PSA complete through dates stalled

[55koufax]

Yesterday I went to PSA and my REP told me they are just about caught up with the early 2021 BULK SUBS.....that said, they still have 225 of mine that were dropped off MAR, 2021. They are almost done, and I p/u'd about 500 others from MAR, 2021 that were recently completed.

He told me PSA made ZERO profit and just breaks even from my MAR 2021 subs and the same type of profit holds true for everyone's last BULK SUBS that got in under $10 per. in early 2021...

Those days are long gone...

[chadeast]

Originally Posted by 55koufax

Yesterday I went to PSA and my REP told me they are just about caught up with the early 2021 BULK SUBS.....that said, they still have 225 of mine that were dropped off MAR, 2021. They are almost done, and I p/u'd about 500 others from MAR, 2021 that were recently completed.

He told me PSA made ZERO profit and just breaks even from my MAR 2021 subs and the same type of profit holds true for everyone's last BULK SUBS that got in under $10 per. in early 2021...

Those days are long gone...

I don't know how that could be true unless their economics have significantly changed in two years. They were happy grading hundreds of thousands of cards bulk at < $10 for many years, and the registry exists because of it. If those days are long gone then the registry's days as the supposed driver of PSA's dominance in the market are going to come to an end as well. And perhaps they realize that and have decided that they are OK with it.

[Snowman]

Originally Posted by 55koufax

He told me PSA made ZERO profit and just breaks even from my MAR 2021 subs and the same type of profit holds true for everyone's last BULK SUBS that got in under $10 per. in early 2021...

Those days are long gone...

I agree that those days are long gone, but I call bullshit on them claiming they can't profit at $10 per card. Graders look at them for less than 1 minutes each, and the aggregate time spend per card for receiving, research, QA, and shipping has to be less than 5 minutes in total for bulk subs, and most likely less than 2 or 3 minutes per card average. There's no scenario whatsoever that this doesn't cover their costs.