What to do now

TheRealPatDaddy · 10-01-2020, 01:30 PM

So as I’m sure people know by now PSA took away the economy grading. So now I’m torn. I have a bunch of cards worth $100-$200 after grading that I was going to send 20 day for $25. Now with psa new rules I don’t think it’s worth sending for $60 per card. However I don’t know if waiting 6 months for the new bulk submission is worth it either. I was hoping y’all could help me decide what to do? Maybe I send to Beckett or sgc now? This really sucks!

tmoore_25 · 10-01-2020, 01:41 PM

Unfortunately, I think you just submit and wait. It will do no good to send to SGC. They are already taking 4 months minimum for turnaround time. They are currently finishing up end of May beginning of June submissions. All this means is that people are going to pivot and send those Economy cards to SGC and their turnaround times are just going to get longer until they do exactly what PSA is doing.

jhs5120 · 10-01-2020, 01:42 PM

Anything under ~$250 that isn't going to depreciate over 6-9 months I send bulk.

King44 · 10-01-2020, 01:42 PM

Group sub is the other option. I've never done it... but they still get the Economy grading.

nocontest · 10-01-2020, 02:12 PM

Why not just cross your fingers and hope they implement economy again soon?

imbluestreak23 · 10-01-2020, 02:28 PM

This all but eliminates buy and graders for cards in the $125-$350 range which is a large portion of the hobby. Unless you want to do join a group submission, which I prefer not to do.

Hoping that PSA allows for expansion of authorized dealers.

49erRCCollector · 10-01-2020, 02:31 PM

I was on the phone with them this morning. The way I collect? I have no issues with any of these changes.

It hurts 2020 bulk pack rippers/flippers from crowding up the pipeline with endless base.
It makes 2020 boxes less valuable/more of a risk
Hopefully speeds up return times on my PC goals

Wins all around for me.

TheRealPatDaddy · 10-01-2020, 02:35 PM

Quote:

Originally Posted by imbluestreak23

This all but eliminates buy and graders for cards in the $125-$350 range which is a large portion of the hobby. Unless you want to do join a group submission, which I prefer not to do.

Hoping that PSA allows for expansion of authorized dealers.

I agree 100% with this. The question I have is does this impact in a negative way? I assume yes. It may raise the value of those cards because now it costs more to grade or takes longer? Idk. This doesn’t seem good though

Nostalgia · 10-01-2020, 02:35 PM

Does this mean that graded cards will be worth even more now? Fewer people submitting. Graded cards become a bit more scarce.

What does this do for the “raw” market?

Sent from my iPhone using Tapatalk

mbuch21 · 10-01-2020, 03:13 PM

My top 10 quick takeaways:
1- Number of low value submissions goes down because of the added expense / wait / hassle
2- Therefore number of future base submitted goes down, essentially freezing graded pops, making existing graded base more valuable
3- You need to be more certain that you will get the 10 grade for cards where it no longer pays to grade a 9. Discretion and certainty go up. Percentage of 10s in the pop goes up. Or threshold for achieving a 10 gets even higher.
4- Graded cards will trade at a higher spread above raw than they previously did because fewer of them exist
5- No impact on expensive cards that will be graded at a higher price tier anyway
6- Make sure you have a good dealer for bulk submissions
7- Plan to use the 6 month option and hold lower priced cards for a longer period; flipping goes down
8- Industry wide transaction volumes of graded cards drop (bad for eBay because now many of those cards will trade raw at a lower price point / commission to them)
9- In the long run the PSA backlog goes down and turnaround times get shorter
10- BGS and SGC will probably have a strategic counter involving a price or structure change in the near future

49erRCCollector · 10-01-2020, 04:42 PM

Quote:

Originally Posted by mbuch21

My top 10 quick takeaways:
1- Number of low value submissions goes down because of the added expense / wait / hassle
2- Therefore number of future base submitted goes down, essentially freezing graded pops, making existing graded base more valuable
3- You need to be more certain that you will get the 10 grade for cards where it no longer pays to grade a 9. Discretion and certainty go up. Percentage of 10s in the pop goes up. Or threshold for achieving a 10 gets even higher.
4- Graded cards will trade at a higher spread above raw than they previously did because fewer of them exist
5- No impact on expensive cards that will be graded at a higher price tier anyway
6- Make sure you have a good dealer for bulk submissions
7- Plan to use the 6 month option and hold lower priced cards for a longer period; flipping goes down
8- Industry wide transaction volumes of graded cards drop (bad for eBay because now many of those cards will trade raw at a lower price point / commission to them)
9- In the long run the PSA backlog goes down and turnaround times get shorter
10- BGS and SGC will probably have a strategic counter involving a price or structure change in the near future

Agree on the bolded aboveAND I think these are all positives.

I grade base cards for my PC and can afford to keep going BUT I don't send 100 of the same card of a new prospect. All of this is perfect for me.

The flipping thing I find kind of gross and is affecting my collecting habits, so I'm happy to see it take a hit.

unclemonkey · 10-01-2020, 06:14 PM

Got a couple hundred that need grading.

My plan is looking to spring 2021 thru 2022/23 so time is not an issue.

Screwed myself out of several hundred by fiddling around and not sending in a bulk order.

I am only buying graded from this point forward.

