pcsportscards group submission thread(Results/General info)

[litehouse17]

Originally Posted by litehouse17

ResearchandID 13
Grading 5
Assembly 13
QACheck1 16
QACheck2 13

Exciting news with the BGS announcement!

9/29/22

ResearchandID 13
Grading 4
Assembly 10
QACheck1 19
QACheck2 9

Good to see a bit going through QA 1+2 and out back to us.

[CxL]

I am so excited for my two orders to pop that are in QA 2. Some nice stuff in there. Been awhile since I had any orders pop.

[anusinha]

Hooray for value.1, it finally popped! Some good, some meh, mostly as I expected. Thanks!

[CxL]

Originally Posted by CxL

I am so excited for my two orders to pop that are in QA 2. Some nice stuff in there. Been awhile since I had any orders pop.

Well….

[litehouse17]

Originally Posted by litehouse17

9/29/22

ResearchandID 13
Grading 4
Assembly 10
QACheck1 19
QACheck2 9

Good to see a bit going through QA 1+2 and out back to us.

9/30/22

ResearchandID 12
Grading 3
Assembly 9
QACheck1 21
QACheck2 8

Happy Friday everyone!

[The_Reverend]

Originally Posted by litehouse17

9/30/22

ResearchandID 12
Grading 3
Assembly 9
QACheck1 21
QACheck2 8

Happy Friday everyone!

Do you think people are smarter when it comes to their submissions? I remember the days when then just research would have 53 submissions.

[jewcer2k5]

Originally Posted by The_Reverend

Do you think people are smarter when it comes to their submissions? I remember the days when then just research would have 53 submissions.

Some people are and some are not.

[KepCards]

Originally Posted by The_Reverend

Do you think people are smarter when it comes to their submissions? I remember the days when then just research would have 53 submissions.

Lower prices for bulk can't be too far away. PSA is still sending out emails about the $22 bulk, even tho it has been out for a couple weeks. I'm guessing they just aren't going to see the numbers they were hoping for at $22. $17-18 a card would seem to be the number that will get a lot more people involved, but that may still not be low enough for those looking to submit thousands of cards...

[jewcer2k5]

Originally Posted by KepCards

Lower prices for bulk can't be too far away. PSA is still sending out emails about the $22 bulk, even tho it has been out for a couple weeks. I'm guessing they just aren't going to see the numbers they were hoping for at $22. $17-18 a card would seem to be the number that will get a lot more people involved, but that may still not be low enough for those looking to submit thousands of cards...

How many people out there do you think are holding on to thousands of cards right now to grade? I think most of that went in for July special.

[The_Reverend]

Originally Posted by jewcer2k5

How many people out there do you think are holding on to thousands of cards right now to grade? I think most of that went in for July special.

I probably have at least 500 to grade, but I am far more strategic now. I will only send stuff In Preparation for the season. I sent mostly hockey. My next submission will be hockey and star players only.

[jtclockwork]

Originally Posted by jewcer2k5

How many people out there do you think are holding on to thousands of cards right now to grade? I think most of that went in for July special.

Depends how low they go. At around $10-$12 for under $100 DV, I would probably send a few thousand cards. At $22 for under $200, I'm good for a little bit.

[jewcer2k5]

Originally Posted by jtclockwork

Depends how low they go. At around $10-$12 for under $100 DV, I would probably send a few thousand cards. At $22 for under $200, I'm good for a little bit.

I wouldn’t really expect $10-$12. I think there is no barrier to grading then and it’s worth grading almost every card at that price point.

[CheapThief]

Originally Posted by jewcer2k5

I wouldn’t really expect $10-$12. I think there is no barrier to grading then and it’s worth grading almost every card at that price point.

Maybe, but consider this: PSA did not (I don't think) grade a single value sub that was submitted later than June 2020 until right around May/June 2021, since all their capacity from June '20 to (roughly) June '21 was being used to grade orders that came in at the economy tier or higher. I say this because my late May 2020 values were finished by Oct 2020, but my June 2020 values weren't graded until the following summer.

So- by April '21 you had a 13m card backlog, and basically all of that was in value subs that came in from June 2020 to March 2021. That's nine months of subs, and 13m cards, or roughly 1.5m cards a month. And that's at $9/per (or so) in an historically hot market.

