November Grading Numbers

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https://www.gemrate.com/november-2025-recap


Overall grading activity was ⬇ 17% in November compared to October and ⬆ 35% YoY.
On a per business day basis, grading activity was ⬆ 1% compared to October.
Grading activity totaled 2.23 million cards in November, down ~470k compared to October.
PSA graded 1.66m cards - ⬇ 16% vs October, ⬆ 31% YoY.
CGC graded 425k cards - ⬇ 20% vs October, ⬆ 95% YoY.
Beckett graded 74k cards - ⬇ 21% vs October, ⬆ 116% YoY.
TAG graded 39k cards - ⬇ 22% vs October, ⬆ 203% YoY.
SGC graded 35k cards - ⬇ 30% vs October, ⬇ 72% YoY.

What's Next for PSA?

If not for fewer business days, PSA's grading volume in November would have looked very similar to October.
That said, PSA continues to manage high demand even as it expands its operations. Turnaround times increased modestly in November, and there are no indications of meaningful holiday specials on the horizon.
With one month remaining in 2025, PSA has made a number of improvements across the collector experience; however, collectors who prioritize pricing and turnaround times may end the year feeling frustrated.
Looking ahead, 2026 is shaping up to be another exercise in threading the needle between continued expansion and maintaining the support of its core base.

What's Next for SGC?

SGC’s grading activity declined more than its peers in November, with vintage baseball representing the bulk of its current volume. This dynamic appears likely to remain in place for the foreseeable future.

What's Next for CGC?

CGC’s sports activity pulled back in November, while TCG momentum remained strong. As we close the year, continued experimentation with promotions and partnerships has helped position CGC with meaningful hobby momentum.

What's Next for Beckett?

Beckett’s momentum remained strong exiting November. However, some nuance is needed when interpreting the results, as a portion of October’s grading activity was reflected in November’s pop report updates. This timing shift means an already strong October was slightly understated and November somewhat overstated.
That said, while 2025 results are encouraging, Beckett will need to further build on this progress to keep momentum moving in the right direction.