SO SGC just tripled its prices?

[Johnny630]

This is smart instead of suspending jack up the prices 3 fold, keep things moving. They don't want all the junk modern economy PSA Bulk Hold Overs coming their way.

Raising Prices Slightly Like PSA and SGC Did last month didn't slow anything, people didn't get it. Now They Will.

This is a nice way of telling people please stop sending us junk modern.

[Jcosta19]

Originally Posted by Johnny630

This is smart instead of suspending jack up the prices 3 fold, keep things moving. They don't want all the junk modern economy PSA Bulk Hold Overs coming their way.

Raising Prices Slightly Like PSA and SGC Did last month didn't slow anything, people didn't get it. Now They Will.

This is a nice way of telling people please stop sending us junk modern.

Agree 100%.
They decided to prioritize customer service/timeliness over a bulk money grab and bloated wait times again.

Can't win all around but they had to react. Although it does mean I won't be getting anything graded anytime soon now.

Sent from my SM-G960U using Tapatalk

[Johnny630]

Originally Posted by Jcosta19

Agree 100%.
They decided to prioritize customer service/timeliness over a bulk money grab and bloated wait times again.

Can't win all around but they had to react. Although it does mean I won't be getting anything graded anytime soon now.

Sent from my SM-G960U using Tapatalk

Absolutely This Was A Smart and Prudent Business Move....As a Collector I DON'T NEED OR HAVE TO SEND ANYTHING IN FOR GRADING TO ENJOY COLLECTING...

IMO THIS IS WEEDING OUT THE ONES ONLY IN IT FOR MONEY AND THE QUICK FLIP...IT"S GOTTEN WAY TO HYPER INFLATED DURING THE PAST 4 MONTHS NEEDS A CORRECTION THIS IS HEALTHY LONG TERM

JUST MY OPINION

[Knoxy24]

HGA grading about to blow up!

[sportscardpete]

Tough move but a smart move. Keeping those prices would have brought them back to square 1.

[bobbyw8469]

CSG about to blow up!

[yanksfan09]

I just don’t get why the big established grading companies don’t hire and train more people, it’s been years now of bloated Wait times and increased submissions. Golden opportunity for some company to fill the void and pick up the slack. The demand is more than there.

[Tabe]

Originally Posted by yanksfan09

I just don’t get why the big established grading companies don’t hire and train more people, it’s been years now of bloated Wait times and increased submissions. Golden opportunity for some company to fill the void and pick up the slack. The demand is more than there.

Combination of the job requiring a fair amount of training and what I assume is relatively low pay.

[sportsnut25]

Interesting tidbit from the release, which essentially blamed PSA's stoppage on the hike: "Over the last 24 hours, the number of cards submitted to SGC for grading has increased by over 500%."

Good news is this is, supposedly, temporary:

"Our entire team cares about how you’re feeling and we know that this means we will be 'pricing out' a large group of cards. Please understand that this is temporary and we will continue to build at an unmatched rate. Although I cannot pinpoint exactly when it will take place, SGC will be lowering our prices as soon as we feel we can effectively meet the demand."

[hcv123]

Originally Posted by sportsnut25

Interesting tidbit from the release, which essentially blamed PSA's stoppage on the hike: "Over the last 24 hours, the number of cards submitted to SGC for grading has increased by over 500%."

Good news is this is, supposedly, temporary:

"Our entire team cares about how you’re feeling and we know that this means we will be 'pricing out' a large group of cards. Please understand that this is temporary and we will continue to build at an unmatched rate. Although I cannot pinpoint exactly when it will take place, SGC will be lowering our prices as soon as we feel we can effectively meet the demand."

From their actions I surmise PSA believes they have a stranglehold on the market - a "service" that people are willing to just wait indefinitey for. Clearly if SGC's submissions went up 500% overnight, not as many "loyal" customers as PSA might believe. Really hope SGC can ramp up and capitalize on what might be a once in the company's lifetime opportunity.

[hcv123]

Originally Posted by Johnny630

Absolutely This Was A Smart and Prudent Business Move....As a Collector I DON'T NEED OR HAVE TO SEND ANYTHING IN FOR GRADING TO ENJOY COLLECTING...

IMO THIS IS WEEDING OUT THE ONES ONLY IN IT FOR MONEY AND THE QUICK FLIP...IT"S GOTTEN WAY TO HYPER INFLATED DURING THE PAST 4 MONTHS NEEDS A CORRECTION THIS IS HEALTHY LONG TERM

JUST MY OPINION

To the contrary - I think this will put incredible upward price pressure on lower value cards (under $ ~$800 - anything already graded - is "worth" more overnight as the cost of grading the same card raw today just tripled. That could spill over into the raw market with people not wanting to pay the inflated prices for graded cards and create a spike in demand and likely spike in prices that hasn't been seen yet.

[Oscar_Stanage]

Originally Posted by hcv123

To the contrary - I think this will put incredible upward price pressure on lower value cards (under $ ~$800 - anything already graded - is "worth" more overnight as the cost of grading the same card raw today just tripled. That could spill over into the raw market with people not wanting to pay the inflated prices for graded cards and create a spike in demand and likely spike in prices that hasn't been seen yet.

not sure about this.... the people making these submissions and causing problems are flippers. the are grading Ja Morant pinked cracked ice young gun autos.
they are after endless profits in an endlessly rising market. if the market cracks, they will go away faster than they came.