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Phelps Trading Card Skyrockets In Value To $500

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Aug 14, 2008 8:32 pm US/Eastern

Phelps Trading Card Skyrockets In Value To $500

DALLAS (AP) ― Chalk up another remarkable feat for Olympic great Michael Phelps: making swimming trading cards somehow popular.

An autographed 2004 trading card of the record-shattering Olympian was trading for as much as $500 Thursday.

The jump in price comes just two weeks after industry experts say the collectible could easily be had for $25.

Tracy Hackler with Dallas-based Beckett Media says the market value could hit $1,000 if Phelps breaks Mark Spitz's record of seven gold medals at a single Olympics.

Arlington-based Donruss produced about 300 of the autographed Phelps cards in 2004 and about 5,000 "common" cards not bearing the American swimmer's autograph.

The non-autographed cards have enjoyed a spike in market value too, going from $2.50 to about $20.

(© 2009 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)

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