PSA just suspended all new submissions below Super Express

[Goldenarm]

I just noticed PSA also extended current membership expiration dates.

[bloodwings19]

Will BGS follow?

[CaliCollector87]

Originally Posted by bloodwings19

Will BGS follow?

Negative. they like $$$ too much.

[BWallace83]

And not a peep from BGS at all. They are backlogged like crazy as well but you don't hear them communicate at all about any solutions they have moving forward . Their 9.5 cards are dipping against a PSA 10. They were once the most popular/preferred brand in the grading game and it just seems like they are falling off hard.

[DajuanWagner]

Originally Posted by hermanotarjeta

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

By doubling prices, that's the way it already feels......

[MOONBASE1]

If Topps were to take over a grading like scenario, think about this. They could create as many or little 10's just by a micro adjustment of the sheet cutting blades. Thereby creating their own built in rarity market, or common 10's market where the majority of cards will be 10's and the rarer ones would be 8 or 9's.

[blackbears86]

My thoughts:


1. When PSA re-opens in July they will get DELUGED with submissions.
2. I do think prices of current key PSA slabs will go up (but everything is up right now)
3. Some flippers might leave the market--3 months can be a long time for some
4. People will gravitate to other grading companies for their grading "fix" (yes I know Khal---not you)
5. This will be a deterrent to those who are grading base prizms and IMO, was not a coincidence with 2021 prizm BSKB coming out.
6. A big influx of raw cards on ebay----flippers got bills to pay.

[pewe]

Originally Posted by blackbears86

My thoughts:


1. When PSA re-opens in July they will get DELUGED with submissions.
2. I do think prices of current key PSA slabs will go up (but everything is up right now)
3. Some flippers might leave the market--3 months can be a long time for some
4. People will gravitate to other grading companies for their grading "fix" (yes I know Khal---not you)
5. This will be a deterrent to those who are grading base prizms and IMO, was not a coincidence with 2021 prizm BSKB coming out.
6. A big influx of raw cards on ebay----flippers got bills to pay.

#6 is music to my ears!!!


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[JeremyNick]

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?

The assumption that Topps would only be slabbing pristine cards or using AI is funny.

And no, people don’t want slabbed cards. If that’s all they wanted they would be using the cheapest and fastest grader possible.

They want the $$$ boost.

[Redbandit]

This is why theyre planning on going with a tiered approach - slowly opening up higher value 'lanes' so they can handle the tidle wave of lower end cards eventually

Originally Posted by hermanotarjeta

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.

[palmetto7]

This makes me believe that PSA 10s and 9s will skyrocket.

[pewe]

Originally Posted by palmetto7

This makes me believe that PSA 10s and 9s will skyrocket.

And will make raw an even better deal - will be a golden age for raw collectors


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[jcardstore]

Originally Posted by BWallace83

And not a peep from BGS at all. They are backlogged like crazy as well but you don't hear them communicate at all about any solutions they have moving forward . Their 9.5 cards are dipping against a PSA 10. They were once the most popular/preferred brand in the grading game and it just seems like they are falling off hard.

When?

[Redbandit]

Originally Posted by pewe

And will make raw an even better deal - will be a golden age for raw collectors


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I like the way you think

[k13]

Originally Posted by jcardstore

When?

Just a few years ago.

Every bowman 1st auto was BGS same with Young guns.

[MyckKabongo]

* PSA's competitors will not be able to handle the flood coming their way. No chance. None. SGC looking like clowns for running their loud mouths yet again. BGS probably follows PSA and halts most levels. HGA is having issues even with a cap in place. CSG already feeling the strain as noted in this thread.

* The simple answer is for PSA to fix the supply side. Hire and retain more graders -- obviously this takes time and is not easy. They MUST take advantage of this window to build up permanent capacity because there will be a new deluge as soon as subs re-open.

* Placing permanent caps on submitters -- terrible idea! As a business you try to meet the demand not just give up and let your competitors win.

* Permanent outrageously high prices -- also a terrible idea! Opens the door completely for competitors to try and scale up. Given enough time, someone would open up shop and be able to grade for under $20 at massive scale. The demand is there and raising capital would not be a problem. Temporary price hikes to hold back the flood after resuming is not a not a bad idea. Again, as a business what you do is fix the supply side.

* Permanently high prices for ultra modern -- solid idea. $100 is too high but $30 - $50 is reasonable. The goal should be to discourage speculative prospects, not necessarily to discourage Soto/Zion/Herbert stuff. Forcing people to wait three years to access lower prices will result in a lot less junk slabs.

