Sorry if I’m Walking Funny...

[jscotta1989]

...but PSA just bent me over on this most recent order. I sent this bulk submission in right before the shutdown, and they logged it on 4/30. Went 34/100 on Gems. Usually hit between 60-80 percent and have submitted over a dozen bulk submissions over the last 2-3 years. They killed me on Kyler Murray, Luka, Zion, SGA, and Daniel Jones. Still will end up making money, but will definitely be adjusting my expectations going forward.

[KepCards]

Originally Posted by jscotta1989

...but PSA just bent me over on this most recent order. I sent this bulk submission in right before the shutdown, and they logged it on 4/30. Went 34/100 on Gems. Usually hit between 60-80 percent and have submitted over a dozen bulk submissions over the last 2-3 years. They killed me on Kyler Murray, Luka, Zion, SGA, and Daniel Jones. Still will end up making money, but will definitely be adjusting my expectations going forward.

yep, but some people on forums think that people like you just aren't checking your cards close enough...ummm, people -- I am sure that this guy checks his cards the same as he did in his prior dozen or so bulk subs...so why would he now get 34% gems whereas he used to get double that?

[Nostalgia]

Originally Posted by KepCards

yep, but some people on forums think that people like you just aren't checking your cards close enough...ummm, people -- I am sure that this guy checks his cards the same as he did in his prior dozen or so bulk subs...so why would he now get 34% gems whereas he used to get double that?

Should we just hold off on our submissions?

[messier2]

Pop control + stricter/new grading standards = the "new" PSA

[BRob1]

Originally Posted by Nostalgia

Should we just hold off on our submissions?

You still have to get them in eventually, and and anything under regular level is taking several months minimum, so you still might as well get them in the queue. Doubt grading is getting any easier.

[Shortydoowop]

Shouldn’t it be illegal to change the standard on something that can manipulate a billion dollar industry? Seems like they should lose credibility.

[kabrune2]

Originally Posted by Shortydoowop

Shouldn’t it be illegal to change the standard on something that can manipulate a billion dollar industry? Seems like they should lose credibility.

Shouldn't a company that gives Mint grades to trimmed and altered cards lose credibility?

Shouldn't a company that doesn't protect the card inside it's case and let's it slide around while saying it's Gem Mint lose credibility?

Shouldn't a company that prioritizes forgers and trimmers and known card doctors ahead of all other orders lose credibility?

[Shortydoowop]

Dang. I hear that.

[trmpetyjo]

They primed the market for a BGS take over. If BGS is smart enough to do it, they can get a ton of business and come out as the premier grading company. Not sure if they are, but when a company like PSA hammers every single submission with no warning out of the blue like they have recently people start looking at BGS, or at least the consistency of BGS.

Imagine the money and time people have spent learning the submission standards and quality control expectations of PSA, only to have two thirds of their profits taken away without any warning. It's like a stock market crash for those who submit cards for grading. Poof, the value of your items are now a third of what they would have been overnight.

[chiefsncards275]

Originally Posted by trmpetyjo

They primed the market for a BGS take over. If BGS is smart enough to do it, they can get a ton of business and come out as the premier grading company. Not sure if they are, but when a company like PSA hammers every single submission with no warning out of the blue like they have recently people start looking at BGS, or at least the consistency of BGS.

Imagine the money and time people have spent learning the submission standards and quality control expectations of PSA, only to have two thirds of their profits taken away without any warning. It's like a stock market crash for those who submit cards for grading. Poof, the value of your items are now a third of what they would have been overnight.

I see what you’re getting at but even psa 9s are going to increase the value of the card significantly in most cases.


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[3124508 on COMC]

Originally Posted by trmpetyjo

They primed the market for a BGS take over. If BGS is smart enough to do it, they can get a ton of business and come out as the premier grading company. Not sure if they are, but when a company like PSA hammers every single submission with no warning out of the blue like they have recently people start looking at BGS, or at least the consistency of BGS.

Imagine the money and time people have spent learning the submission standards and quality control expectations of PSA, only to have two thirds of their profits taken away without any warning. It's like a stock market crash for those who submit cards for grading. Poof, the value of your items are now a third of what they would have been overnight.

The only thing BGS is consistent at is getting easier year after year. PSA is just playing Federal Reserve and trying to control supply. The problem for them is that they’re ratcheting up the value of PSA 10s. With so many being altered, they obviously feel comfortable about not having to pay out.

[trmpetyjo]

Originally Posted by chiefsncards275

I see what you’re getting at but even psa 9s are going to increase the value of the card significantly in most cases.


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I agree with you Psa 9 values are going to rise. But if the Psa 9 value rises, then the BGS 9.5 rises too doesn't it? As it stands currently a BGS 9.5 card will sell between 25% to 50% more than a PSA 9. Are people going to just stop paying more for a BGS Gem Mint card because Psa made it harder to get a Gem mint grade? I don't think so personally. I think the only thing PSA is going to do is drive many many of there repeat customers to send BGS their submissions going forward. Maybe I am wrong, but strictly from a numbers stand point, why would I send a card to Psa knowing it will get a 9 grade, when I can send the same card to BGS, get a 9.5 and sell if for more than the PSA 9 grade?

Collectors really like the word "Gem" in front of "mint" on their slabs. It holds value to them, and they will probably always be willing to pay more for it even if it is just a small percentage above a PSA 9 grade

[Southpas2013]

Originally Posted by trmpetyjo

They primed the market for a BGS take over. If BGS is smart enough to do it, they can get a ton of business and come out as the premier grading company. Not sure if they are, but when a company like PSA hammers every single submission with no warning out of the blue like they have recently people start looking at BGS, or at least the consistency of BGS.

Imagine the money and time people have spent learning the submission standards and quality control expectations of PSA, only to have two thirds of their profits taken away without any warning. It's like a stock market crash for those who submit cards for grading. Poof, the value of your items are now a third of what they would have been overnight.

I had shift 99.9% of my grading order to BGS in the last 4 months - present.

I just have experienced a much more fair grade of the cards, meeting my expectations (except for a couple orders) after inspection and lots of grading experience.

Personally I think if a card is a GEM, then it should be awarded the grade regardless of value, player, year, etc. (it's like a card prejudice)

BGS has just been closer to actual grades, in my personal opinion during this time.

[Thor0]

Trmpetyjo- That's an excellent point I hadn't thought much about, but you're right. To me, it's similar to the people saying, "Why would you grade with SGC if you have to wait the same amount of time as PSA, but the resale is 50% less?". Why submit to a company that's more than likely going to give you a 9, even if the card is in gem mint condition?

I get that a PSA 10 sells for more than a BGS 9.5 and SGC 10, but that's assuming you GET a PSA 10 and that's not as easy as people think it is anymore.

Southpas2013- I'm hearing more and more people say the same thing and can't blame them.

*I also want to say this before I get yelled at, lol, but: I have/do/will (maybe) grade with PSA/BGS/SGC. I think different cards dictate which company to use, so I am in no way an advocate over using this company over that company.

Each company has good points and each company has bad points.