Bulk $22 - How does this effect the registry going forward
olb31
Posts: 3,352 ✭✭✭✭✭
1) Common prices rising
2) Will anyone grade commons?
3) Minor stars - 1978 Fidrych, 1976 Oliva, 1973 Billy williams, 1974 Catfish - done being graded?
4) looks like only major stars ( about 10 or so per set), will still have room to be graded.
5) No effect on, us, the small number graders? prices are about right.
Thoughts..
Work hard and you will succeed!!
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I will not grade commons for my sets. I may grade vintage minor stars and off grade vintage stars.
I am assuming (hoping) that they will have some lower priced specials at some point. For the national it was an $18 special so at the very least I expect they will do that again at some point. Hopefully they will have some thing like a 1970's special around $12 for lower priced cards. We shall see......
Collectors Club members get exclusive access to PSA’s best grading pricing:
Bulk Service Level: $22/card. The Estimated Turnaround Time is 120-150 calendar days, declared value must not exceed $199 per card. 25-Card Minimum for each era (1996-present and 1995-older)
Value Service Level: $30/card. The Estimated Turnaround Time is 90-120 calendar days, declared value must not exceed $499 per card.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
I am happy to see bulk back!
I still can't commit to sending in a 100 cards at $22. I can't risk it, if they don't receive good grades I could lose money on a 1/4 of them.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
At this price it makes no sense to do any commons or even minor stars, and especially Vintage. I guess they hope most will send cards in worth around $199 so the next time they do a special they won't get quite as slammed all at once. I'll probably just keep hoarding & holding until the special comes and send hundreds.
Now that prices seem to be dropping across the board I wonder how these prices hold.
I vote #4. Just high-dollar stars. grading too high for commons that come back 8 and with the new graders., thats what you're going to get.
1) Common prices rising = dropping like lead weights into a deep ocean- tanked already. Sellers are having trouble selling discounted stuff at the OLD prices- forget this money grabbing period we are in. Notice all the registry sets now in auction houses? Could be a good reason
2) Will anyone grade commons? = not if they had any financial common sense
3) Minor stars - 1978 Fidrych, 1976 Oliva, 1973 Billy williams, 1974 Catfish - done being graded? registry wise? see above comment
4) looks like only major stars ( about 10 or so per set), will still have room to be graded= And those are barely hanging on. Only the superstars are getting any hobby traction
5) No effect on, us, the small number graders? prices are about right== no prices are about $5 higher than they should be with the two big dogs.
I can see 15 to 17, with 18 pushing it. But once it hits 20- yeah. Someones misreading who actually is the backbone of the registry.
One mans opinion of course
jeff
Nat Turner has stated on several occasions that specials in the future will be offered for set registry collectors at a lower rate, so hopefully that is still the case.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
I see the impact to the registry being bifurcated. It may slow down NEW entrants to the registry as their estimates of completion just went up. But for most of us who are already in the middle of building one or multiple sets, I don’t think $22 will dissuade them from completion. I have 4 sets that are already above 2/3 completion, which I’ll still obviously be finishing for my PC.
Always buying Bobby Cox inserts. PM me.
I guess that really depends on the size of the sets.
Successful card BST transactions with cbcnow, brogurt, gstarling, Bravesfan 007, and rajah 424.
He's collecting the 1981 Drake's Cakes set. LOL!!!
I'm hoping SGC lowers their <1500 price down to $20 or less as a competitive measure to this. While I prefer PSA, especially for non-auto modern I have always thought of SGC for vintage as almost equal to PSA. If they can somehow come down lower and allow me to send in cards with a value of up to $1500 I will have to convert to SGC for vintage
I am guessing that bulk pricing will have to go lower for PSA to get the number of cards they want/need to keep all their employees busy...$22 is still too high for the hundreds of thousands of cards that people want to submit that would amount to a losing proposition if they get a PSA 9, at $22 pricing. I am thinking $15/16 per card would be a price that would make people feel comfortable submitting a good number of their cards (commons, minor stars, oddball items, etc.)...my 2 cents
PSA is definitely testing the market to see where they can get away with setting the floor. It took a couple months at $50 before they lowered to $30. Then they did a month at $18. Looks like they got so much they assumed they were undercharging.
