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The trading card system is a good alternate system because it gives second life to items of delisted games.
Valve has no right to sell those items once their game distribution contract ends. They'd need the permission of the developer/publisher to do so. I doubt Valve is interested on spending effort on such things.
When a game gets banned, ergo removed by Valve, everything gets nuked. That's on purpose, since the agreement between Valve and the game dev/publisher gets terminated. Points shop items are created, and owned, by the game devs/publishers. Valve cannot keep offering them in the points shop because of that after termination of the agreements.
Even if it's not sold, it's still being distributed. Likely has to do with the usage clauses in the contract steam has set up with the devs and once that contract expires or terminated the distribution rights to those copyrighted materials (ie the points shop items) goes with it.