Collectors (PSA) Acquired SGC

[Schlesinj]

Companies will remain separate per Darren Rovell tweet.

[Casey2296]

Unfortunate, no good things for collectors will come of this.

[Peter_Spaeth]

Originally Posted by Casey2296

Unfortunate, no good things for collectors will come of this.

The hobby has not been about collectors for a long time. Investors, influencers, big businesses, breakers, you tubers, card doctors, pumpers, guys with t shirts ill-defined jobs and multiple devices calling each other bro', whatever.

[Lorewalker]

Yup this is big business now and all about profits. Will be interesting to see how this pans out and what Nat has in mind for SGC. If the companies stay separate maybe SGC will be for vintage...I can hope at least.

Either way not sure this is going to be too terrific for collectors, in general, especially the way Nat runs PSA.

[Peter_Spaeth]

Guess he finally made Dave an offer he couldn't refuse.

Look forward to the spin by the SGC fans.

[Peter_Spaeth]

https://twitter.com/darrenrovell/sta...Rx-1Hmr4TKbEyQ

[refz]

Originally Posted by Peter_Spaeth

The hobby has not been about collectors for a long time. Investors, influencers, big businesses, breakers, you tubers, card doctors, pumpers, guys with t shirts ill-defined jobs and multiple devices calling each other bro', whatever.

Well said bro

[brunswickreeves]

My grading priorities are: 1) Cost of service, 2) Look of the holder and card in it, then 3) Turn around time. I suspect if SGC isn’t able to retain its uniqueness in these areas, collectors will flock to an alternative and drive up business of others like Beckett and CGC.

[mrreality68]

normally I do not mind mergers or buy outs. But the 2 biggest graders owned by the same parent company even if kept separate (for now I am sure down the line it will not stay that way) does not seem good for the collectors or for the industry in general.

[x2drich2000]

Originally Posted by brunswickreeves

My grading priorities are: 1) Cost of service, 2) Look of the holder and card in it, then 3) Turn around time. I suspect if SGC isn’t able to retain its uniqueness in these areas, collectors will flock to an alternative and drive up business of Beckett.

Considering Beckett is ultimately owned by Greg Lindberg, I would hope people would take into account that he benefits from them using Beckett. If you're not aware of who Greg is, here is some light reading on his ongoing issues and the impact he has had on people:
https://www.sportscollectorsdaily.co...ed-to-7-years/

https://www.justice.gov/criminal/cri...reg-e-lindberg

https://www.insurancebusinessmag.com...me-437531.aspx

https://cblife.com/

[wolf441]

Originally Posted by Peter_Spaeth

The hobby has not been about collectors for a long time. Investors, influencers, big businesses, breakers, you tubers, card doctors, pumpers, guys with t shirts ill-defined jobs and multiple devices calling each other bro', whatever.

Great, I laughed with a mouthful of coffee and now have to change my shirt, thanks Pete! That last line is an absolute classic.

[Snapolit1]

Originally Posted by wolf441

Great, I laughed with a mouthful of coffee and now have to change my shirt, thanks Pete! That last line is an absolute classic.

Was a lot better when the hobby was about older fat con artists, guys with pagers on their waist, wearing big ass gold medallions around their necks, conning 12 year olds at card shows, talking about the Playmate of the Month July 1978. The good old days.

[Tyruscobb]

Competing businesses benefit the consumer. Although there are potentially some positives, this is a net loss for consumers. Those cheering this deal need to take an Econ 101 course.

[jimmer77]

I have 2 subs for SGC queued up and was going to complete the sub and mail out on Saturday, but now with thus news not sure what to do.

I did find it a bit comical that Peter seemed to praise collectors in his video, but in the past all but criticized the "other guys" when promoting SGC...I guess keeping your job will have that affect.

AB InBev, is similar in nature. They purchased Miller Coors a few years ago and both still exist aa separate companies albeit with caveats.