I'm not interested in sending anything at $22 and can wait because I'm in no hurry to sell anything. Especially if it takes 6 months to get them back.
I have already completely stopped working on most of my sets that don't have HOF rc's in it.
In reality I have no intention to get started again.
1948-76 Topps FB Sets
FB & BB HOF Player sets
1948-1993 NY Yankee Team Sets
PSA was dealing with pent up demand when they ran the $18 special, and that will be the case every time they significantly drop the price.
If they open a $12 special today for ALL cards, they'll get flooded, but I expect to see targeted specials soon.
Also, once the pent up demand is satisfied, generating 1 million cards per month will be quite the challenge. The low end market is better in some areas now than it was in 2019, but it's not worlds apart like it was 12-16 months ago.
I WAS a non-sport registry collector. I say was as even at $18+ ancillary costs each it did no makes sense submitting cards that would need to get a now impossible grade of 10 just to break even in value. While I do not sell cards there is no way for me to justify that expense.
The thousand or so cards I had ready to submit over time will stay in their card savers. The day of registry collecting for the NON wealthy hath ended
It's the singer not the song - Peter Townshend (1972)
I think the $22 bulk price will also drive demand for modern unopened. At that price, you can still make a buck or two if you hit the right grades. Also I think the process improvements PSA has put in are starting to kick in and will actually encourage people to sub more.
One unintended benefit for me, is that the higher prices have made me scrutinize each card harder before I put it in a sub. Based on the modern grades I've been pulling lately, I think it's been working. Hopefully I can keep the magic!
I will use it sparingly to finish basic Topps player sets, Luckily I got my last 2 Sam Mills in at $18, But I will not even renew my membership at this point
I will buy the commons I need online instead of overpaying for submissions.
It is still too high per card for a lot of the registry
If you can find them.
My last sub coming up on 1.5 years turnaround.
I'm not grading anything at these prices. I'm more wondering if pricing new entrants out of the market is going to hurt my existing slabbed cards. In the short terms I think the increase will increase the value of my cards, but long term I'm not so sure. Time will tell if this opens the door for the competition.
I can't justify grading anything at $22 a card. Anything that would warrant paying a $22 grading fee exceeds their $199 value limit. We're moving into recession territory...actually we're already there. At some point, PSA will have to decide on lowering grading fees or laying off graders. Once the base modern cards no longer make sense to grade, the volume will dry up pretty quickly. Many base cards have already dropped a substantial amount from the peak.
I have about 3-4 thousand cards to grade. If/when the fee drops to close to $10, I will resume submitting. It will be a sliding scale. At $15 a card, I may have a few hundred worth submitting. At $10, it is probably 80% of what I have in raw inventory.
If they can grade basically a million cards per month and I'm thinking are not getting that many cards now....then what gives?? I've said it before, I don't know how many graders they have or if they've hired tons of people. How would the average person know this info for sure? They should stop penalizing people wanting to send in vintage. They did not cause this backlog. It was the 7 billion Wander Francos etc. They should absolutely be able to grade something like 60's commons for $10 per card. Very little research and easy to grade. I'm sorry but they should limit the submissions of the newer cards as far as pricing goes. People are fanatical and will send in anything. Every base card of every player that got a base hit in 2022...just crazy. Charge $10 for 60's vintage and like $18 for modern on $199 value. Decent price but not greedy and also being considerate to the vintage registry folks and vintage collectors in general. Many people collect runs of sets and do not place them on the registry. And they need to absolutely get rid of whatever machine or whatever that is damaging cards....
What Gem Mint said
Agreed; this damaging problem has been beyond incredibly frustrating for all of us lately. Never used to happen, at least to items I subbed, until the past couple years when it all of a sudden seems to be all too frequent of an issue