Collectors (PSA) Acquired SGC

[D. Bergin]

I don't think there's going to be a mixed registry, or even a registry on the horizon. At least in the somewhat near-term.

People who send their stuff to SGC obviously don't really care about a registry to begin with. They just want accurate-ish grades, a quicker turnaround, and semi-attractive holders.

I think 1st things 1st, is the search engine for the pop report needs to be cleaned up. Just looking through the T206's while submitting, there can be multiple choices for the exact same card, while not even offering a choice on the various back variations within each brand that has them.

Can be even more confusing with many of the more obscure tobacco sets.

I don't know how much money PSA paid for SGC, but if most that was said is to be believed, hopefully there's language in the contract that forbids PSA from disappearing the brand or even many of it's practices from existence.

I've also just sent in 21 cards to SGC that I've been procrastinating on for awhile. Nothing to knock your socks off, but the announcement kind of motivated me to get it done. Figured I'd already dragged my ass on them for awhile...didn't want to give PSA 6 more months to drag their ass on them on top of that.

I have a hard time believing PSA spent a lot of money just to disappear SGC and alienate a load of vintage collectors in the process. Many who have no interest in losing contact with their cards for months (much, much longer in the not so distant past) on end, and likely wouldn't get a lot of their cards graded otherwise.

Whatever market share SGC has...PSA isn't going to just get it, simply by doing things the way PSA has always done things. SGC got most of that market share by doing certain things different from PSA to begin with.

A lot of collectors will just as soon keep most of their lower grade/value stuff raw, or in whatever holders they already reside in.

[BobbyStrawberry]

Originally Posted by D. Bergin

I've also just sent in 21 cards to SGC that I've been procrastinating on for awhile. Nothing to knock your socks off, but the announcement kind of motivated me to get it done.

Interesting - I have a stack that I was planning to send them but this news changed my mind. They will either remain raw or go to CGC, for now at least.

[D. Bergin]

Originally Posted by BobbyStrawberry

Interesting - I have a stack that I was planning to send them but this news changed my mind. They will either remain raw or go to CGC, for now at least.

I was on the CGC/CGS bandwagon in the beginning, but they really lost me with their flip-flopping early on. I've got a bunch of those green flips I feel like I just wasted my money on.

They changed their name, changed their holders, supposedly changed their grading standards.

Just can't picture putting a T206 in one of their holders. Newer stuff yes, but not vintage.

I probably like CGC's product better then PSA, but if PSA could just figure out how to drastically improve their turnaround time, they would probably put a nail in the coffin of the sports card division of CGC.

[calvindog]

If you have any interest in maximizing the value of your cards, how can you use CGC? I'm asking seriously. It's like throwing money away if you expect to sell your cards someday.

[parkplace33]

Originally Posted by calvindog

If you have any interest in maximizing the value of your cards, how can you use CGC? I'm asking seriously. It's like throwing money away if you expect to sell your cards someday.

At this time, I do agree with this sentiment. Collectors can do what they want, but if you do want to maximize your cards, I would not use CGC. That’s like showing up to play Pebble Beach with clubs you bought from Goodwill.

[Vintagedeputy]

Just an FYI -

I sent an email to SGC expressing my displeasure with the merger. For whatever it is worth, here is their reply:

Thank you for reaching out. Reading your email, I can tell how loyal and passionate you are about the SGC Brand. I can confirm that SGC has been acquired by Collectors, however, with the start of this new chapter for SGC, I am pleased to let you know that there are no changes happening with SGC. You can still expect the same service as before with our turnaround time, our collector friendly grading fees, and our Customer Service Team. Please feel free to reach out at any time if you have any questions or concerns and I assure you we will be more than happy to do what we can to continue to offer the highest level of service that our customers have become accustomed to.

[Snowman]

I think it might be ebay that is buying Goldin Auctions.

[brunswickreeves]

Originally Posted by Vintagedeputy

Just an FYI -

I sent an email to SGC expressing my displeasure with the merger. For whatever it is worth, here is their reply:

Thank you for reaching out. Reading your email, I can tell how loyal and passionate you are about the SGC Brand. I can confirm that SGC has been acquired by Collectors, however, with the start of this new chapter for SGC, I am pleased to let you know that there are no changes happening with SGC. You can still expect the same service as before with our turnaround time, our collector friendly grading fees, and our Customer Service Team. Please feel free to reach out at any time if you have any questions or concerns and I assure you we will be more than happy to do what we can to continue to offer the highest level of service that our customers have become accustomed to.

Was that from Brent?

[RayBShotz]

Originally Posted by Vintagedeputy

Just an FYI -

I sent an email to SGC expressing my displeasure with the merger. For whatever it is worth, here is their reply:

Thank you for reaching out. Reading your email, I can tell how loyal and passionate you are about the SGC Brand. I can confirm that SGC has been acquired by Collectors, however, with the start of this new chapter for SGC, I am pleased to let you know that there are no changes happening with SGC. You can still expect the same service as before with our turnaround time, our collector friendly grading fees, and our Customer Service Team. Please feel free to reach out at any time if you have any questions or concerns and I assure you we will be more than happy to do what we can to continue to offer the highest level of service that our customers have become accustomed to.

In the business that's called, "boiler plate".

[bcookie]

I just looked at the PSA grading "specials" for the month..

I have not been a PSA member in 10+ years, boy how the fees and turnaround times have changed.

I sure hope SGC stays the same, I cant imaging paying $15 bucks a card and waiting 2+ months to get the card back

[Directly]

Will SGC cards loose their value, will buyers even want the SGC graded cards or offer pennies on the dollar? -will future SGC submissions cease to exist, is this the ultimate plan -?? confused in the Show Me State.

[vintagebaseballcardguy]

Originally Posted by Directly

Will SGC cards loose their value, will buyers even want the SGC graded cards or offer pennies on the dollar? -will future SGC submissions cease to exist, is this the ultimate plan -?? confused in the Show Me State.

No, SGC cards won't lose their value and be valued at pennies on the dollar. It's not like this company went out of business or did something terrible. They were purchased. Those with SGC cards don't need to panic. It's still about the cards, not the holders they might be in. Relax and enjoy the cards.

[EddieP]

SGC slabs will be worthless . Anyone with a Ruth or Jackson in an SGC slab, I’ll be willing to help you cut your loss by buying your cards

[Rhotchkiss]

Agreed. These and everything else in SGC slabs are worthless!!

No seriously, the cards are still the cards and SGC’s reputation is still the best for grading prewar baseball. As mentioned, they aren’t going out of business and they haven’t done anything wrong to tarnish their work/reputation. Time will tell what becomes of SGC. If SGC is eventually closed down, for those who need a flip (like me), I expect PSA will cross all cards, likely at a discount, but upon review. Honestly, If prices on SGC cards plummet, I am a buyer.

[3-2-count]

Totally agree Ryan. The cards are still the cards in reputable slabs, and if they're crossed down the road so be it.

Lots of negative noise going on over this, for no reason in my opinion!