Collectors (PSA) Acquired SGC

[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.

[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.

[Zan]

https://www.instagram.com/reel/C374_...F0ZmIyM3pjbQ==

[bnorth]

Originally Posted by Johnny630

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.

I seriously doubt the majority of people that own pictures of young athletic men in uniforms actually care. Most of the guys I email and trade with will not care in the least.

[Svabinsky78]

I don't think anything drastic will happen in the short term and SGC will continue to grade cards as SGC, and so long as that is the case, I will continue to submit to SGC. I have no aversion to acquire new cards in SGC slabs just because there is a question mark if SGC slabs will remain around for the long term. I have cards in old GAI slabs and old SCD slabs, even though those companies are long gone. I am not invested in the PSA registry and I am not OCD enough so as to be averse to having different slabs in my collection. I will also continue to submit to Beckett. I like their slabs and trust their grading, based on my own personal experiences.

[4815162342]

Originally Posted by Zan

https://www.instagram.com/reel/C374_...F0ZmIyM3pjbQ==

Well, he $eemed pretty happy.

[Svabinsky78]

PS......I hate hate hate PSA's oversized slabs. If Collectors does phase out SGC slabs, I do hope that at least they adapt some version of them for oversized cards.

[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...

[Peter_Spaeth]

One man's take from Blowout/BODA.

https://www.blowoutforums.com/showpo...6&postcount=37

[jchcollins]

Originally Posted by ullmandds

i agree...the slabs are big, clunky...and not very protective...the come apart way too easily.

Yeah. It's not a huge deal to me. The SGC slabs aren't any thicker than Pro-Mold or UltraPro mag cases. I guess I just care about the cards more. I've never had an issue with them coming apart. If you are a slab aesthetics person, I would agree they don't get first place. Although God knows PSA and their inability to holder so many things properly is as big of if not a worse problem.

[raulus]

Originally Posted by judsonhamlin

I was thinking more like Grima Wormtongue

No votes for Alfrid Lickspittle?

[BobbyStrawberry]

Originally Posted by 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...

Hmm, yes that's troubling.

It might be time for me to give CGC a try.

[D. Bergin]

Originally Posted by Zan

https://www.instagram.com/reel/C374_...F0ZmIyM3pjbQ==

Looked like a hostage video...if said hostage had just gotten paid a lot of money to "just shut up and do as you're told".

[bnorth]

Originally Posted by Peter_Spaeth

One man's take from Blowout/BODA.

https://www.blowoutforums.com/showpo...6&postcount=37

LOL, isn't that pretty much how every single company in the history of time has worked?

[Peter_Spaeth]

Originally Posted by bnorth

LOL, isn't that pretty much how every single company in the history of time has worked?

There are some uncomfortable truths in this business. Card doctoring and bidding shenanigans are endemic. Many are ignorant, turn a blind eye, or don't care. In the end, stuff prevails.

[ullmandds]

Originally Posted by Peter_Spaeth

There are some uncomfortable truths in this business. Card doctoring and bidding shenanigans are endemic. Many are ignorant, turn a blind eye, or don't care. In the end, stuff prevails.

i just hope "Stuff" continues to prevail until I'm ready to exit the "hobby!"

[bnorth]

Originally Posted by ullmandds

i just hope "Stuff" continues to prevail until I'm ready to exit the "hobby!"

I honestly wish you the best on that. It is beyond amazing to me the carnival ride has lasted this long.

[butchie_t]

‘I’ve got a bad feeling about this.” Han Solo.


Me too.

[parkplace33]

With this news, I am also curious to see how many SGC cards are in future big auctions. Will it have an impact?

[calvindog]

I just sent in 28 cards to SGC!

[samosa4u]

BREAKING NEWS: Fanatics just bought PSA !!!

[Casey2296]

Originally Posted by calvindog

I just sent in 28 cards to SGC!

I'm putting my order together today, I'm anticipating PSA's first genius move is to get rid of the black apron.

[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

[D. Bergin]

Originally Posted by calvindog

I just sent in 28 cards to SGC!

Dammit! You're already contributing to the backlog.

Turnaround time just went from 2 weeks to 3 months.

[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.

[StraightRaceCards]

Do you think this will drop prices of SGC slabs at all? PSA has always had a slight premium, but maybe the gap increases.

As an SGC guy, this may be an opportunity to look at buying more in the coming year.

I’ve always liked how quick SGC’s turnaround was and great service.

Interested to see how that plays out with collectors.

[vintagerookies51]

Aesthetics have always been the driver for me, which I think SGC's black slabs are significantly better for. Might make me rethink this going forward...

