Collectors (PSA) Acquired SGC

[Schlesinj]

Companies will remain separate per Darren Rovell tweet.

[Casey2296]

Unfortunate, no good things for collectors will come of this.

[h2oya311]

Was looking to see if this was an early April Fool’s joke. Clearly it is not! Wow!

[Lucas00]

Hopefully this falls through...

[robw1959]

Oh no! Up go the fees.

[Peter_Spaeth]

Originally Posted by Casey2296

Unfortunate, no good things for collectors will come of this.

The hobby has not been about collectors for a long time. Investors, influencers, big businesses, breakers, you tubers, card doctors, pumpers, guys with t shirts ill-defined jobs and multiple devices calling each other bro', whatever.

[Lorewalker]

Yup this is big business now and all about profits. Will be interesting to see how this pans out and what Nat has in mind for SGC. If the companies stay separate maybe SGC will be for vintage...I can hope at least.

Either way not sure this is going to be too terrific for collectors, in general, especially the way Nat runs PSA.

[Peter_Spaeth]

Guess he finally made Dave an offer he couldn't refuse.

Look forward to the spin by the SGC fans.

[Peter_Spaeth]

https://twitter.com/darrenrovell/sta...Rx-1Hmr4TKbEyQ

[ValKehl]

Is this merger something that the anti-monopoly lawyers are likely to pursue?

[Lobo Aullando]

Probably too few zeros in the industry's annual revenue. I could be wrong, of course.

Originally Posted by ValKehl

Is this merger something that the anti-monopoly lawyers are likely to pursue?

[calvindog]

Originally Posted by lobo aullando

probably too few zeros in the industry's annual revenue. I could be wrong, of course.

🚨🚨🚨🚨

[JollyElm]

Any idea what the short-term will hold? Was going to put together another submission, but I want to do it at the current pricing and turnaround time, and not after it gets, well, PSA'd.

[Peter_Spaeth]

Originally Posted by JollyElm

Any idea what the short-term will hold? Was going to put together another submission, but I want to do it at the current pricing and turnaround time, and not after it gets, well, PSA'd.

Highly unlikely there will be any short term changes. The last thing PSA would want to do in the short term is stoke any fears this will enable them to raise prices.

[Directly]

PSA wont grade any 1909 JACK JOHNSON/JAMES JEFFERIES/MCVEY~Boxing Playing Card--SGC would--so there might be some internal changes--tier prices, etc.--

[Peter_Spaeth]

Originally Posted by Directly

PSA wont grade any 1909 JACK JOHNSON/JAMES JEFFERIES/MCVEY~Boxing Playing Card--SGC would--so there might be some internal changes--tier prices, etc.--

I had not considered that angle....

[brianp-beme]

Originally Posted by h2oya311

Was looking to see if this was an early April Fool’s joke. Clearly it is not! Wow!

I am still holding out that it is a Leap Year Day joke.

Brian

[parkplace33]

Originally Posted by Schlesinj

Companies will remain separate per Darren Rovell tweet.

I am surprised it took this long. I heard rumors of this years ago.

I now wonder about the future of SGC.

[ClementeFanOh]

This doesn't bode well, does it?

PeterSpaeth- my "spin" has been that I prefer the company that practices
customer service and is best at the actual job of grading the cards. I'm
guessing you can't wait to gainsay anyone who dares speak, so please
just provide that "spin" for the reader, and we can skip to the end.

Trent King

[refz]

Originally Posted by Peter_Spaeth

The hobby has not been about collectors for a long time. Investors, influencers, big businesses, breakers, you tubers, card doctors, pumpers, guys with t shirts ill-defined jobs and multiple devices calling each other bro', whatever.

Well said bro

[brunswickreeves]

My grading priorities are: 1) Cost of service, 2) Look of the holder and card in it, then 3) Turn around time. I suspect if SGC isn’t able to retain its uniqueness in these areas, collectors will flock to an alternative and drive up business of others like Beckett and CGC.

[mrreality68]

normally I do not mind mergers or buy outs. But the 2 biggest graders owned by the same parent company even if kept separate (for now I am sure down the line it will not stay that way) does not seem good for the collectors or for the industry in general.

[wolf441]

Originally Posted by Peter_Spaeth

The hobby has not been about collectors for a long time. Investors, influencers, big businesses, breakers, you tubers, card doctors, pumpers, guys with t shirts ill-defined jobs and multiple devices calling each other bro', whatever.

Great, I laughed with a mouthful of coffee and now have to change my shirt, thanks Pete! That last line is an absolute classic.

[SyrNy1960]

Originally Posted by Peter_Spaeth

The hobby has not been about collectors for a long time. Investors, influencers, big businesses, breakers, you tubers, card doctors, pumpers, guys with t shirts ill-defined jobs and multiple devices calling each other bro', whatever.

