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#1
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Collectors (PSA) Acquired SGC
Companies will remain separate per Darren Rovell tweet.
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BST h2oya311, Jobu, Shoeless Moe, Bumpus Jones, Frankish, Shoeless Moe again, Maddux31, Billycards, sycks22, ballparks, VintageBen (for a friend), vpina87, JimmyC, scmavl, BigFanNY Last edited by Schlesinj; 02-28-2024 at 08:52 PM. |
#2
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Unfortunate, no good things for collectors will come of this.
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#3
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The hobby has not been about collectors for a long time. Investors, influencers, big businesses, breakers, you tubers, card doctors, pumpers, guys with t shirts ill-defined jobs and multiple devices calling each other bro', whatever.
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My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. Last edited by Peter_Spaeth; 02-28-2024 at 09:16 PM. |
#4
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Yup this is big business now and all about profits. Will be interesting to see how this pans out and what Nat has in mind for SGC. If the companies stay separate maybe SGC will be for vintage...I can hope at least.
Either way not sure this is going to be too terrific for collectors, in general, especially the way Nat runs PSA.
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( h @ $ e A n + l e y |
#5
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Guess he finally made Dave an offer he couldn't refuse.
Look forward to the spin by the SGC fans.
__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. |
#6
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__________________
My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. |
#7
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Quote:
Well said bro
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Successful Transactions: Leon, Ted Z, Calvindog, milkit1, thromdog, dougscats, Brian Van Horn, nicedocter, greenmonster66, megalimey, G1911 (I’m sure I’m missing some quality members) |
#8
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My grading priorities are: 1) Cost of service, 2) Look of the holder and card in it, then 3) Turn around time. I suspect if SGC isn’t able to retain its uniqueness in these areas, collectors will flock to an alternative and drive up business of others like Beckett and CGC.
Last edited by brunswickreeves; 02-29-2024 at 06:56 AM. |
#9
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normally I do not mind mergers or buy outs. But the 2 biggest graders owned by the same parent company even if kept separate (for now I am sure down the line it will not stay that way) does not seem good for the collectors or for the industry in general.
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Thanks all Jeff Kuhr https://www.flickr.com/photos/144250058@N05/ Looking for 1920 Heading Home Ruth Cards 1917-20 Felix Mendelssohn Babe Ruth 1921 Frederick Foto Ruth Joe Jackson Cards 1916 Advertising Backs 1910 Old Mills Joe Jackson 1914 Boston Garter Joe Jackson 1915 Cracker Jack Joe Jackson 1911 Pinkerton Joe Jackson Shoeless Joe Jackson Autograph |
#10
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Quote:
https://www.sportscollectorsdaily.co...ed-to-7-years/ https://www.justice.gov/criminal/cri...reg-e-lindberg https://www.insurancebusinessmag.com...me-437531.aspx https://cblife.com/
__________________
Current Wantlist: E92 Nadja - Bescher, Bridwell, Cobb, Donovan, Doolan, Doyle (with bat), Lobert, Mathewson, Miller (fielding), Tinker, Wagner (throwing), Zimmerman E/T Young Backrun - Need E90-1, T216 (all versions) E92 Red Crofts - Anyone especially Barry, Shean, and Evers |
#11
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Great, I laughed with a mouthful of coffee and now have to change my shirt, thanks Pete! That last line is an absolute classic.
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___________________ T206 Master Set:103/524 T206 HOFers: 22/76 T206 SLers: 11/48 T206 Back Run: 28/39 Desiderata You are a child of the universe, no less than the trees and the stars; you have a right to be here. And whether or not it is clear to you, no doubt the universe is unfolding as it should. With all its sham, drudgery, and broken dreams, it is still a beautiful world. Strive to be happy. |
#12
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Was a lot better when the hobby was about older fat con artists, guys with pagers on their waist, wearing big ass gold medallions around their necks, conning 12 year olds at card shows, talking about the Playmate of the Month July 1978. The good old days.
Last edited by Snapolit1; 02-29-2024 at 06:01 PM. |
#13
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Competing businesses benefit the consumer. Although there are potentially some positives, this is a net loss for consumers. Those cheering this deal need to take an Econ 101 course.
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#14
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I have 2 subs for SGC queued up and was going to complete the sub and mail out on Saturday, but now with thus news not sure what to do.
I did find it a bit comical that Peter seemed to praise collectors in his video, but in the past all but criticized the "other guys" when promoting SGC...I guess keeping your job will have that affect. AB InBev, is similar in nature. They purchased Miller Coors a few years ago and both still exist aa separate companies albeit with caveats. |
#15
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It truly is amazing how things have changed over the years. At 64, I liked collecting more before the world-wide web, and all of the above mentioned. Card shows, meeting people, and trading was fun.
