Psa - regular submission are back

[Johnny630]

Originally Posted by bobbyw8469

Agreed. PSA got overrun with modern basketball and Pokemon. Cards were being graded that simply had no business being graded. People thought they were printing money. Now look where we are.

A lot of people who submitted all those cards you mentioned are gonna be stuck with a lot of junk that isn't worth what they paid for grading.

Hopefully this will be a lesson to them not to submit S cards, people are stupid though, history always seems to repeats itself.

[ClementeFanOh]

Johnny630- PSA's competition "missed the boat again"? Umm, no... I'm
sending a submission to SGC in the near future. It's $30 a card with a 40-50
day return. Let's try some of that sticky math... that's less than a third of
PSA's cost (!) with product returned in HALF the time- and the grades have
a much better chance of actually being correct! Doesn't seem like that's
"missing the boat" to me. Trent King

[bobbyw8469]

Originally Posted by ClementeFanOh

Johnny630- PSA's competition "missed the boat again"? Umm, no... I'm
sending a submission to SGC in the near future. It's $30 a card with a 40-50
day return. Let's try some of that sticky math... that's less than a third of
PSA's cost (!) with product returned in HALF the time- and the grades have
a much better chance of actually being correct! Doesn't seem like that's
"missing the boat" to me. Trent King

Yet the SGC card will be lucky to recoup 60% of what it's PSA counterpart gets. That's the infuriating part with me. I'll never forget the time I auctioned off a high grade SGC common in a '9'. I don't think it eclipsed $10. Meanwhile, it's PSA counterpart sold for $150 or so. That has stuck with me all this time.

[cammb]

Originally Posted by bobbyw8469

Yet the SGC card will be lucky to recoup 60% of what it's PSA counterpart gets. That's the infuriating part with me. I'll never forget the time I auctioned off a high grade SGC common in a '9'. I don't think it eclipsed $10. Meanwhile, it's PSA counterpart sold for $150 or so. That has stuck with me all this time.

When was that, 2010?

[bobbyw8469]

Originally Posted by cammb

When was that, 2010?

It has been awhile. It was enough to sour me. The gap hasn't improved.

[Republicaninmass]

I've just been sucking up the 150, or selling cards raw. I likely have a few upgrades for my sets, but cant even justify $20 a card

[metroac]

Could someone help me understand what PSA is doing? At $100 per card, aren't they killing their own set registry? Who is going to work on putting together (or continuing to pursue) graded sets? Maybe this is not so much an issue for pre-WWII collectors as for more modern sets. It would seem, though, that you could could have your Aaron and Banks rookies graded, but you're never going to spend $100 to have a "common" card graded unless you're pretty sure it's an 8 or a 9. Then, when it comes back a 5 or a 6, you're SOL and out your c-note.

Are they telling us they only want to grade cards worth north of $1500? Are they thinking, "If I charge ten times what I used to charge for my service, I only have to do one-tenth the work to make the same money"? I'm sure I'm missing something here, but I honestly don't get it. Are they just targeting high-end collectors as their future customer base?

[Johnny630]

Originally Posted by ClementeFanOh

Johnny630- PSA's competition "missed the boat again"? Umm, no... I'm
sending a submission to SGC in the near future. It's $30 a card with a 40-50
day return. Let's try some of that sticky math... that's less than a third of
PSA's cost (!) with product returned in HALF the time- and the grades have
a much better chance of actually being correct! Doesn't seem like that's
"missing the boat" to me. Trent King

Trent for every one of you sending to SGC there are 5,000 or more sending to PSA.

Oh and when you go to Trade or Sell your SGC graded cards you will get a third or more less then for a PSA Slabbed card.

[butchie_t]

Shampoo, rinse, repeat.

Can the consensus on this never ending discussion between SGC and PSA be that there are people in SGCs camp and people in PSAs camp and both are correct in why they prefer one verses the other?

Both have their warts and we all choose as an individual which warts we are comfortable with.

Can't it just be left at that?

Cheers,

Butch Turner

[trambo]

Originally Posted by butchie_t

Shampoo, rinse, repeat.

Can the consensus on this never ending discussion between SGC and PSA be that there are people in SGCs camp and people in PSAs camp and both are correct in why they prefer one verses the other?

Both have their warts and we all choose as an individual which warts we are comfortable with.

Can't it just be left at that?

Cheers,

Butch Turner

If only, right?! Maybe it's my bias but I see far more people slamming PSA on boards and in groups than I do SGC.

I have no way of knowing, but I'd bet (if I actually did bet) that the drop from $150 to $100 for regular service will continue to drop as they catch up. No idea where it ends, of course.

I'm just glad I don't do much in the way of submissions anymore!

[butchie_t]

Sigh,

Yeah, if only.

Cheers,

B. T.

[ClementeFanOh]

Butch- yes, there are clearly people who favor PSA or SGC. Unfortunately,
that wasn't the point, and some commenters can't keep it straight. The
original point concerned PSA's 1) new cost and 2) promised turn around
time. It had NOTHING to do with dollars recouped in sales, nothing. So,
when someone says other grading companies "missed the boat", and it's
provably false, that's when I chose to speak up. That statement is flat out
wrong- not an opinion, fact. There are people who are awfully concerned
with values, which is their lookout since they have to hope that PSA actually
pays attention and gets the grade right; however, the original post had
nothing to do with sales. That's my point- SGC hasn't "missed the boat", it's
actually far outstripping PSA in terms of cost and turnaround time. Values
arenon sequitur in the conversation and the "rule of holes" applies- when
you find yourself in one, stop digging

Trent King

[butchie_t]

Trent,

Maybe you should go back and read my post, then your reply to my post.

Things do not seem to line up with what you replied verses what I said.

My comment was not directed towards you or anyone else directly in this thread. It was directed at the never ending discussion of PSA verses SGC and nothing more.

Cheers,

Butch Turner

[ClementeFanOh]

Butch- I actually agreed with your post, and your remarks clearly weren't
the ones I referenced. Trent King

[3-2-count]

Originally Posted by Johnny630

Trent for every one of you sending to SGC there are 5,000 or more sending to PSA.

Oh and when you go to Trade or Sell your SGC graded cards you will get a third or more less then for a PSA Slabbed card.

This is true for the post war market, but it does not apply to pre war.

SGC has always held their own in regards to comparable value in the pre war market.

[cammb]

Originally Posted by ClementeFanOh

Johnny630- PSA's competition "missed the boat again"? Umm, no... I'm
sending a submission to SGC in the near future. It's $30 a card with a 40-50
day return. Let's try some of that sticky math... that's less than a third of
PSA's cost (!) with product returned in HALF the time- and the grades have
a much better chance of actually being correct! Doesn't seem like that's
"missing the boat" to me. Trent King

+1

[Bored5000]

Originally Posted by Johnny630

A lot of people who submitted all those cards you mentioned are gonna be stuck with a lot of junk that isn't worth what they paid for grading.

Hopefully this will be a lesson to them not to submit S cards, people are stupid though, history always seems to repeats itself.

If prices weren't so crazy for cards in a PSA 10 (or highest graded if that is not a 10), there would not be any motivation to submit nearly worthless cards in hopes of hitting the grading lottery. Submitting modern cards to PSA is akin to buying a lottery ticket.

The prices people are wiling to pay for PSA 10s don't make any sense to me, but that is what encourages submitting so much junk.