NonSports Forum

Net54baseball.com
Welcome to Net54baseball.com. These forums are devoted to both Pre- and Post- war baseball cards and vintage memorabilia, as well as other sports. There is a separate section for Buying, Selling and Trading - the B/S/T area!! If you write anything concerning a person or company your full name needs to be in your post or obtainable from it. . Contact the moderator at leon@net54baseball.com should you have any questions or concerns. When you click on links to eBay on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network. Enjoy!
Net54baseball.com
Net54baseball.com
ebay GSB
T206s on eBay
Babe Ruth Cards on eBay
t206 Ty Cobb on eBay
Ty Cobb Cards on eBay
Lou Gehrig Cards on eBay
Baseball T201-T217 on eBay
Baseball E90-E107 on eBay
T205 Cards on eBay
Baseball Postcards on eBay
Goudey Cards on eBay
Baseball Memorabilia on eBay
Baseball Exhibit Cards on eBay
Baseball Strip Cards on eBay
Baseball Baking Cards on eBay
Sporting News Cards on eBay
Play Ball Cards on eBay
Joe DiMaggio Cards on eBay
Mickey Mantle Cards on eBay
Bowman 1951-1955 on eBay
Football Cards on eBay

Go Back   Net54baseball.com Forums > Net54baseball Main Forum - WWII & Older Baseball Cards > Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions

Reply
 
Thread Tools Display Modes
  #1  
Old 01-19-2022, 12:18 PM
Paulcurlee1 Paulcurlee1 is offline
Paul Curlee
member
 
Join Date: Dec 2021
Location: Chicago
Posts: 90
Default PSA backlog

Does anyone know if PSA has a plan to work through their backlog or is their solution to just “try harder”? If their backlog stays static or continues to grow, that’s nonsensical and seems artificial or intentional. Do they need help with efficiency or debottlenecking? I actually know a guy who helps large businesses with this type of transformation….

All levity aside - I had planned on getting my set graded all by PSA when it was done (which it is) however I’m 36 years old and cannot imagine parting with such a large part of my set for over a year when a competitor does it in 1/12th the time (if I line up for PSA grading and I live to be 80 years old, I’d essentially be giving up my cards for 2.3% of my remaining life, pass on that).

Real curious to hear if they are working on solutions. Thanks!
Reply With Quote
  #2  
Old 01-19-2022, 01:02 PM
Peter_Spaeth's Avatar
Peter_Spaeth Peter_Spaeth is offline
Peter Spaeth
Member
 
Join Date: Apr 2009
Posts: 30,264
Default

Quote:
Originally Posted by Paulcurlee1 View Post
Does anyone know if PSA has a plan to work through their backlog or is their solution to just “try harder”? If their backlog stays static or continues to grow, that’s nonsensical and seems artificial or intentional. Do they need help with efficiency or debottlenecking? I actually know a guy who helps large businesses with this type of transformation….

All levity aside - I had planned on getting my set graded all by PSA when it was done (which it is) however I’m 36 years old and cannot imagine parting with such a large part of my set for over a year when a competitor does it in 1/12th the time (if I line up for PSA grading and I live to be 80 years old, I’d essentially be giving up my cards for 2.3% of my remaining life, pass on that).

Real curious to hear if they are working on solutions. Thanks!
Yes, the solution has been to lower the submission price thus presumably increasing the flow of submissions and ADDING to the backlog.
__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at
https://www.jamesspaethartwork.com/

He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt.
Reply With Quote
  #3  
Old 01-19-2022, 03:17 PM
Republicaninmass Republicaninmass is offline
T3d $h3rm@n
Member
 
Join Date: May 2009
Posts: 8,148
Default

Down to just about 1 year behind
__________________
"Trolling Ebay right now" ©

Always looking for signed 1952 topps as well as variations and errors
Reply With Quote
  #4  
Old 01-19-2022, 03:22 PM
bobbyw8469's Avatar
bobbyw8469 bobbyw8469 is offline
Robert Williams
member
 
Join Date: Aug 2009
Location: North Carolina
Posts: 9,016
Default

It pains me because MY clock starts when the packages were received. I believe THEIR clock starts when they were logged in. And if that is the case, then they aren't going over a year.
Reply With Quote
  #5  
Old 01-19-2022, 03:50 PM
25801wv's Avatar
25801wv 25801wv is offline
Eugene
Eug,ene St.ump
 
Join Date: Apr 2012
Posts: 298
Default

My order arrived 3/9/21 and wasn't entered until 4/21/21. It finally moved to Grading, step 4 of 8. I don’t see myself ever using PSA again unless I win the lottery and am able to purchase a Ruth rookie or Wagner T206 and wish to get it in a PSA holder.
Reply With Quote
  #6  
Old 01-19-2022, 03:51 PM
jiw98 jiw98 is offline
Jeff H
Member
 
