New SGC grading fees

[botn]

Originally Posted by oldjudge

Correct me if I am wrong, but I believe SGC guarantees the grade on their card. The potential liability from grading a very valuable card is much higher than the potential liability from grading a $25 card. That, and the cost of insuring the card while in their possession is also higher. I'm sure this explains at least part of SGCs cost structure.

Both PSA and SGC have a guarantee on their grades however neither company buys back as many cards as they should however SGC is probably better at honoring their guarantee. I know they cannot possibly be worse than PSA in this regard. Anyway, if the graders are doing their job then there should be no reason to have to offer a guarantee on their opinions.

[1952boyntoncollector]

has anyone on this board ever enacted the PSA guarantee and was compensated?

[Dpeck100]

Originally Posted by 1952boyntoncollector

has anyone on this board ever enacted the PSA guarantee and was compensated?

I purchased a card from a collector/seller that had a wrinkle that was either missed or happened during the sealing process. I worked with him and PSA and he was compensated fairly. It stunk for me because it was a Pop 1 PSA 9 and I sold my other highest copy as it was being mailed to me. A real bummer.

[buymycards]

Originally Posted by botn

Both PSA and SGC have a guarantee on their grades however neither company buys back as many cards as they should however SGC is probably better at honoring their guarantee. I know they cannot possibly be worse than PSA in this regard. Anyway, if the graders are doing their job then there should be no reason to have to offer a guarantee on their opinions.

1st question - If these companies guarantee their grades, what happens if I send in a card and it grades a 2, and later on I sell the card and someone else sends it in and it grades a 7, shouldn't I be compensated for the difference in value because it was graded too low to begin with? I am pretty much just joking, but it is an interesting concept.

2nd question - PSA's Collectors Club requires an annual fee. Is SGC's Gold Club fee an annual fee or just a one time fee? I can't find the info on their website.

Rick

[bnorth]

Originally Posted by buymycards

2nd question - Is SGC's Gold Club fee an annual fee or just a one time fee? I can't find the info on their website.

Rick

It is a yearly subscription.