PSA has eliminated their "Monthly Specials"

[The-Cardfather]

FYI Everyone -

It appears that on February 1st, PSA did away with their "Monthly Specials" and replaced it with "Quarterly Specials".

https://www.psacard.com/specials/

[toledo_mudhen]

and Specials include 65 Business Day Turnaround

Seriously?

[Republicaninmass]

I have to ask an opinion here. They did this big "move" and specials and turn around times have gotten worse! Also, quarterly profits are in the toilet. Any chance they may have downsized? I'd imagine it would be in their quarterly reports in overhead reduction of some sorts. It's just beyond me how they made this huge stride, and things seem slower than ever. I guess we shall see, since they are a public company, how much grading had increased.

[swarmee]

I don't think that's it. They are still slammed right now because Aug 1 they changed their bulk submission prices from $7 to $8 a card for orders over 100. Everyone and their mom sent in a submission to beat that deadline, and they are still digging out from under it. Until then, everyone had been holding bulk commons for the last year and a half waiting for a monthly special to reduce pricing to $5-6 per card. Once the bulk pricing increase was announced, people who were holding out hope for a return to cheaper grading prices gave up that hope.
Heck, BGS still can't dig out of all of their "nonguaranteed" orders picked up at and after the 2017 National. Most of those orders took one year to complete and mail back to the owners of their cards. You would think that having to pay for card grading a year before getting them back in your hands would hurt their nonguaranteed business, but the delays are still approximately a year on that service. At least PSA doesn't charge you until the cards have been graded.

[Republicaninmass]

Hi John!

In the first one to bang the drum of PSA and their grading...but

THE TRUTH IS OUT THERE!

As a holder of CLTC stock, hoping they outperform on Tuesday!

[Yastrzemski Sports]

I was told that a big part of their large surge in business has been from the gaming market - Pokémon, Yogioh, Magic. I would think business is great for them.

[swarmee]

Originally Posted by Republicaninmass

As a holder of CLTC stock, hoping they outperform on Tuesday!

According to their publicity during their last quarter, their coin grading segment is the one that is underperforming. The fact that they won't give a discount to the $8 bulk to orders of 5,000 cards is kind of proof that they've got all the card business they can handle.
If you want to rumor monger that they've actually cut their throughput, make sure to wear your tin foil hat while doing it.