Join Date: Jan 2014
Location: Looking for par MI to FL
Posts: 443
Default

I listened to a interview the other day with the new president of PSA. He said that he is hoping to have the 6.7 million card back log caught up by this fall. I guess time will tell. It seems like a pretty lofty goal.
Reply With Quote
  #7  
Old 01-19-2022, 04:13 PM
BobbyStrawberry's Avatar
BobbyStrawberry BobbyStrawberry is offline
mªttHǝɯ h0uℊℌ
Member
 
Join Date: Oct 2020
Location: USA
Posts: 2,297
Default

Quote:
Originally Posted by jiw98 View Post
I listened to a interview the other day with the new president of PSA. He said that he is hoping to have the 6.7 million card back log caught up by this fall. I guess time will tell. It seems like a pretty lofty goal.
Didn't they say that like a year ago?
__________________
_
Successful transactions with: Natswin2019, ParachromBleu, Cmount76, theuclakid, tiger8mush, shammus, jcmtiger, oldjudge, coolshemp, joejo20, Blunder19, ibechillin33, t206kid, helfrich91, Dashcol, philliesfan, alaskapaul3, Natedog, Kris19, frankbmd, tonyo, Baseball Rarities, Thromdog, T2069bk, t206fix, jakebeckleyoldeagleeye, Casey2296, rdeversole, brianp-beme, seablaster, twalk, qed2190, Gorditadogg, LuckyLarry
Reply With Quote
  #8  
Old 01-19-2022, 05:13 PM
swarmee's Avatar
swarmee swarmee is offline
J0hn Raff3rty
Member
 
Join Date: Jul 2014
Location: Niceville FL
Posts: 6,902
Default

They are re-opening the $50 level using queues for people with annual memberships. Limit 5 per order, three orders per customer.
https://www.blowoutforums.com/showthread.php?t=1503413
__________________
--
PWCC: The Fish Stinks From the Head
PSA: Regularly Get Cheated
BGS: Can't detect trimming on modern
SGC: Closed auto authentication business
JSA: Approved same T206 Autos before SGC
Oh, what a difference a year makes.
Reply With Quote
  #9  
Old 01-19-2022, 05:25 PM
Tyruscobb Tyruscobb is offline
β.Γ.Ҽ.Ո.Ť Ḋ.Ÿ.Σ
 
Join Date: Jul 2019
Posts: 594
Default

Quote:
Originally Posted by Paulcurlee1 View Post
If their backlog stays static or continues to grow
PSA and the other third-party graders will never completely eliminate backlogs. They need the on deck work, so graders aren’t twiddling their thumbs waiting on cards to arrive.

The issue is reducing their backlog to a reasonable and manageable level. I think I read a few months ago that a 1.5M backlog is the ideal mark.
Reply With Quote
  #10  
Old 01-19-2022, 05:28 PM
NATCARD NATCARD is offline
Jeff Weisenberg
Member
 
Join Date: Aug 2009
Location: Massachusetts
Posts: 456
Default Psa $50?

WOW! 15 cards at $50, I am sure that will make all the 60's-80's psa set registry people send in their $4 commons to help fill holes. Not only that, but they will wait an inordinate amount of time to get 8’s on cards they thought were 9’s and 10!
Reply With Quote
  #11  
Old 01-19-2022, 09:15 PM
Paulcurlee1 Paulcurlee1 is offline
Paul Curlee
member
 
Join Date: Dec 2021
Location: Chicago
Posts: 90
Default

Quote:
Originally Posted by Tyruscobb View Post
PSA and the other third-party graders will never completely eliminate backlogs. They need the on deck work, so graders aren’t twiddling their thumbs waiting on cards to arrive.

The issue is reducing their backlog to a reasonable and manageable level. I think I read a few months ago that a 1.5M backlog is the ideal mark.
Don’t disagree that a backlog indicates health however in a sold out business - 0 backlog is always the ideal mark. Anything else is bluster. As a consumer - based on my original post - they are losing my business because of the backlog and technology exists today that’s more efficient and accurate at grading. They use it to grade massive amounts of lumber every single day in the wood industry.
Reply With Quote
  #12  
Old 01-19-2022, 11:38 PM
Snowman's Avatar
Snowman Snowman is offline
Travis
Tra,vis Tr,ail
 
Join Date: Jul 2021
Posts: 1,833
Default

I see the NFFTT strikes again!
Reply With Quote
  #13  
Old 01-20-2022, 04:23 PM
The-Cardfather's Avatar
The-Cardfather The-Cardfather is offline
Charles
Cha.rles
 
Join Date: Oct 2015
Location: New Jersey (But born & raised in Brooklyn, NY)
Posts: 411
Default

Quote:
Originally Posted by Paulcurlee1 View Post
Don’t disagree that a backlog indicates health however in a sold out business - 0 backlog is always the ideal mark. Anything else is bluster. As a consumer - based on my original post - they are losing my business because of the backlog..............

