Does PSA always reholder upon request and always apply the same grade?

sjjs28

Just curious if there is any experiences out there ...
If an individual wanted to reholder an early graded PSA card into a new lighthouse label - would PSA always put the same grade on the card?
Here's what is driving the question - I was going to purchase an early graded PSA 9 card for a set I'm building but upon close inspection I doubt seriously if it would have graded an 8 in this current environment.
So if I made the investment would they slab it in a 9 - no questions? Or reach out to me and say they couldn't reholder it and return it? Or would they offer compensation to take the card out of circulation? Or something else?
Any thoughts?

Unknown

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DBesse27

@MLBdays said:
Send it in for re-holder and they will honor the grade .... and they certainly would not re-holder it and lower the grade without conferring with you 1st.... In that case you could decline the re-holder ....BUT ITs rare for that to even occur. The re-holder service should not include a regrading of the card..... ex. If you send in a PSA 9 for re-holder they will not upgrade it into a PSA 10 holder unless you specify REVIEW..... the REVIEW instigates a grading. RE-HOLDER is a breakout and re-encapsulation without a review....that is my sincere understanding.

My understanding as well.

JoeBanzai

You better call PSA first!

I think they have the option of lowering the grade (if it is deemed the card is too overgraded) and then giving you the money difference. You could end up with a 7 and some cash......or worse.

Don't believe for ONE MINUTE you will get a call if they are going to drop the grade. They are too busy to be contacting submitters for stuff like this.

This has come up on the boards before. I don't think it happens too often, but it might be a possibility.

If the current holder is not damaged, why bother?

ElvisP

I don't see how they could change the grade because they use the same certification number, correct. If that is the case then every re-holder is a review which the sender is not paying for so I don't think this happens of course I could be wrong.

Desert_Ice_Sports

Here's my understanding...

• If they deem the grade to be acceptable and the holder to be intact, they'll reholder it without an issue.

• If they deem the card to be egregiously overgraded (and the holder to be intact), they'll buy the card back from you for market value and take it out of circulation.

• If the holder is intact, but damaged, they'll send you an email explaining that, if there's damage to the card upon removing it from the holder, it will be regraded and returned to you with the new grade... This will happen every time with cracked holders.

• If they deem that the grade of the card doesn't meet current standards (or is counterfeit) because the holder has been tampered with, they'll remove it from the holder, but obviously won't reholder it... they'll send the card back to you raw, accompanied by a letter explaining the situation.

waxman2745

@Desert_Ice_Sports said:
Here's my understanding...

they'll buy the card back from you for market value and take it out of circulation.

which market value?
SMR?
VCP?
average of PSA completed sales listed on their website?

There is so much fluctuation in sale price for cards. What if you paid $3,000 for a PSA 9 where the average sale price is $2,500, only to have it regraded an 8 upon reholdering, and they give you $2,500 minus the average price of a PSA 8. You are still technically out of $500.

Reholdering seems to be a very risky option.

Edit: I quoted @Desert_Ice_Sports because he was the first to mention "market value" in this thread, but this question is directed at anyone who can shed some light on this definition of "market value".

Desert_Ice_Sports

"Edit: I quoted @Desert_Ice_Sports because he was the first to mention "market value" in this thread, but this question is directed at anyone who can shed some light on this definition of "market value"."

It's my understanding is that it's PSA's determination of 'market value'... Currently, they're using the 'Auction Prices Realized' to determine market value for submissions, so I'd assume it's that... This has never happened to me, so I could be wrong.

PROMETHIUS88

@waxman2745 said:

which market value?
SMR?
VCP?
average of PSA completed sales listed on their website?

There is so much fluctuation in sale price for cards. What if you paid $3,000 for a PSA 9 where the average sale price is $2,500, only to have it regraded an 8 upon reholdering, and they give you $2,500 minus the average price of a PSA 8. You are still technically out of $500.

Reholdering seems to be a very risky option.

Edit: I quoted @Desert_Ice_Sports because he was the first to mention "market value" in this thread, but this question is directed at anyone who can shed some light on this definition of "market value".

Question is, why would you pay over average sale price for a PSA 9 that doesn't look like a 9??

waxman2745

@PROMETHIUS88 said:

@waxman2745 said:

Question is, why would you pay over average sale price for a PSA 9 that doesn't look like a 9??

Personally I wouldn't, but I was just trying to think of a scenario that could happen. I was thinking of the 1971 Mays in PSA 9 for example. At one of the peaks (2015-2016), it was selling for $6,000+. One month after a $6k sale in 2017, there was a $5k sale. Last month there was a $14k sale. The price is all over the place. So, what is "market value"? Is it the average of all sales of this card since 2007?

secretstash

@waxman2745 said:

@PROMETHIUS88 said:

@waxman2745 said:

Question is, why would you pay over average sale price for a PSA 9 that doesn't look like a 9??

