This is not the cheapest PSA will get. They're just throttling down slowly so they don't get slammed with 10 million cards to start a new backlog. They're attempting to determine yield based on what they allow to be graded.
It's kind of like college admissions. You have space for 10,000 freshmen in dormitories in the fall. You only accept 10,000 students, and only 3,000 show up to campus, because the other 7,000 go to other colleges. You accept 50,000 and 17,000 show up. You have to predict your yield rate so that you have the right numbers in the future.
They are grading about 1 million cards a month now. So they're trying to figure out the formula to properly get sent 1 million cards a month long term, knowing that there are all kinds of years, values, stars/commons, etc that are sitting in bins waiting until it makes sense for the owners to send in for grading. They can't reopen $20 until they've exhausted demand at $30.
If you want to grade with PSA, just keep waiting.
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PWCC: The Fish Stinks From the Head
PSA: Regularly Get Cheated
BGS: Can't detect trimming on modern
SGC: Closed auto authentication business
JSA: Approved same T206 Autos before SGC
Oh, what a difference a year makes.
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