This reminded me of the time Yogi Berra was asked if he wished to dine at a highly-regarded restaurant, and his response was:

"Nobody goes there anymore. It’s too crowded."

LOL.
Attached Images
File Type: jpg Yogi.jpg (9.9 KB, 642 views)
__________________
.

- Charles

Check out my collection..........
http://ImageEvent.com/The_Cardfather

Check out my stuff for sale.........
(Message me for Net54 members direct sale discount.)
https://www.ebay.com/str/thecardfathersstore
Reply With Quote
  #14  
Old 01-20-2022, 06:05 PM
Vintage Paul Vintage Paul is offline
member
 
Join Date: Jan 2022
Posts: 4
Default

Quote:
Originally Posted by The Cardfather View Post
This reminded me of the time Yogi Berra was asked if he wished to dine at a highly-regarded restaurant, and his response was:

"Nobody goes there anymore. It’s too crowded."

LOL.
We need more Yogi's in Baseball!!!
Reply With Quote
  #15  
Old 01-20-2022, 06:36 PM
Paulcurlee1 Paulcurlee1 is offline
Paul Curlee
member
 
Join Date: Dec 2021
Location: Chicago
Posts: 90
Default

You can observe a lot by watching this forum
Reply With Quote
  #16  
Old 01-20-2022, 07:27 PM
JollyElm's Avatar
JollyElm JollyElm is offline
D@rrΣn Hu.ghΣs
Member
 
Join Date: Aug 2011
Posts: 7,331
Default

When I came to a fork in the thread, I took it.
__________________
All the cool kids love my YouTube Channel:
Elm's Adventures in Cardboard Land

https://www.youtube.com/@TheJollyElm

Looking to trade? Here's my bucket:
https://www.flickr.com/photos/152396...57685904801706

“I was such a dangerous hitter I even got intentional walks during batting practice.”
Casey Stengel

Spelling "Yastrzemski" correctly without needing to look it up since the 1980s.

Overpaying yesterday is simply underpaying tomorrow.
Reply With Quote
  #17  
Old 01-20-2022, 07:39 PM
Johnny630 Johnny630 is offline
Johnny MaZilli
Member
 
Join Date: Nov 2015
Posts: 4,145
Default

PSA still owns the Market, this will not change one bit.
Reply With Quote
  #18  
Old 01-20-2022, 07:44 PM
vthobby vthobby is offline
Mike P.ap
 
Join Date: Oct 2011
Location: VT
Posts: 2,370
Default mhmmm

Quote:
Originally Posted by Johnny630 View Post
PSA still owns the Market, this will not change one bit.
Johnny,

Respect your views but they might have the market for backlogs maybe. I agree they have alot of advantages including the Registry and their sales BUT SGC has figured out the market, took a huge backlog, uses flex pricing, and gets your cards back in a month. Bottom line. Their cards are catching up and just try to buy an SGC T206 for a bargain. Not happening.

SGC is running the show right now. Who really wants to wait a year or more? ugh

Mike

Last edited by vthobby; 01-20-2022 at 08:01 PM.
Reply With Quote
  #19  
Old 01-20-2022, 08:20 PM
Paulcurlee1 Paulcurlee1 is offline
Paul Curlee
member
 
Join Date: Dec 2021
Location: Chicago
Posts: 90
Default

Quote:
Originally Posted by Johnny630 View Post
PSA still owns the Market, this will not change one bit.
The first company that implements automated grading done by vision systems and computers will take market share, it’s just a matter of time. The technology and demand exist and the whole point of grading is a basis of objectivity. Machines are far more objective than humans.
Reply With Quote
  #20  
Old 01-20-2022, 08:32 PM
Johnny630 Johnny630 is offline
Johnny MaZilli
Member
 
Join Date: Nov 2015
Posts: 4,145
Default

Quote:
Originally Posted by vtgmsc View Post
Johnny,

Respect your views but they might have the market for backlogs maybe. I agree they have alot of advantages including the Registry and their sales BUT SGC has figured out the market, took a huge backlog, uses flex pricing, and gets your cards back in a month. Bottom line. Their cards are catching up and just try to buy an SGC T206 for a bargain. Not happening.

