Collectors (PSA) Acquired SGC

parkplace33 · #1 02-29-2024, 08:56 AM

I had some talks with a few collectors friends this morning. Many are sadden with this decision. And I don't believe PSA will cross SGC cards at the current SGC grade.

I like SGC cards, but I am now very hesitant to buy them right now until I hear additional information about this buyout. It will be interesting to see what impact this has on SGC cards in the future.

Leon · #2 02-29-2024, 08:58 AM

Unless Nat starts grading cards himself, I think this is a postive for the hobby. I think CGC will move up too...
.

The Detroit Collector · #3 02-29-2024, 09:07 AM

Quote:

Originally Posted by Leon

Unless Nat starts grading cards himself, I think this is a postive for the hobby. I think CGC will move up too...
.

Respectfully I disagree.
Competition is good for the customers and collectors.
It allows prices to be low, grading times to be faster. It allows difference in slabs styles and diversity.
As some mentioned and I think it's a great point, I doubt PSA will crossover the same grade from SGC.

BobbyStrawberry · #4 02-29-2024, 09:45 AM

Quote:

Originally Posted by Leon

Unless Nat starts grading cards himself, I think this is a postive for the hobby. I think CGC will move up too...
.

Why do you think that, Leon?

My first reaction was the opposite...

Leon · #5 02-29-2024, 09:52 AM

The last time I spoke to SGC, at a National, they told me that Dave F was behind the curtain grading cards. Think about that for a minute.

Do I really need to say anything else?

ps... I think this bodes very well for CGC too...

Quote:

Originally Posted by BobbyStrawberry

Why do you think that, Leon?

My first reaction was the opposite...

Peter_Spaeth · #6 02-29-2024, 09:53 AM

One man's take from Blowout/BODA.

https://www.blowoutforums.com/showpo...6&postcount=37

bnorth · #7 02-29-2024, 10:21 AM

Quote:

Originally Posted by Peter_Spaeth

One man's take from Blowout/BODA.

https://www.blowoutforums.com/showpo...6&postcount=37

LOL, isn't that pretty much how every single company in the history of time has worked?

Peter_Spaeth · #8 02-29-2024, 10:30 AM

Quote:

Originally Posted by bnorth

LOL, isn't that pretty much how every single company in the history of time has worked?

There are some uncomfortable truths in this business. Card doctoring and bidding shenanigans are endemic. Many are ignorant, turn a blind eye, or don't care. In the end, stuff prevails.

BobbyStrawberry · #9 02-29-2024, 10:13 AM

Quote:

Originally Posted by Leon

The last time I spoke to SGC, at a National, they told me that Dave F was behind the curtain grading cards. Think about that for a minute.

Do I really need to say anything else?

ps... I think this bodes very well for CGC too...

Hmm, yes that's troubling.

It might be time for me to give CGC a try.

Lorewalker · #10 02-29-2024, 02:41 PM

Quote:

Originally Posted by Leon

The last time I spoke to SGC, at a National, they told me that Dave F was behind the curtain grading cards. Think about that for a minute.

Do I really need to say anything else?

ps... I think this bodes very well for CGC too...

If the rumors are true about Dave, then doesn't that suggest he is more equipped to detect alterations than just about anyone? I cannot see how SGC's acquisition will be good for the collectors in the long run but the hobby is not about collectors any longer, as someone posted earlier.

Until one of these companies makes an announcement, which will be short on facts, I could see the value of SGC dropping dramatically and submissions being down too.

Leon · #11 02-29-2024, 02:55 PM

Read what BODA said in the link provided by Peter in this thread, and get back with me on that.
BODA is so valuable to the hobby I would probably let him on this forum regardless of his anonymity.

[/U]

Quote:

Originally Posted by Lorewalker

If the rumors are true about Dave, then doesn't that suggest he is more equipped to detect alterations than just about anyone? I cannot see how SGC's acquisition will be good for the collectors in the long run but the hobby is not about collectors any longer, as someone posted earlier.

Until one of these companies makes an announcement, which will be short on facts, I could see the value of SGC dropping dramatically and submissions being down too.

Peter_Spaeth · #12 02-29-2024, 03:12 PM

SGC has been very open about the fact that their principals and employees can submit their own. People just don't seem to care, as long as those turnaround times are solid.

Lorewalker · #13 02-29-2024, 04:31 PM

Quote:

Originally Posted by Leon

Read what BODA said in the link provided by Peter in this thread, and get back with me on that.
BODA is so valuable to the hobby I would probably let him on this forum regardless of his anonymity.

[/U]

Your comment was about Dave being in the grading room.

My point was not if it is good to have a guy with Dave's rep owning a grading company but might not be had having someone who has Dave's rep as a grader.

