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Is the Registry going to die?

It seems to me that if grading fees are going to stay this high, there will a lot fewer submissions to satisfy registry sets. Thoughts?

MG

Comments

  • Mickey71Mickey71 Posts: 3,980 ✭✭✭✭

    @dallasactuary said:
    Assuming current grading prices remain, yes, the registry will die. I believe it was a proper business decision to raise prices when demand far outstripped supply, but at some point, presumably, they will get caught up with their grading backlog and prices should come back down until supply/demand reach a new equilibrium. As long as people are lining up to get graded their pink chrome refractor numbered eyesores of players nobody will remember 10 years from now, though, the grading of actual baseball cards will get put on hold.

    Written perfectly. Vintage could be in trouble as far as the registry is concerned. Who's grading commons from the 50's-70's at $20+ ??

  • jay0791jay0791 Posts: 3,272 ✭✭✭✭

    I enjoyed collecting Yankee team sets. Even at $10-15 on common cards after 1980 are a break even at PSA 9 and a loss at PSA 8. Now Even in PSA 10 a common from 2018 is not worth the grading fee. So, If I cannot complete a team set then I will not work (or buy) any of the cards in those sets. At $50 you can add just about every vintage football, BK, and HK common of most years going back. Odiously I am not referring to very low population commons or vintage sets from the 1950's and before. For me the registry is dead. I will still collect vintage and individual cards.

    The flippers and card profiteers have snubbed out the true collector that is for fun only.

    It is what it is, and I am not blaming PSA for a business decision many feels are warranted.

    Collecting PSA... FB,BK,HK,and BB HOF RC sets
    1948-76 Topps FB Sets
    FB & BB HOF Player sets
    1948-1993 NY Yankee Team Sets
  • 1 1 0102512180 Baseball Cards 1951 Bowman 218 Ed Lopat
    2 1 0102520730 Baseball Cards 1952 Bowman 73 Jerry Coleman
    3 1 0102522410 Baseball Cards 1952 Bowman 241 Mel Parnell
    4 1 0101520570 Baseball Cards 1952 Topps 57 Ed Lopat
    5 1 0101531370 Baseball Cards 1953 Topps 137 John Rutherford
    6 1 0102540810 Baseball Cards 1954 Bowman 81 Jerry Coleman 1.000/.975 Field Avg.
    7 1 0102542240 Baseball Cards 1954 Bowman 224 William Bruton
    8 1 0101551580 Baseball Cards 1955 Topps 158 Tom Carroll
    9 1 0101551990 Baseball Cards 1955 Topps 199 Bert Hamric
    10 1 0101561900 Baseball Cards 1956 Topps 190 Carl Furillo
    11 1 0101630020 Baseball Cards 1963 Topps 2 AL Batting Leaders
    12 1 0101635500 Baseball Cards 1963 Topps 550 Duke Snider
    13 1 EG55000009 Football Cards 2017 Panini Crown Royale 84 Patrick Mahomes II
    14 1 A563010030 Hockey Cards 2001 Russian Ice Young Lions 3 Alexander Ovechkin Young Lions
    15 1 A561010150 Hockey Cards 2001 Russian Ice Dynamo Moscow HC 15 Alexander Ovechkin Dynamo Moscow HC
    16 1 9214390450 Multi-Sport Cards 1939 W.A. & A.C. Churchman Kings of Speed 45 Jesse Owens
    17 1 5165003430 Football Cards 2000 Quantum Leaf 343 Tom Brady
    18 2 9415010010 Golf Cards 2001 Upper Deck Golf 1 Tiger Woods
    19 1 0101612600 Baseball Cards 1961 Topps 260 Don Drysdale

    My name is Marc and I’ve been collecting almost 50 years now. I just sent the above submission in and if some of these don’t at least 7.5 or better, then I just threw $50 in the trash per card. A few are going in to my PC. I’m actually waiting for my Christian Okoye Master and regular sets to be added including autos. I got to know him while at APU where my mom at the time worked in the sports dept. I have pretty much every card of his and some 60 auto’s. I hope someday PSA gets back down to the $10-15 dollar range. Otherwise they’ll just stay raw.

  • JRR300JRR300 Posts: 1,282 ✭✭✭✭

    I just don't see how any new collectors of graded cards will begin collecting sets. just way too expensive for the regular collector. It's a shame on the one side as the number of collectors will dwindle away. On the other hand, those long time collectors have seen their vintage collections rise in value as submissions have basically stopped And a new type of collector has been coming in buying up vintage cards for their portfolios.

  • davin72davin72 Posts: 47 ✭✭✭

    It won’t die if they will just put different prices for different years of cards. Let’s say 1800’s - 1950’s at one price and then 1960’s - 1980’s at another price. Tier it all out and things will be fine. I’m a football collector and everything after 1989 dies off for set collectors. Not sure how it is with the other sports but kinda figure it’s the same. All I can say is they better do something fast before it’s to late.

