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Competition is good for the customers and collectors. It allows prices to be low, grading times to be faster. It allows difference in slabs styles and diversity. As some mentioned and I think it's a great point, I doubt PSA will crossover the same grade from SGC. |
With this news I expect by May submissions to SGC to be down 30-50%.
Who would submit now after hearing this? |
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Ray what you said I agree with you I’m just trying to play the other side and see what the other side is thinking. Not trying to argue just trying to get the other view too. Let’s see what other say but I do agree with the drop off, probably sadly happening. |
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I don't think anything drastic will happen in the short term and SGC will continue to grade cards as SGC, and so long as that is the case, I will continue to submit to SGC. I have no aversion to acquire new cards in SGC slabs just because there is a question mark if SGC slabs will remain around for the long term. I have cards in old GAI slabs and old SCD slabs, even though those companies are long gone. I am not invested in the PSA registry and I am not OCD enough so as to be averse to having different slabs in my collection. I will also continue to submit to Beckett. I like their slabs and trust their grading, based on my own personal experiences.
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Well, he $eemed pretty happy. |
PS......I hate hate hate PSA's oversized slabs. If Collectors does phase out SGC slabs, I do hope that at least they adapt some version of them for oversized cards.
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My first reaction was the opposite... |
The last time I spoke to SGC, at a National, they told me that Dave F was behind the curtain grading cards. Think about that for a minute.
Do I really need to say anything else? ps... I think this bodes very well for CGC too... Quote:
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It might be time for me to give CGC a try. |
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Looked like a hostage video...if said hostage had just gotten paid a lot of money to "just shut up and do as you're told". https://media1.tenor.com/m/MYZgsN2TDJAAAAAC/this-is.gif |
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‘I’ve got a bad feeling about this.” Han Solo.
Me too. |
With this news, I am also curious to see how many SGC cards are in future big auctions. Will it have an impact?
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I just sent in 28 cards to SGC!
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BREAKING NEWS: Fanatics just bought PSA !!!
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Sent from my SM-S906U using Tapatalk |
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Dammit! You're already contributing to the backlog. Turnaround time just went from 2 weeks to 3 months. ;) |
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Do you think this will drop prices of SGC slabs at all? PSA has always had a slight premium, but maybe the gap increases.
As an SGC guy, this may be an opportunity to look at buying more in the coming year. I’ve always liked how quick SGC’s turnaround was and great service. Interested to see how that plays out with collectors. |
Aesthetics have always been the driver for me, which I think SGC's black slabs are significantly better for. Might make me rethink this going forward...
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I guess Dave Foreman just couldn't resist a big payday. Stuff and MONEY trumps all.
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If you want to file an anti-trust/monopoly complaint here’s how: https://www.justice.gov/atr/complaint-center
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The practical consideration for me is that in the very near future I doubt cards that PSA rejected as minsize will subsequently get a number grade at SGC.
Minsize is way up at PSA (possibly thanks to the technology a fellow board member brought there) but easily 90% of my PSA rejects get a number at SGC. If said technology is shared with SGC that kills that avenue. |
Meanwhile...
I'll just continue to collect and admire my raw cards. |
There may be two positives that come out of it, the SGC Registry brought back with new capital infusion(or they might go with a combined PSA/SGC Registry) AND crossovers may be much easier to get done as they now have no reason to "hate" on the host holder.
All of these posts are speculative and we really have no idea how it will turn out for the the companies or the consumers, only time will tell. |
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+1 A combined pop report would be nice as well. Sent from my iPhone using Tapatalk Pro |
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If you're worried, it's easy enough to stop buying SGC cards. Less clear what to do if you own a lot, particularly in the prior versions of the flip. Best course probably not to panic.
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I say stay the course and wait to hear how it plays out, then decide. I will say that I do have trepidation in buying SGC slabs right now, but that could change when new information comes out. |
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Rumor on Blowout that Nat is also looking to sell Goldin Auctions.
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Hmmm, would have thought he'd use SGC to funnel more vintage cards through Goldin, just like he does with PSA. IMO, Goldin isn't going to be worth nearly as much without the PSA connection. |
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From Jeff L: "Dave doesn’t work in the Peace Corps, he runs a business and has a family. And there have been plenty of times he could have sold SGC but didn’t because he didn’t want to leave SGC customers holding the bag. He felt comfortable this time because SGC will largely remain SGC but with improvements that only Collectors can provide. It’s human nature to presume the worst, and some trepidation is understandable. But I don’t believe the sky is falling, I think SGC will become a better version of itself" Well said Jeff, I agree with you 1000%. Mazel to Dave, who held out for years looking for an option that would not leave "SGC customers holding the bag". Another reason I believe this deal will be fine for SGC customers and collectors. |
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Until one of these companies makes an announcement, which will be short on facts, I could see the value of SGC dropping dramatically and submissions being down too. |
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Read what BODA said in the link provided by Peter in this thread, and get back with me on that.
BODA is so valuable to the hobby I would probably let him on this forum regardless of his anonymity. [/U] Quote:
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