PSA changed prices
 

I think everyone knew this was coming. PSA updated their prices this morning.

Value ultra modern: Was $15, now $25. Maximum value increased from $199 to $499

Regular: $100 per card

Express: Was $75, now $150

Super Express: Was $200, now $300

[url]https://www.psacard.com/pricing[/url]

Already multiple threads...

[QUOTE=psochaps;17054987]Already multiple threads...[/QUOTE]

Where? In the basketball forum?

Such a valuable resource on Blowout ---> [url]https://www.blowoutforums.com/search.php?searchid=42143524[/url]

WHY THE F would I pay $150 for something that wont come back fast and be affected by turnaround times. I am so done with PSA

[QUOTE=ACCDADEAL;17055052]WHY THE F would I pay $150 for something that wont come back fast and be affected by turnaround times. I am so done with PSA[/QUOTE]

Good. Nothing personal, but I hope the price increase helps to get rid of most of the base card flippers. I wish they would have tripled the prices.

[QUOTE=ACCDADEAL;17055052]WHY THE F would I pay $150 for something that wont come back fast and be affected by turnaround times. I am so done with PSA[/QUOTE]

Because they can. Same reason Panini charges 10x+ MSRP for wax.

[QUOTE=RandyC;17055083]Good. Nothing personal, but I hope the price increase helps to get rid of most of the base card flippers. I wish they would have tripled the prices.[/QUOTE]

I agree with this. Bulk subs of whatever base some dude pulls out of his last box needs to stop. Grading used to matter, now every card has pop reports through the roof. $50 starting fee would have been nice.

[QUOTE=RandyC;17055083]Good. Nothing personal, but I hope the price increase helps to get rid of most of the base card flippers. I wish they would have tripled the prices.[/QUOTE]

How you think I am a flipper? Been doing this for 30 years, rarely grade but the turnaround times suck for that price.

How do PSA determines the value of a card when charging for submission fees? Do they reference the most recent sale for that card?

[QUOTE=Blake050;17054982]I think everyone knew this was coming. PSA updated their prices this morning.

Value ultra modern: Was $15, now $25. Maximum value increased from $199 to $499

Regular: $100 per card

Express: Was $75, now $150

Super Express: Was $200, now $300

[url]https://www.psacard.com/pricing[/url][/QUOTE]



I hope this will finally get people to stop grading..............

[QUOTE=Totalpackage;17055120]How do PSA determines the value of a card when charging for submission fees? Do they reference the most recent sale for that card?[/QUOTE]

Pretty much. Some people send in subs at a certain price, a player's cards take off and next thing they know they owe PSA another $3k due to prices going up while cards are sitting in the PSA queue.

Nothing like waiting 3 months to get your stuff graded, then have to pay a few grand when your turn is up due to the slow processing times.

[QUOTE=DajuanWagner;17055121]I hope this will finally get people to stop grading..............[/QUOTE]

People will only stop grading when graded cards can't add extra values and there aren't anymore counterfeits out there. Since PSA 10s are so hot right now, people will continue send cards to PSA which is not a good sign for Beckett and SGC. However, PSA will increase their grading fees again if the other two companies get purchased or go out of business.

[QUOTE=notoriousrmb;17055124]Pretty much. Some people send in subs at a certain price, a player's cards take off and next thing they know they owe PSA another $3k due to prices going up while cards are sitting in the PSA queue.

Nothing like waiting 3 months to get your stuff graded, then have to pay a few grand when your turn is up due to the slow processing times.[/QUOTE]

This is why PSA 10s are out selling both BGS 9.5 and SGC 98 by so much which their price gap is getting bigger and bigger.

Poor turnaround times and higher prices. Don't imagine too many businesses can get away with that business model.

[QUOTE=notoriousrmb;17055124]Pretty much. Some people send in subs at a certain price, a player's cards take off and next thing they know they owe PSA another $3k due to prices going up while cards are sitting in the PSA queue.

Nothing like waiting 3 months to get your stuff graded, then have to pay a few grand when your turn is up due to the slow processing times.[/QUOTE]

The fault lies on the submitter 100%. 80% of the card that have clogged the system at PSA are ultra modern cards. Cards that do not need to be graded or there are simply too many of. There are people sending in 500 ct of base topps rc. WTF? Pop counts on some cards at 20,000 + within a less than a season of their sport.

Volume flipping is a game of a race to the bottom.