The market is, right now, nowhere near what it was in those heady days of the winter of 2021, and $12/per is higher than $9/per. So I don't know why we'd expect 1.5m+ cards a month to be submitted if selling prices are lower, and grading fees (even at $12 per) are higher.

[grade]

Originally Posted by jewcer2k5

How many people out there do you think are holding on to thousands of cards right now to grade? I think most of that went in for July special.

Have 1000's of cards to grade at a lower bulk fee. There is a huge market for bulk subs in just the non sport collector sector alone.

[rwperu34]

Originally Posted by jewcer2k5

How many people out there do you think are holding on to thousands of cards right now to grade? I think most of that went in for July special.

Since I just organized my 750 card "can grade" pile, I will tell you;

At $30 I've got 15 cards, plus a few sealed redmptions in another box.

At $18 I've got maybe 50-100 cards, depending on how far the prices I havne't checked lately have fallen.

At $12 maybe another couple of hundred. This would be something like Gavin Lux refractors and Yordan/Devers/Tucker base. The $25 in PSA 10 crap.

At 2¢ I've got about 100 that still wouldn't go. Some of it from years ago, some of it from the boom. I've still got some Rhys Hoskins Topps Heritage Minors that I haven't thrown in the trash yet (I guess he could still pop 40 HR one year) and AJ Puk (his sister was solid in her one year at ASU). That type of stuff.

[rwperu34]

Originally Posted by jewcer2k5

I wouldn’t really expect $10-$12. I think there is no barrier to grading then and it’s worth grading almost every card at that price point.

Originally Posted by CheapThief

Maybe, but consider this: PSA did not (I don't think) grade a single value sub that was submitted later than June 2020 until right around May/June 2021, since all their capacity from June '20 to (roughly) June '21 was being used to grade orders that came in at the economy tier or higher. I say this because my late May 2020 values were finished by Oct 2020, but my June 2020 values weren't graded until the following summer.

So- by April '21 you had a 13m card backlog, and basically all of that was in value subs that came in from June 2020 to March 2021. That's nine months of subs, and 13m cards, or roughly 1.5m cards a month. And that's at $9/per (or so) in an historically hot market.

The market is, right now, nowhere near what it was in those heady days of the winter of 2021, and $12/per is higher than $9/per. So I don't know why we'd expect 1.5m+ cards a month to be submitted if selling prices are lower, and grading fees (even at $12 per) are higher.

This is my thinking. Prices have really tanked. My Price Index (for BCA) is down another 40% this year. It's off by ~55% from peak and only ~15% above November 2019 prices. I didn't do an update in April 2020, but my guess is it was higher at that point. There are more cards printed now, but PSA also has much more capacity.

Baseball is about to hit its seasonal nadir and I expect a rebound by March/April, but the bottom line still holds. Prices are way, way down from peak and are more like late 2019 early 2020. The cost of grading should reflect this to some degree.

[jewcer2k5]

Originally Posted by rwperu34

Since I just organized my 750 card "can grade" pile, I will tell you;

At $30 I've got 15 cards, plus a few sealed redmptions in another box.

At $18 I've got maybe 50-100 cards, depending on how far the prices I havne't checked lately have fallen.

At $12 maybe another couple of hundred. This would be something like Gavin Lux refractors and Yordan/Devers/Tucker base. The $25 in PSA 10 crap.

At 2¢ I've got about 100 that still wouldn't go. Some of it from years ago, some of it from the boom. I've still got some Rhys Hoskins Topps Heritage Minors that I haven't thrown in the trash yet (I guess he could still pop 40 HR one year) and AJ Puk (his sister was solid in her one year at ASU). That type of stuff.

What you have at 12 most people would grade at 18. Thr $25-$30 psa 10 that is $1-$3 raw. I see why you want it to be 12 but from my experience lots of folks throw em in at 18 but not at 22+.

If it were 2 cents to grade I’d grade every card I own.

[The_Reverend]

For some cards, $30 would be a better option IF that meant the cards moved through the system faster. They don’t, so pay the lowest price. $18 submissions have jumped $30 and probably a few $50 orders.

