Price is going up 2/10

[letsgocapitals]

So many hobby economists.

[TXRunner]

I saw PSA's email as I drove in to work this morning. I didn't notice a posted new turnaround time for the new all encompassing bulk level. That level TAT is just "you'll get it when you get it".

The Gamestop order I have sitting with PSA right now will be my last order with PSA. You can only take so many gut punches. GS was the last method to try to keep some submissions with PSA. No mas.

[imbluestreak23]

Not happy about it but what do you do

2M cards a month, I get it

[Sonnys88]

Originally Posted by notoriousrmb

Want to see why this is happening? Look at Reddit grading threads, all this new money in the hobby and everyone thinks if a card is numbered, it needs a slab and they can retire.

I get sending in something fun for your PC, not always about dollar value. But post after post of "should I grade this?" of some third tier player /99 doesn't need a slab.

If PSA were smart, they would just hire another 100 graders and let people keep sending in junk.

100%

The amount of absolute junk being sent in for grading is off the charts.

PSA could charge $50 for bulk service and there would still be a long line of people sending in every nickel and dime card they have because they think they have to have their cards graded no matter what.

The hobby has a very low barrier for entry - and there seems to be a lot of people that are bad at figuring out the financial parts of it (i.e. spending $25 to grade a 50-cent parallel of a special teams player).

[NYBBFAN]

This will likely raise the value of marginal cards that are already slabbed. If there's a PSA 9 of [insert card here] at $19, suddenly it makes sense to charge $24 for that same card.

[brev87]

Originally Posted by letsgocapitals

So many hobby economists.

We have to be, we are the hobby

[thenightman]

Originally Posted by imbluestreak23

Not happy about it but what do you do

2M cards a month, I get it

Just going to have to be more rigid on what I’m sending in. Focus on finding opportunities with certain releases to maximize the possible gem %.

[YeahBuddy]

Originally Posted by 22emmittfan

Take over sgc, take over Beckett. No competition left can set pricing to whatever they want now as nothing to compete against

Will cgc finally take next step?

CGC already has, they've been killing it with pricing and turn around time and the best slab on the market.

[YeahBuddy]

PSA should have kept prices the same, dont allow subs on a couple days a week. One could think that will only just make those wanting to sub to sub on the other 5 day of the week, but it would be an easier test to see if it slows flood gates without raising prices as if that is the only way to slow down the intake.

Maybe it doesnt work, but would have been an attempt at least without the upcharge.

[f2tornado]

Originally Posted by thenightman

PSA’s website has value bulk at $24.99, GameStop is at $25.99.

$22 was already a challenge for a lot of stuff. $25 is a deal breaker for anything that was previously a challenge.

I'm inclined to believe the number of cards that get submitted will start falling. Anything with a resale price below $35 is DOA. I'd venture that there's not enough $100+ type stuff out there to keep the numbers up.

And all the people sending me unsolicited offers on eBay will not be getting much leeway since the cost to replace some of that stuff that was previously borderline is now prohibitive.

[MavsRChamps]

Originally Posted by letsgocapitals

So many hobby economists.

I'd love for you to be specific & refute anything I said since you're indirectly calling me out.

[hammerva]

Originally Posted by letsgocapitals

So many hobby economists.

This decision has less to do with economics and more to do with psychology. Oh we don't like buying $800 hobby boxes but first in line to get them. Oh we don't like the increase prices and increased waiting times, number of you already working on your next order under these prices. They know we (the majority) can't control ourselves

[bub838]

This isn't to slow demand, it's just squeezing more money out of us.
Remember, people waited over a year to get their cards during COVID. PSA knows they still have plenty of latitude to gouge us more and more.

[letsgocapitals]

Originally Posted by MavsRChamps

I'd love for you to be specific & refute anything I said since you're indirectly calling me out.

Seriously. It was a general observation.

[TheOneRingKing]

PSA is such a piece of #@#@#@#@ company ran by greedy scum like Nat Turner. "We want to get turnaround times down to a month or less, bulk to $10" yup, just like I said for a long time don't believe a damn thing that guy says. This is for them to pay themselves back for taking in BGS recently and doing the worst job since the plandemic grind to a halt with turnaround times. When are any of you going to realize that this company is based on lies, incompetence and you all drop the knee because of "resale value" yeah on major cards in a top grade totally agree. Most that come out even a PSA, 7, 8 , or 9 you can make just as much selling the damn card raw compared to it being slabbed. Wake up sheep.

[jerryw]

Originally Posted by thenightman

How about meet demand? Company makes $20ish a slab and gets near 2 million subs a month. You can't meet demand making $40 million a month?

If you take nats salary away it’s possible

[seanrs1]

At this point fanatics should see this as an opportunity to buy CGC or start their own grading company to really give PSA some competition to drive down prices.

[Oriole Way]

Originally Posted by YeahBuddy

CGC already has, they've been killing it with pricing and turn around time and the best slab on the market.

I really do think this price increase will be the powderkeg moment that leads to CGC's biggest surge ever. A lot of casual hobby consumers are going to be priced out of grading lower end stuff and look to grade with CGC and buy CGC slabs. I truly believe this specific price level is the straw that breaks the low end submitter camel's back.

I also think the TCG grading increase by PSA is monumental. Not only is it overdue because TCG has always been the primary reason for PSA's backlog (not sports), but I've always thought that the main reason PSA didn't raise their TCG prices was because CGC would become even more competitive in the TCG space if PSA ever raised their bulk TCG prices. Now that's happened.

[Spacemanspif]

Never fails. I have 200+ cards ready to submit but was trying to complete the last couple piles before sending everything at once

[bub838]

Originally Posted by Oriole Way

I really do think this price increase will be the powderkeg moment that leads to CGC's biggest surge ever. A lot of casual hobby consumers are going to be priced out of grading lower end stuff and look to grade with CGC and buy CGC slabs. I truly believe this specific price level is the straw that breaks the low end submitter camel's back.

Narrator: It was not.

[Oriole Way]

Originally Posted by bub838

Narrator: It was not.

Bump this thread in a year if I'm wrong.

CGC will do what SGC did during the PSA Covid backlog and significantly increase their market share.

[LondonGames]

Nat Turner is the most unethical person to ever exist in this hobby.

Prices being raised with zero notice.

Meanwhile, people who paid $150.00 to join "Collectors Club" to get the promised "discount" for Bulk Pricing, which was being pushed as the reason to join, now have to pay $24.99 for the pricing instead of $18.99.

Pretty sure these business practices aren't legal.

Scum of the earth Nat Turner.

[49ersSF]

People just believe the nonsense spewed out by PSA for their own reasons to raise the price.

The reality is that they now have a monopoly and will raise prices as high as possible, as there is no longer competition.

[dortonwildcat5]

Ole Nat betraying collectors. Lol.

[Spacemanspif]

also forced sale of stock that we had in Collectors for pennies on the dollar