[SyrNy1960]

Originally Posted by Peter_Spaeth

The hobby has not been about collectors for a long time. Investors, influencers, big businesses, breakers, you tubers, card doctors, pumpers, guys with t shirts ill-defined jobs and multiple devices calling each other bro', whatever.

It truly is amazing how things have changed over the years. At 64, I liked collecting more before the world-wide web, and all of the above mentioned. Card shows, meeting people, and trading was fun.

[Mozzie22]

Originally Posted by Peter_Spaeth

The hobby has not been about collectors for a long time. Investors, influencers, big businesses, breakers, you tubers, card doctors, pumpers, guys with t shirts ill-defined jobs and multiple devices calling each other bro', whatever.

This may be the most accurate statement in the history of this forum.

[Rhotchkiss]

Thanks Peter! It’s a good video. I am glad it’s now more accessible.

[h2oya311]

Was looking to see if this was an early April Fool’s joke. Clearly it is not! Wow!

[Lucas00]

Hopefully this falls through...

[robw1959]

Oh no! Up go the fees.

[brianp-beme]

Originally Posted by h2oya311

Was looking to see if this was an early April Fool’s joke. Clearly it is not! Wow!

I am still holding out that it is a Leap Year Day joke.

Brian

[parkplace33]

Originally Posted by Schlesinj

Companies will remain separate per Darren Rovell tweet.

I am surprised it took this long. I heard rumors of this years ago.

I now wonder about the future of SGC.

[ClementeFanOh]

This doesn't bode well, does it?

PeterSpaeth- my "spin" has been that I prefer the company that practices
customer service and is best at the actual job of grading the cards. I'm
guessing you can't wait to gainsay anyone who dares speak, so please
just provide that "spin" for the reader, and we can skip to the end.

Trent King

[wondo]

It will be a couple of years before there is a noticeable change. I cannot fathom that morale at SGC has not been negatively impacted unless they shared the pie. Couple of things could happen:

1. Both entities are allowed to operate independently.
2. Collectors migrates vintage to SGC while keeping the PSA brand for newer cards.
3. PSA swallows SGC, maybe by offering a discounted crossover rate.
4. SGC becomes the "BVG" of the Collectors group.
5. SGC cards are allowed in the Registry.

Possibilities are endless!

[Svabinsky78]

One ring to rule them all, one ring to find them, One ring to bring them all, and in the darkness bind them

[raulus]

Originally Posted by Svabinsky78

One ring to rule them all, one ring to find them, One ring to bring them all, and in the darkness bind them

Does that make Nat gollum or Sauron in our tale?

[Svabinsky78]

Originally Posted by raulus

Does that make Nat gollum or Sauron in our tale?

Lol....

I am thinking more like Mr. Potter from it's a wonderful life

[judsonhamlin]

I was thinking more like Grima Wormtongue

[RayBShotz]

Originally Posted by wondo

It will be a couple of years before there is a noticeable change. I cannot fathom that morale at SGC has not been negatively impacted unless they shared the pie. Couple of things could happen:

1. Both entities are allowed to operate independently.
2. Collectors migrates vintage to SGC while keeping the PSA brand for newer cards.
3. PSA swallows SGC, maybe by offering a discounted crossover rate.
4. SGC becomes the "BVG" of the Collectors group.
5. SGC cards are allowed in the Registry.

Possibilities are endless!

I believe when all is said and done, #3 will be the most likely outcome.

Most acquisitions start with IT and Finance absorption and move on from there. Over time all things will migrate as PSA works down process inventory at SGC and then swallows it whole.
SGC will be a fond memory 24-36 months after a completed deal; maybe sooner.

[The Detroit Collector]

Crazy news. Never would have expected this.

I can't believe there will be two separate slabs continuing long term. Eventually SGC slabs will become PSA. A crossover charge will be added.

I dont see how SGC slabs will be included in the registry. The regisity will show both PSA and SGC separately? I don't think that will work. It's probably going to be same business as usual, if you want to go into the PSA registry, you will need to crossover.

In the end this gives PSA a huge amount of influence in the hobby. Pricing, grading times.

