How many cards is PSA getting at the $150 level?

[Pat R]

I don't know but they are still a year behind on the group subs despite shutting down the lower level submissions 7 months ago. The last group sub I was in took 3 months just to log in.

[parkplace33]

Originally Posted by Pat R

I don't know but they are still a year behind on the group subs despite shutting down the lower level submissions 7 months ago. The last group sub I was in took 3 months just to log in.

Thanks, the backlog is another concern I have about levels. If it is taking them this long to get back to people, do they want to start that process all over again?

[glynparson]

No way $100 minimum is the new normal
Forever. Not going to happen. They know Long term they need the registry. Which requires some cheaper services. It may never be $5 a card again but it will get below a hundred someday.

[Peter_Spaeth]

Originally Posted by glynparson

No way $100 minimum is the new normal
Forever. Not going to happen. They know Long term they need the registry. Which requires some cheaper services. It may never be $5 a card again but it will get below a hundred someday.

I predict $50 as the eventual lowest level but who knows. Even at that level, there are a shit ton of cards people used to submit routinely that they won't any more.

[Aquarian Sports Cards]

I know I have thousands of vintage cards where consignors are content to wait until an appropriate level opens at PSA rather than go with another company. Maybe a quarter of those would be worth it at $100, the rest will need something in the $50 range or a bulk option. My consignors, to this point, are willing to wait.

[jingram058]

Some things, like baseballs, photos, programs, jerseys and all sorts of memorabilia of the like are obvious, and grading, per se, really isn't necessary or in some cases even done. But say you have a raw 1933 Goudey Ruth, or a 1952 Topps Mays, or next level down, a 1965 Topps Koufax. Say you have no graded cards, and know nothing about the card grading process. What are your options at this point? How long does the grading process take? What does it cost to get a card, or cards, graded?

[Peter_Spaeth]

That information should be readily available on each grading company's website.

[Pat R]

Originally Posted by jingram058

Some things, like baseballs, photos, programs, jerseys and all sorts of memorabilia of the like are obvious, and grading, per se, really isn't necessary or in some cases even done. But say you have a raw 1933 Goudey Ruth, or a 1952 Topps Mays, or next level down, a 1965 Topps Koufax. Say you have no graded cards, and know nothing about the card grading process. What are your options at this point? How long does the grading process take? What does it cost to get a card, or cards, graded?

Right now the express level ($150 a card) is about a 1 month wait.

https://www.psacard.com/pricing

[Peter_Spaeth]

Originally Posted by parkplace33

Thanks, the backlog is another concern I have about levels. If it is taking them this long to get back to people, do they want to start that process all over again?

I am guessing people are now hoarding massive numbers of cards waiting for a lower pricing tier to open. I would imagine that unless they can somehow stagger or limit it, there will be an absolute flood of new submissions the day they open up a tier.

[mrreality68]

Originally Posted by Peter_Spaeth

I am guessing people are now hoarding massive numbers of cards waiting for a lower pricing tier to open. I would imagine that unless they can somehow stagger or limit it, there will be an absolute flood of new submissions the day they open up a tier.

+1 Agree

[ullmandds]

Originally Posted by mrreality68

+1 Agree

modern cards mostly I'd guess?

[bobbyw8469]

Originally Posted by Peter_Spaeth

I am guessing people are now hoarding massive numbers of cards waiting for a lower pricing tier to open. I would imagine that unless they can somehow stagger or limit it, there will be an absolute flood of new submissions the day they open up a tier.

Bingo!!! I've got two long boxes of raw. Not junk either. We are talking, Honus Wagners, Jackie Robinson, Willie Mays, Mickey Mantle, etc. Not worth enough to pay $100 per card, not worth enough to pay $30 a card, but worth enough to pay $10 a card.

[Peter_Spaeth]

Originally Posted by bobbyw8469

Bingo!!! I've got two long boxes of raw. Not junk either. We are talking, Honus Wagners, Jackie Robinson, Willie Mays, Mickey Mantle, etc. Not worth enough to pay $100 per card, not worth enough to pay $30 a card, but worth enough to pay $10 a card.

