Psa - regular submission are back

[Peter_Spaeth]

Originally Posted by Tyruscobb

The market sets the price; not the company. I suspect the market yawned when PSA announced the $150.00 a card grading fee rate, and PSA did not receive its projected submission numbers. Hence, the already lowered price to $100.00. PSA still has a long way to go in further price drops before I submit cards.

Maybe PSA will eventually run a vintage special. Modern basketball and Pokémon cards are the problem. I think I saw that one of Zion’s rookie cards is the card PSA has graded the most. Think about that - In just 3 years, Zion is already the most graded card when PSA has graded cards since the early 1990’s? This shows the tsunami of modern basketball that swamped PSA.

When the modern basketball and Pokémon card bubble bursts we will see further price drops.

In a market in which it has monopoly power, PSA has a lot of control over price. You should check your numbers before asserting they didn't meet expectations at $150. Their submissions are staggering. Their balancing act now, in my opinion, is to reduce price enough not to completely alienate some people, without adding too much to a still massive backlog.