[anusinha]

I think we get down to the $12/100DV range, simply because there are legions of cards that can be sent in for 12 but not for 15 or higher. All of those base RCs that sell for 30-40 in PSA 10, you really need them to be $12 or under to grade. That is where bulk grading was pre boom, and that is where we are headed now.

If they want to slow down the stream a bit, just limit it to a single sport each month.

[rwperu34]

Originally Posted by jewcer2k5

What you have at 12 most people would grade at 18. Thr $25-$30 psa 10 that is $1-$3 raw. I see why you want it to be 12 but from my experience lots of folks throw em in at 18 but not at 22+.

If it were 2 cents to grade I’d grade every card I own.

$25 x 85% (selling fees)=$21.25
$21.25 -$18 (grading fees)=$3.25

It's only worth it if shipping is free in both directions and the gem rate is 100%. Even at an 80% gem rate it's breakeven before accounting for the purchase or raw sale price of the cards. Then you've got the other costs (shipping isn't free in both directions, Paypal...etc) and the opportunity cost (time to purchase, receive, inspect, pack and ship for grading, receive from grading...etc).

I can see people doing it for their PC, but definitely not in bulk.

Originally Posted by anusinha

I think we get down to the $12/100DV range, simply because there are legions of cards that can be sent in for 12 but not for 15 or higher. All of those base RCs that sell for 30-40 in PSA 10, you really need them to be $12 or under to grade. That is where bulk grading was pre boom, and that is where we are headed now.

If they want to slow down the stream a bit, just limit it to a single sport each month.

I agree with this wholeheartedly. Maybe it's a little higher for the newest stuff, but overall the cost to grade has to get back in line with the final sales price of graded cards.

[litehouse17]

Originally Posted by litehouse17

9/30/22

ResearchandID 12
Grading 3
Assembly 9
QACheck1 21
QACheck2 8

Happy Friday everyone!

10/3/22

ResearchandID 11
Grading 4
Assembly 6
QACheck1 23
QACheck2 8

Good morning! A lot of subs in QA getting ready to make their way out and back to us.

[jewcer2k5]

Originally Posted by rwperu34

$25 x 85% (selling fees)=$21.25
$21.25 -$18 (grading fees)=$3.25

It's only worth it if shipping is free in both directions and the gem rate is 100%. Even at an 80% gem rate it's breakeven before accounting for the purchase or raw sale price of the cards. Then you've got the other costs (shipping isn't free in both directions, Paypal...etc) and the opportunity cost (time to purchase, receive, inspect, pack and ship for grading, receive from grading...etc).

I can see people doing it for their PC, but definitely not in bulk.




I agree with this wholeheartedly. Maybe it's a little higher for the newest stuff, but overall the cost to grade has to get back in line with the final sales price of graded cards.

I agree that I’d be super picky at that level but I see what people send. I show a lot of it on YT when I can also. Lots of people send those cards at $22.

[thewesdub]

Woof...some of my consignments did really poorly this week. I have three left at auction until tonight that I'm hoping do a bit better. Ultimately the consignments will pay for the submissions and the 10 PC items I sent with them.

This was my first time using PCS and I have zero complaints. The communication is fantastic and the entire process was efficient.

[jewcer2k5]

Originally Posted by thewesdub

Woof...some of my consignments did really poorly this week. I have three left at auction until tonight that I'm hoping do a bit better. Ultimately the consignments will pay for the submissions and the 10 PC items I sent with them.

This was my first time using PCS and I have zero complaints. The communication is fantastic and the entire process was efficient.

Yea my Brady Black Diamond PSA 10 ended $6200 last week and this weeks was $4500. There was one in between at $5000. Seems like it was a rough week. Gotta take the good with the bad though.

Using the grading to get the 10 PC items and no extra cash out of pocket is amazing though!

[The_Reverend]

Originally Posted by jewcer2k5

Yea my Brady Black Diamond PSA 10 ended $6200 last week and this weeks was $4500. There was one in between at $5000. Seems like it was a rough week. Gotta take the good with the bad though.

Using the grading to get the 10 PC items and no extra cash out of pocket is amazing though!

This is my strategy with my current submission, more so to pay for sub that my hockey cards will be in hand for hockey season. I have learned how to maximize my G2C profits. Thank you for the YT videos. Now to contemplate my Judge submission, pretty much all G2C stuff.