PSA Grading price increase

[Finest]

Originally Posted by OPCB

What are you charging for this level now?

It's $25 per now.

[Spacemanspif]

Originally Posted by jewcer2k5

$25 per card. We were raised $5 so we pass that along.

and with the 50 cent discount for personals, the amount of extra cost to have me send it all the way to NY just to have it shipped back to CA gets offset!

[oddstuff]

Originally Posted by imbluestreak23

Yes you can

DO NOT EDIT IT to add more cards. It will create a new submission with the new pricing.

My 57 card economy order went from $800 to almost $3000

Did you submit this order? With additional cards or cards you had on the form yesterday and you got yesterday's price?

Curious if anyone else had an existing submission form online from yesterday or older and whether you were able to ADD additional cards and still get the old price.

[Finest]

Originally Posted by oddstuff

Did you submit this order? With additional cards or cards you had on the form yesterday and you got yesterday's price?

Curious if anyone else had an existing submission form online from yesterday or older and whether you were able to ADD additional cards and still get the old price.

Nope if you add cards it gives you the new price with a new sub #.

[mbuch21]

My top 10 quick takeaways:
1- Number of low value submissions goes down because of the added expense / wait / hassle
2- Therefore number of future base submitted goes down, essentially freezing graded pops, making existing graded base more valuable
3- You need to be more certain that you will get the 10 grade for cards where it no longer pays to grade a 9. Discretion and certainty go up. Percentage of 10s in the pop goes up. Or threshold for achieving a 10 gets even higher.
4- Graded cards will trade at a higher spread above raw than they previously did because fewer of them exist
5- No impact on expensive cards that will be graded at a higher price tier anyway
6- Make sure you have a good dealer for bulk submissions
7- Plan to use the 6 month option and hold lower priced cards for a longer period; flipping goes down
8- Industry wide transaction volumes of graded cards drop (bad for eBay because now many of those cards will trade raw at a lower price point / commission to them)
9- In the long run the PSA backlog goes down and turnaround times get shorter
10- BGS and SGC will probably have a strategic counter involving a price or structure change in the near future

[oddstuff]

Originally Posted by Finest

Nope if you add cards it gives you the new price with a new sub #.

Thanks for the info!

[griffan15]

Originally Posted by epatmythes

The more I think about this today, the more I think this was actually GENIUS on PSA's part. Not the whole scope of changes, that's still TBD in my mind... but, rather the suspension of Economy service, but leaving it available to authorized dealers for $25/per, instead of $20/per!

The vast majority of organization and research falls on the dealers. People are forced to go the dealer route if they want that service, so that's exponentially less individual packages being delivered to PSA. Now, for $5 more, they can still get the same number of Economy cards submitted but have to process somewhere, roughly, between 10x-25x fewer packages. That, and their authorized dealers, if marketed correctly, get more business.

If you, and other dealers/group submitters, pull this off well... I could see where Economy never comes back... but rather, going through an authorized dealer for that level of service just becomes the new normal.

Not saying I'm in favor of it... but not saying I'd hate it, either!

Well I have received a LOT of emails today from locals who found me on the PSA directory. Them not having access to the $20 submissions is making me consider the group sub thing. I mean, people aren't going to stop sending these in, they just have to go through a dealer to do so.

[coltsfan23]

Originally Posted by epatmythes

The more I think about this today, the more I think this was actually GENIUS on PSA's part. Not the whole scope of changes, that's still TBD in my mind... but, rather the suspension of Economy service, but leaving it available to authorized dealers for $25/per, instead of $20/per!

The vast majority of organization and research falls on the dealers. People are forced to go the dealer route if they want that service, so that's exponentially less individual packages being delivered to PSA. Now, for $5 more, they can still get the same number of Economy cards submitted but have to process somewhere, roughly, between 10x-25x fewer packages. That, and their authorized dealers, if marketed correctly, get more business.

If you, and other dealers/group submitters, pull this off well... I could see where Economy never comes back... but rather, going through an authorized dealer for that level of service just becomes the new normal.