Let the others take the risk an aggravation.

View Poll Results: What to do with $100-$200 cards
Send to PSA bulk and wait 6 months at least	28	52.83%
Send to PSA 8 day for $60	3	5.66%
Send to Beckett or SGC	10	18.87%
Keep raw. Buy and sell raw	12	22.64%
Voters: 53. You may not vote on this poll

10-01-2020, 01:30 PM	#1
TheRealPatDaddy Member Join Date: Sep 2020 Posts: 6	What to do now So as I’m sure people know by now PSA took away the economy grading. So now I’m torn. I have a bunch of cards worth $100-$200 after grading that I was going to send 20 day for $25. Now with psa new rules I don’t think it’s worth sending for $60 per card. However I don’t know if waiting 6 months for the new bulk submission is worth it either. I was hoping y’all could help me decide what to do? Maybe I send to Beckett or sgc now? This really sucks!

10-01-2020, 01:41 PM	#2
tmoore_25 Member Join Date: Aug 2007 Location: North Carolina Posts: 1,742 tmoore_25	Unfortunately, I think you just submit and wait. It will do no good to send to SGC. They are already taking 4 months minimum for turnaround time. They are currently finishing up end of May beginning of June submissions. All this means is that people are going to pivot and send those Economy cards to SGC and their turnaround times are just going to get longer until they do exactly what PSA is doing. __________________ PC: Nolan Ryan, Dustin May, Yadier Molina, Ronald Acuna, Ozzie Albies, Ichiro Atlanta Braves Topps Flagship and Topps Chrome Photo Variations

10-01-2020, 01:42 PM	#4
King44 Member Join Date: Sep 2010 Location: The desert Posts: 3,084 Team-King	Group sub is the other option. I've never done it... but they still get the Economy grading. __________________ I enjoy trading! Flickr a work in progress https://www.flickr.com/photos/185483813@N06/albums

10-01-2020, 02:28 PM	#6
imbluestreak23 Member Join Date: Mar 2012 Location: Meandering the matrix code that the hobby/forum overlords spit out Posts: 18,009 shortslabs	This all but eliminates buy and graders for cards in the $125-$350 range which is a large portion of the hobby. Unless you want to do join a group submission, which I prefer not to do. Hoping that PSA allows for expansion of authorized dealers. __________________ @shortslabs I'VE WITNESSED HOW THE SAUSAGE IS MADE HERE...IT'S ROTTEN https://www.youtube.com/c/TylerShort

10-01-2020, 01:42 PM	#3
jhs5120 Member Join Date: Apr 2010 Posts: 285	Anything under ~$250 that isn't going to depreciate over 6-9 months I send bulk.

10-01-2020, 02:12 PM	#5
nocontest Member Join Date: Aug 2020 Posts: 113	Why not just cross your fingers and hope they implement economy again soon?

10-01-2020, 02:31 PM	#7
49erRCCollector Member Join Date: Apr 2016 Location: Los Angeles Posts: 12,843	I was on the phone with them this morning. The way I collect? I have no issues with any of these changes. It hurts 2020 bulk pack rippers/flippers from crowding up the pipeline with endless base. It makes 2020 boxes less valuable/more of a risk Hopefully speeds up return times on my PC goals Wins all around for me. __________________ Will MASSIVELY overpay for: 2002 Fleer Authentix #180, 181 Derek Smith & Zack Bronson AND 2007 Upper Deck Target Exclusive Rookies Autographs #261 Joe Staley #'d to /5

10-01-2020, 02:35 PM	#9
Nostalgia Member Join Date: Sep 2020 Location: New York Posts: 2,057	Does this mean that graded cards will be worth even more now? Fewer people submitting. Graded cards become a bit more scarce. What does this do for the “raw” market? Sent from my iPhone using Tapatalk

10-01-2020, 03:13 PM	#10
mbuch21 Member Join Date: Mar 2019 Posts: 294	My top 10 quick takeaways: 1- Number of low value submissions goes down because of the added expense / wait / hassle 2- Therefore number of future base submitted goes down, essentially freezing graded pops, making existing graded base more valuable 3- You need to be more certain that you will get the 10 grade for cards where it no longer pays to grade a 9. Discretion and certainty go up. Percentage of 10s in the pop goes up. Or threshold for achieving a 10 gets even higher. 4- Graded cards will trade at a higher spread above raw than they previously did because fewer of them exist 5- No impact on expensive cards that will be graded at a higher price tier anyway 6- Make sure you have a good dealer for bulk submissions 7- Plan to use the 6 month option and hold lower priced cards for a longer period; flipping goes down 8- Industry wide transaction volumes of graded cards drop (bad for eBay because now many of those cards will trade raw at a lower price point / commission to them) 9- In the long run the PSA backlog goes down and turnaround times get shorter 10- BGS and SGC will probably have a strategic counter involving a price or structure change in the near future

10-01-2020, 06:14 PM	#12
unclemonkey Member Join Date: Aug 2017 Posts: 4,989	Got a couple hundred that need grading. My plan is looking to spring 2021 thru 2022/23 so time is not an issue. Screwed myself out of several hundred by fiddling around and not sending in a bulk order. I am only buying graded from this point forward. Let the others take the risk an aggravation.