Based on recent news, are you dumping your graded card collection?

With all the recent news, what does your crystal ball say for impact in 3-5 years?

Part of me feels the hobby is strong enough to learn, recover and move forward with this being an educational moment.

Another part of me feels that if the FBI gets involved and they uncover the worst case scenario, it can decimate the entire grading industry.

Getting ahead of the curve and dumping now, then moving into another area (BBCE boxes, CGC comics, etc.) might be a shrewd move, but it could save 10s of thousands in the long run.

How will you be managing your collection?

Based on recent news, are you dumping your graded card collection? 32 votes

Yes, dumping my graded cards and getting out forever. This will change the industry forever.
3% 1 vote
No, it is short-term issue and will actually make the hobby stronger.
50% 16 votes
Yes, dumping graded cards and moving into other areas of collecting, such as comic, sealed boxes, etc.
6% 2 votes
Who cares - it is just a hobby! Stop being paranoid!
40% 13 votes
Joe

We had this janitor named Mr. Larry. He was held back so many times, they just made him a janitor. His trick was to come in while you're at the urinal and pee over you.

Comments

  • DBesse27DBesse27 Posts: 651 ✭✭✭✭
    edited June 1, 2019 10:59AM

    None of the poll choices fit me. I thought briefly about dumping, I’m not, but not because I believe either that it’s short term or that it’ll strengthen the hobby.

    Yaz Master Set
    #1 Gino Cappelletti master set
    #1 John Hannah master set

    Also collecting:
    1964 & 68 Venezuelan Topps
    1974 Topps Red Sox
    Patriots team HOFers
    Andre Tippett

  • doubledragondoubledragon Posts: 1,619 ✭✭✭✭
    edited June 1, 2019 11:13AM

    I would never give up the hobby I love because of this situation. Card collecting is more than just a hobby, it's a lifestyle. Nothing could ever make me stop collecting, except maybe my wife holding a pair of pliers, but outside of that, nothing will ever keep me from enjoying this hobby.

  • Dpeck100Dpeck100 Posts: 10,141 ✭✭✭✭✭

    None of the poll choices fit me so no vote.

    Answer to question hell no. Got lots of cards on deck ready to grade.

  • SdubSdub Posts: 732 ✭✭✭

    If your just figuring out now that hucksters have been doctoring cards for centuries, then you should stay out of this great hobby. Be aware of what your buying and the risks involved, and admit to yourself that there are lots of slabbed vintage cards in all grades that have been "conserved" from ALL the TPG's. And most importantly, if you can't afford to have your slabbed card lose half it's value or more, then put your money somewhere else. Just my two cents.

    Collecting PSA 9's from 1970-1977. Raw 9's from 72-77. Raw 10's from '78-'83.
    Collecting Unopened from '72-'83; mostly BBCE certified boxes/cases/racks.
    Prefer to buy in bulk.
  • SpinFadeSplash23SpinFadeSplash23 Posts: 813 ✭✭✭

    Some of these reactions are eye opening. Thanks for posting.

    Joe

    We had this janitor named Mr. Larry. He was held back so many times, they just made him a janitor. His trick was to come in while you're at the urinal and pee over you.
  • erikthredderikthredd Posts: 3,658 ✭✭✭✭✭
    edited June 1, 2019 11:58AM

    Most of my graded collection is from subbing my own raw cards that I spent hours upon hours comparing and searching thru ebay listings until I found the right card that I would be happy with regardless of what grade PSA eventually gives it. I don't grade often but when I do it's mostly just to get those handpicked cards slabbed & preserved. I have no plans to stop collecting entirely because of what's been going on but I can understand where many people are unhappy with everything and don't blame them for losing faith in that market while deciding to get out now.

    Eric

  • sportscardtheorysportscardtheory Posts: 1,783 ✭✭✭
    edited June 1, 2019 11:59AM

    This is an atrocious poll. The options are just stupid. No option for me. I won't be buying anymore PSA or BGS graded cards because their process is clearly the antithesis of what they claim to do, ie it's a complete failure of mission statement. I'll dump a lot of my graded stuff and keep some PC stuff for regrading when there is a trustworthy TPG option.

  • 1970s1970s Posts: 3,058 ✭✭✭✭✭

    Got out of graded cards years ago because of all the uncut sheets that flooded the market through the mastronet auctions. I knew many of those would find their way into holders, and they did. But I do still collect graded, but not as much as I used to. Much smaller now. But when I do buy graded cards, I look for properly sized cards in scans, and cards that are not 1/16th inch smaller. There are MANY beautiful, unaltered cards resting in PSA 9 and 10 holders that are absolute beauties. You just have to know which ones are good, and which ones aren't. Just think of how many beautiful 1952 Topps cards are in PSA 9 holders that came from the Mr. Mint Massachusettes find. There are many MINT vending and wax beauties resting in holders today that are absolutely 100% good. Just keep your eye out for the short cards in holders. TPG has not done a good enough job with this.

  • ahopkinsahopkins Posts: 837 ✭✭✭✭

    It's just a hobby. I collect cards to get away from stress, not to incur it.

    Andy

  • CommemKingCommemKing Posts: 2,137 ✭✭✭✭✭

    Did I miss something? I haven't heard any troubling news. Post me a link or something please.

  • perkdogperkdog Posts: 18,994 ✭✭✭✭✭

    I stopped buying graded cards a while ago, it had a lot to do with being able to enjoy my cards more in raw form and not stressing about resale value. Inconsistent grading didn’t help matters much either, regardless of what comes of this new “Epidemic” I think the hobby will drive on

  • hyperchipper09hyperchipper09 Posts: 1,092 ✭✭✭

    Nope. Collector only. Though I am a bit disappointed, though not shocked, by what appears to be systemic collusion between a few parties in pursuit of the almighty dollar while also conning buyers and collectors. But that happens anytime big bills are involved.

  • sportscardtheorysportscardtheory Posts: 1,783 ✭✭✭
    edited June 1, 2019 12:39PM

    @ahopkins said:
    It's just a hobby. I collect cards to get away from stress, not to incur it.

    You and those like you are exactly who these criminals prey upon. You empower them.

  • doubledragondoubledragon Posts: 1,619 ✭✭✭✭

    You wouldn't know there's any trouble. I just lost an auction on Ebay for a PSA Joe Louis card. We fought like animals at the end for it. I got stomped.

  • nam812nam812 Posts: 9,393 ✭✭✭

    This is a silly poll that assumes everyone knows what "news" you re talking about.

  • ahopkinsahopkins Posts: 837 ✭✭✭✭

    @sportscardtheory said:

    @ahopkins said:
    It's just a hobby. I collect cards to get away from stress, not to incur it.

    You and those like you are exactly who these criminals prey upon. You empower them.

    I'm going to take the high road on this one. Thanks for your insightful evaluation.

    Andy

  • AFLfanAFLfan Posts: 326 mod

    This one is already heading down a path I don't care for, so I am going to wrap it up here.

    Todd Tobias
    PSA Employee & Grateful Collector
    I focus on autographed American Football League sets, Fleer & Topps, 1960-1969, and vintage lacrosse cards.
This discussion has been closed.