PSA just announced new pricing, declared values, turnaround times starting for 2024.

[uminnesota]

PSA just announced new pricing, turnaround times and declared values starting for 2024.

https://www.psacard.com/services/tradingcardgrading

https://www.youtube.com/watch?v=56Wlbeiy7_g

[metsandweezer]

Still $19 though.

[oddstuff]

Prices are still too high for where the market condition is at currently.

[KhalDrogo]

Originally Posted by oddstuff

Prices are still too high for where the market condition is at currently.

Hard to see how that’s true when they’re doing 1.2M cards a month right now.

[imbluestreak23]

$19 to $18.99 for 95-99% of the market.

Gonna have to keep waiting for good specials like the January one.

[oddstuff]

Time will tell if sub volume will remain high and carry PSA's current pricing asked (with the offer of a quick turnaround time at current prices). Quicker turnaround suggests to me at least they are preparing for a slow down in submission volume despite seemingly strong submission data last year. I can see higher value cards will still be submitted...where they will be hurting is the lower end stuff that are submitted in higher volume typically. New TCG stuff have been weakening and there's gotta be only so much older TCG stuff sitting around that haven't been graded yet. PSA is trying to get ahead and build up a lot of pending inventory to keep their well oiled machine cranking along for this year. If things were still cranking along business as usual, they would have no reason to offer anything cheaper or turn cards around any faster. The economic effects of covid is in final stages but the economy is still going through the tail end of inflation shrinking measures. Whether a lot of hobby dollars come from tech workers remains to be seen as tech companies are doing one final big push in reducing personnel to make their bottom line numbers look good for stock holders this year. If more "specials/deals" start to be offered by competing TPGs, that's another sign of preparation for a bigger slow down this year. More power to those of you able to source quality inventory that will be snapped up no matter what the economic conditions. For those that swim in the shallower end, I believe the current pricing is leading to a reduction in sub volume.

[KhalDrogo]

At some point things will turn. I wouldn’t have believed it if you told me at the end of 2022 that PSA would do 13.5M in 2023, up from 11.2M in 2022. The volume is astounding.

[imbluestreak23]

Actually, this might be more significant than I thought. Wasn't the DV previously up to $299 for $19? It now appears to be $500 which is pretty awesome.

Higher incentive to send in higher $$ cards as PSA extracts a smaller % of SV

[oddstuff]

I don't know the TCG market at all other than some newer stuff I track...as well as the gemrate data. IF there is still a lot of older TCG worth grading at current pricing, then the sub volume can be maintained. I don't understand TCG either as as sports guy...but there's buyers out there willing to shell out good money for cards where the demand is solely based on the art work and to some extent scarcity. I guess that's what it is...an art collectible that has nothing to do with player performance. The TCG market is the wildcard to me in terms of this year's pricing. PSA loves TCG because a lot less variables in grading to consider I believe...so their graders can grade a lot more compared to modern sports and vintage sports. Which will happen first...TCG market goes south big time and takes sub volume with it...or the economy finally reaches the very bottom and begins the upward climb with more people having disposable income for graded collectibles sometime this year?

[mnvikingstwins]

Originally Posted by imbluestreak23

Actually, this might be more significant than I thought. Wasn't the DV previously up to $299 for $19? It now appears to be $500 which is pretty awesome.

Higher incentive to send in higher $$ cards as PSA extracts a smaller % of SV

No had a $19 value bulk sent 12/5 with DVs up to $500

[Archangel1775]

Originally Posted by metsandweezer

Still $19 though.

Special just advertised, Baseball 1993-present $15.99 for Collectors Club Members. Still a solid price

[Wisztradamous]

$19/card can be good and bad given the shortened turnaround time.

If PSA dropped down to $15/card, that would increase subs again, and longer turnaround times.

Although, during the past couple months they've had some good subs and the turnaround time was pretty damn good. Hopefully they can keep up with that; my most recent two subs have slowed dramatically at the end of the month.

[gododgersfan]

I did a TCG bulk and value in December and received both subs back within 6 weeks. I am still submitting, but at 10 and 7 cards and not 70 and 150 plus.