It truly is amazing how things have changed over the years. At 64, I liked collecting more before the world-wide web, and all of the above mentioned. Card shows, meeting people, and trading was fun.

[x2drich2000]

Originally Posted by brunswickreeves

My grading priorities are: 1) Cost of service, 2) Look of the holder and card in it, then 3) Turn around time. I suspect if SGC isn’t able to retain its uniqueness in these areas, collectors will flock to an alternative and drive up business of Beckett.

Considering Beckett is ultimately owned by Greg Lindberg, I would hope people would take into account that he benefits from them using Beckett. If you're not aware of who Greg is, here is some light reading on his ongoing issues and the impact he has had on people:
https://www.sportscollectorsdaily.co...ed-to-7-years/

https://www.justice.gov/criminal/cri...reg-e-lindberg

https://www.insurancebusinessmag.com...me-437531.aspx

https://cblife.com/

[hcv123]

This is so bad for so many reasons! I hope those emergency lights on Jeff's post indicate he or someone in a position to challenge this from a monopolistic perspective (potentially hurts Beckett and CGC the most) are going to do so. How can a single company be allowed to own 85% of a given market?

[ullmandds]

ugh! I only hope that maybe SGC ditches their current crapass holder in favor of PSA's.

[The Nasty Nati]

At this point I wouldn’t be surprised if Fanatics acquires PSA.

[raulus]

On the bright side…maybe SGC is finally getting a registry now!

[The Nasty Nati]

Maybe SGC will shrink their comically large grade font now.

[Gorditadogg]

Originally Posted by x2drich2000

Considering Beckett is ultimately owned by Greg Lindberg, I would hope people would take into account that he benefits from them using Beckett. If you're not aware of who Greg is, here is some light reading on his ongoing issues and the impact he has had on people:
https://www.sportscollectorsdaily.co...ed-to-7-years/

https://www.justice.gov/criminal/cri...reg-e-lindberg

https://www.insurancebusinessmag.com...me-437531.aspx

https://cblife.com/

There's a guy you can rely on for honest grading!

[jchcollins]

Originally Posted by ullmandds

ugh! I only hope that maybe SGC ditches their current crapass holder in favor of PSA's.

I had this thought as well. They could keep the black insert and the tux look, but IMO SGC is overdue for some slab changes like making them thinner, incorporating QR codes, etc.

[wondo]

It will be a couple of years before there is a noticeable change. I cannot fathom that morale at SGC has not been negatively impacted unless they shared the pie. Couple of things could happen:

1. Both entities are allowed to operate independently.
2. Collectors migrates vintage to SGC while keeping the PSA brand for newer cards.
3. PSA swallows SGC, maybe by offering a discounted crossover rate.
4. SGC becomes the "BVG" of the Collectors group.
5. SGC cards are allowed in the Registry.

Possibilities are endless!

[Svabinsky78]

One ring to rule them all, one ring to find them, One ring to bring them all, and in the darkness bind them

[raulus]

Originally Posted by Svabinsky78

One ring to rule them all, one ring to find them, One ring to bring them all, and in the darkness bind them

Does that make Nat gollum or Sauron in our tale?

[ullmandds]

Originally Posted by jchcollins

I had this thought as well. They could keep the black insert and the tux look, but IMO SGC is overdue for some slab changes like making them thinner, incorporating QR codes, etc.

i agree...the slabs are big, clunky...and not very protective...the come apart way too easily.

[RayBShotz]

Originally Posted by wondo

It will be a couple of years before there is a noticeable change. I cannot fathom that morale at SGC has not been negatively impacted unless they shared the pie. Couple of things could happen:

1. Both entities are allowed to operate independently.
2. Collectors migrates vintage to SGC while keeping the PSA brand for newer cards.
3. PSA swallows SGC, maybe by offering a discounted crossover rate.
4. SGC becomes the "BVG" of the Collectors group.
5. SGC cards are allowed in the Registry.

Possibilities are endless!

I believe when all is said and done, #3 will be the most likely outcome.

Most acquisitions start with IT and Finance absorption and move on from there. Over time all things will migrate as PSA works down process inventory at SGC and then swallows it whole.
SGC will be a fond memory 24-36 months after a completed deal; maybe sooner.

[Svabinsky78]

Originally Posted by raulus

Does that make Nat gollum or Sauron in our tale?

Lol....

I am thinking more like Mr. Potter from it's a wonderful life

[judsonhamlin]

I was thinking more like Grima Wormtongue

[robinsonmantle]

Another article on the Collectors purchase of SGC

https://www.sportscollectorsdaily.co...ingPc7KnfHG4Rk


Sent from my iPhone using Tapatalk

[The Detroit Collector]

Crazy news. Never would have expected this.

