Can we have a honest conversation about psa

[mybestbretts]

i have been with PSA, I would say pretty much since the beginning. We as collectors enjoyed the registry and getting cards graded. Then PSA was sold and orders, which I have several still way over a year, were put on the back
burner and are probably being graded by new people hired for practice.
We can not be shown the door anymore then we have. PSA was a place for collectors and now its for investors. Why a company would turn its back on the people that brought you where the company is when you bought it is something I don't understand. If it's one thing I know, its PSA owners company and they can run it any way they want too.
What I wonder about, is why PSA cards are selling in 8,9,10 in mass
on ebay for next to nothing, when grading starts at $50, it makes so sense.
Will I renew my membership when I get my low graded cards guarenteed.
No way.
By PSA

[Exhibitman]

PSA is just a business and the name of the business is money.

Gordon Gekko : It's all about bucks, kid. The rest is conversation.

Seth Davis: I didn't want to be an innovator any more, i just wanted to make the quick and easy buck, i just wanted in. The Notorious BIG said it best: "Either you're slingin' crack-rock, or you've got a wicked jump-shot." Nobody wants to work for it anymore. There's no honor in taking that after school job at Mickey Dee's, honor's in the dollar, kid.

[Peter_Spaeth]

Of course Gordon Gecko also insisted that greed is good. Collectors might not agree.

[DPARK]

It is SGC exclusively for me. As strictly a collector, resale between SGC and PSA is not a consideration. A prefer vintage in tuxedos as well.

[Republicaninmass]

If prices come down to about 25/card, set collecting get back to normal. At 50, for 'exclusive events' it's too much for the market to bear IMO. I dont think alienating the vintage set collectors will benefit psa in the long run. Hoping the bean counters realize this

[Dandor]

PSA is doing the right thing right now and they need to get rid of the backlog. The 85/15 split for backlog/new submissions is actually a great idea. In 5 months from now, when PSA kicks the backlog, grading will cheaper than most people can comprehend in 2023.

Right now PSA/CSG/SGC/BGS are grading 1.2 million cards a month. However, people are only submitting 400,000 cards a month. 800,000 of those cards are PSA/BGS backlogs. SGC/CSG have no backlogs right now and they are at $30/$20 respectively. Even cheaper when you can go SGC at $23 through a bulk submitter or $12 bulk through CSG.

By 2023, the big four grading companies will be grading 1.5 million cards a month or even more. BGS is ready to expand big time and PSA is opening a second location. Unless we see a second 2021 market boom in cards, grading will be ridiculously cheap with amazing turnaround times in 2023. I am not grading until prices go down. I am not a flipper, just a collector. So I am super excited about the future of the hobby for people who like grading as an opinion and a nice way to present our cards.