How many cards is PSA getting at the $150 level?
 

I enjoy seeing the net54 post about how the backlog at PSA is going. My question is the flip side… anyone know how many cards (either daily, weekly or monthly) PSA is getting at the $150 level?

Would like this data point to see if/when PSA will open up lower levels. If they are getting large submissions and making money at the $150 level, I imagine they would be reluctant to open up lower levels anytime soon.

Funny, I remember talking to a card dealer when PSA effectively shut down submission in March. My initial thought was that this shut down would last a few months, be back to normal by fall. The card dealer told me that “this is the end of submissions under $100”. I laughed it off.

Seven months later, I am no longer laughing and am concerned this is the new normal.

I don't know but they are still a year behind on the group subs despite shutting down the lower level submissions 7 months ago. The last group sub I was in took 3 months just to log in.

Thanks, the backlog is another concern I have about levels. If it is taking them this long to get back to people, do they want to start that process all over again?

They will eventually be back
 

No way $100 minimum is the new normal
Forever. Not going to happen. They know Long term they need the registry. Which requires some cheaper services. It may never be $5 a card again but it will get below a hundred someday.

I am guessing people are now hoarding massive numbers of cards waiting for a lower pricing tier to open. I would imagine that unless they can somehow stagger or limit it, there will be an absolute flood of new submissions the day they open up a tier.

They're probably not going to tell us the numbers for that. It's sorta like showing your hand in poker. But we do know that they dropped the price from $200 to $150 to increase demand for Express submissions, so they must have felt they weren't getting enough volume at $200. Obviously $150 increases that demand, but probably not substantially. They can't sustain the business at the $150 level, they can only milk us for it while they continue to hack away at the backlog. Regardless, Nat Turner recently said that they will be reopening at least one more service level at some point in Q4. In the past, they've typically made big changes on the 1st of the month, so I would expect to see Regular service reopened, possibly at the $100 level?, on either Nov 1st or Dec 1st. That's my best guess.

I've also been amazed at how long this has gone on, and how many cards are being submitted at $150 per.

The interesting part of this to me is that anything at $30/card and up pretty much means the end of grading commons, thus the end of graded set collecting. Graded set collecting is what built the registry, and there seems to be a broad consensus that PSA leads the industry, and gets a premium due to the registry. So if we're seeing the end of grading commons, and thus graded sets, what does that mean for the registry, and ultimately for PSA's leadership position? Maybe the registry will somehow continue to thrive with only $100+ cards? Who knows where this ends?

There is no scenario whatsoever where they don't eventually offer submissions below $100. There's no scenario whatsoever that they don't eventually reopen service levels at $50 or below either. Some people are just stupid. Don't listen to stupid people.

+1 Agree

modern cards mostly I'd guess?

I predict $50 as the eventual lowest level but who knows. Even at that level, there are a shit ton of cards people used to submit routinely that they won't any more.

I know I have thousands of vintage cards where consignors are content to wait until an appropriate level opens at PSA rather than go with another company. Maybe a quarter of those would be worth it at $100, the rest will need something in the $50 range or a bulk option. My consignors, to this point, are willing to wait.

Some things, like baseballs, photos, programs, jerseys and all sorts of memorabilia of the like are obvious, and grading, per se, really isn't necessary or in some cases even done. But say you have a raw 1933 Goudey Ruth, or a 1952 Topps Mays, or next level down, a 1965 Topps Koufax. Say you have no graded cards, and know nothing about the card grading process. What are your options at this point? How long does the grading process take? What does it cost to get a card, or cards, graded?

That information should be readily available on each grading company's website.

Then why are you guys here talking through a thread about how long it takes and how much it costs, if it is so readily available?

i dont know WTF is going on... but Mac Jones football donruss rookie is worth about $6.00 and PSA10 is going for $350? only cause there are 2? what happens when there are 10000 in 2 years

it makes no sense. The card came out 2 months ago

The thread is about whether and when the current pricing at PSA is likely to change.

Flip power!!!

Are you just not capable of answering simple questions about pricing, or length of time for a submittal to go through? Am I just too low on the totem pole here?

You asked generally what are the options for grading cards. That isn't a short answer. There are several major grading companies and at least two new ones. They all have different tiered pricing, different expected turnaround times at each level. I don't know all this information. I don't submit myself. I don't even know all the service levels at PSA or their turnaround times, much less at all the other companies such as SGC and Beckett. Just go to the website(s), why can't you do that?

This is like the post the other day where a guy asked, is so and so a member here, when all he had to do was look at the members list.

Right now the express level ($150 a card) is about a 1 month wait.

https://www.psacard.com/pricing

I’m all for high service rates and short term around times over lower rates with long lengthy turn around times. Grading is great but it’s not a necessity it’s a luxury. I feel PSA has done a really good job with this re-opening of the phases I suspect November or December maybe down to 100 or 125 I’m more than fine with that.

Just some input, FWIW. As nice vintage stuff blew up in price, I can only afford a very occasional item.

However, I still want to be an active collector, very much enjoy the hobby. Last year I assembled a lot of 100 and a lot of 50 to send to PSA the very end of last year. They were modern submissions primarily of serial numbered cards of Steph Curry, Giannis, & Mike Trout. All cards submitted were from ebay raw purchases. Of course, I only sent in what I thought had a chance at a 10, and kept the rest as raw. I recently got them back with a very nice GEM MINT rate little over 50%. It was fun accumulating, and fun finally getting them back all 9's and 10's. My hobby bug was satisfied moving in this direction rather than oogling over vintage I could rarely afford.