I can't believe there will be two separate slabs continuing long term. Eventually SGC slabs will become PSA. A crossover charge will be added.

I dont see how SGC slabs will be included in the registry. The regisity will show both PSA and SGC separately? I don't think that will work. It's probably going to be same business as usual, if you want to go into the PSA registry, you will need to crossover.

In the end this gives PSA a huge amount of influence in the hobby. Pricing, grading times.

SGC will grade some cards that PSA wont. Makes me question how that will work moving forward.

[Rhotchkiss]

While I don’t love this, my gut is it will somehow all work in the end. It usually does. Nothing I can do about it and I will still be collecting cards, so it will be what it be.

[clamendo]

Originally Posted by raulus

On the bright side…maybe SGC is finally getting a registry now!

Agreed.


Sent from my iPhone using Tapatalk

[The Nasty Nati]

I do think PSA will eventually fold SGC, like over the next 5 years. By doing so they will eliminate the vintage competition (and some of their modern competition). Vintage and Pre-War collectors won’t have a choice, because who actually submits vintage to Beckett or CGC? They’ll have to submit to PSA. And think of all the money they could potentially make with all the collectors who will cross their old defunct SGC slabs to PSA. And I’m sure they paid a good chuck of change for SGC. Best way to make that money back unfortunately is cut payroll at SGC, sell the parts, and fold the company.

To me it makes little to no sense for them to keep SGC operating. It does for the short term, but not in 5+ years.

Let’s hope I’m wrong though. Competition is good for everyone, and you can’t beat the customer service at SGC (at least compared to PSA). I really hope this acquisition doesn’t go through. What’s next, Fanatics acquiring PSA?

[Johnny630]

Collectors has done a really good job with their acquisition of Goldin I believe the same will occur with their pick up of SGC. Nate Turner and his investment/business team are smart forward-thinking people. I see this as a positive going forward.

[gunboat82]

Originally Posted by The Detroit Collector

Crazy news. Never would have expected this.

I can't believe there will be two separate slabs continuing long term. Eventually SGC slabs will become PSA. A crossover charge will be added.

I dont see how SGC slabs will be included in the registry. The regisity will show both PSA and SGC separately? I don't think that will work. It's probably going to be same business as usual, if you want to go into the PSA registry, you will need to crossover.

In the end this gives PSA a huge amount of influence in the hobby. Pricing, grading times.

SGC will grade some cards that PSA wont. Makes me question how that will work moving forward.

Collectors Universe could do a big marketing push that involves a special rate for SGC-to-PSA crossovers, with the idea that PSA will house the industry's only registry and cater to "true hobbyists" like the YouTube bros who track cards with stock tickers. They could spin off SGC into a BCCG-like club, where dinosaurs like me pay $99.95 a year for the privilege of continuing to use SGC.

[The Detroit Collector]

Originally Posted by gunboat82

Collectors Universe could do a big marketing push that involves a special rate for SGC-to-PSA crossovers, with the idea that PSA will house the industry's only registry and cater to "true hobbyists" like the YouTube bros who track cards with stock tickers. They could spin off SGC into a BCCG-like club, where dinosaurs like me pay $99.95 a year for the privilege of continuing to use SGC.

Unfortunately, from a business standpoint I agree with you, this is what will happen.

[parkplace33]

I had some talks with a few collectors friends this morning. Many are sadden with this decision. And I don't believe PSA will cross SGC cards at the current SGC grade.

I like SGC cards, but I am now very hesitant to buy them right now until I hear additional information about this buyout. It will be interesting to see what impact this has on SGC cards in the future.

[Leon]

Unless Nat starts grading cards himself, I think this is a postive for the hobby. I think CGC will move up too...
.

[Johnny630]

Originally Posted by parkplace33

I had some talks with a few collector friends this morning. Many are saddened by this decision. And I don't believe PSA will cross SGC cards at the current SGC grade.

I like SGC cards, but I am very hesitant to buy them right now until I hear additional information about this buyout. It will be interesting to see what impact this has on SGC cards in the future.

Great Point….. however this morning after speaking with several prominent collectors and owners of major SGC Cards, aren’t you responsible for a business when you acquire it aren’t you going to be responsible for their grades and their standards? I was told by these fellow collectors they believe lawsuits are going to occur if they do not back up the product that they bought. What are your thoughts on that?

My question to you is will you and the hobby as a whole still submit going forward to SGC?

If SGC continues to grade the high volume of cards monthly that they have been if people still have confidence and send them cards to grade, they will stay separate. If that drops off and drops off drastically, I believe PSA will take over the full grading aspect of SGC, what are your thoughts on that?