PSA charging collectors based on DECLARED VALUE is a beotch move - Fight me.

[Bronxbomma]

Originally Posted by asujbl

I have good news... Your flux capacitor works.

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[Bronxbomma]

Originally Posted by jw8

Guessing your new here...this is the way they've always done. Don't like it, there are other TPGs.

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No. Been around the block.

I’m here for the comments and viewpoints.


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[Bronxbomma]

Originally Posted by KhalDrogo

Hope you get banned already.

Keyboard warrior here




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[Bronxbomma]

Originally Posted by SupermanBrandon

1st day in the hobby?

Was 35 years ago. You?


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[Bronxbomma]

Originally Posted by psochaps

You have a choice!

Here 4 the comments and feed


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[Bronxbomma]

Originally Posted by mcgoo2

They claim that insurance is covered in the return shipping they charge. And obviously you are responsible for insuring the package en route to PSA. I have a hard time believing that it costs that much to insure the cards while it's in their possession. The real reason they charge that much is because they can.

Bingo. Say it loud.

Someone who didn’t lie about his 1400 SATs.

PSA does it because they can not because they need.
They want their finger in the pie and up your pie as well.


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[kyle1707]

It turns 100 dollar Justin Herbert prizm

Into a 1000 Psa 10. For example

Psa is smart raise prices. The value is crazy they give

They are so backed up with 1000.. 2020 Kevin Durant prizm base cards

I don’t blame Psa for any prices

[chezball]

Originally Posted by KhalDrogo

Hope you get banned already.

Another thread promoting that scammer.

[Bronxbomma]

Originally Posted by ucLAkers

When I saw the title of the thread I thought I was gonna see a 2007 timestamp bump....

Lol. You have a better topic? Let’s discuss it.


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[Bronxbomma]

Originally Posted by sickmantz

And? I've been lamenting it since the first day I knew of it. You like it?

It's a total scam. 95% of their pricing structure is meant to take a cut of every card they grade. The other 5% is service-oriented.

Bingo.


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[Bronxbomma]

Originally Posted by SupermanBrandon

I hear GMA/HGA is accepting submissions. You have a choice when spending YOUR money.

It’s not about choices. We all have choices mate.
I send to everyone..spread the wealth.


It’s about transparency and business tact. So your company think my SP Jeter is a 10 but want to charge me $10,000 to say it’s a 10? You are basically telling me “wash your back and we will wash yours.”

That is a not a customer centric business model, it’s a corporate tactic to balloon bottom lines.


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[Bronxbomma]

Originally Posted by 1989FF

I like a good fight....

Kinda like how sellers offering free shipping. It's not free. It's built in the price. Do not matter what they say the fee is for this or that. Your bottom line total cost is all that matters.

Grow up and pay what they're asking or don't.

'Merica.

Absolutely. It’s kind of like pricing on these third party sites such as my slabs. Sellers list their product at a 20-30 point markup above eBay pricing (maybe they do it not to sell but just to showcase their assets).

Sellers want to have their cake, eat it too, bake another one,say the icing is on the house, and then say they never had dessert.


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[Bronxbomma]

Originally Posted by GatorPie

Agreed. The "insurance" thing is total nonsense. But hey, if they can get it, more power to them. Supply and demand and all that.

True. That why competition is exceptionally healthy. We have only begin to see the rise of grading companies and hobby disruption. PSA buyout was just the beginning.


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[pewe]

Originally Posted by val47

I was under the impression that you have to be accurate on the price of the cards as if they were going to be slabbed as a 10, regardless of condition

The grading forum would be a good spot to get accurate feedback, but I’ve heard some folks use their raw card price, or for contemporary cards a PSA 9... I imagine for vintage you’d probably just use the raw price? As you have no idea what it grades to

And PSA up charges you if you do better than your estimated value


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[Bronxbomma]

Originally Posted by mikejones

Been slow today. We needed this.

It’s just a convo. People are getting hot. If it’s hot where it’s cooking, the living room is around the corner, they can go sit down.


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[rcmb3220]

I thought the extra cost was for their guarantee? You know the one they are good for on one out every 1000 altered cards.

[mcwildcats]

Originally Posted by pewe

The grading forum would be a good spot to get accurate feedback, but I’ve heard some folks use their raw card price, or for contemporary cards a PSA 9... I imagine for vintage you’d probably just use the raw price? As you have no idea what it grades to

And PSA up charges you if you do better than your estimated value


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Thanks, this is on topic with what I was wondering as well. I need to grade a bunch of stuff and will probably just go off PSA 9 completed auctions. Makes no sense to me to go off of PSA 10 and be charged a higher price given I doubt they will refund you if it grades lower.