Fuddjcal · #14 03-01-2024, 12:07 PM

Quote:

Originally Posted by Leon

The last time I spoke to SGC, at a National, they told me that Dave F was behind the curtain grading cards. Think about that for a minute.

Do I really need to say anything else?

ps... I think this bodes very well for CGC too...

oh, oh,

Gorditadogg · #15 02-29-2024, 11:42 AM

Quote:

Originally Posted by Leon

Unless Nat starts grading cards himself, I think this is a postive for the hobby. I think CGC will move up too...

.

Yes. I was surprised that CGC grades more cards than SGC currently.

Sent from my SM-S906U using Tapatalk

calvindog · #16 02-29-2024, 11:48 AM

Quote:

Originally Posted by Gorditadogg

Yes. I was surprised that CGC grades more cards than SGC currently.

Sent from my SM-S906U using Tapatalk

TCG cards like Pokemon. That's mostly what they grade.

Johnny630 · #17 02-29-2024, 09:01 AM

Quote:

Originally Posted by parkplace33

I had some talks with a few collector friends this morning. Many are saddened by this decision. And I don't believe PSA will cross SGC cards at the current SGC grade.

I like SGC cards, but I am very hesitant to buy them right now until I hear additional information about this buyout. It will be interesting to see what impact this has on SGC cards in the future.

Great Point….. however this morning after speaking with several prominent collectors and owners of major SGC Cards, aren’t you responsible for a business when you acquire it aren’t you going to be responsible for their grades and their standards? I was told by these fellow collectors they believe lawsuits are going to occur if they do not back up the product that they bought. What are your thoughts on that?

My question to you is will you and the hobby as a whole still submit going forward to SGC?

If SGC continues to grade the high volume of cards monthly that they have been if people still have confidence and send them cards to grade, they will stay separate. If that drops off and drops off drastically, I believe PSA will take over the full grading aspect of SGC, what are your thoughts on that?

RayBShotz · #18 02-29-2024, 09:07 AM

With this news I expect by May submissions to SGC to be down 30-50%.
Who would submit now after hearing this?

Lucas00 · #19 02-29-2024, 09:11 AM

Quote:

Originally Posted by RayBShotz

With this news I expect by May submissions to SGC to be down 30-50%.
Who would submit now after hearing this?

I expect them to jump drastically in the short term as opposed to dropping. People want their cards graded by Sgc before any dumb changes take effect. Procrastinators with old labels, PC cards etc.

Zan · #20 02-29-2024, 09:19 AM

https://www.instagram.com/reel/C374_...F0ZmIyM3pjbQ==

4815162342 · #21 02-29-2024, 09:30 AM

Quote:

Originally Posted by Zan

https://www.instagram.com/reel/C374_...F0ZmIyM3pjbQ==

Well, he $eemed pretty happy.

Svabinsky78 · #22 02-29-2024, 09:37 AM

PS......I hate hate hate PSA's oversized slabs. If Collectors does phase out SGC slabs, I do hope that at least they adapt some version of them for oversized cards.

D. Bergin · #23 02-29-2024, 10:21 AM

Quote:

Originally Posted by Zan

https://www.instagram.com/reel/C374_...F0ZmIyM3pjbQ==

Looked like a hostage video...if said hostage had just gotten paid a lot of money to "just shut up and do as you're told".

Svabinsky78 · #24 02-29-2024, 09:28 AM

I don't think anything drastic will happen in the short term and SGC will continue to grade cards as SGC, and so long as that is the case, I will continue to submit to SGC. I have no aversion to acquire new cards in SGC slabs just because there is a question mark if SGC slabs will remain around for the long term. I have cards in old GAI slabs and old SCD slabs, even though those companies are long gone. I am not invested in the PSA registry and I am not OCD enough so as to be averse to having different slabs in my collection. I will also continue to submit to Beckett. I like their slabs and trust their grading, based on my own personal experiences.

Johnny630 · #25 02-29-2024, 09:19 AM

Quote:

Originally Posted by RayBShotz

With this news I expect by May submissions to SGC to be down 30-50%.
Who would submit now after hearing this?

Because you�re a collector and you want what�s good for the industry and the hobbyist not just the investor and the guy who�s all about the quick flip I thought most of this board really were collectors and loved SGC maybe I�m wrong.

Ray what you said I agree with you I�m just trying to play the other side and see what the other side is thinking. Not trying to argue just trying to get the other view too. Let�s see what other say but I do agree with the drop off, probably sadly happening.

bnorth · #26 02-29-2024, 09:27 AM

Quote:

Originally Posted by Johnny630

Because you�re a collector and you want what�s good for the industry and the hobbyist not just the investor and the guy who�s all about the quick flip I thought most of this board really were collectors and loved SGC maybe I�m wrong.

