PSA is doing the right thing right now and they need to get rid of the backlog. The 85/15 split for backlog/new submissions is actually a great idea. In 5 months from now, when PSA kicks the backlog, grading will cheaper than most people can comprehend in 2023.
Right now PSA/CSG/SGC/BGS are grading 1.2 million cards a month. However, people are only submitting 400,000 cards a month. 800,000 of those cards are PSA/BGS backlogs. SGC/CSG have no backlogs right now and they are at $30/$20 respectively. Even cheaper when you can go SGC at $23 through a bulk submitter or $12 bulk through CSG.
By 2023, the big four grading companies will be grading 1.5 million cards a month or even more. BGS is ready to expand big time and PSA is opening a second location. Unless we see a second 2021 market boom in cards, grading will be ridiculously cheap with amazing turnaround times in 2023. I am not grading until prices go down. I am not a flipper, just a collector. So I am super excited about the future of the hobby for people who like grading as an opinion and a nice way to present our cards.
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