PSA just suspended all new submissions below Super Express

[tmoore_25]

Originally Posted by Shaneacook1989

I'm hoping the opposite, that they come back to reasonable bulk/value pricing

As long as people are willing to pay current prices, PSA will never come down.

[PepperDean]

Originally Posted by tmoore_25

As long as people are willing to pay current prices, PSA will never come down.

Card Collector 2 (Ryan) thinks the minimum will be $50 when they return. Hard to call that price level "value;" if it jumps to $50, I think that means value is effectively gone.

[MavsRChamps]

Originally Posted by Philthy

There were rumors going around social media (that ended up being accurate) of an incoming price hike. Because of this, people submitted everything they could to try and beat the price hike. This caused the massive spike in submissions received by PSA.

Ah, I forgot my timeline on that - thanks. Was thinking that was before. Still pretty crazy they received that much then.

[Woodsy074]

Originally Posted by SupermanBrandon

If you pull a LeMelo Prizm Silver tomorrow that you know will PSA 10...what are you doing? Wait until July? Send to a different TPG?

Sell it raw. Never assume a 10 when submitting.

[hermanotarjeta]

Originally Posted by kykid4uk

People aren't really using their heads on this. This isn't going to affect graders at these service levels at all.

If you sent in a value order today, it's like early 2022 before you get them back at current turnaround times. If they take the next 3-6 months to catch up with no new submissions, that's going to improve turnaround times when they start back up.

Once they get caught up, it's likely that turnaround time will improve. Meaning that order you submit in 3-6 months will be returned in -- you guessed it -- early 2022.

So basically, the cards will be sitting at your house for the next 3-6 months, rather than sitting at PSA. But they'll end up in slabs -- if you so choose -- at about the same time.

The problem is, the turnaround time will NOT improve. In fact, for the bulk orders, it's going to get worse. Tens of millions of more cards will be backed up for submission and card companies have 50 more products to churn out over the next six months.

It's like they reduced a five lane traffic jam to one lane and told all the other commuters to stay at home. Problem is, when they open up the five lanes again in mid-2021, the number of commuters will be double.

They are creating a bottleneck effect cause the supply of cards can only continue to increase, they will NEVER catch up. Unless, of course, they regress into an inferior product and spend about 5 seconds per card or less.

[pete2345]

What a lousy company

[Spartyon]

Originally Posted by Ericc5Bears

Unpopular opinion: This is a terrible decision and here's why: Nobody with at least half a brain and even the slightest bit of patience is going to sell all their raw cards that they think are 9s/10s, they're just going to hold them and wait for grading submissions to re-open. So the second July 1st hits everybody and their mother is going to be dumping TONS of cards on PSA all at once. I truly believe that what caused this shutdown is that 5-7 day period like a month ago where it was leaked that they were going to raise prices, but the changes hadn't actually been implemented yet. That week literally shut down the Newport Beach USPS solely due to the flood of PSA submissions. What we're going to see the first week of grading re-opening is going to make that look like a walk in the park. Unless they find a way to drastically improve the speed of the entire grading process in these 3 months (unlikely) I just really don't see this doing much at all in the long term.

What if they introduce a lottery system, or limit submissions per person per week/quarter/etc

That’s how I would have managed the problem in the first place. Smooth out revenue stream in the process


Sent from my iPhone using Tapatalk

[redauto5]

Originally Posted by base set

Topps should just make a new parallel - the PSA 10. Redemption only, mailed straight from the factory. Cards encapsulated by a PSA robot taking the minty fresh cards straight off the cutting machine, analyzed by AI for production imperfections and if passed, never even touched by human hands. No more need for gimmicky $2 “hits” just so every box purchaser is a winner, just carefully controlled PSA 10 insertions.



After a few production cycles of these, they could just do away with all those base cards that just end up in the trash anyway, and packs could contain nothing but scratch offs to see which card the robots send you.



And after a few cycles of that, even packs would no longer be necessary. Just sign up with a Topps subscription and tap your screen to see what card # you get. Let’s all just optimize and cut to the “chase” here. Way too much fat can be trimmed from the current system.

Thou hast seen a future base set, but it is only partial. NFTs....nfts....nfts....sigh.

Sent from my SM-G991U using Tapatalk

[hermanotarjeta]

They simply need to charge $1000 per card for grading - that'll stop the clown submissions.

[KD35Russ0]

Originally Posted by reddragonthe

When Express Orders were $150 or whatever it was and they were STILL 2 months behind, it's time to revisit the process.

I also think it's funny this idea that slabs are going to go up immediately. I mean - they probably will because its 2020/2021 and EVERYTHING goes up. But the reason why PSA is stopping submissions is they probably have 18 months of stuff they could get through and produce slabs at the same rates they are today if they didn't take any more. So there are plenty of slabs still to come. We won't go hungry.

This ^^^^

I can't believe people think prices are going to go up because of this announcement. MAYBE for a couple of weeks, but this announcement only confirms the magnitude of the problem that we already knew....there are TONS of, especially super modern, cards that are about to be released back into the wild. Modern, in the short term, is in some trouble imo.

[pspa123]

It would not surprise me if the lower service tiers end up not getting restored, and this is step one in an effort to rebrand the company and take it away from the low dollar mass modern sub company it's largely become. Just speculation.

[andrewjjones]

my slabs have been flying off of ebay tonight. Assume this has to do with it?

