Bulk Sub Specials - Group Sub Specials ???
bowlarama
Posts: 169 ✭✭
Does anybody know if there are dealers that are able to submit bulk group subs presently at a discount rate? I know this service has been suspended for individuals but I was hoping that there were dealers out there that could offer this service. I have about 150 vintage cards that I wanted to get graded for my registry sets, but most are NM commons and minor stars that I can't justify the grading expense right now
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no , they can not submit either
The minute they open it up at reasonable rates they will get thousands of subs.
Everyone I know has 100+ cards waiting.
I know. So how do they do this?? I think people are simply going to wait it out. If they come down to my level I will have 100-200 cards to submit. If the price does not fall far enough I will not submit. I think tons of people are of the same mindset. It's like a chess match and PSA will have to make the move for many of us. We shall see.
I am thinking they limit the amount an account can submit at one time?
Is this going to cause a spike in the value of PSA 7-8 vintage commons OR is it going to hurt the PSA set registry as guys get tired of waiting to submit?
won't people find loopholes if this were true? Submit cards under their mom and dad's name, maybe their kids names...and if group subbers will still be able to submit tons of cards, people would just send cards to group subbers...I agree that there will be millions of cards that would be subbed in the first week they offered a $25-30 price, so not sure what a good answer is...but if PSA opens another facility, maybe they feel they can handle a large number of card submissions
What are those millions of cards that are worth subbing at $30 bucks? This is a serious question. Sure it is cheaper than now but most cards pre-2010 still aren’t worth it. I see people subbing to sgc at $30 during the shutdown and then selling for less than grading because the cards had no business being graded at that price level in the first place. maybe it is just the I NEED to grade mindset that will create the flood
I have 500 to 1000 Marvel cards I will gladly submit at $25-30 a card, plus hundreds of Jordans....if I can turn $30 into $150 or more, I have no issues with that...I have thousands of cards I would submit at $30...Luka rookies, Iverson rookies, McGrady rookies, Acuna rookies, early Kobes, Shaq rookies, hundreds of Brady cards from 2000's (check how much any PSA 10 Brady goes for) -- there are many people like me who have millions of cards and it isn't hard to find cards that are worth decent money when the cost is $25-30 per card...
There will be 2 different tiers. For the modern stuff the price you see now probably won’t change much. For the vintage stuff (1800’s to 1980’s) will probably go back close to what it was pre pandemic. PSA prides themselves on the registry which is mostly done by vintage collectors. If they can’t get the price down for vintage the registry will crash cause all the set builders and team builders will give up cause it just won’t be worth it.
that's thousands , takes a bit to get to the millions. not saying it won't happen but will be interesting if those cards remain profitable as there needs to be more and more buyers to keep the prices up if millions of jordan's keep getting submitted. 1990 fleer jordan's are already unprofitable in 9 at 30 bucks, what happens with another million submitted? sure the 10's are still profitable but those are starting to get squeezed as well
I know nothing about marvel so I am not going to comment but I believe you.
the other thing I think of is you have 500-1000 that you will gladly submit. that's 30K in grading fees plus the cost of cards. to jsut get to 1M cards in this scenario, that's 1000 people spending 30K in grading fees at a pop consistently. is that sustainable?
all just probing questions but the so call flood has to shake out eventually as the hobby market would need to keep expanding at incredibly high annual rates that just don't seem likely when looking at any type of historical data
PSA will have to carefully manage submissions as we move to the $100, $50, and lower price tiers in 2022 and beyond. Will PSA continue to hire and train new staff, and expand output? At some point, this explosion will settle down, but not anytime soon. I can see a limit on submissions per account per year just to even the playing field and give everyone an opportunity to submit cards.
Its an interesting dynamic at work. I know there are fears Economy subs wont come back either at all or be at the price some need it to be to justify submissions. I am concerned cause I too have been thinking, man I have so much value in raw cards now. If it could be as low as $20 maybe I submit 500. $30 maybe 300. And of course most of us are probably kicking ourselves for the stuff we did not submit at $10 to $12. Maybe I could have done 1000 there. That was why I checked in today. Is it coming back?
At the end of the day, its just basic business and economics. A guy at a show scared me by suggesting why would they go back to economy when they are busy grading cards at $150. So its a decision. Do you want to make less money and get great profit margin? Or do you want more money/profit? The latter seems to be the way most people operate. Its not great business to leave money on the table even if it is lower margin business. Clearly there is a LOT of money to be made on cards where they charge 15 to 30 dollars. They used to do it at 5.50 to 10.
I truly believe demand wont go away or decrease substantially anytime soon. There is just so much interest in the older stuff from the nostalgic angle and then so so much new product that is being created. Pokemon alone could have the same amount of submissions that baseball football basketball and hockey had years ago.
So I think it just comes down to something similar to Coca-Cola. You acknowledge people like your soda, you open more factories and make more bottles until everyone who wants one has one in their hand. Instead of charging $15 per bottle and stifling demand with high prices. Produce all that you can sell to maximize returns. Is it more challenging for card grading? Definitely. It would not happen overnight. But are there people capable of grading cards in LA, Chicago, Washington D.C. and Dallas? Absolutely. It would just take time to ramp up. So I think that is the direction. Like any company, if it stopped being good business, you stop renting the space, etc.
I think this whole market that is developing because PSA is not grading economy is flawed. I do not want to submit to SGC because why pay $30 to get 30 to 40% of the card's value in a PSA 10 holder. It can be the same card just super cheap. So yes, I will buy someone elses but not good business for them. Before Judy and Todd's Card Slab Company gets too many customers, I think the situation corrects itself. Its PSA's business. No reason to give it away. Think they just need to ramp up with office space and staff for that month when they reopen Economy and get as they said previously a tidal wave of submissions. Maybe start it at $50 and be surprised at how much comes in. Then wait a couple months then 40, then 30. Maybe 20 to 25 please.
all fair points/questions -- but keep in mind, right before the price increase earlier this year, PSA got over 600k cards in one day -- one day. So yes, when prices go back down, there will be millions of cards that will be submitted -- not in the first week, maybe, but in the first month or 2 for sure.
p.s. I personally wouldn't be submitting my thousands of "submittable" cards right away. I would do a big chunk here and there over the next few years
very true but right before the shutdown prices for anything had soared , those same jordan's that are now unprofitable were fetching 5X what they are now. it pulled a lot of stuff out of the woodwork. also the expansion in capacity at psa is unprecedented
there will clearly be a rush but will it be a "tsunami" and for how long. we can all dream of some sort of normalcy. lol