[Yoda]

I guess Dave Foreman just couldn't resist a big payday. Stuff and MONEY trumps all.

[FromVAtoLA]

If you want to file an anti-trust/monopoly complaint here’s how: https://www.justice.gov/atr/complaint-center

[Aquarian Sports Cards]

The practical consideration for me is that in the very near future I doubt cards that PSA rejected as minsize will subsequently get a number grade at SGC.

Minsize is way up at PSA (possibly thanks to the technology a fellow board member brought there) but easily 90% of my PSA rejects get a number at SGC. If said technology is shared with SGC that kills that avenue.

[jingram058]

Meanwhile...

I'll just continue to collect and admire my raw cards.

[sb1]

There may be two positives that come out of it, the SGC Registry brought back with new capital infusion(or they might go with a combined PSA/SGC Registry) AND crossovers may be much easier to get done as they now have no reason to "hate" on the host holder.

All of these posts are speculative and we really have no idea how it will turn out for the the companies or the consumers, only time will tell.

[calvindog]

Originally Posted by Yoda

I guess Dave Foreman just couldn't resist a big payday. Stuff and MONEY trumps all.

Dave doesn’t work in the Peace Corps, he runs a business and has a family. And there have been plenty of times he could have sold SGC but didn’t because he didn’t want to leave SGC customers holding the bag. He felt comfortable this time because SGC will largely remain SGC but with improvements that only Collectors can provide. It’s human nature to presume the worst, and some trepidation is understandable. But I don’t believe the sky is falling, I think SGC will become a better version of itself.

[4815162342]

Originally Posted by sb1

There may be two positives that come out of it, the SGC Registry brought back with new capital infusion(or they might go with a combined PSA/SGC Registry) AND crossovers may be much easier to get done as they now have no reason to "hate" on the host holder.

All of these posts are speculative and we really have no idea how it will turn out for the the companies or the consumers, only time will tell.

+1

A combined pop report would be nice as well.


Sent from my iPhone using Tapatalk Pro

[Johnny630]

Originally Posted by StraightRaceCards

Do you think this will drop prices of SGC slabs at all? PSA has always had a slight premium, but maybe the gap increases.

As an SGC guy, this may be an opportunity to look at buying more in the coming year.

I’ve always liked how quick SGC’s turnaround was and great service.

Interested to see how that plays out with collectors.

The big Question to Me is Will Submissions to SGC Continue to stay high at this level or will they drop off????? Time Will Tell...What's the Board Think?

[Peter_Spaeth]

If you're worried, it's easy enough to stop buying SGC cards. Less clear what to do if you own a lot, particularly in the prior versions of the flip. Best course probably not to panic.

[parkplace33]

Originally Posted by Peter_Spaeth

If you're worried, it's easy enough to stop buying SGC cards. Less clear what to do if you own a lot, particularly in the prior versions of the flip. Best course probably not to panic.

100 percent agree. I have seen posts on other sites asking if they should dump their SGC collection, sell now, etc.

I say stay the course and wait to hear how it plays out, then decide.

I will say that I do have trepidation in buying SGC slabs right now, but that could change when new information comes out.

[Vintageclout]

Originally Posted by calvindog

Dave doesn’t work in the Peace Corps, he runs a business and has a family. And there have been plenty of times he could have sold SGC but didn’t because he didn’t want to leave SGC customers holding the bag. He felt comfortable this time because SGC will largely remain SGC but with improvements that only Collectors can provide. It’s human nature to presume the worst, and some trepidation is understandable. But I don’t believe the sky is falling, I think SGC will become a better version of itself.

+1,000….well said Jeff!

[Peter_Spaeth]

Rumor on Blowout that Nat is also looking to sell Goldin Auctions.

[Snowman]

Originally Posted by Peter_Spaeth

Rumor on Blowout that Nat is also looking to sell Goldin Auctions.

I heard that as well. Sounds like he doesn't think the juice is worth the squeeze and just wants to cut bait, if true.

[raulus]

Originally Posted by Snowman

I heard that as well. Sounds like he doesn't think the juice is worth the squeeze and just wants to cut bait, if true.

Maybe the former owner can buy it back now. With any luck, at a discount to the original sales price.

[D. Bergin]

Originally Posted by Peter_Spaeth

Rumor on Blowout that Nat is also looking to sell Goldin Auctions.

Hmmm, would have thought he'd use SGC to funnel more vintage cards through Goldin, just like he does with PSA.

IMO, Goldin isn't going to be worth nearly as much without the PSA connection.