Not saying I'm in favor of it... but not saying I'd hate it, either!

This is key for PSA. Along with less packages comes in, dealers actually follow PSA's preferred standards, so PSA isn't spending time dealing with erroneous submissions or things that slow down their process.

I think this is the first time I've seen a third party grader openly advocate to use group submitters, but makes sense for what PSA is trying to do.

[coltsfan23]

The middle stock image PSA is using on their dealers group submission page is interesting.

[King44]

Originally Posted by coltsfan23

The middle stock image PSA is using on their dealers group submission page is interesting.

Bahaha I saw that earlier too. Nice Cracker Jack Joe Jackson 5? What’s with that? And the dealers are wearing suits. Lol.

[griffan15]

Originally Posted by coltsfan23

The middle stock image PSA is using on their dealers group submission page is interesting.

And the dealer is giving the middle finger...somewhat.

[imbluestreak23]

Originally Posted by oddstuff

Did you submit this order? With additional cards or cards you had on the form yesterday and you got yesterday's price?

Curious if anyone else had an existing submission form online from yesterday or older and whether you were able to ADD additional cards and still get the old price.

No I didn’t. Still waiting to ship. However by me editing the order, i believe it has now invalidated the old economy order. Editing creates a new submission number that defaults to the regular service level.

So my advice is anyone with a pending economy order that hasn’t shipped out and your thinking of going back and making edits...don’t

[NEOSportscards]

Some thoughts on all this nonsense, with a break down comparing the other two companies and if they are even viable after this change.


https://youtu.be/-CDd_4eyHA4

[5CentWaxPack]

Originally Posted by griffan15

Well I have received a LOT of emails today from locals who found me on the PSA directory. Them not having access to the $20 submissions is making me consider the group sub thing. I mean, people aren't going to stop sending these in, they just have to go through a dealer to do so.

In looking at the list of dealers I have to wonder how many of them are going to be excited by taking in submissions on behalf of collectors. Instead of PSA being backed up now they have pushed it off on their dealers who will have to set aside time and resources and have the added liability of being responsible for other peoples' valuables.

[Archie Stanton]

Ok, so, i have been working on a modern bulk sub for a few weeks, planned on finishing it up this weekend to ship Monday. It was actually started in their system in August. When adding cards to it now, it's showing 15$ a card, HOWEVER, when i go to the checkout page it's showing 12$ a card still. I haven't finished the order and printed the paperwork because i'm waiting on the last few cards to add, but does anyone know yet whether submissions like this will have the previous pricing honored or not?? I messaged PSA but you know how that is.

[Archie Stanton]

My take on all this, is that with the crazy boom over the last 6 months, you're got every casual collector, wanna be investor, and well, legit investors flooding them with endless bulk and economy subs, many newbies or people jumping on the bandwagon are getting every last Bol Bol Kendrick Nunn and base LeBron they can find submitted, and PSA is just trying to get everyone to chill the F out for a minute while they catch up. If you look at the population reports of some stuff it's just like... OH, THAT'S why PSA is so far behind.

[Archie Stanton]

I feel like a lot of people are spending 12$ to turn their 10$ cards into 25$ cards. (X100) And it's just clogging the system.

[CB Nostalgia]

Can anyone explain why PSA does pricing based on the secondary market value of your card post grade? I sent in a rare hockey rookie for grading and the there is a range of $350-$2500+ depending on if it comes back an 8,9 or 10. I am not a professional grader so I have no idea what the card will truly grade as but the final determination on price can be $20 or $100+?

Why does BGS charge a flat rate while PSA charges a wide variety of prices based on hypotheticals that you have no control over?

[mossoholic]

Can't believe I put off going over the cards I was going to send in this week by a few days. Had everything in on Tuesday and could have gotten it in before the changes. Now I spent thousands of dollars on a bunch of $60-$150 cards to get graded for nothing. Thanks for the middle finger, PSA.

