PSA Regular Subs back @ $100 per card.
ElvisP
Posts: 1,066 ✭✭✭
Will be limited.
0
ElvisP
Posts: 1,066 ✭✭✭
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More excited about Value coming back "mid-2022", I wonder how limited that will be?...
That’s different than what was originally announced, although I never saw an official announcement by PSA. Initially it was said that you would have to go through a submission service. This sounds much better although there wasn’t much information about how the “queue” and “allocation” process will work.
Ignore the last sentence of my last post. I just went and read the full article on the blog. I had only read the email before.
So after reading the blog and all of the FAQs here are my thoughts on Regular: If you have a card valuable enough to justify grading it at the regular level ($100), just spend $50 more and get the card back in about a month. Initial reports stated that regular was going to have a turnaround time of 3-4 months. I think most cards fall into 2 categories: Over $1,000 and Under $1,000. Anything I own that’s over $1,000 is going express or higher. Anything under I’m just going to wait for lower pricing to become available. Me personally I’m not submitting any cards for a $100 fee, unless I plan to sell that card. Any cards I want for my PC I will just go buy it already graded that way I know for sure what the grade is. This is just my opinion and I’m sure others view it differently. It’s great that PSA is making progress towards reopening service levels, I just don’t believe this particular service level is all that beneficial from a customer standpoint. When it gets to $75 and under I will get excited.
Yet another solid kick in the 'nads to registry collectors
It's the singer not the song - Peter Townshend (1972)
Blog post for this announcement:
https://blog.psacard.com/2021/12/10/regular-submissions-will-resume-this-month/?utm_source=email&utm_medium=marketingemail&utm_campaign=email-psa-return-regular-svc-2021dec10
Nic
Guides Authored - Graded Card Scanning Guide PDF | History of the PSA Label PDF
Hang in there, Jimmy!
Curious about the rare, mysterious and beautiful 1951 Wheaties Premium Photos?
https://forums.collectors.com/discussion/987963/1951-wheaties-premium-photos-set-registry#latest
well with the slow down in the market and only certain cards holding there on, grading is a no go for me. I rather buy from the stacks coming back with people trying to recoup grading costs. A lot of people will be seeing negative "investment" results on their 1990 Fleer Jordan and 2020 Prizm Lebron submissions, and will promptly exit the hobby. I just have to hold out for submission prices to come back to earth so I can submit for my personal collection.
Besides certain blue chip cards I have seen a massive fall in demand and in prices realized for both graded and raw cards. This is via both shows and online sales. This is not a gloom and doom pronouncement. I definitely would not mind a return to sanity in this market. Very few cards warrant a $100 price tag to grade for a 3-4 month turn around, especially needing a 10 to turn a decent profit. The market is entirely too volatile for that.
most of the 1990 Jordans coming back were submitted at $12 to $20 level, so PSA 10s are surely far from a negative investment, no? I know a good number of the ones I submitted I got in collections for pennies on the dollar, so I am only in to each Jordan for $15 on average, including grading...so even PSA 9s are not "negative"
I guess there are certain ways to look at it. yes a 10 is profitable but the 10 8's that come along with it surely are negative. The other side is it isn't easy. So much flooded the grading doors because it was easy money. once it gets to be a little work and you aren't doing it because you like collecting and the cards , I suspect those guys exit. I also suspect a lot of guys jumped into the grading line with actual costs into the cards. Much different than many of the people here on the board
Completely agree. I am buying up late 80s and early 90s baseball 9s and 10s for just over the grading fees. I don’t know if it’s so much people dumping them to recoup costs or if it’s that so many have come back at this point that it’s brought prices way back down. Supply and Demand….I have certainly been adding some good cards to my Set Registry!
I still have 4 value vintage orders to receive back , some received about 1 year ago. I would like to submit pins and coins for my vintage registry sets but that won’t be happening until value pricing becomes available
unless you paid the run up money on the box. PSA 9s are close to $35 now for a 1990 Fleer.... with a big down arrow. If you are one of the investors who bought these boxes for over $100 you are very far negative, especially after fees and shipping. Plus there are probably 1000 sitting at PSA now, how do you like the long term prospects of 9 and 10 prices. My example is speaking of the newbie investor / flippers not the long time subbers who had cards like this sitting around for decades at no cost.
As a casual observer and not sending cards in....................
Are the days of $5/card gone- like- forever?
$100/card seems unsustainable and will likely be a driving force for higher prices in cards less than $500, I'd think.
$5 was gone before the pandemic craziness. I can see $10-15 coming back eventually though
Once the back log is completed, the eventual goal for PSA is to get the bulk orders to a reasonable value in the $10-20 range with specials and etc. For now, I will wait and be patient for most likely another year.
I’m hearing that between some massive crypto losses (on margin) and recent card market trends it will be buyers market in 2022. Question. Is, what to buy?
Kiss me twice.....let's party.
I wouldn’t buy new unless it is serial numbered or autographed. I checked the pop report today on a 2018 Topps Chrome #193 Ronald Acuña Jr. PSA 10….8,746!!! Tomorrow it’s likely to be 8,850! Right now his cards are still holding value and had he not gotten hurt they would probably be a little higher but I can’t imagine they have the same value a year from now. I could be completely wrong but the supply has to overtake demand at some point.
Piggybacking on the above comment....Speaking on only a baseball card market, I'm wondering how the lockout will eventually affect the baseball card market. I can only imagine that if it goes into the regular season, baseball will lose fans, which will ultimately make current players prices go down.
Sometime in February the Jordan cards will start going up again. It has for the last three years.
At that point the 1990 fleer psa 9 will be at $75 and the 10's back to $750.
Hopefully it will be easier to find the stuff I am looking for. That has been my issue as much as the pricing. I used to just try and sub it myself but that is too high stakes for me at the moment.