SGC is running the show right now. Who really wants to wait a year or more? ugh

Mike
I agree with you Mike, SGC is catching up, definitely in the vintage market.
Reply With Quote
  #21  
Old 01-20-2022, 09:22 PM
conor912's Avatar
conor912 conor912 is offline
C0nor D0na.hue
 
Join Date: Feb 2012
Posts: 3,151
Default

I heard today that some guys who sent in giant submissions a year ago, and PSA is finally getting around to grading, are getting hit with 6 and 7 figure fees that they now can’t/refuse to pay because the cards aren’t worth the grading fees. Look out.
__________________
Items for sale or trade here UPDATED 3-16-18
Reply With Quote
  #22  
Old 01-20-2022, 10:34 PM
Tyruscobb Tyruscobb is offline
β.Γ.Ҽ.Ո.Ť Ḋ.Ÿ.Σ
 
Join Date: Jul 2019
Posts: 594
Default

Quote:
Originally Posted by conor912 View Post
I heard today that some guys who sent in giant submissions a year ago, and PSA is finally getting around to grading, are getting hit with 6 and 7 figure fees that they now can’t/refuse to pay because the cards aren’t worth the grading fees. Look out.
I’ve never understood this. What is the business advantage for PSA not collecting upfront fees like SGC? You pay SGC upfront before you even mail it your cards. Who doesn’t like getting paid before the work is even done?

Just think how much money in interest alone PSA could’ve made off upfront fees this past year. Even when submissions were running at just 20 days, why wouldn’t any company want to receive all the money upfront and then earn interest on that money, or use it for other business aspects?

Plus, when the cards are graded, there is not any extra waiting to finally receive the bill, which delays shipping. With SGC, the cards are graded and then shipped. There is no extra invoice step (absent up charges), etc. PSA submitting a bill after grading, takes more time, increases overhead, and is just more work. Surprised Nat hasn’t figured this out. The float is your friend if your a business!

Seems like
Reply With Quote
  #23  
Old 01-21-2022, 12:04 AM
glchen's Avatar
glchen glchen is offline
_G@ґy*€hℯη_
Member
 
Join Date: Apr 2010
Posts: 2,913
Default

Quote:
Originally Posted by conor912 View Post
I heard today that some guys who sent in giant submissions a year ago, and PSA is finally getting around to grading, are getting hit with 6 and 7 figure fees that they now can’t/refuse to pay because the cards aren’t worth the grading fees. Look out.
This isn't correct. I was just hit with a surcharge for a grading submission to PSA. However, to be honest, PSA was correct in their value estimates for the cards I submitted. It was more that in the past, PSA was more lenient in allowing cards that were over the declared value limit to pass without adding a surcharge, and now they are lot stricter. You are also able to negotiate with them on the fees to come up with something somewhat more palatable. I'm not happy with paying these significant fees, which will impact how I submit to PSA in the future, but to be honest, they were correct in this situation.
Reply With Quote
  #24  
Old 01-21-2022, 04:22 AM
swarmee's Avatar
swarmee swarmee is offline
J0hn Raff3rty
Member
 
Join Date: Jul 2014
Location: Niceville FL
Posts: 6,902
Default

Quote:
Originally Posted by glchen View Post
This isn't correct.
MARX cards, very large bulk submitter, is defaulting on the million(s) it owes to PSA. But they took cash up front from their customers and seem to have frittered it away, and can no longer pay for the subs now that the bill came due.
https://www.blowoutforums.com/showthread.php?t=1503473

Josh from PCSportscards (another bulk submitter) posted in that thread that some of his clients have also been stiffing his company by walking away from worthless slabs. The "base card revolution" seems to have crashed less than 2 years after it began.
__________________
--
PWCC: The Fish Stinks From the Head
PSA: Regularly Get Cheated
BGS: Can't detect trimming on modern
SGC: Closed auto authentication business
JSA: Approved same T206 Autos before SGC
Oh, what a difference a year makes.

Last edited by swarmee; 01-21-2022 at 04:22 AM.
Reply With Quote
  #25  
Old 01-21-2022, 06:37 AM
Pat R's Avatar
Pat R Pat R is offline
P@trick R.omolo
member
 
Join Date: May 2012
Posts: 3,322
Default

Quote:
Originally Posted by glchen View Post
This isn't correct. I was just hit with a surcharge for a grading submission to PSA. However, to be honest, PSA was correct in their value estimates for the cards I submitted. It was more that in the past, PSA was more lenient in allowing cards that were over the declared value limit to pass without adding a surcharge, and now they are lot stricter. You are also able to negotiate with them on the fees to come up with something somewhat more palatable. I'm not happy with paying these significant fees, which will impact how I submit to PSA in the future, but to be honest, they were correct in this situation.

Did they use their Value guide in determining this? In Bobby's most recent sub ($500 and under declared value) there was an upcharge on 6 cards and using PSA's own guide on the values they were all under $500. Was your card over their value on it?
https://www.psacard.com/priceguide/b...card-values/13
Reply With Quote
  #26  
Old 01-21-2022, 07:29 AM
Directly Directly is offline
Tom Re.bert
 
Join Date: May 2009
Posts: 838
Default

Selling some basketball and football cards for the maximum return timing was crucial. A flipper sent cards to PSA a year ago expecting 20,000 in profit. Just now receiving them back now lost the potential 20,000 gain---even with a few great basketball cards a high grade Bird RC sell prices went from 75,000 down to 30,000. I know a Pokémon collector he breaks out graded cards and resubmits to Beckett, because he likes their holders--its all ones preference- --
Reply With Quote
  #27  
Old 01-21-2022, 10:24 AM
glchen's Avatar
glchen glchen is offline
_G@ґy*€hℯη_
Member
 
