PSA 10, "buy it now" for $4? Why even submit it?

digicat

On eBay, 4-sharp-corners has a bunch of PSA 10's listed for a "buy-it-now" price of $4 each. ??? They've got a lot of 2005 cards too. What's the point of sending a card in to be graded if you're gonna flip the PSA 10's for less than the grading fee? Modern bulk is $6 each, nice specials are $5 each, what's going on?

Maybe he's getting a pretty juicy deal from PSA for "preferred customer" bulk submissions?

5STAT

and so begins the downfall of the market!! It will be mostly on newer cards 80's and 90's..but that's the way it's starting to fall..

People make the big $$ on the 10's and then give the rest away to turn their bank roll....to grade to get more 10's....
He makes up the difference with his crazy S&H charges...but not enough to make it worth his while.. (i.e. - $8.95 for 6 graded cards then 25 or 50 cents each after that.......Heck, you can mail over 100 graded cards flat rate for $7.70.....get on the bus!!)

Give cards away and make free money on S&H...the final outcome is that it will affect the overall value of ALL sets...
Say you have a 660 card Donruss set totally graded 9's and 10's....at even $5 a card..the set should be worth $3,300 right!!??!!
Not if these clowns keep dumping on the market and sell sinlges for $1 or $2.....people don't look at the S&H and sooner or later they start to think that the $1-$2 for a PSA 9 should be the "norm"...
At that point, why bother!!

Next thing you know you've got $3,300 into a set (if you submitted it yourself)..and due to the new martket..it's worth $1,500

Great business sense...NOT...

JMO

FYS

I think 4 sharp gets a deep discount i.e. 2 to $3 per card. Particularly for the modern stuff.

Stone193

Digicat
As was said - I think they get a discount.

But also consider - perhaps they bought a "bulk" lot - they separate out the good and dump the average stuff just to get rid of it.

mike

DaBigHurt

Why should a set be worth "thousands"? Because someone spent thousands of dollars in grading fees? If you're putting together a garbage set like 1988 Donruss in PSA 9s and 10s, the last thing you should be worrying about is resale value.