[Rhotchkiss]

Originally Posted by parkplace33

I will say that I do have trepidation in buying SGC slabs right now, but that could change when new information comes out.

Personally, I have no concerns on most cards I collect. SGC is a very reputable company and their grade and slabs stand scrutiny in the marketplace, unlike GAI or PRO. They are being acquired, not going out of business like GAI or PRO. And, they are being acquired by PSA, "The King of grading". I think there is an argument that SGC flips may get a bump as a result of their being acquired, and becoming part of PSA. I wont buy SGC hoping that becomes the case, but I currently have no concern whatsoever with SGC slabs.

From Jeff L: "Dave doesn’t work in the Peace Corps, he runs a business and has a family. And there have been plenty of times he could have sold SGC but didn’t because he didn’t want to leave SGC customers holding the bag. He felt comfortable this time because SGC will largely remain SGC but with improvements that only Collectors can provide. It’s human nature to presume the worst, and some trepidation is understandable. But I don’t believe the sky is falling, I think SGC will become a better version of itself"

Well said Jeff, I agree with you 1000%. Mazel to Dave, who held out for years looking for an option that would not leave "SGC customers holding the bag". Another reason I believe this deal will be fine for SGC customers and collectors.

[Exhibitman]

Originally Posted by Rhotchkiss

Personally, I have no concerns on most cards I collect. SGC is a very reputable company and their grade and slabs stand scrutiny in the marketplace, unlike GAI or PRO. They are being acquired, not going out of business like GAI or PRO. And, they are being acquired by PSA, "The King of grading". I think there is an argument that SGC flips may get a bump as a result of their being acquired, and becoming part of PSA. I wont buy SGC hoping that becomes the case, but I currently have no concern whatsoever with SGC slabs.

From Jeff L: "Dave doesn’t work in the Peace Corps, he runs a business and has a family. And there have been plenty of times he could have sold SGC but didn’t because he didn’t want to leave SGC customers holding the bag. He felt comfortable this time because SGC will largely remain SGC but with improvements that only Collectors can provide. It’s human nature to presume the worst, and some trepidation is understandable. But I don’t believe the sky is falling, I think SGC will become a better version of itself"

Well said Jeff, I agree with you 1000%. Mazel to Dave, who held out for years looking for an option that would not leave "SGC customers holding the bag". Another reason I believe this deal will be fine for SGC customers and collectors.

I agree. My personal take is that SGC would be a useful brand to add to the Collectors omniverse because it grades lots of stuff that PSA does not. Why not capture that revenue under the PSA roof, especially when it can be integrated into the Goldin auction flow and the PSA vault? Best of all, PSA can offer SGC registry participants a discounted opportunity to cross to the PSA registry; in effect, make the customers pay to transfer the pop from SGC to PSA. It is similar to what Fanatics did in 2021, when it effectively created that sort of flow by picking up PWCC (it already has director and investor overlap with CCG: Michael Rubin, founder and executive chairman of Fanatics, is part of the group that acquired CGC in 2021).

[Lorewalker]

Originally Posted by 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...

If the rumors are true about Dave, then doesn't that suggest he is more equipped to detect alterations than just about anyone? I cannot see how SGC's acquisition will be good for the collectors in the long run but the hobby is not about collectors any longer, as someone posted earlier.

Until one of these companies makes an announcement, which will be short on facts, I could see the value of SGC dropping dramatically and submissions being down too.

[Snowman]

Originally Posted by Aquarian Sports Cards

The practical consideration for me is that in the very near future I doubt cards that PSA rejected as minsize will subsequently get a number grade at SGC.

Minsize is way up at PSA (possibly thanks to the technology a fellow board member brought there) but easily 90% of my PSA rejects get a number at SGC. If said technology is shared with SGC that kills that avenue.

The other issue is that the majority of my PSA "minsize" rejects also get numerical grades by PSA upon resubmission (sans 61 Fleer basketball), not just SGC. It's extremely frustrating. But at least they're not charging a grading fee for it.

[Leon]

Read what BODA said in the link provided by Peter in this thread, and get back with me on that.
BODA is so valuable to the hobby I would probably let him on this forum regardless of his anonymity.

[/U]

Originally Posted by Lorewalker

If the rumors are true about Dave, then doesn't that suggest he is more equipped to detect alterations than just about anyone? I cannot see how SGC's acquisition will be good for the collectors in the long run but the hobby is not about collectors any longer, as someone posted earlier.

Until one of these companies makes an announcement, which will be short on facts, I could see the value of SGC dropping dramatically and submissions being down too.