Psa - regular submission are back

[Peter_Spaeth]

Originally Posted by Tyruscobb

The market sets the price; not the company. I suspect the market yawned when PSA announced the $150.00 a card grading fee rate, and PSA did not receive its projected submission numbers. Hence, the already lowered price to $100.00. PSA still has a long way to go in further price drops before I submit cards.

Maybe PSA will eventually run a vintage special. Modern basketball and Pokémon cards are the problem. I think I saw that one of Zion’s rookie cards is the card PSA has graded the most. Think about that - In just 3 years, Zion is already the most graded card when PSA has graded cards since the early 1990’s? This shows the tsunami of modern basketball that swamped PSA.

When the modern basketball and Pokémon card bubble bursts we will see further price drops.

In a market in which it has monopoly power, PSA has a lot of control over price. You should check your numbers before asserting they didn't meet expectations at $150. Their submissions are staggering. Their balancing act now, in my opinion, is to reduce price enough not to completely alienate some people, without adding too much to a still massive backlog.

[shagrotn77]

I don't remember seeing anything about PSA dropping their minimum grade option, but I don't see it on the online submission form now. Does anyone know if PSA did away with this? As someone who uses it frequently, I sure hope not.

[Peter_Spaeth]

Q: What happened to minimum grade?

A: As part of PSA’s continuous efforts to improve the PSA backlog, the minimum grade option has been suspended for all card, dual, ticket and pack authentication and grading services. We will make an announcement when the minimum grade option returns.

[shagrotn77]

Originally Posted by Peter_Spaeth

Q: What happened to minimum grade?

A: As part of PSA’s continuous efforts to improve the PSA backlog, the minimum grade option has been suspended for all card, dual, ticket and pack authentication and grading services. We will make an announcement when the minimum grade option returns.

Thanks, Peter. Glad to see that it's not gone for good, but this does seem strange to me. When a card doesn't meet the MG, it doesn't get slabbed. That's LESS work for PSA. I don't see how disabling this option is in any way a way to help clear the backlog . Oh well.

[Peter_Spaeth]

Originally Posted by shagrotn77

Thanks, Peter. Glad to see that it's not gone for good, but this does seem strange to me. When a card doesn't meet the MG, it doesn't get slabbed. That's LESS work for PSA. I don't see how disabling this option is in any way a way to help clear the backlog . Oh well.

I wondered the same when I read that. Maybe it involves more paperwork or something.