Collectors (PSA) Acquired SGC

[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.

[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...
.

[The Detroit Collector]

Originally Posted by Leon

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

Respectfully I disagree.
Competition is good for the customers and collectors.
It allows prices to be low, grading times to be faster. It allows difference in slabs styles and diversity.
As some mentioned and I think it's a great point, I doubt PSA will crossover the same grade from SGC.

[BobbyStrawberry]

Originally Posted by Leon

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

Why do you think that, Leon?

My first reaction was the opposite...

[Leon]

The last time I spoke to SGC, at a National, they told me that Dave F was behind the curtain grading cards. Think about that for a minute.

Do I really need to say anything else?

ps... I think this bodes very well for CGC too...

Originally Posted by BobbyStrawberry

Why do you think that, Leon?

My first reaction was the opposite...

[Gorditadogg]

Originally Posted by Leon

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

.

Yes. I was surprised that CGC grades more cards than SGC currently.

Sent from my SM-S906U using Tapatalk

[calvindog]

Originally Posted by Gorditadogg

Yes. I was surprised that CGC grades more cards than SGC currently.

Sent from my SM-S906U using Tapatalk

TCG cards like Pokemon. That's mostly what they grade.

[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?

[RayBShotz]

With this news I expect by May submissions to SGC to be down 30-50%.
Who would submit now after hearing this?

[Lucas00]

Originally Posted by RayBShotz

With this news I expect by May submissions to SGC to be down 30-50%.
Who would submit now after hearing this?

I expect them to jump drastically in the short term as opposed to dropping. People want their cards graded by Sgc before any dumb changes take effect. Procrastinators with old labels, PC cards etc.

[Johnny630]

Originally Posted by RayBShotz

With this news I expect by May submissions to SGC to be down 30-50%.
Who would submit now after hearing this?

Because you’re a collector and you want what’s good for the industry and the hobbyist not just the investor and the guy who’s all about the quick flip I thought most of this board really were collectors and loved SGC maybe I’m wrong.

Ray what you said I agree with you I’m just trying to play the other side and see what the other side is thinking. Not trying to argue just trying to get the other view too. Let’s see what other say but I do agree with the drop off, probably sadly happening.

[jjbond]

I would assume that PSA looked at SGC's #s, and felt that they were on track to take a larger % of the market. Financially, it would make sense then to buy out SGC and close them down, if the cost of doing so was less than the market share loss they were projecting.

[D. Bergin]

I don't think there's going to be a mixed registry, or even a registry on the horizon. At least in the somewhat near-term.

People who send their stuff to SGC obviously don't really care about a registry to begin with. They just want accurate-ish grades, a quicker turnaround, and semi-attractive holders.

I think 1st things 1st, is the search engine for the pop report needs to be cleaned up. Just looking through the T206's while submitting, there can be multiple choices for the exact same card, while not even offering a choice on the various back variations within each brand that has them.

Can be even more confusing with many of the more obscure tobacco sets.

I don't know how much money PSA paid for SGC, but if most that was said is to be believed, hopefully there's language in the contract that forbids PSA from disappearing the brand or even many of it's practices from existence.

I've also just sent in 21 cards to SGC that I've been procrastinating on for awhile. Nothing to knock your socks off, but the announcement kind of motivated me to get it done. Figured I'd already dragged my ass on them for awhile...didn't want to give PSA 6 more months to drag their ass on them on top of that.

I have a hard time believing PSA spent a lot of money just to disappear SGC and alienate a load of vintage collectors in the process. Many who have no interest in losing contact with their cards for months (much, much longer in the not so distant past) on end, and likely wouldn't get a lot of their cards graded otherwise.

Whatever market share SGC has...PSA isn't going to just get it, simply by doing things the way PSA has always done things. SGC got most of that market share by doing certain things different from PSA to begin with.

A lot of collectors will just as soon keep most of their lower grade/value stuff raw, or in whatever holders they already reside in.