Collectors (PSA) Acquired SGC

[Snowman]

I think this does create a very real opportunity though for CGC. I really hope they are able to capitalize on it.

[Peter_Spaeth]

What precedent is there for a dominant industry player acquiring a minor, niche competitor and continuing indefinitely to maintain its separateness and prop up its brand?

[frankbmd]

frankbmd-layne_6.5_.jpg

My entire SCD collection

[parkplace33]

Originally Posted by Peter_Spaeth

What precedent is there for a dominant industry player acquiring a minor, niche competitor and continuing indefinitely to maintain its separateness and prop up its brand?

Exactly Peter. You get it.

Folks, look at the poll on the main board. 44 percent like me are in agreement, SGC will eventually dissolve. Maybe not today, maybe not in a year, but eventually it will happen. Collectors is not, I repeat, not going to run two companies like this forever. Makes no sense in the long run.

I have Sgc cards and I am now wonder what to do with them. Hold, cross, sell…. Not sure yet. But the news on Thursday has me thinking, as I am sure other SGC collectors are thinking as well. I know PSA will be flooded with crosses over the next few weeks.

[cgjackson222]

Originally Posted by parkplace33

Exactly Peter. You get it.

Folks, look at the poll on the main board. 44 percent like me are in agreement, SGC will eventually dissolve. Maybe not today, maybe not in a year, but eventually it will happen. Collectors is not, I repeat, not going to run two companies like this forever. Makes no sense in the long run.

I have Sgc cards and I am now wonder what to do with them. Hold, cross, sell…. Not sure yet. But the news on Thursday has me thinking, as I am sure other SGC collectors are thinking as well. I know PSA will be flooded with crosses over the next few weeks.

44% think SGC will be dissolved, but 50% think SGC will continue operating, though some think prices will increase and service will suffer.

[Peter_Spaeth]

Originally Posted by cgjackson222

44% think SGC will be dissolved, but 50% think SGC will continue operating, though some think prices will increase and service will suffer.

Poll the hobby in general, not this enclave of SGC devotees, and I bet the result would be wildly different. Not that it means anything of course; only Nat knows for sure and maybe he doesn't even know yet.

[cgjackson222]

Originally Posted by Peter_Spaeth

Poll the hobby in general, not this enclave of SGC devotees, and I bet the result would be wildly different. Not that it means anything of course; only Nat knows for sure and maybe he doesn't even know yet.

I'm not claiming the poll is indicative of the entire hobby. I'm just pushing back on the idea that the poll indicates that Collector's will kill SGC.
But I agree that perhaps no one, including Nat knows what will happen with SGC.

[Peter_Spaeth]

Originally Posted by parkplace33

Exactly Peter. You get it.

Folks, look at the poll on the main board. 44 percent like me are in agreement, SGC will eventually dissolve. Maybe not today, maybe not in a year, but eventually it will happen. Collectors is not, I repeat, not going to run two companies like this forever. Makes no sense in the long run.

I have Sgc cards and I am now wonder what to do with them. Hold, cross, sell…. Not sure yet. But the news on Thursday has me thinking, as I am sure other SGC collectors are thinking as well. I know PSA will be flooded with crosses over the next few weeks.

i wonder the same. For now I've landed on wait and see, but not very satisfying.

[ullmandds]

While I agree that in the short term sgc cards should maintain their value comparatively...esp the older more obscure stuff. Once us middle aged dinosaurs die off...SGC will have been long gone and the whippersnappers will shun anything in an SGC holder as fake/altered.

I'm not too concerned about values of my SGC collection as most are very desirable ruthian cards or more rare caramels and tobaccos.

[clamendo]

Originally Posted by Peter_Spaeth

What precedent is there for a dominant industry player acquiring a minor, niche competitor and continuing indefinitely to maintain its separateness and prop up its brand?