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Successful NET54 transactions: robw1959, Tyruscobb |
#16
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This may be the most accurate statement in the history of this forum.
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Harry Wolter collector |
#17
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Thanks Peter! It’s a good video. I am glad it’s now more accessible.
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#18
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Was looking to see if this was an early April Fool’s joke. Clearly it is not! Wow!
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... http://imageevent.com/derekgranger HOF "Earliest" Collection (Ideal - Indiv): 250/346 (72.3%) 1914 T330-2 Piedmont Art Stamps......: 114/119 (95.8%) 1923 V100 Willard's Chocolate............: 180/180 (100%) |
#19
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Hopefully this falls through...
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My Red Schoendienst collection- https://imageevent.com/lucas00/redsc...enstcollection My Baseball Snapshot Photo collection- https://imageevent.com/lucas00/snapshotcollection |
#20
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Oh no! Up go the fees.
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#21
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Quote:
Brian |
#22
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I am surprised it took this long. I heard rumors of this years ago.
I now wonder about the future of SGC. |
#23
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Collectors SGC
This doesn't bode well, does it?
PeterSpaeth- my "spin" has been that I prefer the company that practices customer service and is best at the actual job of grading the cards. I'm guessing you can't wait to gainsay anyone who dares speak, so please just provide that "spin" for the reader, and we can skip to the end. Trent King |
#24
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It will be a couple of years before there is a noticeable change. I cannot fathom that morale at SGC has not been negatively impacted unless they shared the pie. Couple of things could happen:
1. Both entities are allowed to operate independently. 2. Collectors migrates vintage to SGC while keeping the PSA brand for newer cards. 3. PSA swallows SGC, maybe by offering a discounted crossover rate. 4. SGC becomes the "BVG" of the Collectors group. 5. SGC cards are allowed in the Registry. Possibilities are endless! |
#25
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One ring to rule them all, one ring to find them, One ring to bring them all, and in the darkness bind them
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#26
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Does that make Nat gollum or Sauron in our tale?
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Trying to wrap up my master mays set, with just a few left: 1968 American Oil left side 1971 Bazooka numbered complete panel |
#27
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Lol....
I am thinking more like Mr. Potter from it's a wonderful life Last edited by Svabinsky78; 02-29-2024 at 07:13 AM. |
#28
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I was thinking more like Grima Wormtongue
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#29
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Quote:
Most acquisitions start with IT and Finance absorption and move on from there. Over time all things will migrate as PSA works down process inventory at SGC and then swallows it whole. SGC will be a fond memory 24-36 months after a completed deal; maybe sooner.
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Legacy Board Member Since 2009. Hundreds of successful transactions here on Network 54. Buy/Sell/Trade with Confidence. |
#30
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Crazy news. Never would have expected this.
I can't believe there will be two separate slabs continuing long term. Eventually SGC slabs will become PSA. A crossover charge will be added. I dont see how SGC slabs will be included in the registry. The regisity will show both PSA and SGC separately? I don't think that will work. It's probably going to be same business as usual, if you want to go into the PSA registry, you will need to crossover. In the end this gives PSA a huge amount of influence in the hobby. Pricing, grading times. SGC will grade some cards that PSA wont. Makes me question how that will work moving forward.
__________________
Looking for 1930 baguer chocolates Al Lopez 1880-1930s Detroit Tigers 1907 Wolverine News Postcards 1907 Dietsche Detroit Tigers Postcards 1907-1909 H.M. Taylor Detroit Tigers Postcards 1908 Brush Detroit Postcards 1908 Detroit Free Press Postcards 1909 Topping & Co Postcards 1935 M120 Detroit Free Press. 16/18 complete. Need Mickey Cochrane and Tommy Bridges. |
#31
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Quote:
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#32
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Quote:
__________________
Looking for 1930 baguer chocolates Al Lopez 1880-1930s Detroit Tigers 1907 Wolverine News Postcards 1907 Dietsche Detroit Tigers Postcards 1907-1909 H.M. Taylor Detroit Tigers Postcards 1908 Brush Detroit Postcards 1908 Detroit Free Press Postcards 1909 Topping & Co Postcards 1935 M120 Detroit Free Press. 16/18 complete. Need Mickey Cochrane and Tommy Bridges. |
#33
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Another article on the Collectors purchase of SGC
https://www.sportscollectorsdaily.co...ingPc7KnfHG4Rk Sent from my iPhone using Tapatalk |
#34
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While I don’t love this, my gut is it will somehow all work in the end. It usually does. Nothing I can do about it and I will still be collecting cards, so it will be what it be.
