Quote:
Originally Posted by mjohnatgt
You guys claiming that PSA is doing this to extort fail to remember that only like 20 of the thousands of 1993 SP Derek Jeters grade a 10. Since they now sell for $100K each, why isn't every 1993 SP Jeter grading a 10 yet? They could make millions in additional fees!!!
They are doing this because they are now on the hook for additional costs, nothing more, nothing less. It is not unethical. It is unethical to submit $2000+ cards for grading at bulk submission levels hoping that PSA doesn't notice.
Do you want them to charge every person who ever submits a 1986 Fleer Jordan at the tier for a PSA 10? Same with the 1993 SP Jeter? The market determines the market price, not PSA.
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I don’t think it’s that simple. What are the “additional costs” once these items are in a slab besides shipping insurance. I assume that PSA has some sort of umbrella insurance policy given the sheer volume of collectibles that roll through their facilities. Any given card, no matter the value likely has minimal impact on those costs.
Did they service this card in a express turnaround, consistent with the service charged for those express services, or do it on a bulk timeline and then try to charge more after graded? Did they do some “extra” diligence on the card to determine the grade. Insurance and shipping costs are likely to be higher, but no where near 1000, so it’s disingenuous to say it’s simply a cost reclamation.
Of course there is a limit to balancing the integrity of their grades and pricing. I don’t think anyone is implying psa 1s will end up gem mint, that would have far more damage to their brand than short term gains of the increased fees. But who is to say it doesn’t drive decisions between and 8/9 or a 9/10.
PSA does a lot to drive increases in prices across the board trough SMR, registry etc. - It’s good for the industry and good for them. I don’t agree that this particular card would be a bulk submission item, and It’s perfectly reasonable to charge more for faster service on higher value cards. But in my opinion trying to clawback fees after the grade is issued is bad practice. Had they contacted up front and said “we believe the value of this card warrants x tier, and we need those fees or won’t proceed with grading” that would make much more sense.
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