* There will ALWAYS be speculative prospects and cheap cards sent in. First of all, remember PSA set collectors and the registry. These are some of PSA's longest supporters and there should be options for them in the future, not just a cold shoulder. Second, there is an economic incentive. Look at all the oddball non-sports and misc sports that has crushed it in 2021. You hit the lotto if you were one of the few that sent in some of that stuff. Likewise if you had a TH-T or any other speculative prospect that catches fire in a low pop PSA slab. There will always be an incentive to fill in the empty lines in the pop report and that's OK!

[letsgocapitals]

Originally Posted by SupermanBrandon

1st time checking BO since the announcement. Came to see the show. Is there an overall theme in these 4 pages?

Blowout is full of U of Phoenix MBAs.

[rhineland]

Originally Posted by Soonforget526

For those interested, Steve Sloan did an interview on the Sports Cards Nonsense podcast a few weeks back (link below). A few interesting points.

- There was 2M subs in Jan/Feb
- 50% of those were <$50 value, of which 30% <$25 value
- If people only subbed cards >$80, PSA can cover their commitments with its’ existing capacity

Overall, good move to pause as none of their traditional tactics have affected demand. As others have mentioned, I think we’ll see pricing and other tactics to motivate folks to think twice before sending in cards <$50 in the future.

Link to podcast:
https://podcasts.apple.com/us/podcas...=1000512225153

Does this mean that the value of the card itself is <$25 - meaning it's a piece of junk? Or does it mean that the cards submitted fall into PSA service lines that cost <$25? I assume it's the former.

[theshowandme]

Originally Posted by hermanotarjeta

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

I’m all for stopping Bowman paper, Beam Team inserts, and Pokémon submissions


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[Biohazarddfl]

Originally Posted by Cardfanattic

Sending into PSA in this era generally means you are interested in the flip. I’m sure if PSA did a study, they would find hundreds of thousands of first time and serial submitters. I have been collecting since 1984 and I have submitted to PSA 3x before the 2020. I’m not saying purists don’t send in cards. I am just talking about the ratio of flippers vs. collectors.

No way the sports world gained millions of hobby enthusiasts over the course of a pandemic. Once the pandemic simmers , let’s see which way the hobby goes. This hobby isn’t a cheap habit!


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Disagree. The hobby clearly added millions of hobbyists over the pandemic. I'm not sure this is even up for debate at this point.

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[KhalDrogo]

Originally Posted by rhineland

Does this mean that the value of the card itself is <$25 - meaning it's a piece of junk? Or does it mean that the cards submitted fall into PSA service lines that cost <$25? I assume it's the former.

Whatever the declared value was. So it's not the most accurate representation of what the card is actually worth.

[hauntedcomputer]

If I were running it, I'd open July 1st with at least two more physical grading locations. It's always been stupid to do this in one place due to both shipping logistics and the shortage of people willing to move for assembly-line jobs.

But also if I were running this, I would be very wary of long-term leases and equipment purchases for what is likely a short-term business challenge. You can easily ditch employees but what use is slabbing equipment? Are people still going to be grading 20 million cards a year in 2024? I doubt it.

[pewe]

Originally Posted by Biohazarddfl

Disagree. The hobby clearly added millions of hobbyists over the pandemic. I'm not sure this is even up for debate at this point.

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What makes you think that the millions of participants and their $$ that entered are in fact “hobbyists”, as opposed to “flippers”?

Especially since most of the publicity about sports cards is of the “get rich quick” variety...

My interpretation: additions are more likely to be into sports cards for the $$ as opposed to because they are excited to PC players / teams

And the evidence of 100x more demand for ultra modern / contemporary card grading seems to support that... PC types have much much less need / demand for grading services.


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[MyckKabongo]

Yeah, don't put too stock in those Sloan stats. If you're following the letter and spirit of the DV rules your should pretty much never have a DV < $25 unless you're intentionally subbing super low end commons for PSA set/registry stuff. Those stats are driven by folks trying to minimize the costs associated with proper DVs.

[letsgocapitals]

Couple thoughts:

- No other TPG can handle the volume that will be left with PSA closing up shop for a few months. Not even close.
- HGA's model of limiting submissions is SMART. It's a model PSA should strongly consider when they're back online. It would allow them to flexibly control a volume they can realistically handle. It would also allow them to set a price point that is profitable. The other option is raise prices AGAIN. But there's far less control using that strategy.
- This sucks for group submitters.
- It's absolutely the right thing to do (and I do grade with PSA).
- For cards already at PSA, I'm not sure this equates to us getting our cards back faster. Unless they continue to hire...
- I'm beginning to think that AI will never be a thing. Too many card companies, sets, cuts, etc.