BGS Turnaround Time: Up to One Year

swarmee · #1 08-28-2018, 05:50 PM

https://www.blowoutforums.com/showth...155093&page=23

Read the whole thread and it will feel like its unfolding.

Dpeck100 · #2 08-28-2018, 07:17 PM

OMG I just read through that thread and it is shocking.

I always knew Beckett found itself in a tough spot once they lost so much market share to PSA and had their subscription business collapse in the early to mid 2000's but this is very serious.

Not only does is say they are tying submitters money up the entire time which is north of a year at this point, there is also no communication. There are definitely plenty of collectors who have and love BGS graded cards but this kind of reputational damage can really be an issue for any company. They can't afford to lose their hard core BGS fans at this point.

This is going to be very interesting to follow as the length of wait has been consistently growing so it doesn't necessarily have to stop at 12 months.

I am not in anyway privy or even suggesting BGS goes under right now but if they did what happens to your cards? Would they be easy to get back? Sounds scary.

Peter_Spaeth · #3 08-28-2018, 07:39 PM

Quote:

Originally Posted by Dpeck100

OMG I just read through that thread and it is shocking.

I always knew Beckett found itself in a tough spot once they lost so much market share to PSA and had their subscription business collapse in the early to mid 2000's but this is very serious.

Not only does is say they are tying submitters money up the entire time which is north of a year at this point, there is also no communication. There are definitely plenty of collectors who have and love BGS graded cards but this kind of reputational damage can really be an issue for any company. They can't afford to lose their hard core BGS fans at this point.

This is going to be very interesting to follow as the length of wait has been consistently growing so it doesn't necessarily have to stop at 12 months.

I am not in anyway privy or even suggesting BGS goes under right now but if they did what happens to your cards? Would they be easy to get back? Sounds scary.

One would think this must be having a drastic effect on new submissions so the problem should self-correct, if they survive that is

Dpeck100 · #4 08-28-2018, 07:41 PM

Check out this thread. Yikes.

https://www.blowoutforums.com/showthread.php?t=1231475

swarmee · #5 08-28-2018, 07:48 PM

Yeah, that seems like an isolated incident. That's why I didn't cross-post it. But I agree with the guys that said it's odd that someone would submit so many expensive 1/1 superfractor autos as bulk submission RCRs. If the cards are worth $500+ each, splurge for an actual slab and not a cardsaver with a sticker on top.

Dpeck100 · #6 08-28-2018, 07:58 PM

I can't speak to the proper way to submit at the National for a quick turn around but I do think it is just additional evidence things are not going well from an operational standpoint with them.

I would be so pissed off if I sent in cards to a company and they charged me upfront and we are now past 12 months and they still have my cards.

If they were to go BK you would have very little chance of getting the grading fees back and I would honestly be petrified about getting the cards. To a lot of us that submit cards for grading many of them you can't easily replace and in some cases ever so it isn't just a monetary issue.

swarmee · #7 08-28-2018, 08:12 PM

True, the taking the funds for a year and "holding cards hostage" thing is crazy. Surprised there hasn't been a class action lawsuit yet. It's not like all these major submitters aren't either on here, blowout, or CU.
COMC stopped submitting to BGS months ago.

Orioles1954 · #8 08-29-2018, 11:01 AM

Quote:

Originally Posted by swarmee

Yeah, that seems like an isolated incident. That's why I didn't cross-post it. But I agree with the guys that said it's odd that someone would submit so many expensive 1/1 superfractor autos as bulk submission RCRs. If the cards are worth $500+ each, splurge for an actual slab and not a cardsaver with a sticker on top.

What's an RCR?

rats60 · #9 08-29-2018, 11:18 AM

Quote:

Originally Posted by Orioles1954

What's an RCR?

Raw card review. Instead of slabbing the card they put it in a card saver with a sticker over it. It costs ~10.00. They can do it at shows or card shops and not have to carry their equipment all over the country.

swarmee · #10 08-29-2018, 08:29 PM

Quote:

Originally Posted by Orioles1954

What's an RCR?

If your card is graded by RCR, it's a little cheaper than full slabbing. If you get your card back at a show and immediately submit it for full grading (at the full grading price, so paying almost double...) you are nearly guaranteed to get the same grade. Once you take it away from the table, the grade is no longer guaranteed. So it's sort of useful, but not very useful.
And when you can get your cards graded by PSA in a bulk special for cheaper, it makes almost no sense.

AGuinness · #11 08-28-2018, 10:51 PM

Quote:

Originally Posted by Dpeck100

Check out this thread. Yikes.

https://www.blowoutforums.com/showthread.php?t=1231475

There's mention of a "cleaner," which seems to be people sending cards to a person who uses microfiber and wax to clean cards before submitting (and also possibly gets paid something for the service?). Is that common? Seems a little strange to me, but I don't dabble in the high-end modern market.

ramram · #12 08-28-2018, 11:28 PM

Boy, the real pressure is actually on the Topps, Bowman, etc production line employees to put out perfect cards...or.....maybe not. Maybe they get a tiny bit sloppy with most of their products and only get �gem mint� with a limited number on purpose. Heck, maybe the quality control guy pockets a few of those for himself.

Rob M

Dpeck100 · #13 08-29-2018, 06:11 AM

Quote:

Originally Posted by AGuinness

There's mention of a "cleaner," which seems to be people sending cards to a person who uses microfiber and wax to clean cards before submitting (and also possibly gets paid something for the service?). Is that common? Seems a little strange to me, but I don't dabble in the high-end modern market.

I have no clue. Sounds very possible. There seem to be a lot of tricks out there to boost a cards appearance.

hcv123 · #14 08-29-2018, 08:19 AM

This thread sheds some light on the PSA backlog........

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