Collectors asked Upper Deck for more redemptions...

vwnut13 · Oct 2, 2010

Upper Deck FAQ said:
Why does Upper Deck use redemptions?

If athletes do not return their cards to us for a product release, we have to use redemption cards so we can meet the insert ratios on the packaging. Also, we want to avoid having gaps in the set. Other reasons include:

Logistics (i.e. game used memorabilia does not fit well into a wax pack)
Security (i.e. pack searchers and product damaged in shipping)

Sometimes use of rookie redemptions are necessary. These are cards that a rookie has not yet signed, but these redemptionscreate excitement for the upcoming draft and add more value to the product.

schmidtfan20 · Oct 2, 2010

please, do they think we are stupid? They have 25 base cards of MJ or Lebron. They are
numbered out of 25. Instead of using all 25 sticker autos of MJ which cost thousands
of dollars, they issue it as a redemption which expires after a year. 10 are redeemed
and UD can keep the other 15.

Maybe the most important question is, why do redemptions expire?

mburgin · Oct 2, 2010

schmidtfan20 said:
please, do they think we are stupid? They have 25 base cards of MJ or Lebron. They are
numbered out of 25. Instead of using all 25 sticker autos of MJ which cost thousands
of dollars, they issue it as a redemption which expires after a year. 10 are redeemed
and UD can keep the other 15.

Maybe the most important question is, why do redemptions expire?

no, we just think that you are stupid!

msink28 · Oct 2, 2010

The other reasons are crap too. It's not as if UD routinely makes GU cards so awesome that they don't fit into a pack. Also, if you have a redemption, you have to ship it out, in which case you... run the risk of the product being damaged in shipping.

Also: let's just say "hot pack redemption" doesn't come up empty on eBay. I think the pack searchers are able to find those redemptions.

schmidtfan20 · Oct 2, 2010

anyways, UD is out of cards so all this doesn't matter.

bozemanbreaker · Oct 2, 2010

I would be fine with redemptions if 1) They never expired and 2) That the were all actually made prior to being inserted into product (delays would be non-existent and turn-around would be short).

uniquebaseballcards · Oct 2, 2010

Wow, never thought of this before for some reason...

schmidtfan20 said:
please, do they think we are stupid? They have 25 base cards of MJ or Lebron. They are
numbered out of 25. Instead of using all 25 sticker autos of MJ which cost thousands
of dollars, they issue it as a redemption which expires after a year. 10 are redeemed
and UD can keep the other 15.

Maybe the most important question is, why do redemptions expire?

Fandruw25 · Oct 2, 2010

schmidtfan20 said:
please, do they think we are stupid? They have 25 base cards of MJ or Lebron. They are
numbered out of 25. Instead of using all 25 sticker autos of MJ which cost thousands
of dollars, they issue it as a redemption which expires after a year. 10 are redeemed
and UD can keep the other 15.

Maybe the most important question is, why do redemptions expire?

For accounting purposes. If they never expired then any non-redeemed would always be a liability. So they make the books look good.

From ACT 101.....Assets + Stockholders equity = Liability.

I don't agree with expiring ones but I have to believe this to be the reason.

G $MONEY$ · Oct 2, 2010

msink28 said:
The other reasons are crap too. It's not as if UD routinely makes GU cards so awesome that they don't fit into a pack.

they are actually referring to actual full sized game used items on that answer, something that UD did quite regularly years ago.

ronfromfresno · Oct 2, 2010

Fandruw25 said:
schmidtfan20 said:

please, do they think we are stupid? They have 25 base cards of MJ or Lebron. They are
numbered out of 25. Instead of using all 25 sticker autos of MJ which cost thousands
of dollars, they issue it as a redemption which expires after a year. 10 are redeemed
and UD can keep the other 15.

Maybe the most important question is, why do redemptions expire?

Click to expand...

For accounting purposes. If they never expired then any non-redeemed would always be a liability. So they make the books look good.

From ACT 101.....Assets + Stockholders equity = Liability.

I don't agree with expiring ones but I have to believe this to be the reason.

But they are a sunk cost, already created and they reside in inventory, so they don't leave the books. Their assets would be out of balance since inventory would show the cards as on hand while the expired redemption cards would remove the unpaid liability.

autocut · Oct 3, 2010

schmidtfan20 said:
please, do they think we are stupid? They have 25 base cards of MJ or Lebron. They are
numbered out of 25. Instead of using all 25 sticker autos of MJ which cost thousands
of dollars, they issue it as a redemption which expires after a year. 10 are redeemed
and UD can keep the other 15.

Maybe the most important question is, why do redemptions expire?

Legal matters, I think everything has to have an expiration date. That's why if still available after the expiration date, companies are still willing to honor the redemption.

A_Pharis · Oct 3, 2010

The liability of non-expiring redemptions are a major factor. It's the same reason checks have to be cashed within 90 days.. or you have to turn in winning lotto tickets within a certain time...

TBTwinsFan · Oct 3, 2010

This was just posted on FB, somewhat relevant to the topic at hand.

[youtube:txl47ier]http://www.youtube.com/watch?v=WBHx62NW5BM&feature=player_embedded[/youtube:txl47ier]

Dice-K Collector · Oct 3, 2010

mburgin said:
schmidtfan20 said:

please, do they think we are stupid? They have 25 base cards of MJ or Lebron. They are
numbered out of 25. Instead of using all 25 sticker autos of MJ which cost thousands
of dollars, they issue it as a redemption which expires after a year. 10 are redeemed
and UD can keep the other 15.

Maybe the most important question is, why do redemptions expire?

Click to expand...

no, we just think that you are stupid!

:lol:

Dice-K Collector · Oct 3, 2010

mburgin said:
schmidtfan20 said:

please, do they think we are stupid? They have 25 base cards of MJ or Lebron. They are
numbered out of 25. Instead of using all 25 sticker autos of MJ which cost thousands
of dollars, they issue it as a redemption which expires after a year. 10 are redeemed
and UD can keep the other 15.

Maybe the most important question is, why do redemptions expire?

Click to expand...

no, we just think that you are stupid!

:lol:

magicpapa · Oct 3, 2010

late 90's early 00's redemptions expired in like a year or less

joelmcook · Oct 3, 2010

I like panini's redemption system so far. Upper Deck is my favorite right now in hockey because it was the only in hockey for awhile but I cannot wait for panini to come out with some hockey cards for a change of scenery

All The Hype · Oct 3, 2010

Redemptions should never expire.

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