PSA Likely to be Sold - Then Out of Business? Part 3

[HRBAKER]

Is there a chance that the normal progression of things would hold that at some point submissions of cards would fall as more and more of the existing inventory of cards has been graded? There are obviously resubmits, etc. I don't know what % of PSA's business is newer cards, but if it of any significance at all - there are considerably fewer new cards being manufactured currently than in the recent past as well. I have no ax to grind or bone to pick. I am not sure it would benefit anymore for them to fall by the wayside.

[JamesGallo]

Originally Posted by HRBAKER

Is there a chance that the normal progression of things would hold that at some point submissions of cards would fall as more and more of the existing inventory of cards has been graded? There are obviously resubmits, etc. I don't know what % of PSA's business is newer cards, but if it of any significance at all - there are considerably fewer new cards being manufactured currently than in the recent past as well. I have no ax to grind or bone to pick. I am not sure it would benefit anymore for them to fall by the wayside.

Your kidding me with this right. There are a crap ton of new cards. There are not as many companies but Upper deck puts out a zillion sets.

Pick up a price guide and look at the modern section its hard to figure what is what.

I have barely graded much of anything with PSA in 2 years, partly becuase they raised their bulk prices and partly because they don't offer much value to me via the product or the customer service.

James G

[HRBAKER]

No, I'm not kidding. I didn't say there wasn;t God's Plenty of new stuff out there. I said there was not as much as there used to be.

PSA cards boast some of the poorest grading and overvalued vintage out there. I have no clue why they bring in so much money on sales compared to SGC and Beckett graded cards. I never touch PSA anymore because I have had horrible luck in crossover. Buy a grade 4 and end up with a 2-3. To many times. I say shape up or ship out!!!!!!!!!!!

On a good note though if they do sell and end up revamping its card side I could see the positives in the industry. It's hard to see any company fail but its not you fault or mine that this happens. Best example of ignorance on their behalf "The Famed Wagner". (and about 90% of the vintage I bought in the past graded from them)(my luck maybe)

[alanu]

The decrease in submissions seems in line given the current economic condition and although it's a decrease, 90-100,000 per month seems like a lot of submissions to walk away from. Does anyone have an idea of what percentage of the total card grading market this represents?

Not sure what to read into the stock repurchase.

edited for typo

[JamesGallo]

Originally Posted by alanu

The decrease in submissions seems in line given the current economic condition and although it's a decrease, 90-100,000 per month seems like a lot of submissions to walk away from. Does anyone have an idea of what percentage of the total card grading market this represents?

Not sure what to read into the stock repurchase.

edited for typo

I disagree because I am grading more and more cards with SGC then ever, so my submissions aren't down they just aren't going to PSA anymore.

And if I didn't make it clear in my earlier post, I think there is just as much product out there now and 5-10 years ago. There might even be more now.

James G

Does anyone know if sgc submissions are also down during that same time frame?

[alanu]

Originally Posted by JamesGallo

I disagree because I am grading more and more cards with SGC then ever, so my submissions aren't down they just aren't going to PSA anymore.

And if I didn't make it clear in my earlier post, I think there is just as much product out there now and 5-10 years ago. There might even be more now.

James G

I would just add that it's my gut feel that only a small percentage of grading submissions are pre-war and I wouldn't be surprised if those submissions are stable, but it's the more recent stuff that has really taken a hit in value that is causing the reduction in submissions.

[Touch'EmAll]

PSA needs to survive on modern only cards - for example, how many more ungraded raw T206 HOFers are sitting out there - really folks ? not many.

And sorry to say, but the PSA set registry is the single most important thing driving prices above and beyond the other reputable graders.

If PSA goes down, what are the speculations on the Set Registry thing?

Other than that, PSA prices will always be near the top of the pricing world. So what if PSA goes down, SGC will scoop up the business - is that bad?

steve

[Kehfee]

Originally Posted by Pup6913

PSA cards boast some of the poorest grading and overvalued vintage out there. I have no clue why they bring in so much money on sales compared to SGC and Beckett graded cards. I never touch PSA anymore because I have had horrible luck in crossover. Buy a grade 4 and end up with a 2-3. To many times. I say shape up or ship out!!!!!!!!!!!

On a good note though if they do sell and end up revamping its card side I could see the positives in the industry. It's hard to see any company fail but its not you fault or mine that this happens. Best example of ignorance on their behalf "The Famed Wagner". (and about 90% of the vintage I bought in the past graded from them)(my luck maybe)

Not to pile on, but I guess I am. I have never received a bump on a PSA->SGC T205 crossover. Of the 25 or so I have submitted 10 or so did not not cross at equivalent grade.

[illini805]

I used to use PSA for everything but after being treated poorly time and time again by their customer service, I stopped using them.

[HOFAUTOS]

I guess I have been treated fairly by them. If a problem ever happened or if I had a question, I would email Joe Orlando and have an answer in usually less than 24 hours.