SGC will grade some cards that PSA wont. Makes me question how that will work moving forward.

[gunboat82]

Originally Posted by The Detroit Collector

Crazy news. Never would have expected this.

I can't believe there will be two separate slabs continuing long term. Eventually SGC slabs will become PSA. A crossover charge will be added.

I dont see how SGC slabs will be included in the registry. The regisity will show both PSA and SGC separately? I don't think that will work. It's probably going to be same business as usual, if you want to go into the PSA registry, you will need to crossover.

In the end this gives PSA a huge amount of influence in the hobby. Pricing, grading times.

SGC will grade some cards that PSA wont. Makes me question how that will work moving forward.

Collectors Universe could do a big marketing push that involves a special rate for SGC-to-PSA crossovers, with the idea that PSA will house the industry's only registry and cater to "true hobbyists" like the YouTube bros who track cards with stock tickers. They could spin off SGC into a BCCG-like club, where dinosaurs like me pay $99.95 a year for the privilege of continuing to use SGC.

[The Detroit Collector]

Originally Posted by gunboat82

Collectors Universe could do a big marketing push that involves a special rate for SGC-to-PSA crossovers, with the idea that PSA will house the industry's only registry and cater to "true hobbyists" like the YouTube bros who track cards with stock tickers. They could spin off SGC into a BCCG-like club, where dinosaurs like me pay $99.95 a year for the privilege of continuing to use SGC.

Unfortunately, from a business standpoint I agree with you, this is what will happen.

[robinsonmantle]

Another article on the Collectors purchase of SGC

https://www.sportscollectorsdaily.co...ingPc7KnfHG4Rk


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[Rhotchkiss]

While I don’t love this, my gut is it will somehow all work in the end. It usually does. Nothing I can do about it and I will still be collecting cards, so it will be what it be.

[The Nasty Nati]

I do think PSA will eventually fold SGC, like over the next 5 years. By doing so they will eliminate the vintage competition (and some of their modern competition). Vintage and Pre-War collectors won’t have a choice, because who actually submits vintage to Beckett or CGC? They’ll have to submit to PSA. And think of all the money they could potentially make with all the collectors who will cross their old defunct SGC slabs to PSA. And I’m sure they paid a good chuck of change for SGC. Best way to make that money back unfortunately is cut payroll at SGC, sell the parts, and fold the company.

To me it makes little to no sense for them to keep SGC operating. It does for the short term, but not in 5+ years.

Let’s hope I’m wrong though. Competition is good for everyone, and you can’t beat the customer service at SGC (at least compared to PSA). I really hope this acquisition doesn’t go through. What’s next, Fanatics acquiring PSA?

[Johnny630]

Collectors has done a really good job with their acquisition of Goldin I believe the same will occur with their pick up of SGC. Nate Turner and his investment/business team are smart forward-thinking people. I see this as a positive going forward.

[trambo]

Originally Posted by Rhotchkiss

While I don’t love this, my gut is it will somehow all work in the end. It usually does. Nothing I can do about it and I will still be collecting cards, so it will be what it be.

I'm not an SGC guy (nor a hater really) but I agree w/this sentiment completely.

[Jstottlemire1]

Originally Posted by trambo

I'm not an SGC guy (nor a hater really) but I agree w/this sentiment completely.

Yes 💯 agree.

[The Nasty Nati]

I’m surprised PSA never considered making a black slab add on option since a big selling point for SGC was the great look of their black “tux” slab.

All PSA had to do was make their current slab available in also a black color instead of clear and maybe make it cost an extra $2-5. Easy extra revenue.

[FromVAtoLA]

If you want to file an anti-trust/monopoly complaint here’s how: https://www.justice.gov/atr/complaint-center

[Aquarian Sports Cards]

The practical consideration for me is that in the very near future I doubt cards that PSA rejected as minsize will subsequently get a number grade at SGC.

Minsize is way up at PSA (possibly thanks to the technology a fellow board member brought there) but easily 90% of my PSA rejects get a number at SGC. If said technology is shared with SGC that kills that avenue.

