PSA just opened up a new service level with little fanfare.

[bobbyw8469]

Apparently, a $100 tier just opened up, but you have to receive an invite to be allowed to submit at that level. Even if I got an invite, I doubt I would submit at that level. Has anyone on here got an invite to submit at the new service level and do you plan on submitting?

[yanks87]

After all this time, opening up regular submissions at $100 is laughable. Especially with pomp and circumstance around how they have improved their systems and have expanded their capacity. Meanwhile, most of us are sitting on orders that have been in for over a year. I won't be submitting anything until bulk/value come back, even then, my submissions will look very different than the past. At $8, the low grade cards that I buy would be encapsulated, that is actually how I stumbled in to most of the sets that I have put together, but now, when the cost of grading exceeds the value of the card, it just doesn't make sense anymore.

[bobbyw8469]

Originally Posted by yanks87

After all this time, opening up regular submissions at $100 is laughable. Especially with pomp and circumstance around how they have improved their systems and have expanded their capacity. Meanwhile, most of us are sitting on orders that have been in for over a year. I won't be submitting anything until bulk/value come back, even then, my submissions will look very different than the past. At $8, the low grade cards that I buy would be encapsulated, that is actually how I stumbled in to most of the sets that I have put together, but now, when the cost of grading exceeds the value of the card, it just doesn't make sense anymore.

$100 per card is simply too much. I am sitting on two long boxes or raw. And this isn't shiny stuff. Think 1960 Topps Sandy Koufax's and 1948 Leaf Honus Wagners. And the way it sounds, even if I AM allowed to sub those again at around $10 per card, then I have to wait to receive an invite to even do so, and then I will probably be limited on the quantity I can submit.

[rjackson44]

Could care less

[bnorth]

Originally Posted by rjackson44

Could care less

How much less could you care?

I personally couldn't care less because it is just a hobby and I avoid their crap because I can buy the same card ungraded for pennies on the dollar.

[rjackson44]

Originally Posted by bnorth

How much less could you care?

I personally couldn't care less because it is just a hobby and I avoid their crap because I can buy the same card ungraded for pennies on the dollar.

Thank you ben

[Johnny630]

Very Smart Move By PSA. I'm hopeful a lot of net54 members will get invited.

Let's face it folks, there is a lot of new money in this industry $100 a card is peanuts newer investor guys with money. I think they're doing quite well at the $150 Level this new $100 I expect even better. Just because you wont submit at $100 a card doesn't mean thousands of others wont.

The $100 per card level will limit the flood of 90 Fleer basketball and other nonsense to keep them from backing up.

[bobbyw8469]

Originally Posted by Johnny630

Very Smart Move By PSA. I'm hopeful a lot of net54 members will get invited.

Let's face it folks, there is a lot of new money in this industry $100 a card is peanuts newer investor guys with money. I think they're doing quite well at the $150 Level this new $100 I expect even better. Just because you wont submit at $100 a card doesn't mean thousands of others wont.

The $100 per card level will limit the flood of 90 Fleer basketball and other nonsense to keep them from backing up.

Even with the opened up $100 level, you have to receive an invite to even submit at that level. I received no invite. I know of no one that has. That is why I started this discussion.

[Johnny630]

Originally Posted by bobbyw8469

Even with the opened up $100 level, you have to receive an invite to even submit at that level. I received no invite. I know of no one that has. That is why I started this discussion.

It's coming.

[Casey2296]

I just hope to get our Swingin' 60's submission back before I turn 60.

[bobbyw8469]

Originally Posted by Casey2296

I just hope to get our Swingin' 60's submission back before I turn 60.

LOLOLOLOL!!! Good one!!! By then, EVERY single card will have an upcharge. Except maybe the Don Mossi card.

[bobbyw8469]

There is a YouTube video that came out a couple days ago....the guy did a reveal...it took him A YEAR to get back his cards. He is complaining about the grades and how long it took, and his language is quite "colorful". It's funny to watch.....because everything he is saying is true.

[Johnny630]

Originally Posted by bobbyw8469

There is a YouTube video that came out a couple days ago....the guy did a reveal...it took him A YEAR to get back his cards. He is complaining about the grades and how long it took, and his language is quite "colorful". It's funny to watch.....because everything he is saying is true.

Bobby Can you post the link?

[jh691626]

Yeah, it seems like essentially it's a lottery, whereby PSA members will get an "allocation" to submit. Seems like if you get an invite, you will be allowed to submit a limited # of cards at the Regular level at $100 each. Sounds like they will be probably give invites for a small # of people for a small # of cards each at first to see if they can manage it. I have not gotten an invite. If I do, I actually have 2 cards to submit, so I will report back on the experience!

--Jeff

[bobbyw8469]

https://www.youtube.com/watch?v=Dpr9Y3znhyA

[bobbyw8469]

Originally Posted by jh691626

Yeah, it seems like essentially it's a lottery, whereby PSA members will get an "allocation" to submit. Seems like if you get an invite, you will be allowed to submit a limited # of cards at the Regular level at $100 each. Sounds like they will be probably give invites for a small # of people for a small # of cards each at first to see if they can manage it. I have not gotten an invite. If I do, I actually have 2 cards to submit, so I will report back on the experience!

