What are the Odds PSA's Slow Processing Time Kills the Bull Market?

[asymmetricalbet]

I'm curious people's thoughts on this (to be clear, this thread is asking about the relationship between the PSA disaster and the bull market; I'm aware there is another thread documenting peoples authenticaiton issues). The authentication situation has gotten to the point where it is beyond embarrassing. How can PSA reps even show their face in public with a straight face and assure everyone return times are under control? They feel like they are turning into Beckett (yes, the ultimate insult). No responses, no customer service (how does ebay not have an out in their contract when it gets this ludicrous?). Can't 10x anything when if you bought something today, you'd be praying it arrives by Christmas. Especially when the reason for the delay is supposedly a company at the heart of the hobby ecosystem. Add to that the absurd wait times on non ebay auth submissions and it's just flat out shameful.This company has continually wet the bed on return times even after supposedly learning some type of lesson during COVID.

All that being considered, when do people be like "Yeah, f this, I'll come back in 6 months and see where we are at?" Waiting a month to get a card is just not enjoyable. If people aren't buying because they don't want to endure this, then when do we see a material impact on prices? Personally, unless the item is crazy rare, it's just not worth it to me to have something go to PSA for authentication.

Anyone else have thoughts as to when we see material market impact from this situation if at at all?

[hermanotarjeta]

It doesn’t matter.

People are willing to wait years as long as they can -

make money on it.

[mfw13]

Unless they see a drop in submission volume, they won't care.

The hobby is full of lemmings.....

[asujbl]

0.00%

[MavsRChamps]

"Kills" is a strong word ... Slows down? It definitely is and will, and there will be no way to measure that.

IF PSA increased workforce, improved their training to have more accurate graders, paid their graders more instead of the top 1% of the company being rich rich rich, had quicker turnaround time ... and IF Ebay Authenticity was quicker, more efficient process - The market would surely be flourishing more

Luckily I'm not in the buy & flip quick game cause a card is gonna tank in price. I mainly buy & flip kinda' slow (no new rookies). But I was flipping cards quick, I'd slow down my buying a ton.

[ninjacookies]

Nats timing the shutdown better than Russ Vought.


Remember: PSA upcharges according to current market value. They'll backlog orders for as long as the RSI indicators remain above 50.

[asujbl]

Originally Posted by MavsRChamps

"Kills" is a strong word ... Slows down? It definitely is and will, and there will be no way to measure that.

IF PSA increased workforce, improved their training to have more accurate graders, paid their graders more instead of the top 1% of the company being rich rich rich, had quicker turnaround time ... and IF Ebay Authenticity was quicker, more efficient process - The market would surely be flourishing more

Luckily I'm not in the buy & flip quick game cause a card is gonna tank in price. I mainly buy & flip kinda' slow (no new rookies). But I was flipping cards quick, I'd slow down my buying a ton.

This is always such a stupid post

You think Collectors Universe hasn’t thought of this?

You’re magically going to help them in the market? If they read this they would be better?

Laughable

[asymmetricalbet]

Originally Posted by asujbl

This is always such a stupid post

You think Collectors Universe hasn’t thought of this?

You’re magically going to help them in the market? If they read this they would be better?

Laughable

Well... I mean it's been five years of this now and they haven't figured it out yet... so... I think, given that history, smart money would be betting on them not being able to figure it out going forward either.

I think in reality they don't want to staff to current levels because they don't want to have to start cutting people in a downturn. I think they have assumed, eventually we get a slowdown and then they would be staffed appropriately. I'd venture to guess that in their mind, they view a smallish backlog as somewhat desirable (certainly not this nonsense though!) But it's been five years now and that major slowdown has yet to materialize.

[JohnnyHatesJazz]

This is more indicative of the mass supply of cards being printed now than PSA.

Blame the card manufacturer not the grading company.

[KhalDrogo]

Must suck to be financially dependent on a grading company.

[MavsRChamps]

Originally Posted by asujbl

This is always such a stupid post

You think Collectors Universe hasn’t thought of this?

You’re magically going to help them in the market? If they read this they would be better?

