PSA to open a new joint SGC/PSA location in FL

[Peter_Spaeth]

Originally Posted by Johnny630

It sure doesn't sound good the writing seems to be on the wall… My dealer friend thinks that the numbers were down this month for sgc because they're flooded with cards and can't keep up with the grading.

Yogi lives. We have so many cards to grade we graded fewer cards. Think about it, John, does that really make sense to you?

[Johnny630]

Originally Posted by Peter_Spaeth

Yogi lives. We have so many cards to grade we graded fewer cards. Think about it, John, does that really make sense to you?

No it doesn't make sense Peter...i think the main concern with SGC Owners and dealers is they may have big cards in SGC holders that PSA won't cross. They're concerned about what this does to their value down the road.

[Peter_Spaeth]

Originally Posted by Johnny630

No it doesn't make sense Peter...i think the main concern with SGC Owners and dealers is they may have big cards in SGC holders that PSA won't cross. They're concerned about what this does to their value down the road.

That I can understand, I have a bunch of older SGC grades as well that while great cards and I believe unaltered, are not going to cross under the new standards. If and when the brand is discontinued, I think inevitably it will become devalued.

[Johnny630]

Originally Posted by Peter_Spaeth

That I can understand, I have a bunch of older SGC grades as well that while great cards and I believe unaltered, are not going to cross under the new standards. If and when the brand is discontinued, I think inevitably it will become devalued.

That's the scary thing for SGC collectors and investors...agree if this happens down the road it will inevitably devalue to what extent I don’t know. A lot depends on what the card is and how it looks along with it desirability.

It’s interesting that’s for sure.

[Snowman]

Originally Posted by Peter_Spaeth

Yogi lives. We have so many cards to grade we graded fewer cards. Think about it, John, does that really make sense to you?

SGC is in fact flooded right now. They even had to increase their stated turnaround times as a result. One data point does not indicate a trend. Go look further back than just this last month. SGC demand is stronger than ever. The fact that they graded fewer cards could be attributable to numerous other factors that have nothing to do with consumer demand. 1. There were fewer working days last month than there were in the month and year/month prior. 2. International submissions were down due to the impact of tariffs. 3. They are preparing to share space with PSA. Surely some resources are being allocated to the logistics of that project. 4. Even just one grader going on vacation for a month could impact output by ~3%. If multiple graders are out at the same time, that number gets larger. If any graders quit or get fired, that will impact volume as well. I could go on, but you get the point.

[Snowman]

Something else worth remembering is that Nat Turner undoubtedly plans to take Collectors public at some point. There is no way in hell he's going to cut off the SGC brand before that happens. While you idiots may think that's the smart business move, I assure you the market will not.

Things could change after they go public and Nat Turner cashes out. Maybe the board will select a new CEO. Perhaps grading standards could become important again under new leadership. Perhaps the market will sour on the SGC brand. Perhaps it won't. Who knows. But as long as there is strong demand for SGC, they will remain.

[Yoda]

Didn't PSA take possession of a large facility in Northern New Jersey in the not too distant past?

[Schlesinj]

Originally Posted by Yoda

Didn't PSA take possession of a large facility in Northern New Jersey in the not too distant past?

I think they had a central Jersey one that house the photo team. I think that closed.

[Peter_Spaeth]

They definitely grade out of New Jersey. Raw cards requiring ebay authentication ship to their New Jersey facility.