GAI 8 1960's commons
Basilone
Posts: 2,492 ✭✭
Noticed many selling between 5.99-7.99 for mid 60's GAI 8's....ouch.
How could a dealer make any money submitting these on a regular basis?
John
How could a dealer make any money submitting these on a regular basis?
John
0
Comments
I wonder how well they crossover.If they pull 8's,what a bargain!! Has anyone tried and what are the results?
Vic
The cards for $5.99 sold and the ones for $7.99 and above didn't.
Zardoz - I know you said it wasn't about the money but I sure hope that they are cutting you one heck of a deal on grading fees.
Wayne
I recently posted my experience on the forum: 6 GAI 8 cards from 1955 and 1957 converted to PSA 6 and PSA 7. Ouch!
Always looking for 1957 Topps BB in PSA 9!
<< <i>I wonder how well they crossover.If they pull 8's,what a bargain!! Has anyone tried and what are the results? >>
How is that a bargain even if you bought them at 5.99? Would you buy PSA 8 quality mid 1960's raw commons for $6.00 each...I wouldnt. After the additional grading fee (lets say $8.00) plus shipping and waiting a month...you are $14-17 into the card that might come back an PSA 8. Why not just buy the PSA card outright for $12-15 ?
John
Frank,
I feel your pain!!
John,
I guess that I am not thinking along the proper lines.I am working on a 56 set and for me,crossovers are a viable option.That is probably why Frank tried it.
VIc
I see where you are coming from...there is a world of difference between 50's commons and mid 60's commons for sure!
John
Rest assured that yours truly always makes money. Of course,there are exceptions. Let's not forget my 68 and 69 PSA 8's that sold for less that grading costs, or the 69 PSA 9 that sold for a huge 13.01 and so on. It's all relative.
Overall, I am pleased with the results.
As for a submission deal, shall we say that my timing was most fortuitous. I made a substantial mid 5 figure submission commitment to that company at the end of last year, prior to the wiwag news breaking when there were deals to be had, and before they got deluged with submissions as a direct result. Those discounted deals have since evaporated, as indeed they have at PSA who are striving to raise their average submission price per unit. The logic of this amazes me, but as they "make the payments, they make the rules". I wish them luck. As a "slabber" of vintage/modern commons, I cannot make money with PSA. When and if their business and pricing model coincides with my best interests, then I will be happy to reconsider my position.
John,
Unfortunately. Although I am hooked on the 56 set,My wallet keeps telling me that I should be in the 60's.Not that they are much cheaper in total due to the amount of cards involved but commons lately are $30 minimum for 8's(if you are lucky).
Vic
Would you buy PSA 8 quality mid 1960's raw commons for $6.00 each...I wouldnt. (
not even high number series? those 64's and 5's were higher # series. A bargain at that level.
Let's face it - it's not like every PSA 8 that's cracked out will come back a PSA 8 either. Or SGC 88, or GAI 8. But if you're buying one of these companies, you're going to be getting a nice card 99 out of 100 times.
Nearly all of the really low pops are found in the low #'s.
John
<< <i>As a "slabber" of vintage/modern commons, I cannot make money with PSA. >>
The results of your PSAs were good....but there were a number of GAI's that did not get a bid at $6.99 for a GAI 8.
So what you are saying is that if the grading fee is REALLY low...then you will make money. You mentioned that you would not whore your self out to PSA to make the last dollar...but it sounds like you will go to the company that gives you the biggest break in grading fees. Is that correct?
Im not trying to give you a hard time...but you are kind of putting down PSA in some of your posts. That is your opinion...but Im basing my points on final bids.
I wish to continue to bid on your PSA 1965's..so please keep those coming.
John
tell me about it!
I'm 100+ deep in some later #'s and chicken scratches in the so called common early series
New markets are opening. One can only sell a PSA 8 of some generic common of any year to a limited number of people.
<< <i>Let's not forget that there are collectors out there who are just building NM/MT sets, maybe graded, but if they're comfortable with GAI (or SGC's, etc.) grading, why not buy the card for what it is?
Let's face it - it's not like every PSA 8 that's cracked out will come back a PSA 8 either. Or SGC 88, or GAI 8. But if you're buying one of these companies, you're going to be getting a nice card 99 out of 100 times. >>
Great point. I started collecting cards many years before grading was even a thought. I got out of it from about 1984 until 1998. When I re-introduced myself to the hobby, there was this whole new idea of graded cards. I thought, "who would be willing to spend that kind of money on an individual card"? I never in a million years thought that I would ever own a graded card (from any company). I started putting together sets of raw cards (I was looking for about EX to NM quality cards). I got so tired of sellers overgrading raw cards.