Personally I wouldn't, but I was just trying to think of a scenario that could happen. I was thinking of the 1971 Mays in PSA 9 for example. At one of the peaks (2015-2016), it was selling for $6,000+. One month after a $6k sale in 2017, there was a $5k sale. Last month there was a $14k sale. The price is all over the place. So, what is "market value"? Is it the average of all sales of this card since 2007?

Whatever PSA is willing to pay is my guess on what you would get. If you don't negotiate, you will simply get their first offer.

I wouldn't put much weight into expecting a certain price. Even from Auction Prices Realized since a lot of sales are still unverified.

brad31

PSA has no incentive to downgrade and lose $ by cutting you a check. I would bet the percentage of downgrades is overstated by the word minuscule. This is why I never understand the peace of mind people get by a card with an old cert being in a new holder.

JoeBanzai

@brad31 said:
PSA has no incentive to downgrade and lose $ by cutting you a check. I would bet the percentage of downgrades is overstated by the word minuscule. This is why I never understand the peace of mind people get by a card with an old cert being in a new holder.

I am sure it seldom happens.

The question asked by the OP was about what they ALWAYS did on a re-holder.

If they did discover an altered card when re-holdering, they should take that card out of circulation, the same would go for a grossly overgraded card. That's kind of what TPG companies are supposed to do, if I am not mistaken.

The OP was a little unclear, but said he didn't think the card was a 9.

PaulMaul

“Please note: All items will be automatically reholdered UNLESS (1) the sonic weld on the PSA case shows signs of tampering or (2) the PSA case is fractured over the item itself. If the case is fractured over/near the item, it will be examined raw to ensure it has not sustained damage and that the original grade is still valid.”

JakeR2234

Kind of on this topic so I figure I'll ask here- If I have a cello pack with no label of a star showing (obviously clear to see) on front or back, will the reholdering service add that designation to the new label if requested?

Vagabond

@waxman2745 said:

@Desert_Ice_Sports said:
Here's my understanding...

they'll buy the card back from you for market value and take it out of circulation.

which market value?
SMR?
VCP?
average of PSA completed sales listed on their website?

There is so much fluctuation in sale price for cards. What if you paid $3,000 for a PSA 9 where the average sale price is $2,500, only to have it regraded an 8 upon reholdering, and they give you $2,500 minus the average price of a PSA 8. You are still technically out of $500.

Reholdering seems to be a very risky option.

Edit: I quoted @Desert_Ice_Sports because he was the first to mention "market value" in this thread, but this question is directed at anyone who can shed some light on this definition of "market value".

When I sent it some cards to be reviewed a few years back, once of the cards they noticed looked like someone had tried to put an eraser to one of the borders of a particular vintage card. I couldn't tell but they assured me it had been done and they didn't catch it when it was initially graded.

They certainly did not buy the card for market value at that time. Not sure if things changed today. Kinda sucked because it was worth quite a bit more than from when I had originally purchased it. They asked me where I got it from and that they needed a letter from the dealer who sold the graded card to me to say as "proof" that he sold it to me and for what price he sold it to me for. The dealer I believe had no idea as well.

PSA then reimbursed me for the price I had purchased the card for two years prior (which I personally didn't think was fair since the error came from their side but whatever....) and then the rep even asked if I wanted the card back (although it would be cracked out). Of course I wanted it back lol. I got a check in the mail in about a week or so. As for the card, it was still beautiful. I ended up listing it raw on eBay with the altered flip they PSA sends stickered on the card saver and the full disclosure so the buyer knew what to possibly expect if they would try and submit it. It would still be great for a set builder. The card ended up selling pretty decent and at least I still was able to make some money off the card.

The card was so darn beautiful that part of me wishes I had never sent it in for a review because I would have never known otherwise as well. I wish I still had that card today. Oh well.

It was a 1956 Willie Mays PSA 8

DBesse27

@JakeR2234 said:
Kind of on this topic so I figure I'll ask here- If I have a cello pack with no label of a star showing (obviously clear to see) on front or back, will the reholdering service add that designation to the new label if requested?

Yes.

JakeR2234

@DBesse27 said:

@JakeR2234 said:
Kind of on this topic so I figure I'll ask here- If I have a cello pack with no label of a star showing (obviously clear to see) on front or back, will the reholdering service add that designation to the new label if requested?

Yes.

Thanks!

grote15

@JakeR2234 said:
Kind of on this topic so I figure I'll ask here- If I have a cello pack with no label of a star showing (obviously clear to see) on front or back, will the reholdering service add that designation to the new label if requested?

Yes, if you request it on the submission form. PSA will actually note any player on the flip if you request it on the submission form.