PSA backlog

Paulcurlee1 · #1 01-20-2022, 07:36 PM

You can observe a lot by watching this forum

JollyElm · #2 01-20-2022, 08:27 PM

When I came to a fork in the thread, I took it.

Johnny630 · #3 01-20-2022, 08:39 PM

PSA still owns the Market, this will not change one bit.

vthobby · #4 01-20-2022, 08:44 PM

Quote:

Originally Posted by Johnny630

PSA still owns the Market, this will not change one bit.

Johnny,

Respect your views but they might have the market for backlogs maybe. I agree they have alot of advantages including the Registry and their sales BUT SGC has figured out the market, took a huge backlog, uses flex pricing, and gets your cards back in a month. Bottom line. Their cards are catching up and just try to buy an SGC T206 for a bargain. Not happening.

SGC is running the show right now. Who really wants to wait a year or more? ugh

Mike

Johnny630 · #5 01-20-2022, 09:32 PM

Quote:

Originally Posted by vtgmsc

Johnny,

Respect your views but they might have the market for backlogs maybe. I agree they have alot of advantages including the Registry and their sales BUT SGC has figured out the market, took a huge backlog, uses flex pricing, and gets your cards back in a month. Bottom line. Their cards are catching up and just try to buy an SGC T206 for a bargain. Not happening.

SGC is running the show right now. Who really wants to wait a year or more? ugh

Mike

I agree with you Mike, SGC is catching up, definitely in the vintage market.

conor912 · #6 01-20-2022, 10:22 PM

I heard today that some guys who sent in giant submissions a year ago, and PSA is finally getting around to grading, are getting hit with 6 and 7 figure fees that they now can�t/refuse to pay because the cards aren�t worth the grading fees. Look out.

Tyruscobb · #7 01-20-2022, 11:34 PM

Quote:

Originally Posted by conor912

I heard today that some guys who sent in giant submissions a year ago, and PSA is finally getting around to grading, are getting hit with 6 and 7 figure fees that they now can�t/refuse to pay because the cards aren�t worth the grading fees. Look out.

I�ve never understood this. What is the business advantage for PSA not collecting upfront fees like SGC? You pay SGC upfront before you even mail it your cards. Who doesn�t like getting paid before the work is even done?

Just think how much money in interest alone PSA could�ve made off upfront fees this past year. Even when submissions were running at just 20 days, why wouldn�t any company want to receive all the money upfront and then earn interest on that money, or use it for other business aspects?

Plus, when the cards are graded, there is not any extra waiting to finally receive the bill, which delays shipping. With SGC, the cards are graded and then shipped. There is no extra invoice step (absent up charges), etc. PSA submitting a bill after grading, takes more time, increases overhead, and is just more work. Surprised Nat hasn�t figured this out. The float is your friend if your a business!

Seems like

glchen · #8 01-21-2022, 01:04 AM

Quote:

Originally Posted by conor912

I heard today that some guys who sent in giant submissions a year ago, and PSA is finally getting around to grading, are getting hit with 6 and 7 figure fees that they now can�t/refuse to pay because the cards aren�t worth the grading fees. Look out.

This isn't correct. I was just hit with a surcharge for a grading submission to PSA. However, to be honest, PSA was correct in their value estimates for the cards I submitted. It was more that in the past, PSA was more lenient in allowing cards that were over the declared value limit to pass without adding a surcharge, and now they are lot stricter. You are also able to negotiate with them on the fees to come up with something somewhat more palatable. I'm not happy with paying these significant fees, which will impact how I submit to PSA in the future, but to be honest, they were correct in this situation.

Paulcurlee1 · #9 01-20-2022, 09:20 PM

Quote:

Originally Posted by Johnny630

PSA still owns the Market, this will not change one bit.

The first company that implements automated grading done by vision systems and computers will take market share, it�s just a matter of time. The technology and demand exist and the whole point of grading is a basis of objectivity. Machines are far more objective than humans.

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