Collectors (PSA) Acquired SGC

[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!

[Peter_Spaeth]

I hope you guys are right, as my prewar is about 50 50, but I fear the scenario where SGC values eventually drop substantially and at least the older graded cards cross at a grade lower in part because standards are higher and in part because that's how PSA does things. I imagine for people who are active submitters this is a dilemma too because apparently for many people it's impossible to get fair grades out of PSA now, but submitting to SGC may not be prudent going forward.

[conor912]

Am I going crazy, or did I see something in the last week or so about Fanatics looking to dump Goldin?

[JamesGallo]

For the people that think SGC cards wont drop in value i think your nuts. Maybe if the company stays that maybe true but without the confidence that they wont just close tomorrow there will always be that in the back of my head. Also tons of cards have been rejected by psa only to be slabbed by sgc. So these cards should never cross assuming the standards stay the same. That sgc 4 becomes a PSA minimum size and your losing a ton of value.

In the end i agree nothing i can do but ride it out, but i wont be subbing to sgc anymore and will only buy a card if i dont care about the grade.

CGC is doing a ton with TCG cards and i do not think they will gain much traction until they make a lot of improvements. The green label was a horrible choice, so the move was good but i dont like the all black either.

I have a lot of value in SGC slabs and long term i do think it could be a problem…

James G

[Peter_Spaeth]

It would not surprise me at all to see a ton of SGC cards for sale soon as guys calculate it's better to get what they can now rather than take the crossover risk or wait for the brand to be further devalued.

[Johnny630]

When the SGC Slabs are no longer produced as part of Collectors and become one Slab United as PSA ( it makes no sense in my mind to have one company going public to have two different slabs) the newly graded cards will all be in PSA slabs and will become part of the registry and pop the old sgc slabs will not. Regarding the crossover of old SGC slabs, I do not know if you could be offered a discounted rate, but I don’t think PSA will cross them over at the same grade. This will probably happen in my mind before they go public, so within the next approximately two years or so would be my estimation. Time will tell. If you have powerful cards and SGC you are fine they’re still very reputable. However, if you have lower tier and lower grades, there could be an issue down the road getting those crossed over the good stuff will remain good. The average stuff could be less than average.

[Peter_Spaeth]

Originally Posted by Johnny630

When the SGC Slabs are no longer produced as part of Collectors and become one Slab United as PSA ( it makes no sense in my mind to have one company going public to have two different slabs) the newly graded cards will all be in PSA slabs and will become part of the registry and pop the old sgc slabs will not. Regarding the crossover of old SGC slabs, I do not know if you could be offered a discounted rate, but I don’t think PSA will cross them over at the same grade. This will probably happen in my mind before they go public, so within the next approximately two years or so would be my estimation. Time will tell. If you have powerful cards and SGC you are fine they’re still very reputable. However, if you have lower tier and lower grades, there could be an issue down the road getting those crossed over the good stuff will remain good. The average stuff could be less than average.

I don't completely agree. If the brand is discontinued, reputable or not, the value of a discontinued slab is going to be diminished particularly if people are having bad or mixed experiences crossing over as I expect will be the case. 1-1.5 grades lower is bad enough, min size or AUTH is an earthquake.

[Yoda]

Originally Posted by Peter_Spaeth

It would not surprise me at all to see a ton of SGC cards for sale soon as guys calculate it's better to get what they can now rather than take the crossover risk or wait for the brand to be further devalued.

Great, bring it on! What a buying feast for those that consider the card primary over the flip.

[raulus]

Originally Posted by Yoda

Great, bring it on! What a buying feast for those that consider the card primary over the flip.

Yoda’s approach will certainly appeal to part of the collecting base. And certainly I find that notion to be attractive as well.

But if some of the fears expressed here come to fruition, in some ways it exposes the potential fragility of current valuations for high grade stuff, and not just for SGC, but for those of us with our collections in PSA slabs as well.

Recalls to mind some of the recent marveling we’ve done at a PSA 9 slabs selling for 100x the PSA 8 slabs for some vintage pieces of common players.

The whole thing smacks of the emperor whose clothing wasn’t as fine as those around him suggested it was. Maybe Jingram was right all along…

[Lorewalker]

It is not just because of PSA's registry that their cards, for the most part, sell for a premium over an SGC counterpart but also that when buying PSA you are buying into a much larger company. SGC was owned by one guy...some of whom claim he has a bad rep. Maybe this hurt their resale value or peoples' desire to invest in those holders, whether or not they did a better job or not?

The owner of SGC made a great business decision for himself. It is too bad for all of the collectors that the buyer of SGC was a competitor who will, sooner than later, eliminate the brand. At the end of the day, collectors who stuck with SGC were inventing in the owner, not the company.

[Neal]

Originally Posted by 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!

Agreed
And that Plank looks good in a tux

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[3-2-count]

Originally Posted by Neal

Agreed
And that Plank looks good in a tux

Sent from my SM-G998U using Tapatalk

Thanks buddy!