--Jeff

I will need to look back at the 3,585 raw cards I have accumulated to see if there are any that are almost $1,000 that I would be willing to pay $100 to grade. I would think none. 95% of mine are between $50-$500.

[Johnny630]

Originally Posted by bobbyw8469

https://www.youtube.com/watch?v=Dpr9Y3znhyA

thanks

[bnorth]

Originally Posted by Johnny630

Very Smart Move By PSA. I'm hopeful a lot of net54 members will get invited.

Let's face it folks, there is a lot of new money in this industry $100 a card is peanuts newer investor guys with money. I think they're doing quite well at the $150 Level this new $100 I expect even better. Just because you wont submit at $100 a card doesn't mean thousands of others wont.

The $100 per card level will limit the flood of 90 Fleer basketball and other nonsense to keep them from backing up.

Couldn't agree more with the bold part. Why would they offer cheaper grading when people will line up to pay $100 for the exact same job they do for the $10 submissions. You won't see cheap grading again until people stop submitting insane amounts of cards at the higher price level.

[Jeff1970Red]

Originally Posted by Johnny630

Bobby Can you post the link?

We all were aware of the delays in grading much sooner than December 2020, when this sub was sent in. The guy comes of as a complainer with little to no knowledge of how cards are graded. Grading is not for everyone, please stick to raw if grading companies irk you that much.

Jeff D’Errico

[toledo_mudhen]

I for one - don't ever see a day where I will submit the stuff I normally submit at $100 per card.

so consider me DONE with PSA

Can hardly wait for the price on everything to go up just because grading fees are now normalized at $100+ per card.

Im guessing that my existing PSA Nrmt 55 Topps cards will go from $40 each to $140

I'll probably make a ton of money on ePay now - woohoo!

[Johnny630]

Originally Posted by Jeff1970Red

We all were aware of the delays in grading much sooner than December 2020, when this sub was sent in. The guy comes of as a complainer with little to no knowledge of how cards are graded. Grading is not for everyone, please stick to raw if grading companies irk you that much.

Jeff D’Errico

Agree he is just a complainer.

[Johnny630]

Originally Posted by bnorth

Couldn't agree more with the bold part. Why would they offer cheaper grading when people will line up to pay $100 for the exact same job they do for the $10 submissions. You won't see cheap grading again until people stop submitting insane amounts of cards at the higher price level.

Exactly

[parkplace33]

Originally Posted by bnorth

Couldn't agree more with the bold part. Why would they offer cheaper grading when people will line up to pay $100 for the exact same job they do for the $10 submissions. You won't see cheap grading again until people stop submitting insane amounts of cards at the higher price level.

You hit the nail right on the head. The days of submitting cards at $10 a card are over. PSA is making money at the $150 level and will make even more money at the $100 level.

This $100 lottery system intrigues me. I think it will drive up interest if you are selected. Almost like getting a golden ticket for the Willy Wonka factory

[Thromdog]

I’m mixed in this. It’s not really comparable to days past for them to charge $100 up to $1000 in value. Before, they had bulks and specials at $8-10 which had a $100 cap. Even their regular service level at $25 was for cards valued to $500.

It’s definitely an increase, I just don’t know how truly bad the increase really is.

That said, I think the way they’ve streamlined their processes (I think) makes more sense. Have heard several who have subbed at their Express level and gotten theirs back in reasonable time for PSA standards. Higher dollar reholders are whipping through quick instead of waiting a few months.

I agree with several here that it’s hard to really find things worth subbing for $100 unless I somehow lucked into a cheap pile of $1000 cards. But if you are a PSA fan and have some you wanna grade….it makes sense after sitting on your cards for the last 9 months.

[mrreality68]

Originally Posted by bobbyw8469

https://www.youtube.com/watch?v=Dpr9Y3znhyA

Some nice cards but

Wow I guessed he used the video to help overcome his shyness.

At least we all know how he feels on a ton of topics regarding them.

Very entertaining

[commishbob]

Originally Posted by bnorth

I personally couldn't care less because it is just a hobby and I avoid their crap because I can buy the same card ungraded for pennies on the dollar.

+1

[butchie_t]

Originally Posted by bobbyw8469

LOLOLOLOL!!! Good one!!! By then, EVERY single card will have an upcharge. Except maybe the Don Mossi card.

There will be an upcharge on getting his nose to fit in the holder just by itself, much less the rest of the card.

B. T.

[MikeGarcia]

[IMG]imagehost.vendio.com/a/2042957/view/MELOTTNORCROSS_NEW.JPG[/IMG]

[BobbyStrawberry]

So, if you get "invited" you have the privilege of paying $100 per card and then waiting for how long to get it back?

[bobbyw8469]

Originally Posted by BobbyStrawberry

So, if you get "invited" you have the privilege of paying $100 per card and then waiting for how long to get it back?

Not sure how long...but yes....if you get invited, then you have the priviledge of paying $100 per card.

[BobbyStrawberry]

Originally Posted by bobbyw8469

Not sure how long...but yes....if you get invited, then you have the priviledge of paying $100 per card.

