How many cards is PSA getting at the $150 level?

[parkplace33]

I enjoy seeing the net54 post about how the backlog at PSA is going. My question is the flip side… anyone know how many cards (either daily, weekly or monthly) PSA is getting at the $150 level?

Would like this data point to see if/when PSA will open up lower levels. If they are getting large submissions and making money at the $150 level, I imagine they would be reluctant to open up lower levels anytime soon.

Funny, I remember talking to a card dealer when PSA effectively shut down submission in March. My initial thought was that this shut down would last a few months, be back to normal by fall. The card dealer told me that “this is the end of submissions under $100”. I laughed it off.

Seven months later, I am no longer laughing and am concerned this is the new normal.

[Pat R]

I don't know but they are still a year behind on the group subs despite shutting down the lower level submissions 7 months ago. The last group sub I was in took 3 months just to log in.

[parkplace33]

Originally Posted by Pat R

I don't know but they are still a year behind on the group subs despite shutting down the lower level submissions 7 months ago. The last group sub I was in took 3 months just to log in.

Thanks, the backlog is another concern I have about levels. If it is taking them this long to get back to people, do they want to start that process all over again?

[glynparson]

No way $100 minimum is the new normal
Forever. Not going to happen. They know Long term they need the registry. Which requires some cheaper services. It may never be $5 a card again but it will get below a hundred someday.

[Peter_Spaeth]

Originally Posted by glynparson

No way $100 minimum is the new normal
Forever. Not going to happen. They know Long term they need the registry. Which requires some cheaper services. It may never be $5 a card again but it will get below a hundred someday.

I predict $50 as the eventual lowest level but who knows. Even at that level, there are a shit ton of cards people used to submit routinely that they won't any more.

[Aquarian Sports Cards]

I know I have thousands of vintage cards where consignors are content to wait until an appropriate level opens at PSA rather than go with another company. Maybe a quarter of those would be worth it at $100, the rest will need something in the $50 range or a bulk option. My consignors, to this point, are willing to wait.

[Peter_Spaeth]

Originally Posted by parkplace33

Thanks, the backlog is another concern I have about levels. If it is taking them this long to get back to people, do they want to start that process all over again?

I am guessing people are now hoarding massive numbers of cards waiting for a lower pricing tier to open. I would imagine that unless they can somehow stagger or limit it, there will be an absolute flood of new submissions the day they open up a tier.

[mrreality68]

Originally Posted by Peter_Spaeth

I am guessing people are now hoarding massive numbers of cards waiting for a lower pricing tier to open. I would imagine that unless they can somehow stagger or limit it, there will be an absolute flood of new submissions the day they open up a tier.

+1 Agree

[ullmandds]

Originally Posted by mrreality68

+1 Agree

modern cards mostly I'd guess?

[bobbyw8469]

Originally Posted by Peter_Spaeth

I am guessing people are now hoarding massive numbers of cards waiting for a lower pricing tier to open. I would imagine that unless they can somehow stagger or limit it, there will be an absolute flood of new submissions the day they open up a tier.

Bingo!!! I've got two long boxes of raw. Not junk either. We are talking, Honus Wagners, Jackie Robinson, Willie Mays, Mickey Mantle, etc. Not worth enough to pay $100 per card, not worth enough to pay $30 a card, but worth enough to pay $10 a card.

[Peter_Spaeth]

Originally Posted by bobbyw8469

Bingo!!! I've got two long boxes of raw. Not junk either. We are talking, Honus Wagners, Jackie Robinson, Willie Mays, Mickey Mantle, etc. Not worth enough to pay $100 per card, not worth enough to pay $30 a card, but worth enough to pay $10 a card.

I suggest you look elsewhere my friend. I cannot imagine PSA is ever coming back to 10 buck subs.

[jingram058]

Originally Posted by bobbyw8469

Bingo!!! I've got two long boxes of raw. Not junk either. We are talking, Honus Wagners, Jackie Robinson, Willie Mays, Mickey Mantle, etc. Not worth enough to pay $100 per card, not worth enough to pay $30 a card, but worth enough to pay $10 a card.

