Peter Steinberg leaves SGC

[Rich Klein]

It's official and noted on the SGC FB page

https://www.facebook.com/search/top/?q=SGC

[Rich Klein]

https://www.instagram.com/p/DMfnLyWuiPL/?img_index=1

[Lorewalker]

Does not come as a surprise.

[jjbond]

Ugh. I've still been hoping SGC will stick around, as there are numerous financial reasons to do so:
- keeping SGC loyalists
- value in a known brand
- having a "competitor" in the market
- perhaps even specializing, with a "PSA Vintage" line run through SGC, and a "PSA Modern" line run through PSA
- potential to give customers the option of regular PSA cases or tuxedo cases

But...now there's more issues about why SGC might not stick around:
- SGC bought by PSA's parent company
- PSA moved into the SGC warehouse in FL
- SGC dropping bulk submitter discount rate
- SGC submissions down, processing time up
- SGC head resigning

That being said....I'm still hopeful? I mean, maybe this is all just growing pains to set up a new business plan??

[Neal]

Originally Posted by Lorewalker

Does not come as a surprise.

Exactly

Sent from my SM-G998U using Tapatalk

[4815162342]

PSA President Ryan Hoge on the Future of SGC in a post Peter era.

https://youtu.be/rT-jvT2l-VQ?si=Ef2S6DoXL2KluQ4p

[jtq81]

If I'm Beckett or CGC I'm going after Peter right now.

[Johnny630]

SGC slab and grading isn't going anywhere because PSA won't cross their cards as the same grade. Too many rich, powerful, influential collectors own Big time 6 Figure Cards in SGC Slabs. The highest-selling Mantle 9.5 and T206 Wagner.

[Lorewalker]

Originally Posted by Johnny630

SGC slab and grading isn't going anywhere because PSA won't cross their cards as the same grade. Too many rich, powerful, influential collectors own Big time 6 Figure Cards in SGC Slabs. The highest-selling Mantle 9.5 and T206 Wagner.

I don't think Nat is considering the investment some people have in SGC holders. That cannot have a bearing on business decisions he is going to make for Collectors' future.

In my opinion if Nat does away with the SGC brand, I do not see how that will impact Collectors' bottom line. I think more people than we might think will cave in and submit to PSA instead. Those that don't will have no impact on Collectors.

Personally speaking, I would hate to see the SGC brand vanish.

As for the Hoge interview, I clearly heard some things that were entirely contradictory which suggests to me we that he was not being transparent/honest...but that is business.

[Johnny630]

Originally Posted by Lorewalker

I don't think Nat is considering the investment some people have in SGC holders. That cannot have a bearing on business decisions he is going to make for Collectors' future.

In my opinion if Nat does away with the SGC brand, I do not see how that will impact Collectors' bottom line. I think more people than we might think will cave in and submit to PSA instead. Those that don't will have no impact on Collectors.

Personally speaking, I would hate to see the SGC brand vanish.

As for the Hoge interview, I clearly heard some things that were entirely contradictory which suggests to me we that he was not being transparent/honest...but that is business.

If it’s the right collectors, which it probably is the ones that have the major big Cards if he wants to Nix SGC slabs and stop grading as SGC he might cross those specific cards. I don’t know. I think SGC grading is here to stay and not going anywhere. That’s just me.

[raulus]

Originally Posted by Johnny630

If it’s the right collectors, which it probably is the ones that have the major big Cards if he wants to Nix SGC slabs and stop grading as SGC he might cross those specific cards. I don’t know. I think SGC grading is here to stay and not going anywhere. That’s just me.

Tough to cross a 9.5 to PSA!

[FromVAtoLA]

Paul was interviewed on the first 10-15 minutes of today's Sports Card Nonsense podcast. He confirmed SGC will be scaled down and turned into a "boutique" grading company. They'll stay small in scale and preserve faster turn-around times. They'll continue to maintain vintage grading capabilities. Their slab cross-overs will only be maintained for cards with $25k-$50k+ in value.