Join Date: Apr 2010
Posts: 2,913
Default

Quote:
Originally Posted by swarmee View Post
MARX cards, very large bulk submitter, is defaulting on the million(s) it owes to PSA. But they took cash up front from their customers and seem to have frittered it away, and can no longer pay for the subs now that the bill came due.
https://www.blowoutforums.com/showthread.php?t=1503473

Josh from PCSportscards (another bulk submitter) posted in that thread that some of his clients have also been stiffing his company by walking away from worthless slabs. The "base card revolution" seems to have crashed less than 2 years after it began.
Quote:
Originally Posted by Pat R View Post
Did they use their Value guide in determining this? In Bobby's most recent sub ($500 and under declared value) there was an upcharge on 6 cards and using PSA's own guide on the values they were all under $500. Was your card over their value on it?
https://www.psacard.com/priceguide/b...card-values/13
I used this from PSA's site when the declared value is understated: Link.

The relevant text is as follows:

"If you refuse, or are unable, to pay PSA for the accurate Service Level, then PSA will return the item to you unprocessed at your cost, and you will be charged for the Service Level at which you submitted the item."

Therefore, I still had to pay the upfront fee for the service level that I submitted the cards at, but I did not have to pay the upcharge. The cards were returned to me unslabbed. Saying that, this had to go through approval at PSA, and they told me this would be a one-time exception.

When I spoke with the PSA rep, we didn't go into how they were valuing my cards, so I can't say with certainty what methodology they were using. I'm pretty sure they were not using the PSA price guide. It seemed more that they were googling the card and checking latest prices for the card at that grade. However, I really am not sure on this part. They could be using VCP for all I know.
Reply With Quote
  #28  
Old 01-21-2022, 10:56 AM
Gorditadogg Gorditadogg is offline
Al Stein
Member
 
Join Date: Aug 2019
Location: Chicago
Posts: 1,871
Default

Quote:
Originally Posted by Pat R View Post
Did they use their Value guide in determining this? In Bobby's most recent sub ($500 and under declared value) there was an upcharge on 6 cards and using PSA's own guide on the values they were all under $500. Was your card over their value on it?

https://www.psacard.com/priceguide/b...card-values/13
They are probably using their APR value, which is the recent average sales price for reported PSA sales. The PSA value is just the old SMR price, which is updated every 10 years or so.

Sent from my SM-G955U using Tapatalk
Reply With Quote
  #29  
Old 01-21-2022, 11:21 AM
Pat R's Avatar
Pat R Pat R is offline
P@trick R.omolo
member
 
Join Date: May 2012
Posts: 3,322
Default

Quote:
Originally Posted by Gorditadogg View Post
They are probably using their APR value, which is the recent average sales price for reported PSA sales. The PSA value is just the old SMR price, which is updated every 10 years or so.

Sent from my SM-G955U using Tapatalk
Even using their APR value there shouldn't have been an upcharge on some of the cards.
One of the cards was a Mathewson white cap in a PSA 2 the APR on that card is $449.99

https://www.psacard.com/auctionprice...ummary/2092813

Last edited by Pat R; 01-21-2022 at 11:22 AM.
Reply With Quote
  #30  
Old 01-21-2022, 12:05 PM
lowpopper's Avatar
lowpopper lowpopper is offline
Greg C
Member
 
Join Date: Feb 2017
Location: LONG ISLAND, NY
Posts: 575
Default

Let's just be patient. Card grading is a privilege.
__________________
EBAY STORE: ROOKIE-PARADE
Reply With Quote
  #31  
Old 01-21-2022, 12:13 PM
lowpopper's Avatar
lowpopper lowpopper is offline
Greg C
Member
 
Join Date: Feb 2017
Location: LONG ISLAND, NY
Posts: 575
Default

Let's just be patient. Card grading is a privilege.
__________________
EBAY STORE: ROOKIE-PARADE
Reply With Quote
  #32  
Old 01-21-2022, 12:18 PM
glchen's Avatar
glchen glchen is offline
_G@ґy*€hℯη_
Member
 
Join Date: Apr 2010
Posts: 2,913
Default

Quote:
Originally Posted by Pat R View Post
Even using their APR value there shouldn't have been an upcharge on some of the cards.
One of the cards was a Mathewson white cap in a PSA 2 the APR on that card is $449.99

https://www.psacard.com/auctionprice...ummary/2092813

That sale for the PSA2 Mathewson was in 2017. I think we can all agree that prices have gone up significantly since then. Here's a PSA 2 that sold this year for $1375 on ebay. Link. That would be the correct value to use, so the card would probably have gotten a $100 upcharge. I'm not saying I like this, but it is what it is.