Now, if PSA doesn't eventually offer something in the neighborhood of a $20-30. submission tier, then I will be shut out of even this type submission - won't be happy.

I really hope PSA opens back up a reasonable priced tier to accept the $10.-100. value raw cards. My guess is they will, but limit the number of cards any one person may submit. Therefore, they won't get overwhelmed with dealers and case breakers sending in bjillions at a time. They would also keep the registry commons viable for set and registry collectors.

They recieved 45000 in march all over $150

'

Thanks. What about April - October?

Hasnt been updated

Sent from my SM-N950U using Tapatalk

I can see the $100 level soon. But the other levels soon? Not so sure.

Has Nat made a statement about PSA recently? I can't find anything.

Bingo!!! I've got two long boxes of raw. Not junk either. We are talking, Honus Wagners, Jackie Robinson, Willie Mays, Mickey Mantle, etc. Not worth enough to pay $100 per card, not worth enough to pay $30 a card, but worth enough to pay $10 a card.

I suggest you look elsewhere my friend. I cannot imagine PSA is ever coming back to 10 buck subs.

THAT is basically where I was going with my questions.

It's a fascinating topic. My own guess is that collectors hoping for a return to $10 grading from PSA will never have their hopes realized (unless we see a total collapse in prices, in which case they may change their minds about submitting).

$20 seems like the lowest possible number they'd go for some type of bulk submission with likely very long waits on return.

as someone said, the set registry for commons is key to all this.

The only way I see $20 or lower coming back is with literally 2-3 year wait times. Totally not worth it to me.

id think wagners would be worth more than $10 to grade...unless youre talkin' 76 topps?

This is from the March update

https://www.psacard.com/articles/art...ate-april-2021

We will take a tiered approach to reintroducing these service levels. Our goal is to bring all suspended service levels back by July 1, 2021.

😕

I sent in a $150 submission last month. I got it back in 23 days door to door.

Just collect raw cards and save yourself the headaches. When you look to sell, if ever, send in the cards that merit it. Or better yet, have the AH handle it instead.

I'm currently 10 days into an express submission. Time will tell...

That's quick, I'd be very pleased with 23 days door to door :-)

I have a stack of low grade prewar cards for resale that I'm hoping to send to PSA some day. I could be dreaming, but I'm hoping for a standards price for cards with a declared value of less than $100 at $10/card, and a Collector Club or bulk special at $8/card. If the prices are higher than that, then it's really not worth sending in since these cards are probably only worth $20-$25 each at best.

4 Sharp Corners for years sent in massive numbers of cards that even in high grade holders weren't worth much. Cards you don't really expect to see graded. Obviously, the model worked for them. One wonders if PSA really has cut them off or is still taking care of them behind the scenes, as such a major customer.

As of 2 months ago PSA was still taking care of some of the larger auction houses, from all appearances. Not seeing 4SC sending those emails every Mon telling us they just added 10,000 cards to their inventory. Just cannot see a scenario where they extended suspensions to everyone. Think it was intended to slow the masses down.

As one who had had a bulk submission with PSA since May 2020, I really no longer care about any new submission rates. Their arrogant attitude and sloppy management, coupled with the time value of money and reduced cash flows, means I am through with them. Any new card grading will, by default, now go to SGC, and I have no interest in any of the new grading cos.

There you go again with this nonsense. Nobody is asking whether or not bulk submitters like the major auction houses still get their discounts on Express service and higher. We're talking about the cheap bulk value tier services below $20 per card. If you want to keep perpetuating this falsehood about certain customers still being able to submit at these lower-level tiers, perhaps you should show some evidence of this claim. The fact that you repeat it does not make it true.

You, again? I am flattered by the attention you pay me. I forgot that only you can make posts about the inner operations of PSA, eBay, SGC and PWCC. I will stay in my lane.

The days of $8-10 subs are likely gone. Even before they shut down, the bulk price was $12, then $20 for a hot minute before they shut down.

I participated in a PSA survey some months ago. There were dozens of hypothetical prices and service levels and delivery times thrown out in all sorts of combinations.
I certainly don't remember all the possible permutations, but I remember clearly that the lowest price point being considered in any scenario was $30.

My PSA info
 

I may have stated this on another thread a week or two ago....I have it in writing from somebody near the top of the food chain at PSA that my bulk waiver sub pricing would go to $20 per card when they "open" up bulk waiver subs again (and in early 2021 was told likely by this Fall - Ha!). They said the price could be as low as $18 per card as long as I did $100K in submissions annually.

Personally, I will never ever get near $100K in submissions as at $18 per card as that equates to 5,555.556 cards.

Have had discussions with Cosetta about how this kills most all of us Set Registry nerds, and back in May she was still distraught at how they had no resolution for us/her regarding this now difficult issue. I have not followed up with her on an update of late, but likely will soon.

Just to give an update on timing, I just got back my “value modern” sub that arrived at PSA on 11/18/20 the other day (10/22/21). It didn’t get accepted to PSA until early Feb.

My "varies by demand" cards that ARE ALREADY psa graded, but back for card grade, passed a year this week. Still a few months away