Wow, that's ridiculous IMO.

[Eric72]

I wonder if people will start selling off their invitations...

[bobbyw8469]

Originally Posted by Eric72

I wonder if people will start selling off their invitations...

I don't know if they can....

[rjackson44]

Originally Posted by bobbyw8469

Not sure how long...but yes....if you get invited, then you have the priviledge of paying $100 per card.

Bobby envited lol

[samosa4u]

I heard the wait time is about three months.

[mintacular]

I have two subs that I sent there early last year, I am just happy that they are not opening too quickly or cheaply because I would like those cards back. Whomever in management that reacted WAY to slowly last year are the ones to blame for the mess.

[Eric72]

Originally Posted by bobbyw8469

I don't know if they can....

They'll probably try. Never underestimate a greedy opportunist and their disregard for the way things are supposed to work.

[Peter_Spaeth]

Originally Posted by Johnny630

Very Smart Move By PSA. I'm hopeful a lot of net54 members will get invited.

Let's face it folks, there is a lot of new money in this industry $100 a card is peanuts newer investor guys with money. I think they're doing quite well at the $150 Level this new $100 I expect even better. Just because you wont submit at $100 a card doesn't mean thousands of others wont.

The $100 per card level will limit the flood of 90 Fleer basketball and other nonsense to keep them from backing up.

They're already significantly backed up. People have had stuff there for over a year.

[sbfinley]

Originally Posted by bobbyw8469

Even with the opened up $100 level, you have to receive an invite to even submit at that level. I received no invite. I know of no one that has. That is why I started this discussion.

My understanding is that it will be raffle style, and I assume you’d have to pre-populate the submission or else people who get the chance will inevitably start selling their submissions and people will inevitable start buying them...

[Tyruscobb]

In an interview approximately one month ago, Nat Turner stated that returning to pre-COVID pricing levels is the ultimate goal. However, who knows when this will occur.

He also apparently stated that Pokémon and new basketball cards were the reason behind the huge backlog. I’m optimistic that we will return to somewhat reasonable prices one day. Until then, I will continue accumulating raw cards and wait.

[Eric72]

Originally Posted by Tyruscobb

...He also apparently stated that Pokémon and new basketball cards were the reason behind the huge backlog...

So, if they triple the cost to grade Pokemon and new basketball cards, will everything else return to pre-pandemic prices?

...

Even through rose-colored glasses, I don't see that happening.

[chadeast]

Originally Posted by Tyruscobb

He also apparently stated that Pokémon and new basketball cards were the reason behind the huge backlog.

If this is true, one would expect the market for these cards to crater as hundreds of thousands of them come back graded from PSA and are put up for sale. Curious, does anyone know if that is happening or has already happened?

[Tabe]

Originally Posted by mintacular

I have two subs that I sent there early last year, I am just happy that they are not opening too quickly or cheaply because I would like those cards back. Whomever in management that reacted WAY to slowly last year are the ones to blame for the mess.

Nat Turner said the reason they didn't is because they didn't want the bad publicity of buying the company and immediately raising prices or shutting down. So they got a mess instead. He also said they had a single day where they received 600,000 cards to grade. 600,000. One day.

[mrreality68]

Originally Posted by MikeGarcia

[IMG]imagehost.vendio.com/a/2042957/view/MELOTTNORCROSS_NEW.JPG[/IMG]

Thanks Mike for ensuring we follow the rules

Nice Card

[bobbyw8469]

Originally Posted by Tabe

Nat Turner said the reason they didn't is because they didn't want the bad publicity of buying the company and immediately raising prices or shutting down. So they got a mess instead. He also said they had a single day where they received 600,000 cards to grade. 600,000. One day.

Geez Louise!!!

[Aquarian Sports Cards]

Originally Posted by chadeast

If this is true, one would expect the market for these cards to crater as hundreds of thousands of them come back graded from PSA and are put up for sale. Curious, does anyone know if that is happening or has already happened?

Pokémon is WAY down off it's peak.

[Aquarian Sports Cards]

Originally Posted by Eric72

They'll probably try. Never underestimate a greedy opportunist and their disregard for the way things are supposed to work.

How much can you sell a 3 month wait $100 grading for, when I can just pay the $150 and get my cards back in 4 weeks?

[Tabe]

Originally Posted by bobbyw8469

Geez Louise!!!

Yeah, in that same interview, he said they were averaging something like 100,000 cards a day before the shutdown - while being able to grade 40,000. So they were losing ground every single day.

[steve B]

Do the people invited still have to pay the cover charge --- sorry--- membership?

They pretty much have to fall back to lower levels sometime. Their entire success is based on the registry competition. If nobody sends in their 25 cent card for grading they'll end up with a registry like SGC where my 5 1981 Topps accounted for a non negligible portion of the pop report, and ranked something like second.

[drcy]

Originally Posted by bnorth

How much less could you care?

I personally couldn't care less because it is just a hobby and I avoid their crap because I can buy the same card ungraded for pennies on the dollar.

+1 If I want my cards entombed in plastic I put them in in sandwich bags and microwave for 60 seconds