I have mixed feelings about their latest price increase. I do understand that as a business if others are making enormous profits off of your service, you're going to want to see a portion of that money. Honestly, it would be negligent for PSA to keep service rates for $5K cards at $25 or whatever it used to be pre-2018ish. Hell, I remember when you could sneak good cards in to a bulk submission for $7/card.

However, as a collector with an ever-growing PC in PSA slabs, it sucks. I started slabbing my PC back in 2015, not to increase the value of my collection, but because it made sense for me as an OCD-type who wanted it all in similar encasements. It was well worth it when I could get 20 cards slabbed at $7/each and spend $150 to do it. And that's what I would do - send 20 cards at a time in my LCS' group sub every few months. Now, the fees will be close in price to the card's value. Sure, I could keep them raw, but my entire collection is in PSA holders and my intent was to have it all encased in a similar fashion.

If this prevents flipperbois from subbing 100 Luka Prizms, though, I'm all for it. Probably won't though.

[QUOTE=Orangejello727;17055154]The fault lies on the submitter 100%. 80% of the card that have clogged the system at PSA are ultra modern cards. Cards that do not need to be graded or there are simply too many of. There are people sending in 500 ct of base topps rc. WTF? Pop counts on some cards at 20,000 + within a less than a season of their sport.

Volume flipping is a game of a race to the bottom.[/QUOTE]

What about all the 90s junk that's being subbed now..

[QUOTE=Blake050;17054982]I think everyone knew this was coming. PSA updated their prices this morning.

Value ultra modern: Was $15, now $25. Maximum value increased from $199 to $499

Regular: $100 per card

Express: Was $75, now $150

Super Express: Was $200, now $300

[url]https://www.psacard.com/pricing[/url][/QUOTE]

but what do you have to pay to actually get your cards back in the time PSA promises? :doh:

this is one way to control pop count...don't know what the future brings..with panini probably printing more prizm base and psa raising rates is the golden goose cooked?...but then again look at the crazy prices people are paying for numbered cards...

[QUOTE=k13;17055188]What about all the 90s junk that's being subbed now..[/QUOTE]

There are a lot of silly things being done right now. Ive noticed group submitters talking about how $1 base cards are being sent in Express. $75 to grade a common card? Makes no sense. If you spend $1 per card and $9 to grade an flip it for $15 min after fees and time and turn a profit of $1 or 2 per on a volume basis, you are doing nothing but clogging the system flooding the market. It ruins the ecosystem and balance within.

A price hike makes it harder to volume flip. It makes no sense and that is what PSA is doing. Volume submissions can easily lead to brand exhaustion and in no time that exhaustion can lead to no value brought forward by having a PSA slab. Essentially making PSA and their business irrelevant because they flooded the market with their own product at the paying customers will.

[QUOTE=Orangejello727;17055220]There are a lot of silly things being done right now. Ive noticed group submitters talking about how $1 base cards are being sent in Express. $75 to grade a common card? Makes no sense. If you spend $1 per card and $9 to grade an flip it for $15 min after fees and time and turn a profit of $1 or 2 per on a volume basis, you are doing nothing but clogging the system flooding the market. It ruins the ecosystem and balance within.

A price hike makes it harder to volume flip. It makes no sense and that is what PSA is doing. Volume submissions can easily lead to brand exhaustion and in no time that exhaustion can lead to no value brought forward by having a PSA slab. Essentially making PSA and their business irrelevant because they flooded the market with their own product at the paying customers will.[/QUOTE]

I agree. I think PSA is nervous about controlling volume. If every Tom, Dick, and Harry can sub Topps paper Kobe RC's for $25/each they end up killing its status with collectors. Now that it will cost $600 for you to grade it, why not send to BGS? You end up flooding BGS with submissions, continue to kill their brand, and your brand gets viewed as the elite-level TPG.

"To focus on the PSA backlog, the Crossover service has been suspended. We will make an announcement when the Crossover service returns."

Saw this on the website as well.

[QUOTE=2010GBPackers;17055260]I agree. I think PSA is nervous about controlling volume. If every Tom, Dick, and Harry can sub Topps paper Kobe RC's for $25/each they end up killing its status with collectors. Now that it will cost $600 for you to grade it, why not send to BGS? You end up flooding BGS with submissions, continue to kill their brand, and your brand gets viewed as the elite-level TPG.[/QUOTE]

Why would you pay $600 for a card that sells less raw?

It goes in the $499 value for $25 grading.
Not like it is getting a psa 10 for sure.

dang... I was about to send out some shipments. But I like the ultra modern change to DV of $499.