[Lorewalker]

Originally Posted by FromVAtoLA

Paul was interviewed on the first 10-15 minutes of today's Sports Card Nonsense podcast. He confirmed SGC will be scaled down and turned into a "boutique" grading company. They'll stay small in scale and preserve faster turn-around times. They'll continue to maintain vintage grading capabilities. Their slab cross-overs will only be maintained for cards with $25k-$50k+ in value.

Until Collectors scales them down even further. I wish Collectors had never bought them but I do not believe for a minute that Collectors keeps SGC as a going concern as a goodwill gesture to the SGC faithful. It is 100% clear Collectors is not investing into the brand, Ryan Hoge made that incredibly clear, despite what was suggested after they bought them and some "insiders" posted here.

[Rhotchkiss]

Originally Posted by FromVAtoLA

Their slab cross-overs will only be maintained for cards with $25k-$50k+ in value.

What does this mean?

[FromVAtoLA]

Originally Posted by Rhotchkiss

What does this mean?

For a while they were offering a complimentary service to see if your card could cross over at the same grade. That was too popular so they charge a fee now and the pricing is geared towards high end cards. It’s around the 12 min mark.

[Rhotchkiss]

Originally Posted by FromVAtoLA

For a while they were offering a complimentary service to see if your card could cross over at the same grade. That was too popular so they charge a fee now and the pricing is geared towards high end cards. It’s around the 12 min mark.

Thanks!

[Brent G.]

If they decide to cut the SGC brand, I gotta think they'd offer a PSA Amnesty submission deal for all existing SGC slabs -- say $25, even crossover. They can sell it as, "We've examined decades of SGC encapsulations and wholeheartedly believe the standards applied closely adhere to those of PSA." I have no idea how many SGC slabs exist, but I gotta think they'd take in $100+ million.

[Johnny630]

Originally Posted by FromVAtoLA

Paul was interviewed on the first 10-15 minutes of today's Sports Card Nonsense podcast. He confirmed SGC will be scaled down and turned into a "boutique" grading company. They'll stay small in scale and preserve faster turn-around times. They'll continue to maintain vintage grading capabilities. Their slab cross-overs will only be maintained for cards with $25k-$50k+ in value.

There we go big guys with big money cards talk and others walk.

[brunswickreeves]

PSA is reallocating some SGC graders to cover PSA submission demand (in fact executing their 2026 staffing strategy now). Does it stand to reason then that SGC graders are viewed as competent as PSA graders? If so, will PSA cross over an SGC graded card into the same PSA grade? Currently that is not a standard practice by PSA.

[raulus]

Welp! Guess I got lucky by staying away from SGC slabs. Mostly dumb luck. Of course, my slabs from the other guys could be next.

[Exhibitman]

Originally Posted by FromVAtoLA

Paul was interviewed on the first 10-15 minutes of today's Sports Card Nonsense podcast. He confirmed SGC will be scaled down and turned into a "boutique" grading company. They'll stay small in scale and preserve faster turn-around times. They'll continue to maintain vintage grading capabilities. Their slab cross-overs will only be maintained for cards with $25k-$50k+ in value.

From my March 8, 2024, post on Substack:

"This acquisition seems to be a true example of a synergistic fit. SGC has a proven brand with a loyal customer base and a record of handling things that PSA does not handle (and that PSA may not want to develop the expertise to handle). It is a niche rival that Collectors can gain from by adding SGC to its empire as a brand and division, not an arch-rival to be destroyed and cut up for parts. My suspicion is that instead of training up the expertise within PSA to compete with SGC by grading the stuff SGC handles, Collectors simply bought SGC because acquiring that expertise and market share was cheaper, like buying an oil company with proven reserves for less than it would cost to explore and find a comparable amount of new oil. I think that in the longer term SGC will become a division of Collectors devoted to the niche stuff that SGC does well."