Posted By:
MW<< The vast majority of SGC cards I pop and submit to PSA come back with lower grades, even on old cards. >>
My experience and that of my customers tells me differently. I've "popped" over a hundred vintage PSA graded cards and re-submitted them to SGC. I would say that roughly 70% of the time, they come back graded lower. For quite some time I have also heard that some dealers allegedly receive preferential treatment when submitting to PSA. That combined with the current PSA scandal where a major PSA authorized dealer was supposedly grading and slabbing his own cards and circulating thousands throughout the hobby via "grade-and-trade" as well as through other PSA Authorized dealers, makes SGC easily the best bet right now. Anyone who would argue differently at this juncture either works for PSA or has many thousands of dollars invested in PSA graded cards and fears a substantial loss in equity.
<< PSA cards in equivalent grades to SGC almost always have a price premium. >>
Just not true. Here are some recent examples of major rookie cards or "benchmark" indicators:
1955-56 Parkhurst #50 Jacques Plante Rookie Card. SGC 92 value = $2555. SMR value for a PSA 8 = $2000. The typical range for a PSA 8 would be $1500 (low-end) to $2000 (high-end).
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=16309&item=1987402680
1963 Topps #537 Pete Rose Rookie Card. SGC 88 value = $2500. SMR Value = $1750. Recent PSA 8 sales have been in the $1300 (low-end) to $1500 range (high-end).
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=16273&item=1987165848
1968 Topps #177 Nolan Ryan Rookie Card. SGC 92 value = $1600. SMR Value = $1100. The typical range for a PSA 8 would be $900 (low-end) to $1200 (high-end).
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=16273&item=1987178574
As can be seen by these and other examples I could provide, SGC cards -- even those from the 1950s and 1960s -- have overtaken the values for similar PSA graded cards. And with the drastic loss of confidence from the current PSA scandal, I expect this gap to widen.