Collectors (PSA) Acquired SGC

[Rhotchkiss]

Originally Posted by calvindog

Well, they're not incongruent. He had offers over the years that would have made him very wealthy but didn't take them in part because he felt that SGC customers could get screwed. And that is what largely made the prior offers not right for him. I know, because I spoke to him during that time period about them.

I can vouch for this. I had similar discussions. Dave is proud of SGC and he feels loyal to his customer-base, and he declined previous offers, at least in part, because it was not good for the brand, his customers, and employees. I had not spoken to Dave in several months (although we did text recently and I congratulated him), so I cannot vouch for the second part of Jeff’s post. But if the past is any indication of the present, I suspect Jeff’s second paragraph is accurate. That said, it’s now collectors’ company and I suppose they will do with SGC what they will. Time will tell.

Like many, I too have many cards in SGC flips. I think selling now would be a terrible idea, because buyers are likely vultures looking for panicked sellers. It may be worthwhile considering crossing cards, although I am not sure that is necessary, as it will always be an option (and perhaps PSA will give some deal/facilitate it down the line). As far as buying SGC flips, if I see a card I want in an SGC flip, I will buy it with confidence; indeed, I wouldn’t mind getting a deal bc people are scared to buy. Trust me, I wish this wasn’t happening- because it creates a lot of uncertainty and more likely downside than upside - but, for me, it’s business as usual. I would be much more pessimistic had SGC closed down, or been bought by Beckett or some lesser company.

End of the day, if I can get cards in SGC flips at a discount bc people are scared to buy, great!