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

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.

Fast forward a year and it may be all PSA.

Or sooner.

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

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.

Psa
 

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)

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

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

In proportion to their market shares? :eek:

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.

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.

lol

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.

fyp

lol.:)

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.

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.

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'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.

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.

Psa
 

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.

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.

Klatch (also klatsch)
clique

as for the other
fanboy
or the Blowout version fanboi

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.

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.

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.

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'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.

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.

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

LOL. Thanks for being frank. :eek: 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.

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

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.

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.

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

I disagree. This would be the way to do it. Set up a new, larger facility and when ready, scoot the SGC employees over to the new building along with the PSA crews.

To what benefit? Why would Collectors want SGC gone? This makes zero sense. You guys are just afraid of the boogeyman.

I'm laughing Snow!

The Boogeymen of Net54 Omg SGC Slabs could go away!! My cards could lose
Value…

I suppose when there is a potentially sizeable price tag associated with the boogeyman coming to town, it’s only natural to fear his possible appearance, even if the probability is low.

SELL SELL SELL!!!

Hush now son or the enclave of fanboys will have to deport you.:eek:

A thousand apologies for my blasphemy. Hopefully the high priests don’t excommunicate me.

I think they had a central Jersey one that house the photo team. I think that closed.

They definitely grade out of New Jersey. Raw cards requiring ebay authentication ship to their New Jersey facility.

There isn't any question that SGC will disappear over time. There are obvious cost synergies to be obtained (as with every acquisition) that will be attained. If PSA can reasonably absorb SGC's share into PSA, it makes little sense to have a separate operations process, corporate structure, procurement mechanism, website, submissions process, etc. That's all just added cost for no real benefit.

PSA? Florida? I'll just roll my eyes and say "No!"

:rolleyes:

Hey, wow! Does anyone envision the super prized and highly collectible double slabbed card for just twice the price? "Hey, this is a Babe Mantle Shlabotnik PSA 8.0 and SGC 8.5, the only one in existence! And because I like you, I'm willing to let you have it for x00,000! And I'll throw in this bottle of hooch free of charge."

;)

How is shipping cards anywhere to be graded "efficient"? Mine will very efficiently just stay in my binder at home.

;)

7) stalwart
8) lemming
9) true believer
10) fanboy
11) real frantic one (with apologies to Stan Lee)
12) PSA zombie
13) buff
14) mindless devotee

;)

You are probably right on this part Snow. I guess my question now is on the demand piece.

To my knowledge, SGC has never graded more than 200k a month. The past year, they have been between 129k - 194k a month. Months vary, I get it, but do you think they will ever grade over 200k a month?

I've previously said, and still believe, that SGC will stay around. Their jersey authentication (Dave Grob) is known as the best in the business.

I was just saying, IF they were going to consolidate, they would set up shop at the same location, because it would be easier to acquire a building than hire and train an entire new workforce.

I think SGC will always be content with what they do and specialize in, vintage pre and post war. They never really tried to compete with PSA or CSG when it comes to Modern or Gaming Cards.

SGC Customers are predominately vintage collectors who enjoy their slabs and fast turn around times along with more affordable pricing. Idk what will happen...either way the card hobby will go on and be stronger than ever down the road.

The highlighted part is a huuuuuuuge component of going with SGC. Every time I'm at a show these days, the tables are flooded with tuxedos. An exponential rise from the 'old days.'
Dealers tell me, "Sure, they may sell for a little less (than PSA), but I get them back cheaply and immediately, so I'm ready for the show."

Nowadays, they usually don't even sell for less because PSA vintage graders have moved the goal posts down by about two full grades on average. Whereas SGC has only moved them down by about one full grade. You can get unlucky with any submission, but on average, you're typically going to get better/more accurate grades with SGC these days.

It's so busy nobody grades there anymore...

Agree, second place is just fine for them.

Great discussion! However, 62 posts and not a single card pictured…time for some. And, no better than the Top 10 highest ever sold. Tellingly, 8 of which are NOT in PSA holders and likely won’t be sent in for crossover for risk of mis-grading downward…our hobby’s mantra: buy the card not the grade (or holder).

https://www.cllct.com/sports-collect...ds-of-all-time

Great post! But the soiling on the Yellow Ruth and the diamond cut would preclude it from ever getting a "9" today. Just more meaningless numbers on PSA slabs.

The SGC brand isn't going anywhere.



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[QUOTE=parkplace33;2520027][B]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.[/

I will also point out that a Plano office would enable PSA to set up at every large Dallas Card Show (700 tables every 2 months) and not have to fly employees into the area. Currently, they set up at the DCS about 1x a year. This would, in my opinion only, take away Beckett's home court advantage away from the DCS.

I would say SGC has the bulk of the business at the Dallas Card Show, Beckett is only of interest to those with brand new out of the pack cards for the most part. When PSA does set up, they are busy but much of it is autographs and memorabilia, as well as cards.

I'll respectfully disagree as PSA was very busy during the May show with a bit of everything being submitted. SGC is in the hallway and has their own place but the BGS line is usually out of the door. I've never really seen a long wait at SGC and I do walk around quite a bit at the DCS

I will also say, that PSA has improved their submission process to a greater degree than it was even just a year ago. Their goal is to do things more efficiently for the customer's benefits and many of the complaints I heard in previous years at the DCS have now gone away. My fellow co-host on Hobby Hotline, the supremely talented Chris Carlin, has innovated many of those changes just as he made sure Upper Deck had the best customer care in the card manufacturing business when he ran that department

A major SGC bulk submitter said PSA will accept submissions in Boca starting in October :eek:

Is SGC bulk guy still taking SGC Submissions? Or could this be an indication of something else? Idk

Does the SGC bulk submitter know if SGC will be grading on-site at the National?