Laughable

I prob shouldn’t respond to such a rude post such as yours but what did I say that’s not true of the below points:

- Top 1% + of PSA is prioritizing their own salaries over paying the graders . Leads to more turnover and worst graders
- Countless stories / proof of inaccurate graders with PSA. You don’t think this is at all related to turnover or ineffective training?
- are you arguing that eBay authenticity is not slow right now? Seriously I don’t even know what you are calling stupid? That is a fact. Psa is not authenticating cards quick at all through eBay. For most cards this can literally be done in 10 seconds which makes this last criticism 10000% valid. Heck they can hire some random Joe from street to open packages and package after psa insists the card. So we are very literally looking at under 1 minute per card a psa employee has to work to authenticate these eBay purchases. There is zero excuses to have delays. They just don’t care and/or have terrible processes .

I know you’ll respond in some childish way and/or straw man me into saying something I didn’t. But amuse me.

[asymmetricalbet]

Originally Posted by KhalDrogo

Must suck to be financially dependent on a grading company.

Just said a prayer for those who exist in your orbit, if there are any at all. I imagine it is not easy for them.

[KhalDrogo]

Originally Posted by asymmetricalbet

Just said a prayer for those who exist in your orbit, if there are any at all. I imagine it is not easy for them.

It’s about 0.5% of the US households. I appreciate your prayers for continued financial growth.

[KhalDrogo]

Originally Posted by MavsRChamps

Top 1% + of PSA is prioritizing their own salaries over paying the graders . Leads to more turnover and worst graders

Oof. Such a confident, yet terrible take. The top is prioritizing streams of revenue for the soon to happen Collectors IPO. Whatever salary Nat and company are taking is a rounding error.

[SouthEastCards]

Originally Posted by KhalDrogo

Must suck to be financially dependent on a grading company.

I cant imagine many are these days as the PSA 9 is almost base card value but the main backlog is Pokemon and TCG at the receiving point for the lowest tiers.

[asujbl]

Originally Posted by MavsRChamps

I prob shouldn’t respond to such a rude post such as yours but what did I say that’s not true of the below points:

- Top 1% + of PSA is prioritizing their own salaries over paying the graders . Leads to more turnover and worst graders
- Countless stories / proof of inaccurate graders with PSA. You don’t think this is at all related to turnover or ineffective training?
- are you arguing that eBay authenticity is not slow right now? Seriously I don’t even know what you are calling stupid? That is a fact. Psa is not authenticating cards quick at all through eBay. For most cards this can literally be done in 10 seconds which makes this last criticism 10000% valid. Heck they can hire some random Joe from street to open packages and package after psa insists the card. So we are very literally looking at under 1 minute per card a psa employee has to work to authenticate these eBay purchases. There is zero excuses to have delays. They just don’t care and/or have terrible processes .

I know you’ll respond in some childish way and/or straw man me into saying something I didn’t. But amuse me.

All of this is might be true. That has nothing to do with my comment

PSA knows this. That’s what I said

So acting like you had some wild idea for them to fix stuff is what I commented on. Everything you said they already know. They have known. They will know

Nothing more. Nothing less

[asujbl]

Originally Posted by asymmetricalbet

Well... I mean it's been five years of this now and they haven't figured it out yet... so... I think, given that history, smart money would be betting on them not being able to figure it out going forward either.

I think in reality they don't want to staff to current levels because they don't want to have to start cutting people in a downturn. I think they have assumed, eventually we get a slowdown and then they would be staffed appropriately. I'd venture to guess that in their mind, they view a smallish backlog as somewhat desirable (certainly not this nonsense though!) But it's been five years now and that major slowdown has yet to materialize.

Not caring and not figuring it out are two wildly different things

They have it figured out. It’s whether they choose to implement anything

[Gary]

Originally Posted by mfw13

Unless they see a drop in submission volume, they won't care.

The hobby is full of lemmings.....

This exactly,anyone who doesn't understand this is in denial.

[boxbuster7]

we're in a bull market?

[mfw13]

Originally Posted by boxbuster7

we're in a bull market?

In terms of real-life assets, yes.

Stock market is at/near all-time highs.
Gold is at/near all-time highs.
Crypto is at/near all-time highs.

If you have any money invested in just about anything, its value is likely within 10% of its peak.

[boxbuster7]

Originally Posted by mfw13

In terms of real-life assets, yes.

Stock market is at/near all-time highs.
Gold is at/near all-time highs.
Crypto is at/near all-time highs.

If you have any money invested in just about anything, its value is likely within 10% of its peak.

I was responding about the card market because this is a sports card forum