars in losses and emotional damage. Rare cards can sell for hundreds of thousands of dollars, and many collectors now view cards as an asset class similar to art. Nostalgia and pandemic-driven interest have driven price increases, and the market remains highly liquid for sellers.
Read at www.cbc.ca
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