I'm in the camp.... that BGS indeed did sell more than PSA for Modern years back. It was much closer with a BGS 9.5 being close to the close 10. Sometimes a PSA 10 would go for more or vice versa. Maybe a 10-15% price difference. Most "hardcore" collectors preferred the look for BGS for modern.
Fast forward to today.... i honestly do not get the hobby, and i really think it's just the lack of understanding about the hobby. Believe it or not... a PSA 10 can get a BGS 9.... and BGS 9 can get a PSA 10! It' VERY subjective that grader. I like that BGS gives subgrades, which you can easily see where if any flaws are. Most flaws in cards are very minor, as most cards submitted are "pack fresh". A PSA 10, SHOULD be really good... but from the ones i've purchased some have noticeable flaws. Gotta go with the grading company you trust. (If you want to grade) It's not like PSA 10 are that uncommon. It's not like a BGS 10. The main thing that boggles my mind, is a PSA 10 going to 2x-3X a BGS Gem mint. They need/want for that PSA 10 over the BGS 9.5 is nuts. At the end of the day, it doesn't really impact me, as i'm sticking with BGS and the cards i want are at a realistic price. Sounds like most "hardcore" collectors and PSA fans, prefer the case. I get that. Paying 2-3X over another gem mint...yikes.
I actually could see PSA eventually doing a Mint plus 9.5. There's quite a big difference between 8's , 9's and 10's In my opinion, BGS seems to categorize 8.5, 9.0, 9.5's and 10's the best, and is the most consistent. BGS 10, no flaws, BGS 9.5 Extremely minor flaw, but for the most unnoticeable, 9 1 minor flaw, 8.5 - 1-2 flaws.
From what i've seen with PSA: 10 -Extremely minor flaw to one flaw. 9 - One noticeable flaw and one minor. 8 - very noticeable flaws.
My rank in terms of grading flaws
BGS 10 & Black Label
PSA 10 & BGS 9.5 equal
BGS 9
PSA 9
BGS 8.5
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