THAT is basically where I was going with my questions.

[ullmandds]

Originally Posted by bobbyw8469

Bingo!!! I've got two long boxes of raw. Not junk either. We are talking, Honus Wagners, Jackie Robinson, Willie Mays, Mickey Mantle, etc. Not worth enough to pay $100 per card, not worth enough to pay $30 a card, but worth enough to pay $10 a card.

id think wagners would be worth more than $10 to grade...unless youre talkin' 76 topps?

[chadeast]

I've also been amazed at how long this has gone on, and how many cards are being submitted at $150 per.

The interesting part of this to me is that anything at $30/card and up pretty much means the end of grading commons, thus the end of graded set collecting. Graded set collecting is what built the registry, and there seems to be a broad consensus that PSA leads the industry, and gets a premium due to the registry. So if we're seeing the end of grading commons, and thus graded sets, what does that mean for the registry, and ultimately for PSA's leadership position? Maybe the registry will somehow continue to thrive with only $100+ cards? Who knows where this ends?

[Snowman]

They're probably not going to tell us the numbers for that. It's sorta like showing your hand in poker. But we do know that they dropped the price from $200 to $150 to increase demand for Express submissions, so they must have felt they weren't getting enough volume at $200. Obviously $150 increases that demand, but probably not substantially. They can't sustain the business at the $150 level, they can only milk us for it while they continue to hack away at the backlog. Regardless, Nat Turner recently said that they will be reopening at least one more service level at some point in Q4. In the past, they've typically made big changes on the 1st of the month, so I would expect to see Regular service reopened, possibly at the $100 level?, on either Nov 1st or Dec 1st. That's my best guess.

[Snowman]

There is no scenario whatsoever where they don't eventually offer submissions below $100. There's no scenario whatsoever that they don't eventually reopen service levels at $50 or below either. Some people are just stupid. Don't listen to stupid people.

[parkplace33]

Originally Posted by Snowman

They're probably not going to tell us the numbers for that. It's sorta like showing your hand in poker. But we do know that they dropped the price from $200 to $150 to increase demand for Express submissions, so they must have felt they weren't getting enough volume at $200. Obviously $150 increases that demand, but probably not substantially. They can't sustain the business at the $150 level, they can only milk us for it while they continue to hack away at the backlog. Regardless, Nat Turner recently said that they will be reopening at least one more service level at some point in Q4. In the past, they've typically made big changes on the 1st of the month, so I would expect to see Regular service reopened, possibly at the $100 level?, on either Nov 1st or Dec 1st. That's my best guess.

I can see the $100 level soon. But the other levels soon? Not so sure.

Has Nat made a statement about PSA recently? I can't find anything.

[jboosted92]

i dont know WTF is going on... but Mac Jones football donruss rookie is worth about $6.00 and PSA10 is going for $350? only cause there are 2? what happens when there are 10000 in 2 years

it makes no sense. The card came out 2 months ago

Originally Posted by parkplace33

I enjoy seeing the net54 post about how the backlog at PSA is going. My question is the flip side… anyone know how many cards (either daily, weekly or monthly) PSA is getting at the $150 level?

Would like this data point to see if/when PSA will open up lower levels. If they are getting large submissions and making money at the $150 level, I imagine they would be reluctant to open up lower levels anytime soon.

Funny, I remember talking to a card dealer when PSA effectively shut down submission in March. My initial thought was that this shut down would last a few months, be back to normal by fall. The card dealer told me that “this is the end of submissions under $100”. I laughed it off.

Seven months later, I am no longer laughing and am concerned this is the new normal.

[Peter_Spaeth]

Originally Posted by jboosted92

i dont know WTF is going on... but Mac Jones football donruss rookie is worth about $6.00 and PSA10 is going for $350? only cause there are 2? what happens when there are 10000 in 2 years

it makes no sense. The card came out 2 months ago

Flip power!!!