GameStop is buying PSA graded cards

[scooter729]

This is the reason GameStop stock is soaring again! The market loves their connection to PSA!

[D. Bergin]

Originally Posted by scooter729

This is the reason GameStop stock is soaring again! The market loves their connection to PSA!

Roaring Kitty?

Is that you?

[jingram058]

So PSA bought SGC, and now Game Stop is buying PSA? Is that correct?

[visualplane]

I called my local gamestop and they said they are only buying pokemon cards and that's not until June.

[jayshum]

Originally Posted by visualplane

I called my local gamestop and they said they are only buying pokemon cards and that's not until June.

From the article, it sounds like this is still in progress so all the details may not be completely worked out, but it did say sports and gaming cards. Time will tell what really happens.

[D. Bergin]

Originally Posted by jingram058

So PSA bought SGC, and now Game Stop is buying PSA? Is that correct?

I don't think so. Man, that would be the literal end of PSA. GameStop management is notoriously slimy and incompetent.

Don't even think they'd have the money to buy PSA. Even if they cashed in a bunch of their presently inflated stock.

They've been treading water between a meme stock and another Blockbuster for years now.

[jayshum]

Originally Posted by jingram058

So PSA bought SGC, and now Game Stop is buying PSA? Is that correct?

No, I don't think so. According to the article, they will be buying PSA graded sports and gaming cards that have grades of at least an 8 and a value of at most $500.

[D. Bergin]

Originally Posted by jayshum

No, I don't think so. According to the article, they will be buying PSA graded sports and gaming cards that have grades of at least an 8 and a value of at most $500.

That's because they don't keep any more then $500 in the cash register at a time. Don't go in the morning when they open up...because they won't have the cash in the register yet. May not even be until much later if they have a slow morning.

They will definitely push to give you credit instead. One of the reasons will be...they don't have the cash in the register. Try the next GameStop up the street if you want cash.

It's a real desperate racket.

[visualplane]

Originally Posted by D. Bergin

That's because they don't keep any more then $500 in the cash register at a time. Don't go in the morning when they open up...because they won't have the cash in the register yet. May not even be until much later if they have a slow morning.

They will definitely push to give you credit instead. One of the reasons will be...they don't have the cash in the register. Try the next GameStop up the street if you want cash.

It's a real desperate racket.

I think they'll be giving gift cards.

[Casey2296]

Originally Posted by jayshum

No, I don't think so. According to the article, they will be buying PSA graded sports and gaming cards that have grades of at least an 8 and a value of at most $500.

I'm curious what kind of baseball cards fit into this category, mid tier 60's HOFers comes to mind but I don't know enough about the >=PSA 8 <$500 market to hazard a guess.

[JustinD]

Originally Posted by Casey2296

I'm curious what kind of baseball cards fit into this category, mid tier 60's HOFers comes to mind but I don't know enough about the >=PSA 8 <$500 market to hazard a guess.

You have to think of their client base, it will be ultra modern and likely nothing but.

I also see this making no waves or even ripples in the hobby, much like the discussion on StockX inclusion which has been a non-factor. StockX monetized PSA grades and not cards which predictably is not succeeding well and has been become a dump off for flawed and over graded cards as no scans are shown. You simply buy a card in the grade sight unseen.

Sellers know they can send their 8's to stockx that are 90-10 centered and would sell for less because the buyer is getting just the grade they paid for and nothing else. The same group will be dumping their lower graded 7-8 modern cards because of no qualifiers to an unknowledgeable Game Stop employee for sales on a likely blind website as well.

These selling methods of using a grade and not a visible card as commodity is the poorest thought out idea on earth.

[Gorditadogg]

Originally Posted by D. Bergin

Roaring Kitty?



Is that you?

Ha ha

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[Leon]

Gamestop is doing everything it can to stay relevent. I can't blame them.
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