[uminnesota]

On April 20th, the annual fee for Collectors Club Members will increase fro $99 to $149

[rentz]

Originally Posted by uminnesota

On April 20th, the annual fee for Collectors Club Members will increase fro $99 to $149

was just reading that mail, not sure its worth 150/yr for me

[parkus]

Originally Posted by uminnesota

On April 20th, the annual fee for Collectors Club Members will increase fro $99 to $149

They're so out of touch with reality. Most card prices have completely round tripped from where they were in 2019 to where they are today but PSA bulk grading fees are approximately double where they were pre-Covid (used to be $8 a card). I understand we may not get back to $8 a card but $10-$12 should be doable.

By keeping their prices high they're pilfering money out of the pockets of collectors and into PSA pockets. It makes no sense to grade a lot of cards at these prices, and now they want to raise the annual fee?

I miss the PSA that was publicly traded and cared about collectors. The current PSA only cares about $$ and it really irks me.

[KhalDrogo]

Pays for itself with the submission of 25 sports cards. Guess that’s okay. Will probably sub more than that this year.

[anusinha]

Originally Posted by parkus

They're so out of touch with reality. Most card prices have completely round tripped from where they were in 2019 to where they are today but PSA bulk grading fees are approximately double where they were pre-Covid (used to be $8 a card). I understand we may not get back to $8 a card but $10-$12 should be doable.

By keeping their prices high they're pilfering money out of the pockets of collectors and into PSA pockets. It makes no sense to grade a lot of cards at these prices, and now they want to raise the annual fee?

I miss the PSA that was publicly traded and cared about collectors. The current PSA only cares about $$ and it really irks me.

and yet...... they are still getting 1.2 million cards a month. The TCG boom really bailed them out

[parkus]

Originally Posted by anusinha

and yet...... they are still getting 1.2 million cards a month. The TCG boom really bailed them out

The TCG boom is screwing sports card collectors. Are TCG cards not showing the kind of price weakness that sports cards are?

[anusinha]

Originally Posted by parkus

The TCG boom is screwing sports card collectors. Are TCG cards not showing the kind of price weakness that sports cards are?

pokemon is weaker than before, but the cards are pretty high quality and usually grade well. It's not that hard to take a $5 card, $15 in grading, and sell it for 30-40. Do it 500 times a month and you have some spare fun money.

[inaka]

Membership going up +50%....

[inaka]

Just looked and it looks like the membership is already $149/year now for the Standard, but it still shows a Loupe credit.

[clocsta2323]

haven't graded in 8 months/bought off ebay, none of this makes sense to me. Will start back up when at least one single thing in this arena makes sense again

[FT35]

Originally Posted by parkus

They're so out of touch with reality. Most card prices have completely round tripped from where they were in 2019 to where they are today but PSA bulk grading fees are approximately double where they were pre-Covid (used to be $8 a card). I understand we may not get back to $8 a card but $10-$12 should be doable.

By keeping their prices high they're pilfering money out of the pockets of collectors and into PSA pockets. It makes no sense to grade a lot of cards at these prices, and now they want to raise the annual fee?

I miss the PSA that was publicly traded and cared about collectors. The current PSA only cares about $$ and it really irks me.

Agree. With the membership price increase, we should at least see regular $14/ bulk pricing with occasional $12 member-only specials.

Leaving bulk at $19…yes…”Special BULK Pricing” @ $19/card…SMH…AND raising the member price to even get that pricing is a major let down. They are following the Beckett model of keeping prices high for those willing to pay it. That eventually cost BGS their customer base. People left that model for PSA’s $10-12/card. That same base will follow that price point somewhere else. Their show pricing is also outrageous. It won’t happen overnight—it will be a slow fade.

[Wisztradamous]

Originally Posted by parkus

They're so out of touch with reality. Most card prices have completely round tripped from where they were in 2019 to where they are today but PSA bulk grading fees are approximately double where they were pre-Covid (used to be $8 a card). I understand we may not get back to $8 a card but $10-$12 should be doable.

By keeping their prices high they're pilfering money out of the pockets of collectors and into PSA pockets. It makes no sense to grade a lot of cards at these prices, and now they want to raise the annual fee?

I miss the PSA that was publicly traded and cared about collectors. The current PSA only cares about $$ and it really irks me.

That would be great, but then many more lower end cards would get graded at those numbers and much longer turnaround times. Unless they could figure out a way to deter those types of submissions.