Panini No Longer Accepting Expired Redemptions.

[Maggot]

Great news for sure. That's how it should be...it's just common sense.

Unless you're a business that's paying to store the cards, staff to pull them, and shipping prices to mail them. They're going WAY above and beyond here. If only UD would do the same.

 

[creasecollector]

Unless you're a business that's paying to store the cards, staff to pull them, and shipping prices to mail them. They're going WAY above and beyond here. If only UD would do the same.

I love that Panini is doing this, but I think it's sad how this is "going above and beyond" in the hobby.

It should be commonplace in the sports card industry.

The logistics of it all doesn't seem complex, either. You're storing cards, not large tanks. Companies can most-definitely afford the storage on these older cards (which provides the company with excellent Customer Service, which is a definite plus) and the Fulfillment Team are already in place to ship recent redemptions, so pulling an old card out of storage isn't too much trouble.

 

[WatchMyBreaks]

To suggest that a company honoring a redemption is going "above and beyond" when every product increases in cost or loses value every season is interesting. I would love the topic to be addressed on one of Jeremy's interviews. How much have the margins increased over the years with box breakers entering the fold, sticker autos becoming more prevalent and photo shoot jerseys being widely accepted for even the high end products like The Cup?

This was kinda of addressed in his first video but while these solutions allow for less redemption and better looking patch cards, they allow for a serious cost savings for the companies that are now charging $100+ US for one card boxes.

It would be nice if someone at the NHLPA or the NHL offices were true hobby fans and could see the value of bringing a couple more companies into the fold officially instead of locking into long term exclusive deals.

 

[Maggot]

To suggest that a company honoring a redemption is going "above and beyond" when every product increases in cost or loses value every season is interesting.

This is a company that no longer even produces a product (worth talking about) in this sport and is honoring 10 YEAR OLD redemptions cards. The date on the cards clearly says they expire 1 to 2 years after release date, yet they continue to honor them on a sport in which they don't make money. They are not obligated to do this (as evidenced by UD's stance on the matter).
It's easy to say "the cost of doing this is probably somewhat low" when it's not your bottomline and profitability you're talking about.
They are doing us a favor here, make no mistake about it.

 

[creasecollector]

It would be nice if someone at the NHLPA or the NHL offices were true hobby fans and could see the value of bringing a couple more companies into the fold officially instead of locking into long term exclusive deals.

While I agree and it would be nice, it's going to take a lot more than just one guy in the NHLPA offices to swing it the other way.

In a perfect world, I'm sure if you were to privately ask people within the NHLPA a lot would personally agree that more companies are better instead of exclusive contracts (in any industry, not just cards), but as a NHLPA entity, it's been decided this way is the way to go and that's how it is right now.

I'm hoping things change and more than one company can share a licence.

 

[walter5o9]

So heres my feelings on these cards.

I) I Despise redemption cards - This is the companies way of making a promise to a customer so they can put it out there that player X is in a product, but you have to wait because they actually dont have it and theres no time table for when the player is going to mail the items back. Im in the middle of this right now with Topps with a few baseball cards that expired about 3 months ago.

II) Thats 'IF" the cards are also mailed back you may be the card promised. If you get a card thats worth $100 and for some reason the player doesnt get the cards back your given replacements in return..sometimes feeling even more aggravated afterward...Again this is an empty promise by the company

III) What happens to these cards that are EXPIRED? Why doesnt a company have to honor them. Are these players autographs like milk where they expire and spoil if not exposed to a collector? Where do they go? If there are /100 of player X and only 65 are redeem where do the other 35 go? Are they backdoored somewhere? Are they destroyed?

IV) Many old products, especially baseball have more value than those of current product. Quick examples 2011 trout rookie year , 2017 - Bellinger, Judge, Acuna 2018 Ohtani, Soto....These boxes have a lot more appeal to them now that players are established. The average time for a player to make it to the majors is about 3-4 Years....redemptions expire in 2 years. Id much rather chase those big whales but I shouldnt be punished for it. These companies made their money already.

Ive always hated redemptions as I have a Joe Dimaggio Redemption Autograph horror story.

-Walt

 

[WatchMyBreaks]

So heres my feelings on these cards.

I) I Despise redemption cards - This is the companies way of making a promise to a customer so they can put it out there that player X is in a product, but you have to wait because they actually dont have it and theres no time table for when the player is going to mail the items back. Im in the middle of this right now with Topps with a few baseball cards that expired about 3 months ago.

II) Thats 'IF" the cards are also mailed back you may be the card promised. If you get a card thats worth $100 and for some reason the player doesnt get the cards back your given replacements in return..sometimes feeling even more aggravated afterward...Again this is an empty promise by the company

III) What happens to these cards that are EXPIRED? Why doesnt a company have to honor them. Are these players autographs like milk where they expire and spoil if not exposed to a collector? Where do they go? If there are /100 of player X and only 65 are redeem where do the other 35 go? Are they backdoored somewhere? Are they destroyed?

IV) Many old products, especially baseball have more value than those of current product. Quick examples 2011 trout rookie year , 2017 - Bellinger, Judge, Acuna 2018 Ohtani, Soto....These boxes have a lot more appeal to them now that players are established. The average time for a player to make it to the majors is about 3-4 Years....redemptions expire in 2 years. Id much rather chase those big whales but I shouldnt be punished for it. These companies made their money already.

Ive always hated redemptions as I have a Joe Dimaggio Redemption Autograph horror story.

-Walt

100%

Collectors allowed things like redemption cards, sticker autos and photo shoot material to come into the hobby by continually buying the products. As much as it is illegal to have an expiration date on a gift card, redemption cards should have to be continually honored as long as the company is in business.

If a company like UD, Topps or Panini wants to avoid the struggles of keeping back stock in place and pulling redemption cards they should partner with COMC to honor old redemptions. COMC will profit when the card is eventually redeemed, sold or transferred to the collector directly.

 

[rangers6]

Only thing I hated about some Panini products and all cards in general is the STICKER AUTO---I understand the reasoning, but LIMITED #'d to 25 should never be a sticker auto...

I thought Dominion, National Treasures, Contenders were all really fun breaks.

 

[Taxi]

Panini changed their mind!

https://www.beckett.com/news/panini-to-continue-honoring-expired-redemption-cards/