Fast forward to 2001. I needed one card to finish one of my sets and could not find a good example anywhere. On one of my ebay searches I discovered the card, PSA graded 8 NM-MT, placed a bid, and won. I could not believe the difference in quality from what I had previously been collecting. That's when I started to collect sets in graded form. It's more expensive to complete sets this way, but you know what you are getting and the quality of the card is not questionable. I now own about 2000 graded cards (mostly PSA, some SGC, and 2 or 3 GAI). I agree with Sol - 99% of the time you are getting a good example of the card that you need when you buy one slabbed by any of these companies.
JEB.
<< <i> One can only sell a PSA 8 of some generic common of any year to a limited number of people. >>
No Doubt...I totally agree.
John
You mentioned that you would not whore your self out to PSA to make the last dollar...but it sounds like you will go to the company that gives you the biggest break in grading fees. Is that correct?
No it is not. The price point certainly helps the type of material offered and enables me to sell at a reduced rate, but there is far more to the range of features that already exist and/or will be offered in the near future for collectors. I like a company that looks upon collectors as an equal and valuable part of the card community and not just a source of revenue.
Please do not ask to me elaborate as I do not believe that I should extol the virtues of another company on this board.
I was speaking to some dealers in Chicago that have been using both psa and gai and they basically said that on the star cards, the gai cards were bringing equivalent amounts to the psa cards in the same grade but they were getting killed in the commons. One in particular said that was because of the registry. Another dealer standing there spoke very highly of the registry and how much it has helped his business. They also said that the half point bump in grades (8.5 vs 8 and so on) does lead to an increased sale amount while the difference between 2 eight's is nill. I found that very interesting. One thing for certain, if you were walking around the show in Chicago, you would have thought that only 2 grading companies existed. GAI has a huge presence and I barely saw a sgc card there.
I don't know how this will shake out, but it appears they are around to stay. I personally like their holders and their grading system. I just wish it was a joint registry where you could enter in either companies cards.
Wayne
<< <i>Please do not ask to me elaborate as I do not believe that I should extol the virtues of another company on this board. >>
Not a problem. Thanks for responding earlier.
John
Any grading company that wants to be viable for the remainer of this decade,
and into the next decade, MUST put it's focus on grading modern cards.
While most of us on these boards are vintage card collectors,
the number of vintage cards left worthy of grading is growing ever smaller each day,
while the number of NEW cards to be graded in the future remains LIMITLESS.
Basilone and Zardoz are both amongst the best of our posters,
so here's to both of them, with prosperity to PSA and GAI,
and a POX on Beckett for their BVG and BCCG standards ( or lack thereof ).
"How about a little fire Scarecrow ?"
the official government handbook states:
section 7 and paragraph 9 :
any card dealer that is asked more than 5 times a day why he or she is not selling psa cards for more money is to receive compensation.
section 7 paragraph 10:
any card dealer changing grading companies without getting sole written permission from the cu board is prohibited
you did not follow the rules for #10 but there is a loophole that was left behind from the rocci days. i will explain in private. the good news is you qualify....
your cheese is in the mail. i now can sleep at night knowing you won't go hungry from selling gai cards
i have a feeling a lot of people will see what your talking about.
good luck as always...........fab4
This is a PSA and CU message board....public statements regarding the pros and cons of using different grading companies and documented auction bids of said garded cards is fair game for opinion, speculation, etc.
John
I never see any listed on anyone's website. Does anyone know of any dealers selling SGC commons on the internet (Other than BMW)?
Try:
dhcards
crashtestalex
kaisercards
davidbvintage
Even zardzoz51 had ONE card for sale in his auctions.
But your right most of the PSA authorized dealers use either Psa or Gai. Remember you
can't forget your friends.
aconte
<I like a company that looks upon collectors as an equal and valuable part of the card community and not just a source of revenue.>
I like a company that looks upon collectors as inferior and worthless part of the card community that they can bilk out of their hard earned dollars and then fart in their general direction. Pass me a cup of that GAI Kool Aid my brother!
BTW - You are still the man! (even if I am forced to taunt you a second time)
Regards,
Alan