[jewcer2k5]

Originally Posted by 5CentWaxPack

In looking at the list of dealers I have to wonder how many of them are going to be excited by taking in submissions on behalf of collectors. Instead of PSA being backed up now they have pushed it off on their dealers who will have to set aside time and resources and have the added liability of being responsible for other peoples' valuables.

I think they are gonna specify dealers that do take group submissions. You can also click websites and choose one that works for you. You can also contact any dealer there and ask them if it is something they do. All dealers listed there were asked if they wanted to be, they opted in. Don't feel bad for them.

Originally Posted by mossoholic

Can't believe I put off going over the cards I was going to send in this week by a few days. Had everything in on Tuesday and could have gotten it in before the changes. Now I spent thousands of dollars on a bunch of $60-$150 cards to get graded for nothing. Thanks for the middle finger, PSA.

Assume those were going to be bulk subs, is the $3 that much of a difference? Say they are PSA 10's, those $150 are $300+ most likely. If they are 9's you probably make some money.

If you were going to send Standard, is the $5 a deal breaker.

This is a mentality I am trying to figure out. Your model is your model, just curious of the actual impact on cards in that range.

[tmoore_25]

I asked this question earlier but never got a response. Have PSA turnaround times gotten better comparing January times to September times? I thought they use to be taking about 6+ months. From looking at Josh's website it looks as if they are now taking 4 to 6 months for Bulk submissions. It looks like it has gotten better. Am I right or what am I missing here?

Currently, SGC is taking at least 4 months. They are currently finishing up late May and Early June orders. If PSA's previous price increase and the shutdown have helped their turnaround times, then this price increase should further reduce them.

The other issue is what this is going to do for SGC? They will get more submissions in general, and their turnaround times are going to increase to the point where they are taking longer than PSA.

Does this not sound logical or will people simply not submit the crap cards because there is no value in SGC low end base?

[jewcer2k5]

Originally Posted by tmoore_25

I asked this question earlier but never got a response. Have PSA turnaround times gotten better comparing January times to September times? I thought they use to be taking about 6+ months. From looking at Josh's website it looks as if they are now taking 4 to 6 months for Bulk submissions. It looks like it has gotten better. Am I right or what am I missing here?

Currently, SGC is taking at least 4 months. They are currently finishing up late May and Early June orders. If PSA's previous price increase and the shutdown have helped their turnaround times, then this price increase should further reduce them.

The other issue is what this is going to do for SGC? They will get more submissions in general, and their turnaround times are going to increase to the point where they are taking longer than PSA.

Does this not sound logical or will people simply not submit the crap cards because there is no value in SGC low end base?

Id say that my time (and other group submissions) will always be faster than general public. We also have a new check in system which gets cards uploaded faster. I dont know how other orders are going but I think the oldest orders we have are from May at this point which isn't terrible.

People will start using SGC if they return cards faster and see the premium for the service. If turn around times are the same and PSA yields a much higher return the $5 cost shouldnt matter.

[KhalDrogo]

Originally Posted by jewcer2k5

People will start using SGC if they return cards faster and see the premium for the service. If turn around times are the same and PSA yields a much higher return the $5 cost shouldnt matter.

Luka Prizm PSA 10 - $1300
Luka Prizm SGC 10 - $700

Imagine choosing SGC for the faster turnaround time and cheaper cost.

[jewcer2k5]

Originally Posted by KhalDrogo

Luka Prizm PSA 10 - $1300
Luka Prizm SGC 10 - $700

Imagine choosing SGC for the faster turnaround time and cheaper cost.

Sorta my point and even on lower end cards, isn't the juice worth the squeeze?

[KhalDrogo]

Originally Posted by jewcer2k5

Sorta my point and even on lower end cards, isn't the juice worth the squeeze?

Yes. Yes. And yes.

Better yet, some claim SGC is a harsher grader than PSA (I disagree). So you’re going to pay a few bucks less to get back your cards that have lower grades on a confusing scale, and sell for significantly less in equal grade? Makes no sense.