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declared value

ldfergldferg Posts: 6,742 ✭✭✭
in Trading Cards & Memorabilia Forum
does this have anything to do with the grade you receive? would you just put the value in the current beckett or how do you derive this value? i'm preparing some submissions and was wanting some input.


Thanks,

David (LD_Ferg)



1985 Topps Football (starting in psa 8) - #9 - started 05/21/06

Comments

  • wolfbearwolfbear Posts: 2,759 ✭✭✭

    You can use the SMR value of the card in the grade you expect.





    Pix of 'My Kids'

    "How about a little fire Scarecrow ?"
  • EagleEyeKidEagleEyeKid Posts: 4,496 ✭✭
    Declared value is the value of the card in raw state.
    High beckett value; tuff stuff, or whatever magazine for reference.
    It doesn't really matter what you declare because the bottom line is; you have to protect yourself and send them proper insurance coverage to cover the amount you declared when they ship back your card(s).
    However on a card that's already slabbed and you're thinking of cross-over....I was told the declared value should be SMR value.
  • wolfbearwolfbear Posts: 2,759 ✭✭✭

    No, your declared value should be at SMR of your estimate of what the card will grade out at.

    Say you send in 50 cards with a high Beckett of 20 bucks each. That would be $ 1,000.00.

    Say PSA grades them 8's and they're now worth 50 bucks each, for a total of $ 2,500.00.
    If you declared a value of $ 1,000.00, and they get lost or damaged during shipment back to you from PSA,
    you'll only collect the $ 1,000.00 you declared, not the $ 2,500.00 they are worth after grading.

    Hey, we're only talking about pennies per card in additional shipping here anyway,
    so there's really no reason not to declare the fully graded values.

    Pix of 'My Kids'

    "How about a little fire Scarecrow ?"
  • jrdolanjrdolan Posts: 2,549 ✭✭


    << <i>Hey, we're only talking about pennies per card in additional shipping here anyway,
    so there's really no reason not to declare the fully graded values. >>



    Except that PSA charges much more to grade cards of a certain declared value. So you may want to declare the value at just below that cutoff point, if you don't want to pay the big fee bump.
  • funlover1974funlover1974 Posts: 84
    Last I heard the USPS insurance will only pay to replace the card itself not the grade, not sure about UPS I am sure it is pretty close to the same policy.
  • packCollectorpackCollector Posts: 2,786 ✭✭✭
    they'll pay the value of what was lost or the sale price of what was lost. If it's a psa card then that is what was lost . I recently received a 1300 claim for a group of psa 8 cards based on there psa 8 prices
  • LongBallLongBall Posts: 28


    << <i>not sure about UPS I am sure it is pretty close to the same policy. >>

    psa does not accept shippments from ups so you need not worry about what they insure. but for fedex there is a limit of 500 bucks for collectibles and cards regardless of the value you insure for - so do not use themf foranything big.
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