[miscus555]

Originally Posted by Cards and 401K

and limit the numbers of cards per sub.

That’s not a bad idea. Since you have to create an account, give a certain amount of cards you can sub a month. Bulk will pretty much not exist anymore but it’s the world we are in right now. I’m sure people will make 100 accounts just to submit tons of cards per month but you’d also need 100 addresses also and 100 credit cards if people want to get sneaky

[SupermanBrandon]

Originally Posted by PepperDean

That card is going to be worth 1500-2000. You send that thing to PSA Super Express no question.

Originally Posted by GeechQuest

Spending $300.

Pepper and Geech...and what about his bass Prizm? Hold for July, Other TPGs, ???

Originally Posted by Woodsy074

Sell it raw. Never assume a 10 when submitting.

I always assume PSA 10...if I've evaluated and are sending them in. Im not 100% right, but Im right a lot more than Im wrong! Grading isn't rocket science.

[TyCobbCollector]

I couldn't agree more. Joe Orlando should have been let go years ago. This huge back log didn't just happen overnight. Orlando should have prepared for this years ago. They have been playing catch up for several years now and not adjusting to that demand has now created this mess.

Originally Posted by mfw13

No....you blame them for:

1) Not adjusting their pricing structure earlier so as to dis-incentivize the grading of low-value modern cards that have no business being slabbed.

2) Not placing limits on the number of cards any given individual can sub in a given time period

Managing order flow is a crucial part of any business....in most other industries, upper management (like Steve Sloan and Joe Orlando) would get fired for something like this.

How many times have you heard about other business shutting down for three months because they have far more orders than they can handle?

[JohnKimble]

I think Ultra Modern being it's own higher pricing tier is needed. I wouldn't be shocked if people busted a case of Topps Series 1 and sent in 100 cards from that.

[skillovermyluck]

Originally Posted by rohara99

BGS is already busy... still likely to get more submissions.
HGA is limiting submission, will get harder to get in line there I'd guess.
SGC.... RIP 2.0
CSG.... RIP 1.0

i 2nd this statement

[skillovermyluck]

Originally Posted by JohnKimble

I think Ultra Modern being it's own higher pricing tier is needed. I wouldn't be shocked if people busted a case of Topps Series 1 and sent in 100 cards from that.

pretty standard . i know me n friend did that with 2019 update !

[alphaomegas]

Originally Posted by jeff152380

This is great news and I think the correct action from PSA.
I have several orders ready to go, but Ill sacrifice the wait if when they open back up the times frames will be closer to normal.
If I had a bulk order to go out now and wait 12-14 months, Its not much different holding it for 3 months if they can cut the service time to 6-8 months when they accept orders again.

I agree 100% I was never going to send in value and wait 12-18 months back. This gives them time to up there facility, train there staff, and possible open up a new location in OHIO!!!

Once they come back I'll be fully loaded if I know i'll get my cards back in 3-4 months

[skillovermyluck]

Originally Posted by MavsRChamps

Can someone explain this with more context? - In the e-mail from PSA to all users: "I’ll try to further illustrate what has happened. The sheer volume of orders that PSA received in early March has fundamentally changed our ability to service the hobby. The reality is that we recently received more cards in three days than we did during the previous three months. Even after the surge, submissions continue at never-before-seen levels."

So randomly in March they got as much submissions in 3 days than in the 3 months before that? How is that even possible & what was so special about these 3 days - Was it like a couple bulk submitters who submitted hundreds of thousands of cards? Just hard to believe.

On the news - It seems like they had no choice, so it's fine with me. I don't think it will affect much other than give them time to sort out their issues so they'll be ready for the increased orders in a couple months.

I just hope they don't raise prices again; that would be unnecessary I think. Just become more efficient at it & figure that part out.

What happened was the news of a new price hike, was out early. So everyone knew they had to get them in before the price hike on that certain day it was going to happen. so everyone , i mean everyone put everything on the backburner and just got their cards in order and started submitting. Most were betting on a huge price jump and it came true. I mean it was so many orders being logged on the website that it was slow and in some cases would just crash.

[MoreToppsPlease]

Originally Posted by seanbros55

That’s a frickin joke right?

You think Topps slabbing cards at the factory a joke? It’s certainly a lot better than having a third party do it. Especially when AI is involved.

Getting truly pristine cards would be easy and less expensive when slabbed at the factory...and that’s what everyone wants, right?

[gmoney328]

Originally Posted by MoreToppsPlease

You think Topps slabbing cards at the factory a joke? It’s certainly a lot better than having a third party do it. Especially when AI is involved.

Getting truly pristine cards would be easy and less expensive when slabbed at the factory...and that’s what everyone wants, right?

Not to mention even more $$$ in Topps' pocket. Eliminate the middleman.

[Harper]

I think this is a great move from customer service standpoint. If they do a gradual service return it should prevent the flood gate issue. It also really reduces their liability. I would not want millions of dollars worth of cards sitting in a warehouse for 6+ months. This strengthens the brand a bit now because a lot of the cheap cards will go to SGC or some of the lesser companies. Keeps the pop report down a bit while keeping option for the monster cards to get through still

[sickmantz]

Hot take. They need to keep raising prices until the demand matches what they can supply.

[hermanotarjeta]

Originally Posted by sickmantz

Hot take. They need to keep raising prices until the demand matches what they can supply.

Yes, charge $1000 per card and keep the clown submissions away.