I suggest you look elsewhere my friend. I cannot imagine PSA is ever coming back to 10 buck subs.

[jingram058]

Originally Posted by bobbyw8469

Bingo!!! I've got two long boxes of raw. Not junk either. We are talking, Honus Wagners, Jackie Robinson, Willie Mays, Mickey Mantle, etc. Not worth enough to pay $100 per card, not worth enough to pay $30 a card, but worth enough to pay $10 a card.

THAT is basically where I was going with my questions.

[Frankish]

It's a fascinating topic. My own guess is that collectors hoping for a return to $10 grading from PSA will never have their hopes realized (unless we see a total collapse in prices, in which case they may change their minds about submitting).

[hockeyhockey]

$20 seems like the lowest possible number they'd go for some type of bulk submission with likely very long waits on return.

as someone said, the set registry for commons is key to all this.

[ullmandds]

Originally Posted by bobbyw8469

Bingo!!! I've got two long boxes of raw. Not junk either. We are talking, Honus Wagners, Jackie Robinson, Willie Mays, Mickey Mantle, etc. Not worth enough to pay $100 per card, not worth enough to pay $30 a card, but worth enough to pay $10 a card.

id think wagners would be worth more than $10 to grade...unless youre talkin' 76 topps?

[parkplace33]

This is from the March update

https://www.psacard.com/articles/art...ate-april-2021

We will take a tiered approach to reintroducing these service levels. Our goal is to bring all suspended service levels back by July 1, 2021.

😕

[riggs336]

I sent in a $150 submission last month. I got it back in 23 days door to door.

[chadeast]

I've also been amazed at how long this has gone on, and how many cards are being submitted at $150 per.

The interesting part of this to me is that anything at $30/card and up pretty much means the end of grading commons, thus the end of graded set collecting. Graded set collecting is what built the registry, and there seems to be a broad consensus that PSA leads the industry, and gets a premium due to the registry. So if we're seeing the end of grading commons, and thus graded sets, what does that mean for the registry, and ultimately for PSA's leadership position? Maybe the registry will somehow continue to thrive with only $100+ cards? Who knows where this ends?

[Snowman]

They're probably not going to tell us the numbers for that. It's sorta like showing your hand in poker. But we do know that they dropped the price from $200 to $150 to increase demand for Express submissions, so they must have felt they weren't getting enough volume at $200. Obviously $150 increases that demand, but probably not substantially. They can't sustain the business at the $150 level, they can only milk us for it while they continue to hack away at the backlog. Regardless, Nat Turner recently said that they will be reopening at least one more service level at some point in Q4. In the past, they've typically made big changes on the 1st of the month, so I would expect to see Regular service reopened, possibly at the $100 level?, on either Nov 1st or Dec 1st. That's my best guess.

[Snowman]

There is no scenario whatsoever where they don't eventually offer submissions below $100. There's no scenario whatsoever that they don't eventually reopen service levels at $50 or below either. Some people are just stupid. Don't listen to stupid people.

[parkplace33]

Originally Posted by Snowman

They're probably not going to tell us the numbers for that. It's sorta like showing your hand in poker. But we do know that they dropped the price from $200 to $150 to increase demand for Express submissions, so they must have felt they weren't getting enough volume at $200. Obviously $150 increases that demand, but probably not substantially. They can't sustain the business at the $150 level, they can only milk us for it while they continue to hack away at the backlog. Regardless, Nat Turner recently said that they will be reopening at least one more service level at some point in Q4. In the past, they've typically made big changes on the 1st of the month, so I would expect to see Regular service reopened, possibly at the $100 level?, on either Nov 1st or Dec 1st. That's my best guess.

I can see the $100 level soon. But the other levels soon? Not so sure.

Has Nat made a statement about PSA recently? I can't find anything.