SGC is cranking on recent subs....WOW!!!!!!!

[dio]

I think their plan might be to to increase the normal price and reintroduce the membership and bulk sub deal

[chadeast]

Originally Posted by dio

I think their plan might be to to increase the normal price and reintroduce the membership and bulk sub deal

If that's the case, they should have announced all of the changes at once. This is clearly a reactionary move to PSA's announcement. It's what 2nd rate companies seem to always do, across all industries. Market leaders are leaders because they show initiative and pave their own path forward.

[Oscar_Stanage]

Originally Posted by chadeast

If that's the case, they should have announced all of the changes at once. This is clearly a reactionary move to PSA's announcement. It's what 2nd rate companies seem to always do, across all industries. Market leaders are leaders because they show initiative and pave their own path forward.

they posted a page long announcement on the website. they massively expanded their business and should be able to handle the peak daily submissions seen over the year with a 20-day turnaround. if not, they may raise prices again. it sounds like they want to use price to control submissions.

[dio]

Looks like they continue to expand. Aiming at 6k card per day by end of the year.

[frankbmd]

Originally Posted by dio

Looks like they continue to expand. Aiming at 6k card per day by end of the year.

Gosh, I'm sure PSA will grade over 6000 cards today and have them returned to their rightful owners by the end of the year as well.

I wonder if it's possible to write off depreciation on cards held captive by a TPG for over 12 months.

Name three other companies that provide a service that takes over 6 months to perform, or 9 months, or 12 months.

I'll take a crack at the question to get it started

6 months - Snow plowing per annum in northern climates not susceptible to global warming.

9 months - Obstetrics where the end result almost always gets delivered in 9 months.

12 months - PSA where their calendars have the year removed so that express service can be delivered in days.

[chadeast]

Originally Posted by Wid_Conroy

they posted a page long announcement on the website. they massively expanded their business and should be able to handle the peak daily submissions seen over the year with a 20-day turnaround. if not, they may raise prices again. it sounds like they want to use price to control submissions.

I hadn't read that statement yet. Now that I have, I'll admit that I was overly harsh in what I wrote. I am rooting for SGC. I can see now why they've done this, but unfortunately it hurts the world of graded set building tremendously. It was a stretch to grade commons at the previous prices, even with specials, and this new change does not bode well for the future. Perhaps grading commons & building graded sets will become a thing of the past, and only valuable cards will be graded, but I don't think that SGC wants to see this happen.

I'll hold out hope that as the business stabilizes, there will be specials / bulk sub deals made available so that grading common cards makes any kind of sense again.

[Oscar_Stanage]

Originally Posted by chadeast

I hadn't read that statement yet. Now that I have, I'll admit that I was overly harsh in what I wrote. I am rooting for SGC. I can see now why they've done this, but unfortunately it hurts the world of graded set building tremendously. It was a stretch to grade commons at the previous prices, even with specials, and this new change does not bode well for the future. Perhaps grading commons & building graded sets will become a thing of the past, and only valuable cards will be graded, but I don't think that SGC wants to see this happen.

I'll hold out hope that as the business stabilizes, there will be specials / bulk sub deals made available so that grading common cards makes any kind of sense again.

no one could have been ready for this surge in business... they had 7 employees!!! and they took all their cash flow and invested into the business. now as we sit here, SGC can actually handle the business volume. PSA and BGS basically did nothing to improve the model other than raise prices and give you 8 month wait times.
I do not understand why everyone is not using SGC from here on. And, a minor detail but they are the best and most consistent at the core competency of grading.

[dio]

Originally Posted by Wid_Conroy

no one could have been ready for this surge in business... they had 7 employees!!! and they took all their cash flow and invested into the business. now as we sit here, SGC can actually handle the business volume. PSA and BGS basically did nothing to improve the model other than raise prices and give you 8 month wait times.
I do not understand why everyone is not using SGC from here on. And, a minor detail but they are the best and most consistent at the core competency of grading.

SGC care about the customers, I do hope they can hire more than enough people then able to offer monthyly/quarterly/membership special for lower end bulk/set collector to grade the commons

[ullmandds]

Originally Posted by Wid_Conroy

no one could have been ready for this surge in business... they had 7 employees!!! and they took all their cash flow and invested into the business. now as we sit here, SGC can actually handle the business volume. PSA and BGS basically did nothing to improve the model other than raise prices and give you 8 month wait times.
I do not understand why everyone is not using SGC from here on. And, a minor detail but they are the best and most consistent at the core competency of grading.

I agree with much of what you said here. SGC has been much more consistent than PSA with their grades over the years. It's strictly the registry and marketing that have created this brainwash amongst collectors/investors that PSA is the king of all TPG'ers. I mean you can't dispute the return from PSA vs others...but It's irrational...imo!

I DO prefer PSA's case as compared to SGC though...give me a psa case with a black background and id be happy.

[TobaccoKing4]

I'm wondering if it may be worth it for SGC to make a 'SGC Modern' division and use a differently styled holder to try to cheaply and efficiently rebrand for the modern market. They are just as capable of graders as PSA, and BGS. They also have a phenomenal customer service team - Brent always gets back to me quickly (even if it's with answers that I don't like ). I feel like SGC has backed themselves into a corner as being a Pre-war grading company and that they'll be stuck that way as long as they keep their black holders for modern cards (even though I personally love them).