What to do now
 

So as I’m sure people know by now PSA took away the economy grading. So now I’m torn. I have a bunch of cards worth $100-$200 after grading that I was going to send 20 day for $25. Now with psa new rules I don’t think it’s worth sending for $60 per card. However I don’t know if waiting 6 months for the new bulk submission is worth it either. I was hoping y’all could help me decide what to do? Maybe I send to Beckett or sgc now? This really sucks!

Unfortunately, I think you just submit and wait. It will do no good to send to SGC. They are already taking 4 months minimum for turnaround time. They are currently finishing up end of May beginning of June submissions. All this means is that people are going to pivot and send those Economy cards to SGC and their turnaround times are just going to get longer until they do exactly what PSA is doing.

Anything under ~$250 that isn't going to depreciate over 6-9 months I send bulk.

Group sub is the other option. I've never done it... but they still get the Economy grading.

Why not just cross your fingers and hope they implement economy again soon?

This all but eliminates buy and graders for cards in the $125-$350 range which is a large portion of the hobby. Unless you want to do join a group submission, which I prefer not to do.

Hoping that PSA allows for expansion of authorized dealers.

I was on the phone with them this morning. The way I collect? I have no issues with any of these changes.

It hurts 2020 bulk pack rippers/flippers from crowding up the pipeline with endless base.
It makes 2020 boxes less valuable/more of a risk
Hopefully speeds up return times on my PC goals

Wins all around for me.

[QUOTE=imbluestreak23;16497673]This all but eliminates buy and graders for cards in the $125-$350 range which is a large portion of the hobby. Unless you want to do join a group submission, which I prefer not to do.

Hoping that PSA allows for expansion of authorized dealers.[/QUOTE]

I agree 100% with this. The question I have is does this impact in a negative way? I assume yes. It may raise the value of those cards because now it costs more to grade or takes longer? Idk. This doesn’t seem good though

Does this mean that graded cards will be worth even more now? Fewer people submitting. Graded cards become a bit more scarce.

What does this do for the “raw” market?


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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

[QUOTE=mbuch21;16497857]My top 10 quick takeaways:
1- [B]Number of low value submissions goes down because of the added expense / wait / hassle[/B]
2- Therefore number of future base submitted goes down, essentially freezing graded pops, making existing graded base more valuable
3- [B]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.[/B] 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- [B]Plan to use the 6 month option and hold lower priced cards for a longer period; flipping goes down[/B]
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- [B]In the long run the PSA backlog goes down and turnaround times get shorter[/B]
10- BGS and SGC will probably have a strategic counter involving a price or structure change in the near future[/QUOTE]

Agree on the bolded aboveAND I think these are all positives.

I grade base cards for my PC and can afford to keep going BUT I don't send 100 of the same card of a new prospect. All of this is perfect for me.

The flipping thing I find kind of gross and is affecting my collecting habits, so I'm happy to see it take a hit.

Got a couple hundred that need grading.

My plan is looking to spring 2021 thru 2022/23 so time is not an issue.

Screwed myself out of several hundred by fiddling around and not sending in a bulk order.

I am only buying graded from this point forward.

Let the others take the risk an aggravation.