Ray what you said I agree with you I�m just trying to play the other side and see what the other side is thinking. Not trying to argue just trying to get the other view too. Let�s see what other say but I do agree with the drop off, probably sadly happening.

I seriously doubt the majority of people that own pictures of young athletic men in uniforms actually care. Most of the guys I email and trade with will not care in the least.

jjbond · #27 03-01-2024, 11:08 AM

I would assume that PSA looked at SGC's #s, and felt that they were on track to take a larger % of the market. Financially, it would make sense then to buy out SGC and close them down, if the cost of doing so was less than the market share loss they were projecting.

D. Bergin · #28 03-01-2024, 11:46 AM

I don't think there's going to be a mixed registry, or even a registry on the horizon. At least in the somewhat near-term.

People who send their stuff to SGC obviously don't really care about a registry to begin with. They just want accurate-ish grades, a quicker turnaround, and semi-attractive holders.

I think 1st things 1st, is the search engine for the pop report needs to be cleaned up. Just looking through the T206's while submitting, there can be multiple choices for the exact same card, while not even offering a choice on the various back variations within each brand that has them.

Can be even more confusing with many of the more obscure tobacco sets.

I don't know how much money PSA paid for SGC, but if most that was said is to be believed, hopefully there's language in the contract that forbids PSA from disappearing the brand or even many of it's practices from existence.

I've also just sent in 21 cards to SGC that I've been procrastinating on for awhile. Nothing to knock your socks off, but the announcement kind of motivated me to get it done. Figured I'd already dragged my ass on them for awhile...didn't want to give PSA 6 more months to drag their ass on them on top of that.

I have a hard time believing PSA spent a lot of money just to disappear SGC and alienate a load of vintage collectors in the process. Many who have no interest in losing contact with their cards for months (much, much longer in the not so distant past) on end, and likely wouldn't get a lot of their cards graded otherwise.

Whatever market share SGC has...PSA isn't going to just get it, simply by doing things the way PSA has always done things. SGC got most of that market share by doing certain things different from PSA to begin with.

A lot of collectors will just as soon keep most of their lower grade/value stuff raw, or in whatever holders they already reside in.

BobbyStrawberry · #29 03-01-2024, 11:50 AM

Quote:

Originally Posted by D. Bergin

I've also just sent in 21 cards to SGC that I've been procrastinating on for awhile. Nothing to knock your socks off, but the announcement kind of motivated me to get it done.

Interesting - I have a stack that I was planning to send them but this news changed my mind. They will either remain raw or go to CGC, for now at least.

D. Bergin · #30 03-01-2024, 12:19 PM

Quote:

Originally Posted by BobbyStrawberry

Interesting - I have a stack that I was planning to send them but this news changed my mind. They will either remain raw or go to CGC, for now at least.

I was on the CGC/CGS bandwagon in the beginning, but they really lost me with their flip-flopping early on. I've got a bunch of those green flips I feel like I just wasted my money on.

They changed their name, changed their holders, supposedly changed their grading standards.

Just can't picture putting a T206 in one of their holders. Newer stuff yes, but not vintage.

I probably like CGC's product better then PSA, but if PSA could just figure out how to drastically improve their turnaround time, they would probably put a nail in the coffin of the sports card division of CGC.

calvindog · #31 03-01-2024, 12:30 PM

If you have any interest in maximizing the value of your cards, how can you use CGC? I'm asking seriously. It's like throwing money away if you expect to sell your cards someday.

bcookie · #32 03-01-2024, 09:03 PM

I just looked at the PSA grading "specials" for the month..

I have not been a PSA member in 10+ years, boy how the fees and turnaround times have changed.

I sure hope SGC stays the same, I cant imaging paying $15 bucks a card and waiting 2+ months to get the card back

Directly · #33 03-01-2024, 11:02 PM

Will SGC cards loose their value, will buyers even want the SGC graded cards or offer pennies on the dollar? -will future SGC submissions cease to exist, is this the ultimate plan -?? confused in the Show Me State.

vintagebaseballcardguy · #34 03-02-2024, 08:01 AM

Quote:

Originally Posted by Directly

Will SGC cards loose their value, will buyers even want the SGC graded cards or offer pennies on the dollar? -will future SGC submissions cease to exist, is this the ultimate plan -?? confused in the Show Me State.

No, SGC cards won't lose their value and be valued at pennies on the dollar. It's not like this company went out of business or did something terrible. They were purchased. Those with SGC cards don't need to panic. It's still about the cards, not the holders they might be in. Relax and enjoy the cards.

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