PSA has stopped accepting submissions

[Rhotchkiss]

Originally Posted by Peter_Spaeth

How many graders/employees does SGC have?

No clue, but I am sure it’s a significantly smaller outfit than PSA (and yet they do a much better job)

[Peter_Spaeth]

Originally Posted by Rhotchkiss

No clue, but I am sure it’s a significantly smaller outfit than PSA (and yet they do a much better job)

PSA has close to 800 employees, SGC can't be more than a small fraction of that I would think? I would be surprised if they had the physical capacity -- or frankly the desire -- to massively upgrade the size of their operation.

So if you're a younger collector/flipper now where do you go with all your Acunas and Sotos and first year prospects and Prizm commons?

[ullmandds]

Originally Posted by Peter_Spaeth

I would be surprised if they had the physical capacity -- or frankly the desire -- to massively upgrade the size of their operation.

So if you're a younger collector/flipper now where do you go with all your Acunas and Sotos and first year prospects and Prizm commons?

i tend to agree with this, Pete. I don't think the desire is there?

[Peter_Spaeth]

Originally Posted by ullmandds

i tend to agree with this, Pete. I don't think the desire is there?

I don't either.
Think about it though. Suppose this isn't just a short term move by Nat Turner but a long term plan to position PSA as more of a high end, high dollar grader than a low dollar mass grader. Maybe he sees more of an opportunity to flip the company, or do another IPO, in that posture. Maybe the economics are better who knows. Grading and mostly by PSA has become the norm for all sorts of cards that in the past we never would have dreamed of grading or buying graded. Do we go back to that or does someone else take up the slack.

[ullmandds]

Originally Posted by Peter_Spaeth

I don't either.
Think about it though. Suppose this isn't just a short term move by Nat Turner but a long term plan to position PSA as more of a high end, high dollar grader than a low dollar mass grader. Maybe he sees more of an opportunity to flip the company, or do another IPO, in that posture. Maybe the economics are better who knows. Grading and mostly by PSA has become the norm for all sorts of cards that in the past we never would have dreamed of grading or buying graded. Do we go back to that or does someone else take up the slack.

certainly possible...the value of PSA slabs will go up with them harder to get. But I agree they could rebrand themselves and by doing so leave the past behind!!!!!!!

[bnorth]

Originally Posted by Rhotchkiss

No clue, but I am sure it’s a significantly smaller outfit than PSA (and yet they do a much better job)

I agree they do a WAY better job from my personal experience.

They seem to be getting getting submissions back very fast right now. Anybody have any guesses on if it is because they are doing a great job or just getting WAY WAY less submissions than everyone else.

[Peter_Spaeth]

Originally Posted by bnorth

I agree they do a WAY better job from my personal experience.

They seem to be getting getting submissions back very fast right now. Anybody have any guesses on if it is because they are doing a great job or just getting WAY WAY less submissions than everyone else.

The overwhelming majority of PSA subs are modern stuff and mostly stuff not worth a hell of a lot. People are subbing to get 10s on cards that aren't worth shit raw. SGC isn't getting any of that.

[Johnny630]

Originally Posted by Peter_Spaeth

The overwhelming majority of PSA subs are modern stuff and mostly stuff not worth a hell of a lot. People are subbing to get 10s on cards that aren't worth shit raw. SGC isn't getting any of that.

+1

[Arazi4442]

Originally Posted by Peter_Spaeth

The overwhelming majority of PSA subs are modern stuff and mostly stuff not worth a hell of a lot. People are subbing to get 10s on cards that aren't worth shit raw. SGC isn't getting any of that.

PSA should just split into two branches. PSA Modern (anything less than 3 years old) and PSA Classic (everything else). I’ll bet the subs to PSA Modern would be 10 to 1 vs. Classic, then set prices and lead times accordingly.

Follow the genius brand marketing of 1980s Coca-Cola.

You could get your vintage graded quickly and the guys trying to flip PSA 10s of 2020 Anthony Rendon base cards would still have a wait.

[Touch'EmAll]

Any thoughts if the current crazy market prices might be pushed even higher for PSA stuff in general ? I'm gonna hesitantly say, yes.

[Johnny630]

Originally Posted by Peter_Spaeth

The overwhelming majority of PSA subs are modern stuff and mostly stuff not worth a hell of a lot. People are subbing to get 10s on cards that aren't worth shit raw. SGC isn't getting any of that.

Modern Garbage is going to Tank.

Higher End Vintage Super Stars 6-8 will Dominate

[bnorth]

Originally Posted by Johnny630

Modern Garbage is going to Tank.

Higher End Vintage Super Stars 6-8 will Dominate

My guess would be the opposite of this.

New is going to stay a overpriced game of hot potato.

After we all get out of the house the insanely overpriced vintage will drop back to before the Covid run up in prices. Except Mantle, he will remain extremely overpriced.

[Exhibitman]

Originally Posted by Arazi4442

the guys trying to flip PSA 10s of 2020 Anthony Rendon base cards would still have a wait.

Who is "Anthony Rendon"?

[mark evans]

A month or so ago I sent an e-mail to SGC suggesting that it establish an on-site grading service whereby a team of employees would travel to major cities and grade cards on the spot (or maybe with a one-day layover, whatever). My thinking was that there are likely many collectors like myself who wish to have cards graded but would prefer not to have to send them off and then wait a substantial period for their return. I received no response.

I now wonder whether this suspension by PSA doesn't offer an opportunity for SGC (or Beckett or someone else) to institute, or test out, such a service and thereby increase revenues or maybe even grab a portion of PSA's market share.

[Rich Klein]

Originally Posted by mark evans

A month or so ago I sent an e-mail to SGC suggesting that it establish an on-site grading service whereby a team of employees would travel to major cities and grade cards on the spot (or maybe with a one-day layover, whatever). My thinking was that there are likely many collectors like myself who wish to have cards graded but would prefer not to have to send them off and then wait a substantial period for their return. I received no response.

I now wonder whether this suspension by PSA doesn't offer an opportunity for SGC (or Beckett or someone else) to institute, or test out, such a service and thereby increase revenues or maybe even grab a portion of PSA's market share.

I believe that was the original point of Beckett Raw Card Review. Your card would get graded but not encapsulated and then for a couple of extra dollars it could go to the home office for the encapsulation. That way, you knew the grade of the card and if anything occurred everyone was on the same page.

Rich

[h2oya311]

Originally Posted by Exhibitman

Who is "Anthony Rendon"?

Adam - You do live in LA, right? Modern is clearly a four letter word to you.

[frankbmd]

I thought PSA was justifying their recent prices increases by including a side of BBQ with each order.

[Exhibitman]

Originally Posted by h2oya311

Adam - You do live in LA, right? Modern is clearly a four letter word to you.

So, an athlete?

[swarmee]

Originally Posted by bnorth

They seem to be getting getting submissions back very fast right now. Anybody have any guesses on if it is because they are doing a great job or just getting WAY WAY less submissions than everyone else.

I believe they posted that they ramped their staff up from like 15 last year to like 70 right now.