And with that, I am out of the grading game.

Leon · #1 06-11-2022, 09:46 AM

The demand won't cool because people are greedy and want to make more money. Money is always the answer...
I think my last submission was 5+ yrs ago. I would only submit under an extraordinary circumstance.... Maybe if I sell a card like this one as it might raise it's value...but then I am going to CSG. I trust them more than the others at this point. PSA would be a close second.
.

yanks87 · #2 06-11-2022, 09:49 AM

Quote:

Originally Posted by Leon

The demand won't cool because people are greedy and want to make more money. Money is always the answer...
I think my last submission was 5+ yrs ago. I would only submit under an extraordinary circumstance.... Maybe if I sell a card like this one as it might raise it's value...but then I am going to CSG. I trust them more than the others at this point.
.

Don't sell that card, it is perfect as it is. I agree with CSG, they seem to be a better bet than anyone else now, but I am late to the "why grade it" party, so I guess that makes me cheap, and a slow learner. This has been a very eye opening Saturday morning for me.

swarmee · #3 06-11-2022, 10:38 AM

This is not the cheapest PSA will get. They're just throttling down slowly so they don't get slammed with 10 million cards to start a new backlog. They're attempting to determine yield based on what they allow to be graded.

It's kind of like college admissions. You have space for 10,000 freshmen in dormitories in the fall. You only accept 10,000 students, and only 3,000 show up to campus, because the other 7,000 go to other colleges. You accept 50,000 and 17,000 show up. You have to predict your yield rate so that you have the right numbers in the future.

They are grading about 1 million cards a month now. So they're trying to figure out the formula to properly get sent 1 million cards a month long term, knowing that there are all kinds of years, values, stars/commons, etc that are sitting in bins waiting until it makes sense for the owners to send in for grading. They can't reopen $20 until they've exhausted demand at $30.

If you want to grade with PSA, just keep waiting.

jingram058 · #4 06-11-2022, 12:31 PM

I have to wonder, other than t206 Wagner, 33 Goudey Ruth, and 52 Topps Mantle buyers who are incredibly wealthy, at the top of the pyramid at this time, who is buying cards in this economy? Certainly not many married people trying to survive. Only someone who is very wealthy is able to play this game. Joe Average can't, and be able to live too. And I think that a high percentage of regulars on this forum are just that, very wealthy. Not griping, not jealous, or any of that. Just perception. Thus the hobby for these folks is selling, buying and trading very expensive cards that most people simply cannot afford.

Johnny630 · #5 06-11-2022, 03:39 PM

Quote:

Originally Posted by jingram058

I have to wonder, other than t206 Wagner, 33 Goudey Ruth, and 52 Topps Mantle buyers who are incredibly wealthy, at the top of the pyramid at this time, who is buying cards in this economy? Certainly not many married people trying to survive. Only someone who is very wealthy is able to play this game. Joe Average can't, and be able to live too. And I think that a high percentage of regulars on this forum are just that, very wealthy. Not griping, not jealous, or any of that. Just perception. Thus the hobby for these folks is selling, buying and trading very expensive cards that most people simply cannot afford.

James I full agree with your sentiment. To me we are in a Two Totally Different Card Market World’s. Blue Collar Middle Class Collector Guys and White Collar Investor/Collector Guys. The latter has all the control thus TPG’s cater to them. It’s very smart on PSA to not lower their pricing at this time the demand is till there at much higher levels still. $50 and $100 and up.

JollyElm · #6 06-11-2022, 04:21 PM

Let's not forget that making it only for cards from 1996 and newer means the actual grading aspect of the process will be as simple as possible.

I obviously have no data to back this up, but my guess would be that way over 90% of the cards submitted will come back 8s, 9s and 10s. Modern card collectors would remove any 'money' cards from packs and immediately put them right into toploaders, keeping them untouched and pristine for the ages. Wear? What wear? We don't need no stinkin' wear!!!

It's free money for the grading behemoth. Just put every card in a PSA 10 slab and be done with it. Ka-ching!!!

jingram058 · #7 06-11-2022, 04:29 PM

Thanks Johnny, totally agree. And apologies for getting off topic.

Johnny630 · #8 06-11-2022, 04:38 PM

Quote:

Originally Posted by jingram058

Thanks Johnny, totally agree. And apologies for getting off topic.

Your Welcome :-) no need to apologize you make very good points sir.

refz · #9 06-16-2022, 04:23 PM

Quote:

Originally Posted by jingram058

I have to wonder, other than t206 Wagner, 33 Goudey Ruth, and 52 Topps Mantle buyers who are incredibly wealthy, at the top of the pyramid at this time, who is buying cards in this economy? Certainly not many married people trying to survive. Only someone who is very wealthy is able to play this game. Joe Average can't, and be able to live too. And I think that a high percentage of regulars on this forum are just that, very wealthy. Not griping, not jealous, or any of that. Just perception. Thus the hobby for these folks is selling, buying and trading very expensive cards that most people simply cannot afford.

I�ll be the first to own up to the reality, I don�t think I can afford to get back into the vintage hobby (happily married, children, out growing our current home). I personally was blown away by prices the last few years and am very grateful for what I still own. I�ve been fishing believe it or not, it�s the cheapest hobby still to date!

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