Last edited by glchen; 01-21-2022 at 12:18 PM.
Reply With Quote
  #33  
Old 01-21-2022, 12:22 PM
Gorditadogg Gorditadogg is offline
Al Stein
Member
 
Join Date: Aug 2019
Location: Chicago
Posts: 1,871
Default

Quote:
Originally Posted by Pat R View Post
Even using their APR value there shouldn't have been an upcharge on some of the cards.
One of the cards was a Mathewson white cap in a PSA 2 the APR on that card is $449.99

https://www.psacard.com/auctionprice...ummary/2092813
Haha, aren't you a trip. That was a 2017 sale. I am guessing the value of that card is slightly higher now. What do you think it is worth today? $2500?
Reply With Quote
  #34  
Old 01-21-2022, 01:04 PM
esehombre esehombre is offline
Noel
Member
 
Join Date: May 2009
Location: Warner Robins Georgia
Posts: 556
Default PSA Upcharges

The last PSA Submission I received (December 2021) I was hit with an "Upcharge". They sent me a link to a Goldin Auction that ended in October.
Reply With Quote
  #35  
Old 01-21-2022, 01:14 PM
Johnny630 Johnny630 is offline
Johnny MaZilli
Member
 
Join Date: Nov 2015
Posts: 4,145
Default

Quote:
Originally Posted by esehombre View Post
The last PSA Submission I received (December 2021) I was hit with an "Upcharge". They sent me a link to a Goldin Auction that ended in October.
That's a Win on the Upcharge !
Reply With Quote
  #36  
Old 01-21-2022, 01:19 PM
glchen's Avatar
glchen glchen is offline
_G@ґy*€hℯη_
Member
 
Join Date: Apr 2010
Posts: 2,913
Default

BTW, PSA has issued a statement on MARX cards here: Link
Reply With Quote
  #37  
Old 01-21-2022, 01:25 PM
Pat R's Avatar
Pat R Pat R is offline
P@trick R.omolo
member
 
Join Date: May 2012
Posts: 3,322
Default

Quote:
Originally Posted by Gorditadogg View Post
Haha, aren't you a trip. That was a 2017 sale. I am guessing the value of that card is slightly higher now. What do you think it is worth today? $2500?
Well you're the one that said that's what they were probably using for the values.
Reply With Quote
  #38  
Old 01-21-2022, 01:41 PM
swarmee's Avatar
swarmee swarmee is offline
J0hn Raff3rty
Member
 
Join Date: Jul 2014
Location: Niceville FL
Posts: 6,902
Default

Quote:
Originally Posted by glchen View Post
BTW, PSA has issued a statement on MARX cards here: Link
Looks like PSA is aware the authorized dealer is filing for bankruptcy protection. So the customers get their cards back in whatever state of grading they're in (most ungraded?), then have to fight PSA and others who are also owed money by Marx? Ugh. This may drag on a long time. And PSA specifically didn't say that those cards would be allowed to continue going through grading, just that they would be returned in the most expeditious manner. Many customers will now be out the grading fees (to Marx), with their cards back 1+ years later ungraded and some nearly worthless.
__________________
--
PWCC: The Fish Stinks From the Head
PSA: Regularly Get Cheated
BGS: Can't detect trimming on modern
SGC: Closed auto authentication business
JSA: Approved same T206 Autos before SGC
Oh, what a difference a year makes.
Reply With Quote
  #39  
Old 01-21-2022, 08:18 PM
BobbyStrawberry's Avatar
BobbyStrawberry BobbyStrawberry is offline
mªttHǝɯ h0uℊℌ
Member
 
Join Date: Oct 2020
Location: USA
Posts: 2,297
Default

Honest question: what the !*&# is PSA doing? (From a business perspective, I mean.)

Instead of spending years failing to work through the backlog and angering their customer base, why not hire more people and expand their capacity?
__________________
_
Successful transactions with: Natswin2019, ParachromBleu, Cmount76, theuclakid, tiger8mush, shammus, jcmtiger, oldjudge, coolshemp, joejo20, Blunder19, ibechillin33, t206kid, helfrich91, Dashcol, philliesfan, alaskapaul3, Natedog, Kris19, frankbmd, tonyo, Baseball Rarities, Thromdog, T2069bk, t206fix, jakebeckleyoldeagleeye, Casey2296, rdeversole, brianp-beme, seablaster, twalk, qed2190, Gorditadogg, LuckyLarry
Reply With Quote
  #40  
Old 01-22-2022, 04:12 AM
swarmee's Avatar
swarmee swarmee is offline
J0hn Raff3rty
Member
 