[Bronxbomma]

Originally Posted by HarryLime

You want the guy with 20 years experience grading your Mantle or the new guy who has only banged out a bulk sub of '88 Donruss so far?

Arthur

Arthur,

I choose my battles in grading and employ different companies based on product and financials. From 1993-2000, I was using PSA but loved BGS as well.

However, with this current boom, I doubt James Beckett will sit around twiddling his thumbs after seeing Goldin and PSA absorb investment capital. He is a savvy man, a statistician, and has singlehandedly built that company from the ground up. Before PSA was gassed and hyped up by social media and hobby influencers in z 2020 (not before that), BGS was still a strong presence in the room. PSA was a value brand with hobby enthusiasts. What really brought PSA into the investment limelight ( in succession) was the T206 Gretzky transaction, the 311 Mantle transactions, the 93 SP Jeter 5 figure sales, and now the 86 Fleer atomic bomb which has explode don the hobby landscape.


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[Bronxbomma]

Originally Posted by ucLAkers

I only buy from sellers that have the words PSA-10/Invest in the title & with $4.20 shipping...

Sometimes I even look for PWCC Vault listings that have $420.00 shipping...win win

Lol


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[Bronxbomma]

Originally Posted by IgnatiusJReilly

I find it extremely annoying when people end what they believe to be a "hot take" with "fight me" or "I'll wait". I would advocate for immediate ban!

Sorry it bothers you.

Move to the next thread.


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[pewe]

Originally Posted by Bronxbomma

It’s not about choices. We all have choices mate.
I send to everyone..spread the wealth.


It’s about transparency and business tact. So your company think my SP Jeter is a 10 but want to charge me $10,000 to say it’s a 10? You are basically telling me “wash your back and we will wash yours.”

That is a not a customer centric business model, it’s a corporate tactic to balloon bottom lines.


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What do you think would be a more fair way for them to set their prices, and participate appropriately in the value that they create for you?


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[Bronxbomma]

Originally Posted by pewe

Everybody else seems to understand what your fury is over... but I’m confused.

What bothers you about PSA earning a fair share of the value they create for you?

And when you say “declared value”, you set that. So unless PSA up charges you, you can set your insurance level at whatever price and return pace you want.


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I understand your point sir. But DECLARED VALUE is subjective. When PSA asks me to set declared value, they are asking me to GRADE MY OWN card...objectively. Furthermore, they want it to fall under a certain price range so that it reflects fair market value. There is an inherent problem with this as eBay and 3rd parties aren’t the only place cards change hands. Millions change hand in private sales outside of these markets as people’s will to raise capital or need to sell. Those might be outliers but they have to fit into the equation. Let’s not even talk about shill bidding. That is a. taboo subject in these positively skewed threads.


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[pewe]

Originally Posted by Bronxbomma

Arthur,

I choose my battles in grading and employ different companies based on product and financials. From 1993-2000, I was using PSA but loved BGS as well.

However, with this current boom, I doubt James Beckett will sit around twiddling his thumbs after seeing Goldin and PSA absorb investment capital. He is a savvy man, a statistician, and has singlehandedly built that company from the ground up. Before PSA was gassed and hyped up by social media and hobby influencers in z 2020 (not before that), BGS was still a strong presence in the room. PSA was a value brand with hobby enthusiasts. What really brought PSA into the investment limelight ( in succession) was the T206 Gretzky transaction, the 311 Mantle transactions, the 93 SP Jeter 5 figure sales, and now the 86 Fleer atomic bomb which has explode don the hobby landscape.


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James Beckett sold to PE back in 2005, and then Beckett Media changed hands again in 2008 when the financial crisis crushed hobby demand and grading industry... these guys own them: https://www.globalgrowth.com


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[Bronxbomma]

Originally Posted by pewe

Everybody else seems to understand what your fury is over... but I’m confused.

What bothers you about PSA earning a fair share of the value they create for you?

And when you say “declared value”, you set that. So unless PSA up charges you, you can set your insurance level at whatever price and return pace you want.


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Simple. I think charging to grade the card (whatever the price tier may be) is fair.

Declared value should be a mute point as it can be SUBJECTIVE and not reflective of a healthy market.


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[Chrominator]

Originally Posted by mcwildcats

Total newb when it comes to grading. What do you all base your declared value on? Do you assume the card grades a PSA 9 or 10? I assume it's better to just base it off of PSA 9 value because if you declare based on PSA 10 value, I would assume if the card grades a PSA 9 that PSA won't refund the difference. Is that right? I understand if you base off of PSA 9 value and it comes back a 10 they will come back to you and charge you more.

Correct. A simple fusion of basic economics and psychological warfare.