PSA to open a new joint SGC/PSA location in FL

[Snowman]

Apparently PSA is moving in next door to SGC per this article. I'm shocked! Shocked I tell you. Who could have ever seen this coming? Oh wait...

https://www.si.com/collectibles/news...s-01jwj00vw8wn

[BioCRN]

Originally Posted by Snowman

Apparently PSA is moving in next door to SGC per this article. I'm shocked! Shocked I tell you. Who could have ever seen this coming? Oh wait...

https://www.si.com/collectibles/news...s-01jwj00vw8wn

Really looking forward to the $20 "Cross The Road For A Crossover" SGC-to-PSA and PSA-to-SGC service before they ship or vault the card.

[Peter_Spaeth]

Fast forward a year and it may be all PSA.

[Lorewalker]

Originally Posted by Peter_Spaeth

Fast forward a year and it may be all PSA.

Or sooner.

[imdaman1964]

How is shipping cards to CA and then having them sent to FL for grading efficient?

Just get it over with and set up FL for vintage cards submitted directly.

I've been saying for years they need a minimum of 3 subset facilities

TCG/Modern/Vintage & Prewar with direct submission

[raulus]

Originally Posted by Peter_Spaeth

Fast forward a year and it may be all PSA.

Dammit, we already had this fight. We all agreed that it makes zero sense to kill a beloved brand, especially with so many in the enclave who refuse to ever give PSA a penny.

[OhioLawyerF5]

Originally Posted by raulus

Dammit, we already had this fight. We all agreed that it makes zero sense to kill a beloved brand, especially with so many in the enclave who refuse to ever give PSA a penny.

I mean, if you're planning to kill SGC within a year, opening a new PSA facility there seems counterproductive. They would just use the SGC facility. This seems like an indication they have no plans to kill SGC.

[ClementeFanOh]

This "acolyte" is amused by the term "enclave". Some people just can't
seem to understand that competition is healthy, and benefits the hobbyist
who uses the slabbing services. Not quite as easy as 2+2= 4, but pretty
darn close. Shaking my head at the myopia...

Sincerely (not really),

"Abbot" Trent King (or maybe "Novice-master", not sure which I prefer)

[4815162342]

Originally Posted by OhioLawyerF5

I mean, if you're planning to kill SGC within a year, opening a new PSA facility there seems counterproductive. They would just use the SGC facility. This seems like an indication they have no plans to kill SGC.

The article says that the “Boca Raton, Florida location … will share space with Collectors Universe counterpart SGC.”

[Peter_Spaeth]

Originally Posted by raulus

Dammit, we already had this fight. We all agreed that it makes zero sense to kill a beloved brand, especially with so many in the enclave who refuse to ever give PSA a penny.

No, we all did not agree. Lots of duplicative expenses and functions now. Depends on the math.

[Peter_Spaeth]

Originally Posted by 4815162342

The article says that the “Boca Raton, Florida location … will share space with Collectors Universe counterpart SGC.”

In proportion to their market shares?

[ValKehl]

Originally Posted by Peter_Spaeth

Fast forward a year and it may be all PSA.

And soon thereafter, SGC will have a special offer for collectors to have their SGC slabs converted to PSA slabs. When this happens, I'll probably give CGC a try.

[taul166]

Business-wise there will eventually be a merger of the two facilities with the consolidation of similar administrative functions happening sooner for economies of scale.

[Snowman]

Originally Posted by peter_spaeth

no, we all did not agree. Lots of duplicative expenses and functions now. Depends on the math.

lol

[raulus]

Originally Posted by ClementeFanOh

This "acolyte" is amused by the term "enclave". Some people just can't
seem to understand that competition is healthy, and benefits the hobbyist
who uses the slabbing services. Not quite as easy as 2+2= 4, but pretty
darn close. Shaking my head at the myopia...

Sincerely (not really),

"Abbot" Trent King (or maybe "Novice-master", not sure which I prefer)

You could always go with a slash. Abbot/novice-master! Although for my money, you can't go wrong with Hieromonk.