[jingram058]

Meanwhile...

I'll just continue to collect and admire my raw cards.

[sb1]

There may be two positives that come out of it, the SGC Registry brought back with new capital infusion(or they might go with a combined PSA/SGC Registry) AND crossovers may be much easier to get done as they now have no reason to "hate" on the host holder.

All of these posts are speculative and we really have no idea how it will turn out for the the companies or the consumers, only time will tell.

[4815162342]

Originally Posted by sb1

There may be two positives that come out of it, the SGC Registry brought back with new capital infusion(or they might go with a combined PSA/SGC Registry) AND crossovers may be much easier to get done as they now have no reason to "hate" on the host holder.

All of these posts are speculative and we really have no idea how it will turn out for the the companies or the consumers, only time will tell.

+1

A combined pop report would be nice as well.


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[Snowman]

Originally Posted by Aquarian Sports Cards

The practical consideration for me is that in the very near future I doubt cards that PSA rejected as minsize will subsequently get a number grade at SGC.

Minsize is way up at PSA (possibly thanks to the technology a fellow board member brought there) but easily 90% of my PSA rejects get a number at SGC. If said technology is shared with SGC that kills that avenue.

The other issue is that the majority of my PSA "minsize" rejects also get numerical grades by PSA upon resubmission (sans 61 Fleer basketball), not just SGC. It's extremely frustrating. But at least they're not charging a grading fee for it.

[clamendo]

It’s actually a positive thing. In case you haven’t noticed the success rate on crossovers these days is very low. Once they discontinue the holder, which they most certainly do to reduce costs and duplication, you’ll have to either spend a lot of money to crossover and get most probably reduced grades or stop upgrading the set. This will save all of us money. The average Joe will figure this out soon. God forbid your holder gets cracked, scratched, damaged. My SGC sets will probably be frozen in time.

All newly sets or partially graded set will go to PSA. I started this migration 10+ years ago. Also, CSG should buy the rights to the old SGC holder, but make it tamper-proof.

I’m really hoping that they will finally allow a mixed grading company registry set, like they do with coins.


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[Johnny630]

Originally Posted by clamendo

It’s actually a positive thing. In case you haven’t noticed the success rate on crossovers these days is very low. Once they discontinue the holder, which they most certainly do to reduce costs and duplication, you’ll have to either spend a lot of money to crossover and get most probably reduced grades or stop upgrading the set. This will save all of us money. The average Joe will figure this out soon. God forbid your holder gets cracked, scratched, damaged. My SGC sets will probably be frozen in time.

All newly sets or partially graded set will go to PSA. I started this migration 10+ years ago. Also, CSG should buy the rights to the old SGC holder, but make it tamper-proof.

I’m really hoping that they will finally allow a mixed grading company registry set, like they do with coins.


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Is PSA going forward not going to Cross at Same Grade as SGC Slabs ? If they’re buying the company aren’t they responsible too?

[clamendo]

Originally Posted by Johnny630

Is PSA going forward not going to Cross at Same Grade as SGC Slabs ? If they’re buying the company aren’t they responsible too?

They have different standards and they haven’t in the past when they were competitors. The best thing they could do to keep the people happy is have a mixed registry, not that everyone registers their cards today.


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[Republicaninmass]

Originally Posted by Johnny630

Is PSA going forward not going to Cross at Same Grade as SGC Slabs ? If they’re buying the company aren’t they responsible too?

It would be ridiculous. Not a chance they will crossover. Maybe offer a discount.


Psa MAY slab....the sgc slab. You heard it here first

[Johnny630]

Originally Posted by Republicaninmass

It would be ridiculous. Not a chance they will crossover. Maybe offer a discount.


Psa MAY slab....the sgc slab. You heard it here first

So if Number 4 on the poll happens (Dissolves SGC by absorbing it into PSA and stops making SGC slabs.) people with SGC slabs are gonna be SOL Pissed.