SGC Grading question

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Posted By: Tim Sanders

I have always wondered this and decided I might as well ask...
SGC suggests you consult price guides etc for declared value in order to submit. What if you paid $50 for a card that lists for $400 because of the condition. Do you "declare" the value at $50 or $400? It may seem idiotic to ask but it has prevented me from submitting up until now and makes me sell off cards in order to buy already slabbed ones!

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Posted By: Marc S.

of your question. You bought it for $50, but it is worth $400? Or something different.

The "value" and submission level should be the value the card would be worth with the expected grade that you expect the card to receive. If it's truly a $400 card that you got a great deal on, you should submit it at the $400 value level.

Marc

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Posted By: steve yawitz

I'll typically list stuff at roughly (i.e. rounded to the nearest $25 so I can mentally total the values) the going rate for the grade I expect. I must also sheepishly admit to occasionally downgrading a value just to keep myself in a cheaper grading tier. Nothing crazy like calling a T206 Plank or Magie an $800 card - not that I'm remotely close to owning one - but maybe listing an $800 card at $500.

http://imageevent.com/yawie99

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Posted By: T206Collector

...to put whatever you want the return insurance to cover. If it is a ridiculously low price, SGC may call you on it, but I've never had a problem. E.g., I wouldn't put $50 for a VG T206 Cobb.


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Posted By: Tim Sanders

Thanks for the great help/advice!!!

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Posted By: boxingcardman

If the card is lost or damaged, your statement as to its value will go a long way towards an insurer or judge or jury deciding what you are to be awarded. For the small incremental cost at issue in most of these cases, IMO it is better to state what it is worth than to lowball it. The one time you do that really severely, sure as heck the card is going to get lost or damaged.

Sic Gorgiamus Allos Subjectatos Nunc

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Posted By: JB

I always considered that to mean what would the replacement value be if the card was lost or damaged. Also consideration of approximate grade card would receive. (as stated earlier)

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Posted By: Tim Sanders

Thanks for the advice- I decided to take the plunge and sent in my first submission. The reason I asked the question centered around a Sweet Cap Walter Johnson that I bought recently for $220 (and probably overpaid for it), but I didn't know if it would fit in the current T card special or if I needed to submit it separately under a different tier.