And I really have nothing against SGC. May they live long and prosper!

I will confess that I do derive sick pleasure from poking the bear from time to time, just to get a rise out of team SGC, simply because the response is perpetually so deliciously over the top.

The element around being absolutely opposed to a single farthing going to PSA while concurrently spending a lot at SGC does seem unusual to me, considering that they are under the same corporate parent, and therefore the odds are high that the residual cash flow ends up in the same shared parent bank account at some point.

[Peter_Spaeth]

Originally Posted by raulus

You could always go with a slash. Abbot/novice-master! Although for my money, you can't go wrong with Hieromonk.

And I really have nothing against SGC. May they live long and prosper!

I will confess that I do derive sick pleasure from poking the bear from time to time, just to get a rise out of team SGC, simply because the response is perpetually so deliciously over the top.

The element around being absolutely opposed to a single farthing going to PSA while concurrently spending a lot at SGC does seem unusual to me, considering that they are under the same corporate parent, and therefore the odds are high that the residual cash flow ends up in the same shared parent bank account at some point.

This isn't some giant conglomerate where the "parent" is a distinct enterprise with separate businesses beneath it. Nat Turner runs this show.

[Snowman]

Originally Posted by peter_spaeth

nat turner runs this shit show.

fyp

[Peter_Spaeth]

Originally Posted by snowman

fyp

lol.

[Lorewalker]

I do find it interesting that Collectors also picked Plano, TX for the other location. Wonder in what proximity to Beckett will they be located and if that city choice suggests a move to acquire the grading segment.

[parkplace33]

Each of the two locations will have its own focus. The Plano, Texas location which is expected to be online by July of this year, will be the centralized hub for ticket authentication and grading, which makes sense given the rapidly growing popularity of the sector. The Boca Raton, Florida location, which will share space with Collectors Universe counterpart SGC, will primarily focus on card grading and although collectors wont be able to directly submit to that location in the beginning maybe PSA will one day in future allow collectors to submit directly to that location.

To me, this is concerning for the SGC Brand.

[Peter_Spaeth]

Originally Posted by parkplace33

Each of the two locations will have its own focus. The Plano, Texas location which is expected to be online by July of this year, will be the centralized hub for ticket authentication and grading, which makes sense given the rapidly growing popularity of the sector. The Boca Raton, Florida location, which will share space with Collectors Universe counterpart SGC, will primarily focus on card grading and although collectors wont be able to directly submit to that location in the beginning maybe PSA will one day in future allow collectors to submit directly to that location.

To me, this is concerning for the SGC Brand.

Hush, you can't say that here without being attacked by the wolfpack. Besides, it's too beloved to ever be shut down.

[Johnny630]

I asked a longtime SGC Collector and dealer he thinks SGC is here to stay not going anywhere business and submissions are stronger than ever.

[jayshum]

Originally Posted by parkplace33

Each of the two locations will have its own focus. The Plano, Texas location which is expected to be online by July of this year, will be the centralized hub for ticket authentication and grading, which makes sense given the rapidly growing popularity of the sector. The Boca Raton, Florida location, which will share space with Collectors Universe counterpart SGC, will primarily focus on card grading and although collectors wont be able to directly submit to that location in the beginning maybe PSA will one day in future allow collectors to submit directly to that location.

To me, this is concerning for the SGC Brand.

I'm surprised ticket authentication is growing. It's rare to get actual tickets for anything now so I wouldn't think people would be rushing to start collecting tickets or get old ones graded.

[Lorewalker]

Originally Posted by Johnny630

I asked a longtime SGC Collector and dealer he thinks SGC is here to stay not going anywhere business and submissions are stronger than ever.

I do not want to upset any "acolytes" here but did your source see the data that was presented on a thread from the other day with the CGC and SGC numbers?

SGC graded 145k cards - ⬇13% vs Apr, ⬇17% YoY.

Not sure what April looked like compared to March. I am in the camp that would be disappointed if PSA did away with SGC but the article posted does not bode well for the longevity of SGC if we read between the lines of what Hoge was quoted as supposedly having said.

