Should I send to SGC? '48 Paige ~ Opinions appreciated!

[Luke]

If you're just looking at it in financial terms, you're basically just looking at a math problem. The question is, "How much of a $ value increase, do you need to get when SGC gives this card a grade of 2 or higher, in order to break even on all the times you spend $500 and they return the card in the PSA holder.

The equation looks like this:

Break even = (% of the time SGC does not grade the card a 2 or higher)(-$500) + (% of the time SGC grades card a 2 or higher)(x)

Where x equals the value increase needed in order to break even

You can play around with the % chance that SGC gives you a 2 or higher.

In my opinion, it's next to impossible that SGC would grade this card a 2 or higher. Not impossible, but close. So for me, I would say it's about a 2% chance. Here's the math for 2%:

0 = (.98)(-500) + (.02)(x)

0 = -490 + .02x

subtract -490 from each side:

490 = .02x

divide both sides by .02

x=24,500

So at a 2% chance of receiving a 2 or higher, you'd need the vlaue increase from your PSA 1.5 to the new SGC holder to $24,500 in order to break even on the bet you're making.

If you think there's a 5% chance, you need the value increase to be $9500

At a 10% chance, you need the value increase to be $4500

Also, it's not really $500. Probably closer to $600 after you pay postage and insurance twice.

In my opinion you should keep it as is, and it's not really close.

[vthobby]

Originally Posted by Luke

If you're just looking at it in financial terms, you're basically just looking at a math problem. The question is, "How much of a $ value increase, do you need to get when SGC gives this card a grade of 2 or higher, in order to break even on all the times you spend $500 and they return the card in the PSA holder.

The equation looks like this:

Break even = (% of the time SGC does not grade the card a 2 or higher)(-$500) + (% of the time SGC grades card a 2 or higher)(x)

Where x equals the value increase needed in order to break even

You can play around with the % chance that SGC gives you a 2 or higher.

In my opinion, it's next to impossible that SGC would grade this card a 2 or higher. Not impossible, but close. So for me, I would say it's about a 2% chance. Here's the math for 2%:

0 = (.98)(-500) + (.02)(x)

0 = -490 + .02x

subtract -490 from each side:

490 = .02x

divide both sides by .02

x=24,500

So at a 2% chance of receiving a 2 or higher, you'd need the vlaue increase from your PSA 1.5 to the new SGC holder to $24,500 in order to break even on the bet you're making.

If you think there's a 5% chance, you need the value increase to be $9500

At a 10% chance, you need the value increase to be $4500

Also, it's not really $500. Probably closer to $600 after you pay postage and insurance twice.

In my opinion you should keep it as is, and it's not really close.

Damn Luke, that is appreciated! I'm convinced its staying in the PSA holder! Wow! Impressive! Thank you!

Mike

[Kaneen]

I would most definitely send this card in for consideration of adding the hobby demanded and highly coveted "PURPLE LABEL!"

http://www.gradingsportscards.com/

Your card would look absolutely fantastic in its current PSA holder with the addition of the Purple Label, reserved for only the most exquisite examples of undergraded eye poppers! You should do this as soon as possible. (Before the statute of limitations runs out on making a claim to any and all prizes awarded in that previous contest you ran!)

Just think, if this card actually ended up as a PSA 1.5 Purple Label...who could have possibly predicted such a thing?!

[68Hawk]

Beautiful card Mike!

Sorry, got nothing smart alecky to say re grading. I personally love that another piece of important sporting memorabilia lies safer today between some visually clear sheets of pvc and can be shared joyfully among grubby hands of family and friends alike entrusted so.

Enjoy mate.

[vthobby]

Originally Posted by 68Hawk

Beautiful card Mike!

Sorry, got nothing smart alecky to say re grading. I personally love that another piece of important sporting memorabilia lies safer today between some visually clear sheets of pvc and can be shared joyfully among grubby hands of family and friends alike entrusted so.

Enjoy mate.

Daniel,

Don't forget the prying claws and jaws of over aggressive pets!

Thanks! Mike

summer-dog-activities-2-e1560194383364.jpg

[MattyC]

Keep it where it is. Great card.

Needing the "experts" at PSA and SGC to tell us what we have, exalting their arbitrary opinions, this is what created these shambolically run monoliths in the first place.

The market has thankfully matured to the point where collectors'/buyers' eyes price things to a great extent on eye appeal and use the technical grade as merely a guideline.

I hesitate to use the term "technical" grade as there is very little "technical" going on in the TPG grading rooms. It seems even something as rudimentary as a ruler, found in most grammar school students' desks, is too technical a tool for "professional" graders LOL.

Should SGC put a "2 sticker" above the card, it certainly won't change the card and likely wouldn't change how others perceive it, either— from both the aesthetic and financial perspectives.

[vthobby]

Originally Posted by MattyC

Keep it where it is. Great card.

Needing the "experts" at PSA and SGC to tell us what we have, exalting their arbitrary opinions, this is what created these shambolically run monoliths in the first place.

The market has thankfully matured to the point where collectors'/buyers' eyes price things to a great extent on eye appeal and use the technical grade as merely a guideline.

I hesitate to use the term "technical" grade as there is very little "technical" going on in the TPG grading rooms. It seems even something as rudimentary as a ruler, found in most grammar school students' desks, is too technical a tool for "professional" graders LOL.

Should SGC put a "2 sticker" above the card, it certainly won't change the card and likely wouldn't change how others perceive it, either— from both the aesthetic and financial perspectives.

MattyC and others,

Thanks for your opinions and analysis. That was well said MattyC. Logical and well laid out. I'm keeping it!

Thanks! Mike

[vthobby]

Originally Posted by Kaneen

I would most definitely send this card in for consideration of adding the hobby demanded and highly coveted "PURPLE LABEL!"

http://www.gradingsportscards.com/

Your card would look absolutely fantastic in its current PSA holder with the addition of the Purple Label, reserved for only the most exquisite examples of undergraded eye poppers! You should do this as soon as possible. (Before the statute of limitations runs out on making a claim to any and all prizes awarded in that previous contest you ran!)

Just think, if this card actually ended up as a PSA 1.5 Purple Label...who could have possibly predicted such a thing?!

Well of course......you would have predicted it Kaneen!

Also, please don't confuse the possibilities. It is important to distinguish statutes of limitations from the closely related yet distinct common law doctrine of ‘laches.’ The doctrine of laches vests courts with discretionary authority to determine whether a plaintiff, while commencing a legal action within the time requirements set forth by the relevant statute of limitations, nonetheless has unreasonably delayed bringing a lawsuit to the detriment of a defendant. Both statutes of limitations and the doctrine of laches limit a plaintiff's access to court. These are good things to know........as you know!

Peace, Mike