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#35
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I do think PSA will eventually fold SGC, like over the next 5 years. By doing so they will eliminate the vintage competition (and some of their modern competition). Vintage and Pre-War collectors won’t have a choice, because who actually submits vintage to Beckett or CGC? They’ll have to submit to PSA. And think of all the money they could potentially make with all the collectors who will cross their old defunct SGC slabs to PSA. And I’m sure they paid a good chuck of change for SGC. Best way to make that money back unfortunately is cut payroll at SGC, sell the parts, and fold the company.
To me it makes little to no sense for them to keep SGC operating. It does for the short term, but not in 5+ years. Let’s hope I’m wrong though. Competition is good for everyone, and you can’t beat the customer service at SGC (at least compared to PSA). I really hope this acquisition doesn’t go through. What’s next, Fanatics acquiring PSA?
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http://www.collectorfocus.com/collection/schneids Last edited by The Nasty Nati; 02-29-2024 at 07:34 AM. |
#36
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Collectors has done a really good job with their acquisition of Goldin I believe the same will occur with their pick up of SGC. Nate Turner and his investment/business team are smart forward-thinking people. I see this as a positive going forward.
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#37
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I'm not an SGC guy (nor a hater really) but I agree w/this sentiment completely.
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#38
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Yes 💯 agree.
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https://www.youtube.com/user/JStottlemire1 I just love collecting, trading and enjoying the hobby. I PC and enjoy pre war iconic cards. I enjoy anything Cobb, Jackson, Ruth and Robinson. |
#39
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I’m surprised PSA never considered making a black slab add on option since a big selling point for SGC was the great look of their black “tux” slab.
All PSA had to do was make their current slab available in also a black color instead of clear and maybe make it cost an extra $2-5. Easy extra revenue.
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http://www.collectorfocus.com/collection/schneids |
#40
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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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#41
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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.
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Check out https://www.thecollectorconnection.com Always looking for consignments 717.327.8915 We sell your less expensive pre-war cards individually instead of in bulk lots to make YOU the most money possible! and Facebook: https://www.facebook.com/thecollectorconnectionauctions |
#42
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Meanwhile...
I'll just continue to collect and admire my raw cards.
__________________
James Ingram Successful net54 purchases from/trades with: Tere1071 (twice), Bocabirdman (5 times), 8thEastVB, GoldenAge50s, IronHorse2130, Kris19 (twice), G1911, dacubfan, sflayank, Smanzari, bocca001, eliminator, ejstel, lampertb, rjackson44, Jason19th, Cmvorce, CobbSpikedMe, Harliduck, donmuth, HercDriver, Huck, theshleps Completed 1953 Bowman color & b/w Completed 1962 Topps *** Raw cards only, daddyo! *** |
#43
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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. Last edited by sb1; 02-29-2024 at 12:24 PM. |
#44
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Quote:
+1 A combined pop report would be nice as well. Sent from my iPhone using Tapatalk Pro |
#45
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If it's not perfectly centered, I probably don't want it. |
#46
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It’s actually a positive thing. In case you haven’t noticed the success rate on crossovers these days is very low. Once they discontinue the holder, which they most certainly do to reduce costs and duplication, you’ll have to either spend a lot of money to crossover and get most probably reduced grades or stop upgrading the set. This will save all of us money. The average Joe will figure this out soon. God forbid your holder gets cracked, scratched, damaged. My SGC sets will probably be frozen in time.
All newly sets or partially graded set will go to PSA. I started this migration 10+ years ago. Also, CSG should buy the rights to the old SGC holder, but make it tamper-proof. I’m really hoping that they will finally allow a mixed grading company registry set, like they do with coins. Sent from my iPhone using Tapatalk |
#47
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Is PSA going forward not going to Cross at Same Grade as SGC Slabs ? If they’re buying the company aren’t they responsible too? |
#48
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They have different standards and they haven’t in the past when they were competitors. The best thing they could do to keep the people happy is have a mixed registry, not that everyone registers their cards today. Sent from my iPhone using Tapatalk |
#49
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Quote:
It would be ridiculous. Not a chance they will crossover. Maybe offer a discount. Psa MAY slab....the sgc slab. You heard it here first
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"Trolling Ebay right now" © Always looking for signed 1952 topps as well as variations and errors |
#50
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So if Number 4 on the poll happens (Dissolves SGC by absorbing it into PSA and stops making SGC slabs.) people with SGC slabs are gonna be SOL Pissed.
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