[ClementeFanOh]

PeterSpaeth- it's a "wolfpack" now, eh? Clever... Let me save you geniuses
time by providing synonyms for enclave and acolytes, as you try to outdo
each other while tongue punching the English language:

1) coterie (Oh, that one's fancy)
2) sect
3) bloc
4) apostle
5) henchman
6) zealot (another goodie!)

What's the snark phrase for guys who publicly bang on PSA but who secretly
have tied their collecting hopes to them? I'll hang up and listen. (Don't- the
question is rhetorical!) Trent King

PS- Maybe, just maybe, there are collectors who prefer another service to
PSA, who aren't members of a secret society. Yeah, that may actually work.

[Johnny630]

Originally Posted by Lorewalker

I do not want to upset any "acolytes" here but did your source see the data that was presented on a thread from the other day with the CGC and SGC numbers?

SGC graded 145k cards - ⬇13% vs Apr, ⬇17% YoY.

Not sure what April looked like compared to March. I am in the camp that would be disappointed if PSA did away with SGC but the article posted does not bode well for the longevity of SGC if we read between the lines of what Hoge was quoted as supposedly having said.

It sure doesn't sound good the writing seems to be on the wall… My dealer friend thinks that the numbers were down this month for sgc because they're flooded with cards and can't keep up with the grading.

[Peter_Spaeth]

Klatch (also klatsch)
clique

as for the other
fanboy
or the Blowout version fanboi

[Peter_Spaeth]

Originally Posted by Johnny630

It sure doesn't sound good the writing seems to be on the wall… My dealer friend thinks that the numbers were down this month for sgc because they're flooded with cards and can't keep up with the grading.

Yogi lives. We have so many cards to grade we graded fewer cards. Think about it, John, does that really make sense to you?

[Johnny630]

Originally Posted by Peter_Spaeth

Yogi lives. We have so many cards to grade we graded fewer cards. Think about it, John, does that really make sense to you?

No it doesn't make sense Peter...i think the main concern with SGC Owners and dealers is they may have big cards in SGC holders that PSA won't cross. They're concerned about what this does to their value down the road.

[Peter_Spaeth]

Originally Posted by Johnny630

No it doesn't make sense Peter...i think the main concern with SGC Owners and dealers is they may have big cards in SGC holders that PSA won't cross. They're concerned about what this does to their value down the road.

That I can understand, I have a bunch of older SGC grades as well that while great cards and I believe unaltered, are not going to cross under the new standards. If and when the brand is discontinued, I think inevitably it will become devalued.

[Lorewalker]

Originally Posted by Johnny630

It sure doesn't sound good the writing seems to be on the wall… My dealer friend thinks that the numbers were down this month for sgc because they're flooded with cards and can't keep up with the grading.

I am with Peter on this one. Does not make sense.

I think your source is speaking from a wishful thinking POV. And I get it. Losing SGC would be a horrible thing, especially to PSA. SGC prices were getting closer to the PSA counterpart.

[parkplace33]

When Collectors bought SGC, I thought the SGC brand would disappear in 1-2 years. I still stand by that thought.

If it does happen, I believe the following will take place;

1. SGC will stop taking submissions. All cards at SGC would be graded and mailed.
2. Collectors would say that the SGC brand will be going away, psa is the way to go, etc.
3. NO statement would come out about crossing. SGC card owners would need to decide what to do, if anything.
4. Life goes on. Card owners, if they wanted to grade, will use PSA, CGC, etc.

[Johnny630]

Originally Posted by Peter_Spaeth

That I can understand, I have a bunch of older SGC grades as well that while great cards and I believe unaltered, are not going to cross under the new standards. If and when the brand is discontinued, I think inevitably it will become devalued.

That's the scary thing for SGC collectors and investors...agree if this happens down the road it will inevitably devalue to what extent I don’t know. A lot depends on what the card is and how it looks along with it desirability.

It’s interesting that’s for sure.