I’ve been in IT for 40 years. At least in that industry in never happens. I think if you don’t see an investment in an SGC Registry(maybe a pipe dream) or a merged registry that will be a tell tale sign. SGC collectors have been mentioning it ever since they moved to Florida and it has been deflected every year. PSA has the software and resources to do it, but why invest in a brand you’re going to kill.

I haven’t read every note, but maybe PSA is planning on getting out of California to a tax-friendly “red” state. You saw what Trump did, Jeff Bezos did.


Sent from my iPhone using Tapatalk

[ClementeFanOh]

I've waited a couple days to "read the room" on this thread. Many people are
putting forward thoughtful comments, while others use it to obliquely dig
at those who prefer SGC (I just learned I'm part of an "enclave of devotees".
Who'da thunk it?) Good Lord...

I agree that this is a good move by SGC ownership, selling to advantage.
Don't blame them a bit. Time will tell if/when/how PSA will somehow
manage to be intelligent about the SGC acquisition, or if they snatch defeat
from the jaws of victory.

Meantime, I'm not "flooding" PSA with cracked SGC cards for conversion,
because my faith in PSA's ability to grade properly hasn't changed. I'm
happy to keep my SGCs for the foreseeable future, see how things evolve
rather than make a mad dash for the panic room. People have remarked
about the demise of companies like GAI and the devaluation of their cards.
I'm not sure that's a clean comparison, SGC didn't simply fold and their
product is desirable. Quality tends to survive.

I attend a really good local show next weekend and Strongsville in April.
Those places will be a good testing ground for how hobbyists/dealers are
taking the news, I would think.

Trent King

[Fred]

After reading through this thread there seems to be "SGC" and "PSA" collectors. I'm neither. I collect cards that may or may not be encapsulated and if encapsulated, it could be by either (or different) TPG plastic housing the cards.

I'm not going to bust the card out of a piece of plastic because of some BS brand loyalty to a TPG whose subjectivity is just as bad as the other TPG.

In the end, does it really matter? It's a piece of plastic with a paper flip. I can't imagine why the encapsulation is going to influence the pricing that much.

I get it, if it's in a PSA slab it may get a little more money, but do people really think that because it's not in PSA plastic, the card is going to be worth so much less?

The writers of Seinfeld could have had a field day with this topic. I could see Larry David poking a lot of fun at this in Curb Your Enthusiasm.

[cdogstu99]

PSA To Buy SGC – Should This Card Grading Monopoly Be Allowed?

https://allvintagecards.com/psa-to-buy-sgc-monopoly/

[cgjackson222]

Originally Posted by cdogstu99

PSA To Buy SGC – Should This Card Grading Monopoly Be Allowed?

https://allvintagecards.com/psa-to-buy-sgc-monopoly/

I think the purchase of SGC will go completely under the radar of the FCC because "For 2024, the size-of-transaction threshold for reporting proposed mergers and acquisitions under Section 7A of the Clayton Act will adjust from $111.4 million to $119.5 million". I believe the purchase of SGC was/will be slightly less than $119.5

Even if it was above the $119.5 threshold should the FCC apply resources/scrutiny to this completely non-essential service?

[ullmandds]

Originally Posted by Fred

After reading through this thread there seems to be "SGC" and "PSA" collectors. I'm neither. I collect cards that may or may not be encapsulated and if encapsulated, it could be by either (or different) TPG plastic housing the cards.

I'm not going to bust the card out of a piece of plastic because of some BS brand loyalty to a TPG whose subjectivity is just as bad as the other TPG.

In the end, does it really matter? It's a piece of plastic with a paper flip. I can't imagine why the encapsulation is going to influence the pricing that much.

I get it, if it's in a PSA slab it may get a little more money, but do people really think that because it's not in PSA plastic, the card is going to be worth so much less?

The writers of Seinfeld could have had a field day with this topic. I could see Larry David poking a lot of fun at this in Curb Your Enthusiasm.

I agree with most of this...EXCEPT that only card nerds would appreciate a curb episode on this topic...not funny for the masses!

I could see a documentary on the comical corruption of the sports card hobby someday on tbs or the history channel.