Author Topic: WP Forum PSA Thread  (Read 26368 times)

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Offline faustxxx

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Re: WP Forum PSA Thread
« Reply #315 on: February 02, 2021, 01:17:10 PM »
     Anyone looking for these PSA graded stickers?:   67 De-Mented 6 $75, 2nd Blecch 8 $40, 3rd Neveready 8 $40, 4th Grazin' Bran 8 $40, 5th Stiffords 8 $40, 5th Plop Sikle 8 $40, 13th Battle Ball 8 $75   PM me or email me   faustxxx@cox.net

Offline Paul_Maul

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Re: WP Forum PSA Thread
« Reply #316 on: March 01, 2021, 06:25:07 AM »
It’s pretty much over for submitting to PSA for the foreseeable future.

We have gone from specials five years ago with pricing of $5 per card and a 45 day turnaround (often completed much faster) to the current debacle: cheapest pricing of $20 per card (for “value” submissions that take six months to finish) and “regular” pricing of $100 per card! Out of control!

Here is the new pricing scheme:


Offline jleonard1967

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Re: WP Forum PSA Thread
« Reply #317 on: March 01, 2021, 09:16:48 AM »
It is priority pricing.  I agree with your assessment,  this is going to hurt registry collectors.  People will still send in PSA lottery cards (Marvel cards and pokeman come to mind).  I hope that the pricing comes down, however if you have a supply of 9 months backlog and it is not stopping, I would also keep raising the price.   It will also open the door to a new company if the quality of the new card is good.  CGC who does comics introduced a new card grading system.  Right now it does mostly pokemon cards, but I would be willing to try other cards.  I do hope the prices level lower but with the modern cards  blowing everything away, i just don't see it.

Offline NationalSpittoon

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Re: WP Forum PSA Thread
« Reply #318 on: March 01, 2021, 10:58:33 AM »
I saw this as well. Maybe if everyone actually stops grading their cards, the correct changes will be made!

Offline bandaches

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Re: WP Forum PSA Thread
« Reply #319 on: March 01, 2021, 02:01:09 PM »
It is priority pricing.  I agree with your assessment,  this is going to hurt registry collectors.  People will still send in PSA lottery cards (Marvel cards and pokeman come to mind).  I hope that the pricing comes down, however if you have a supply of 9 months backlog and it is not stopping, I would also keep raising the price.   It will also open the door to a new company if the quality of the new card is good.  CGC who does comics introduced a new card grading system.  Right now it does mostly pokemon cards, but I would be willing to try other cards.  I do hope the prices level lower but with the modern cards  blowing everything away, i just don't see it.
I think they have gone for a whole new model of high margins and fewer slabs. I doubt their 9 month backlog is the same number of cards being graded as any previous 9 month period.
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Offline Yubum

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Re: WP Forum PSA Thread
« Reply #320 on: March 01, 2021, 02:25:13 PM »
I actually made up a Value submission last week but held off on shipping because there was one more card I decided to add at the last minute. Looks like I won't be adding - or shipping - any cards now.

There can't be any way this works out well for PSA - I would bet this dramatic (double!) increase in pricing not only reduces their submission volume by more than half but also drives many, many of their customers to the competition.

On the value level, no one is going to pay $20 to have, for example, a 1972 hockey, football or baseball card graded when PSA 8 commons regularly sell for that or less. And I can't see many people wanting to pay $100 for a regular submission unless they are confident the card is going to sell for a minimum of $500. SMH.

Offline RawGoo

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Re: WP Forum PSA Thread
« Reply #321 on: March 01, 2021, 02:29:24 PM »
Insanity!!

Offline bandaches

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Re: WP Forum PSA Thread
« Reply #322 on: March 01, 2021, 03:59:12 PM »
I actually made up a Value submission last week but held off on shipping because there was one more card I decided to add at the last minute. Looks like I won't be adding - or shipping - any cards now.

There can't be any way this works out well for PSA - I would bet this dramatic (double!) increase in pricing not only reduces their submission volume by more than half but also drives many, many of their customers to the competition.

On the value level, no one is going to pay $20 to have, for example, a 1972 hockey, football or baseball card graded when PSA 8 commons regularly sell for that or less. And I can't see many people wanting to pay $100 for a regular submission unless they are confident the card is going to sell for a minimum of $500. SMH.
Actually it completely makes sense.  they can't possibly be making any money on $5 grading.  They can get rid of huge overhead in number of graders, go for higher margin on fewer slabs and try to make it look like PSA grading is really premium grading as opposed to now where it is just a massive saturation of cards.  Folks who want the "best collection" are still going to spend the money, watch and see.  I am sure PSA would rather make $100 grading one card than $100 grading 20 cards(plus 20 times the labor cost)
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Offline NationalSpittoon

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Re: WP Forum PSA Thread
« Reply #323 on: March 01, 2021, 04:58:35 PM »
Actually it completely makes sense.  they can't possibly be making any money on $5 grading.  They can get rid of huge overhead in number of graders, go for higher margin on fewer slabs and try to make it look like PSA grading is really premium grading as opposed to now where it is just a massive saturation of cards.  Folks who want the "best collection" are still going to spend the money, watch and see.  I am sure PSA would rather make $100 grading one card than $100 grading 20 cards(plus 20 times the labor cost)

Um, well the 1% are called such for a reason; and the other 99% of us find this not economical so no, I don't see too many of us sending cards in even though we want the "best collection".