[Lorewalker]

Originally Posted by parkplace33

When Collectors bought SGC, I thought the SGC brand would disappear in 1-2 years. I still stand by that thought.

If it does happen, I believe the following will take place;

1. SGC will stop taking submissions. All cards at SGC would be graded and mailed.
2. Collectors would say that the SGC brand will be going away, psa is the way to go, etc.
3. NO statement would come out about crossing. SGC card owners would need to decide what to do, if anything.
4. Life goes on. Card owners, if they wanted to grade, will use PSA, CGC, etc.

That is a limited explanation. What about all the millions of cards sitting in SGC slabs? This has to be the worst environment in which to try to crossover a card. PSA starts at -2 on the grading scale for most of the raw cards submitted to them. No incentive for them to grade SGC crossovers fairly.

[Peter_Spaeth]

Originally Posted by Lorewalker

That is a limited explanation. What about all the millions of cards sitting in SGC slabs? This has to be the worst environment in which to try to crossover a card. PSA starts at -2 on the grading scale for most of the raw cards submitted to them. No incentive for them to grade SGC crossovers fairly.

True, except for the more equal animals on the farm.

[parkplace33]

Originally Posted by Lorewalker

That is a limited explanation. What about all the millions of cards sitting in SGC slabs? This has to be the worst environment in which to try to crossover a card. PSA starts at -2 on the grading scale for most of the raw cards submitted to them. No incentive for them to grade SGC crossovers fairly.

I will be frank. In this scenario, Collectors doesn’t care. It’s all about the future.

[Lorewalker]

Originally Posted by parkplace33

I will be frank. In this scenario, Collectors doesn’t care. It’s all about the future.

LOL. Thanks for being frank. We all know that Collectors does not care. Not sure there is anything in the hobby more obvious than that. I was speaking with respect to the OWNERS of the millions of SGC slabs most of which will not crossover at remotely the same grade.

And it is not about the future. It is all about the money and that is ok. The hobby is not a non profit.

[parkplace33]

Originally Posted by Lorewalker

LOL. Thanks for being frank. We all know that Collectors does not care. Not sure there is anything in the hobby more obvious than that. I was speaking with respect to the OWNERS of the millions of SGC slabs most of which will not crossover at remotely the same grade.

And it is not about the future. It is all about the money and that is ok. The hobby is not a non profit.

Again, nothing. People who own those slabs will need to decide what to do, if anything.

[Peter_Spaeth]

Originally Posted by parkplace33

Again, nothing. People who own those slabs will need to decide what to do, if anything.

If it were just dollars and cents, I might sell now.

[Snowman]

Originally Posted by Peter_Spaeth

Yogi lives. We have so many cards to grade we graded fewer cards. Think about it, John, does that really make sense to you?

SGC is in fact flooded right now. They even had to increase their stated turnaround times as a result. One data point does not indicate a trend. Go look further back than just this last month. SGC demand is stronger than ever. The fact that they graded fewer cards could be attributable to numerous other factors that have nothing to do with consumer demand. 1. There were fewer working days last month than there were in the month and year/month prior. 2. International submissions were down due to the impact of tariffs. 3. They are preparing to share space with PSA. Surely some resources are being allocated to the logistics of that project. 4. Even just one grader going on vacation for a month could impact output by ~3%. If multiple graders are out at the same time, that number gets larger. If any graders quit or get fired, that will impact volume as well. I could go on, but you get the point.

[Snowman]

Something else worth remembering is that Nat Turner undoubtedly plans to take Collectors public at some point. There is no way in hell he's going to cut off the SGC brand before that happens. While you idiots may think that's the smart business move, I assure you the market will not.

Things could change after they go public and Nat Turner cashes out. Maybe the board will select a new CEO. Perhaps grading standards could become important again under new leadership. Perhaps the market will sour on the SGC brand. Perhaps it won't. Who knows. But as long as there is strong demand for SGC, they will remain.

[Yoda]

Didn't PSA take possession of a large facility in Northern New Jersey in the not too distant past?