  • MunnymanMunnyman Posts: 50 ✭✭

    Great idea Davin,

    Hopefully this doesn't fall on deaf ears. This entire industry changed when people started paying ridiculous amounts for brand new graded cards. I think we've all seen those "collectors" at shows opening packs and immediately dropping off 1000s to be graded. I would usually be behind them in line with my 15 vintage cards hoping for an 8 and praying for a 9. I have finished many sets, but have been discouraged to start others because of the prices for commons. I agree 100 percent a tier system would be great and might show loyalty to the customers who have been around for many years.

  • davin72davin72 Posts: 47 ✭✭✭

    Munnyman I think it’s the only way to go to keep the registry alive. I love the fact that I have a bunch of high ranked Steelers sets but it also sucks when I know that I will hold onto them only because I know nobody is going to have anything graded right now because of price. I still want the competition. To me a tier pricing situation should work unless I’m overlooking something. A few months ago PSA sent out a survey and I suggested that. Hopefully they read it and will think about it.

  • 19591959 Posts: 437 ✭✭✭

    I hope you are right. Could be decided by new ownership but It would be foolish (IMO) to discontinue the Registry. But , wow how the hobby??? has changed lately.

  • JRR300JRR300 Posts: 1,282 ✭✭✭✭

    @1959 said:
    I hope you are right. Could be decided by new ownership but It would be foolish (IMO) to discontinue the Registry. But , wow how the hobby??? has changed lately.

    not a hobby anymore, and not even for the set collectors. A new breed of investors are adding vintage high grade cards to their portfolios. Can you blame them after what we've seen in prices rising in the past year and a half.

  • 19591959 Posts: 437 ✭✭✭

    Perfectly written!!!

  • JRR300JRR300 Posts: 1,282 ✭✭✭✭

    Sad but true. Been building a high end set for 15 years and got to the point where I can no longer upgrade any more of the cards. A rookie Fisk what was about $10-15K for years now approaches $75K. Have several others and I can't complete because you can't find the commons. Unfortunately, I don't see it changing in the near future.

  • jay0791jay0791 Posts: 3,272 ✭✭✭✭

    I totally agree with 51 WP
    The set collectors made PSA #1. It would be a shame to allow that to die.

    "don't bite the hand that feeds you."

    Collecting PSA... FB,BK,HK,and BB HOF RC sets
    1948-76 Topps FB Sets
    FB & BB HOF Player sets
    1948-1993 NY Yankee Team Sets
  • Indy78Indy78 Posts: 797 ✭✭✭

    It mostly died for me 3 or 4 years ago as card prices and grading wait times rose. I sold most of my registry sets in 2019 and 2020. I have one complete one and one 75 percent complete remaining (1970s). The incomplete one requires about 50 commons, which I doubt I'll ever acquire even if grading prices come down below $20. I've long shifted my focus to other ways to enjoy the hobby. Life's too short to wait around for lower prices.

  • gemintgemint Posts: 5,731 ✭✭✭✭

    No way will the registry die. It may not grow if there are not set registry friendly submission rates. There are plenty of graded cards and sets circulating in the market to keep the registry alive even if nothing new gets graded. It certainly makes it harder to build a new set but you can wait and buy one when it comes up for sale. Based on public comments from Nat Turner, PSA will have set registry friendly specials in the future. Timing for them is the only question.

  • My guess is the registry that made PSA #1 is dead. I would expect a new version will arise somewhere on the internet. The PSA requirement will be dropped and other legitimate grading companies will be allowed and people will continue to build sets because we collectors like to show off what we built.

  • SDSportsFanSDSportsFan Posts: 4,884 ✭✭✭✭
    edited May 12, 2022 3:24AM

    I currently have six low-grade T205s and 24 low-grade T207s I need to send in for grading, plus 12 more for crossover from SGC and Beckett. The T205s will finish my master set (- the half-dozen rarities), and the T207s will put me within 48 cards of set completion. None of them will grade above a 3 (most are 1s and 2s). At $50 a pop for grading it isn't anywhere near worth the cost, as I paid market value for the cards to begin with, and grading won't add anything near $50 in value to any of them.

    So, they all stay raw until prices come back down to a reasonable level :(

    Steve

  • JRR300JRR300 Posts: 1,282 ✭✭✭✭

    Unfortunately, they may stay raw for quite some time. Yes, they say they have cut down on the backlog, but at those prices, they'll continue to have more than enough submissions to keep them in the black. Welcome to the new world we now live in Post-COVID!

  • MCMLVToppsMCMLVTopps Posts: 4,106 ✭✭✭✭✭

    I think that if PSA management doesn't start to listen to and realize collectors who send in cards to get graded are their cash cow, then I think it will collapse, or become a shadow of what it once was. Those who collect sets requiring commons that they have raw and need to complete their sets will not be sending in very many at the $50 range, when they can maybe buy a lower graded card for short money. Surely, by now they've gotten a handle on their inventory of gradings in their pipeline.
    I think somebody at PSA needs to review their business plan and perhaps not be so profit driven as to kill the golden goose.

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