Offline bandaches

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Re: WP Forum PSA Thread
« Reply #324 on: March 02, 2021, 06:33:59 AM »
Um, well the 1% are called such for a reason; and the other 99% of us find this not economical so no, I don't see too many of us sending cards in even though we want the "best collection".
Sardonic tone noted, don't shoot the messenger, I am giving you a business case for what PSA is doing.  you know I am not a fan of PSA and qualifiers and half point grades and the fact they are really grading eye appeal and not true centering....  Not for nothing but the average wacky pack collector with average spending is not trying to PSA grade his entire collection.....so 1% varies by discussion.  That collector who is a few cards away from being #1 is going to spend the money, watch and see.  PSA getting $300 from that person for 3 cards is more lucrative to them than getting $300 to grade 60 cards, paying for that much extra labor, and saturating the PSA graded card market.  Now the guy who spent $300 knows the chances his cards stay #1 is higher as the saturation of graded cards comes to a halt...PSA needs to flush out the backlog of cards they are on the hook to grade and move to a new model.
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Offline Yubum

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Re: WP Forum PSA Thread
« Reply #325 on: March 02, 2021, 07:44:52 AM »
Sardonic tone noted, don't shoot the messenger, I am giving you a business case for what PSA is doing.  you know I am not a fan of PSA and qualifiers and half point grades and the fact they are really grading eye appeal and not true centering....  Not for nothing but the average wacky pack collector with average spending is not trying to PSA grade his entire collection.....so 1% varies by discussion.  That collector who is a few cards away from being #1 is going to spend the money, watch and see.  PSA getting $300 from that person for 3 cards is more lucrative to them than getting $300 to grade 60 cards, paying for that much extra labor, and saturating the PSA graded card market.  Now the guy who spent $300 knows the chances his cards stay #1 is higher as the saturation of graded cards comes to a halt...PSA needs to flush out the backlog of cards they are on the hook to grade and move to a new model.

I understand the point you are trying to make, but just to clarify PSA had been charging $12 to grade a common card (from the Wacky era), not $5. The price has now nearly doubled to $20 (though they have lowered the minimum cards submitted under that tier from 20 to 10).

I read online that PSA currently has a backlog of an estimated 9 MILLION cards to grade, with one customer alone submitting more than 400,000 cards. They have hired 125+ new graders to deal with the massive backlog but the pace of submissions has increased exponentially over the last few months and shows no sign of abating. So it sounds like the price increase is intended by PSA as a sort of firebreak to try to slow the firestorm of cards being submitted. Now they will just have to wait to see when the conflagration is finally stopped if it isn't actually their largest customer base they have extinguished instead.

Offline bandaches

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Re: WP Forum PSA Thread
« Reply #326 on: March 02, 2021, 08:46:34 AM »
I understand the point you are trying to make, but just to clarify PSA had been charging $12 to grade a common card (from the Wacky era), not $5. The price has now nearly doubled to $20 (though they have lowered the minimum cards submitted under that tier from 20 to 10).

I read online that PSA currently has a backlog of an estimated 9 MILLION cards to grade, with one customer alone submitting more than 400,000 cards. They have hired 125+ new graders to deal with the massive backlog but the pace of submissions has increased exponentially over the last few months and shows no sign of abating. So it sounds like the price increase is intended by PSA as a sort of firebreak to try to slow the firestorm of cards being submitted. Now they will just have to wait to see when the conflagration is finally stopped if it isn't actually their largest customer base they have extinguished instead.
I was responding to Dave's specific point about $5 deals.  Those deals will NEVER be offered again.  There is no reason for PSA to ever offer that again and they don't care about losing that population, low margin, makes the saturation even worse.  Seems more will join my overall disdain for PSA.
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Offline Liptorn

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Re: WP Forum PSA Thread
« Reply #327 on: March 02, 2021, 04:05:28 PM »
PSA has always had a poor attitude towards customers where
they feel we need them more than they need us.
They couldn't care less if they ever grade another Wacky again
when they have millions of Pokemon, Jordan, Kobe, Lebron cards
to grade at full price.

Offline jeffcaff

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Re: WP Forum PSA Thread
« Reply #328 on: March 02, 2021, 04:36:56 PM »
Easy decision.   Waiting 9 months and $20.00 per card for grading.  I will pass.   Thank you PSA for making my decision for me. 

Offline drono

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Re: WP Forum PSA Thread
« Reply #329 on: Today at 03:04:37 AM »
Maybe if everyone actually stops grading their cards

If this happened, wouldn't the world come to an end - not with a bang but a whimper.  Would we now have junk PSA?  I guess I just don't understand the entire PSA craze, just like I don't understand the need for more than one earring in each ear or tattoos all over someone's body.  If this is the end of the world as we know it, I'll feel fine.

Just so you know, that was sarcasm - all but the I'll feel fine.
« Last Edit: Today at 03:14:51 AM by drono »

 

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