Join Date: Jul 2014
Location: Niceville FL
Posts: 6,902
Default

Quote:
Originally Posted by BobbyStrawberry View Post
Instead of spending years failing to work through the backlog and angering their customer base, why not hire more people and expand their capacity?
Honest answer: I believe they have more than tripled their capacity in the last couple of years, it just hasn't been enough for the market which has grown into base card slab flippers in the same time.
Their biggest failure seems to be keeping low prices for too long, so that the backlog grew quickly to an inordinate pile to ever grow out of.
__________________
--
PWCC: The Fish Stinks From the Head
PSA: Regularly Get Cheated
BGS: Can't detect trimming on modern
SGC: Closed auto authentication business
JSA: Approved same T206 Autos before SGC
Oh, what a difference a year makes.
Reply With Quote
  #41  
Old 01-22-2022, 06:57 AM
Mike D. Mike D. is offline
Member
 
Join Date: Jan 2019
Location: West Greenwich, RI
Posts: 1,486
Default

Quote:
Originally Posted by swarmee View Post
Honest answer: I believe they have more than tripled their capacity in the last couple of years, it just hasn't been enough for the market which has grown into base card slab flippers in the same time.
Their biggest failure seems to be keeping low prices for too long, so that the backlog grew quickly to an inordinate pile to ever grow out of.
That’s my take as well. Also, people who say “just hire more people” must not have tried hiring anyone of late…it’s really difficult right now!
Reply With Quote
  #42  
Old 01-22-2022, 10:49 AM
conor912's Avatar
conor912 conor912 is offline
C0nor D0na.hue
 
Join Date: Feb 2012
Posts: 3,151
Default

Quote:
Originally Posted by glchen View Post
BTW, PSA has issued a statement on MARX cards here: Link
I’ve heard guys ask why PSA doesn’t just charge at the time of submission like SCG. Ive wondered the same thing, and the only possible reason I can come up with having something to do with liability and them being able skirt any semblance of legal responsibility for promised services….basically saying we don’t have make good on any promises until payment is collected. Curious to hear other takes, though.
__________________
Items for sale or trade here UPDATED 3-16-18
Reply With Quote
  #43  
Old 01-22-2022, 11:05 AM
swarmee's Avatar
swarmee swarmee is offline
J0hn Raff3rty
Member
 
Join Date: Jul 2014
Location: Niceville FL
Posts: 6,902
Default

PSA Pros:
1) Charging for the order in advance would make it harder to upcharge customers when their assessed graded card value now exceeds their submission level declared value.
2) They would have to escrow large amounts of money on behalf of customers, maybe? Or at least change up their accounting
3) Don't have to deal with refunds.

Customer pros:
1) You couldn't file a chargeback on a credit card payment if the grading took over 6 months? This is the cluster that BGS has been in for 4 (?) years.
2) Theoretically you could let them keep your cards if you were underwater on them, like sending back your house keys to your mortgage lender during the subprime crisis.
3) Your money isn't tied up.
__________________
--
PWCC: The Fish Stinks From the Head
PSA: Regularly Get Cheated
BGS: Can't detect trimming on modern
SGC: Closed auto authentication business
JSA: Approved same T206 Autos before SGC
Oh, what a difference a year makes.
Reply With Quote
  #44  
Old 01-22-2022, 11:44 AM
Tyruscobb Tyruscobb is offline
β.Γ.Ҽ.Ո.Ť Ḋ.Ÿ.Σ
 
Join Date: Jul 2019
Posts: 594
Default

Quote:
Originally Posted by conor912 View Post
I’ve heard guys ask why PSA doesn’t just charge at the time of submission like SCG. Ive wondered the same thing, and the only possible reason I can come up with having something to do with liability and them being able skirt any semblance of legal responsibility for promised services….basically saying we don’t have make good on any promises until payment is collected. Curious to hear other takes, though.
The backlog was allegedly between 13M and 14M cards. Let’s compromise at 13.5M. Let’s estimate that the average grading fee for the 13.5M cards was $15.00. That equals $202,500,000.00 in upfront fees.

Let’s estimate that PSA could earn just 1% interest on those fees. That’s $2,025,000.00 in yearly interest (free money) just from collecting fees upfront and depositing them into an account. How does this not make sense?
Reply With Quote
  #45  
Old 01-22-2022, 12:00 PM
BobbyStrawberry's Avatar
BobbyStrawberry BobbyStrawberry is offline
mªttHǝɯ h0uℊℌ
Member
 
Join Date: Oct 2020
Location: USA
Posts: 2,297
Default

Quote:
Originally Posted by Mike D. View Post
That’s my take as well. Also, people who say “just hire more people” must not have tried hiring anyone of late…it’s really difficult right now!
Difficult? CU is worth close to a billion dollars and PSA is the industry leader. We're not talking about a Burger King franchise here.
__________________
_
Successful transactions with: Natswin2019, ParachromBleu, Cmount76, theuclakid, tiger8mush, shammus, jcmtiger, oldjudge, coolshemp, joejo20, Blunder19, ibechillin33, t206kid, helfrich91, Dashcol, philliesfan, alaskapaul3, Natedog, Kris19, frankbmd, tonyo, Baseball Rarities, Thromdog, T2069bk, t206fix, jakebeckleyoldeagleeye, Casey2296, rdeversole, brianp-beme, seablaster, twalk, qed2190, Gorditadogg, LuckyLarry
Reply With Quote
  #46  
Old 01-22-2022, 12:28 PM
Paulcurlee1 Paulcurlee1 is offline
Paul Curlee
member
 
