SO SGC just tripled its prices?

[tbob]

Originally Posted by swarmee

https://www.gosgc.com/update-20210509

Now for something entirely different. SGC has just released new pricing to start submissions at $30/card.

Thanks John. I just submitted a batch of cards to them at the $30/card price. When I prepared a submission sheet Saturday it was $75/card so I balked at the price. This is more normal although I still miss the $15/card price for my last submissions last year.
I appreciate your heads up.

tbob

[swarmee]

No problem. There are also some videos that show the behind the scenes work at SGC:
https://www.youtube.com/watch?v=_YNOs6Xu80w
https://www.youtube.com/watch?v=uVx4REVu-TY

[sportscardpete]

Sooner than later these grading folks should implement some dynamic pricing. Demand is high raise prices in real-time. Demand low? Drop those prices. Looks like SGC is attempting that.

[Eric72]

Originally Posted by sportscardpete

Sooner than later these grading folks should implement some dynamic pricing. Demand is high raise prices in real-time. Demand low? Drop those prices. Looks like SGC is attempting that.

Agreed. In my opinion, SGC is attempting to control the inflow of material by tweaking prices.

Hopefully, they'll also begin tinkering with the types of items by offering monthly (weekly, perhaps) specials. I would love to see, for example, a promotion during which T206 cards could be submitted at a discount. Then, a 1956 Topps special. Yes...look at my signature...I'm biased.

These types of narrow promotions wouldn't cause to avalanche of orders they saw when PSA practically shut down. They would also be able to control the issues covered by their promotions.

If executed properly, this strategy would win SGC quite a few customers, especially among vintage collectors.

[Oscar_Stanage]

SGC now dropped the price back down .... to $30, not $25.

I amazes me that they cannot figure out their price structure. I do not mind that they jacked up prices to control flow. it is the only way to stop these idiots from sending in junk. But why is the price not back to $25? When they announced their new business model, presumably they did a lot of work to think about the pricing, and landed on $25. And now all of a sudden it is $30?

[hcv123]

Originally Posted by Wid_Conroy

SGC now dropped the price back down .... to $30, not $25.

I amazes me that they cannot figure out their price structure. I do not mind that they jacked up prices to control flow. it is the only way to stop these idiots from sending in junk. But why is the price not back to $25? When they announced their new business model, presumably they did a lot of work to think about the pricing, and landed on $25. And now all of a sudden it is $30?

$5 X 4000 cards per day = an extra $20K per day for SGC!

In the Video they say they are trying to find the right price to have supply=demand. I get it in concept, but going to be very imperfect in practice.

Video was interesting - thanks for posting.

[prestigecollectibles]

Just be careful on which cards you send to them.

Custom research fees may apply any time the card is outside the norm of what we grade. Examples would include obscure vintage cards, foreign cards, and obscure non-sports cards.
Custom encapsulation fees may apply any time the card is of a different shape or different dimensions from those of the "flagship" vintage sets or standard modern sets that we commonly encapsulate.
That said, the cards would have a maximum grading fee of $80/card if both of those fees were applied and there were no additional value-based upcharges. You would be made aware of any upcharges before the encapsulation of the cards, at which point you could elect to move forward or to have certain cards excluded.

[Bigdaddy]

Originally Posted by Wid_Conroy

I amazes me that they cannot figure out their price structure. I do not mind that they jacked up prices to control flow. it is the only way to stop these idiots from sending in junk. But why is the price not back to $25? When they announced their new business model, presumably they did a lot of work to think about the pricing, and landed on $25. And now all of a sudden it is $30?

Really?? A small business sees a 5-10x increase in demand and has to increase their staff accordingly, acquire/rent more office space, buy new office and production equipment, train a boatload of new employees, revamp their acceptance and outgoing production practices and beef up their online footprint all with no guarantee that the new demand levels are sustainable and you can't see why their previous pricing model might need to change by 20%?

[Oscar_Stanage]

Originally Posted by Bigdaddy

Really?? A small business sees a 5-10x increase in demand and has to increase their staff accordingly, acquire/rent more office space, buy new office and production equipment, train a boatload of new employees, revamp their acceptance and outgoing production practices and beef up their online footprint all with no guarantee that the new demand levels are sustainable and you can't see why their previous pricing model might need to change by 20%?

yes, really.
they spent a year doing all of those things you described.... and when the dust settled they came out with a grand public announcement explaining a price increase from $15 to $25. So presumably, the owners figured out their cost structure and biz model and came up with $25 as the right number. after a surge in submissions they moved to $75 to slow the demand, and now a month later they decided $30 was a better number. so 25 could not keep the demand reasonable but 30 will?