Join Date: Dec 2021
Location: Chicago
Posts: 90
Default

Quote:
Originally Posted by Mike D. View Post
That’s my take as well. Also, people who say “just hire more people” must not have tried hiring anyone of late…it’s really difficult right now!
So there’s several ways to overcome that:
1) pay more to qualified people (raising wages shouldn’t be too hard since they’re a private company now
2) train card graders and incentivize it - lots of good people working in industries still that they’d probably prefer to be a card grader - I feel comfortable on that assumption
3) invest in automation that alleviates the human capacity requirement, decreases cycle time and increases accuracy.

If they aren’t having the above 3 conversations in the c-suite daily they’re doing it wrong.
Reply With Quote
  #47  
Old 01-22-2022, 12:32 PM
conor912's Avatar
conor912 conor912 is offline
C0nor D0na.hue
 
Join Date: Feb 2012
Posts: 3,151
Default

Quote:
Originally Posted by BobbyStrawberry View Post
Difficult? CU is worth close to a billion dollars and PSA is the industry leader. We're not talking about a Burger King franchise here.
You’d be surprised how many people don’t want to sit in a dark room for 10 hours a day scrutinizing sportscards for $35k/year.
__________________
Items for sale or trade here UPDATED 3-16-18
Reply With Quote
  #48  
Old 01-22-2022, 12:34 PM
Republicaninmass Republicaninmass is offline
T3d $h3rm@n
Member
 
Join Date: May 2009
Posts: 8,148
Default

Quote:
Originally Posted by conor912 View Post
You’d be surprised how many people don’t want to sit in a dark room for 10 hours a day scrutinizing sportscards for $35k/year.
More so in Newport Beach. Maybe they need an office in Podunk Iowa?
__________________
"Trolling Ebay right now" ©

Always looking for signed 1952 topps as well as variations and errors
Reply With Quote
  #49  
Old 01-22-2022, 12:57 PM
Lorewalker's Avatar
Lorewalker Lorewalker is offline
Chase
Member
 
Join Date: May 2018
Location: Oakland, CA
Posts: 1,319
Default

The whole concept of these large group submissions is one I feel PSA should not encourage. By doing so I would think they are providing or at least implying assurances that the authorized dealer will safeguard participants' cards. So it begs the question if they have any liability or responsibility in this instance.

My bigger issue with it is that it creates an "unfair" competitive edge for the person or business who simply has the capacity to create these massive ongoing submissions. PSA was going to get the business from the individuals who make up these group subs anyway. These submitters now get much faster turnaround and they get a price per card that is significantly less. There is nothing stopping me from participating and sharing that edge but I like being able to control my own valuables to the extent that I can. I always worry something like this could happen or that cards gets switched out or there are delays on making the submission, etc. These subs are much different than two hobbyists piggybacking on an order. If my 200 card sub gets to PSA the same day one of these group subs of 5,000 cards gets there my sub is going to be there for months well after the 5,000 card sub has been returned.
__________________
( h @ $ e A n + l e y
Reply With Quote
  #50  
Old 01-22-2022, 01:24 PM
Mike D. Mike D. is offline
Member
 
Join Date: Jan 2019
Location: West Greenwich, RI
Posts: 1,486
Default

Quote:
Originally Posted by BobbyStrawberry View Post
Difficult? CU is worth close to a billion dollars and PSA is the industry leader. We're not talking about a Burger King franchise here.
It’s not just fast food that’s hurting…try hiring a technician, a software developer, or basically any job up or down the salary scale. Unemployment is at 3.9%.

Higher wages can help…although that usually means higher prices. But we have a shortage of workers globally right now - probably with many contributing reasons.

That being said…PSA is having success hiring…from their website:

“ In January 2020, PSA's parent company Collectors Universe employed 421 team members. Today we stand 783 people strong and growing daily. We’ve been adding more than 2 people per business day for more than 6 months and we’re still going.”
Reply With Quote
Reply



Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Psa backlog in 2020 and 2021 parkplace33 Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 1 12-11-2021 10:00 PM
Current PSA Backlog Number? parkplace33 Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 16 05-23-2021 12:43 PM
Wait times backlog at grading companies kevinlenane Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 5 10-06-2020 07:02 PM
SGC Backlog Cozumeleno Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 15 11-13-2018 03:39 PM
SGC backlog? t206hound Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 14 01-05-2011 11:43 AM


All times are GMT -6. The time now is 09:36 AM.


ebay GSB