CU results
kadokakid
Posts: 426 ✭✭
Almost 1.2 million cards graded in fiscal year 2006, value of cards graded $75 mil pretty impressive.
Complete info can be found http://biz.yahoo.com/e/060913/clct10-k.html
Units Processed
2006 2005 2004
Coins 1,789,000 55 % 1,670,000 58 % 1,241,000 53 %
Sportscards 1,199,000 37 % 1,084,000 38 % 998,000 43 %
Autographs 181,000 6 % 77,000 3 % 68,000 3 %
Stamps 38,000 1 % 26,000 1 % 16,000 1 %
Currency(1) 29,000 1 % 3,000 - - -
Diamonds(2) 5,000 - - - - -
Total 3,241,000 100 % 2,860,000 100 % 2,323,000 100 %
Declared Values (000)
2006 2005 2004
Coins $ 1,613,000 90 % $ 1,191,000 91 % $ 993,000 90 %
Sportscards 75,000 4 % 66,000 5 % 67,000 6 %
Autographs 15,000 1 % 26,000 2 % 31,000 3 %
Stamps 21,000 1 % 17,000 1 % 10,000 1 %
Currency(1) 43,000 2 % 8,000 1 % - -
Diamonds(2) 27,000 2 % - - - -
Total $ 1,794,000 100 % $ 1,308,000 100 % $ 1,101,000 100 %
Trying to complete 1970 psa set.
45% complete.
45% complete.
0
Comments
<< <i>The 75 mil seems to be a drop in the well compared to coin grading revenues. Growth isn't what would have expected either. >>
<< <i>I've said it before, and I'll say it again: PSA needs to start focusing more on the modern card grading business. Even with the reduction in card releases (especially in baseball), it's still the best "growth" market available, and probably has the quickest turnarounds in terms of grading. Why they haven't realized this yet is beyond me.
>>
Because most collectors aren't that stupid? Assuming that PSA would even want to focus on this (and the only that it could be done would be at wholesale levels, like $1 per card), there's enough common sense that collectors would not follow and thus, causing a negative cost/benefit return.
<< <i>
<< <i>I've said it before, and I'll say it again: PSA needs to start focusing more on the modern card grading business. Even with the reduction in card releases (especially in baseball), it's still the best "growth" market available, and probably has the quickest turnarounds in terms of grading. Why they haven't realized this yet is beyond me.
>>
Because most collectors aren't that stupid? Assuming that PSA would even want to focus on this (and the only that it could be done would be at wholesale levels, like $1 per card), there's enough common sense that collectors would not follow and thus, causing a negative cost/benefit return. >>
I think he's talking about modern RC's and high dollar inserts, not 1991 commons.
If CU wants to continue in cards and have it to be a good growth product, moderns are not the answer beyond what they are doing already but learning to be the experts on pre-war cards.
<< <i>Many of which wouldn't sell for the current grading fees, unless wholesaled which was my point. Collectors will only submit if they know it has a reasonable chance of being worth more than the grading fee - whether now or in the near future. It would be appalling if CU were to somehow artificially inflate the hype even more when the card companies are trying scale back due to customer outrage or apathy towards all of the many sets and cards that has flooded the market in the past several years. Why beat a dying a horse?
If CU wants to continue in cards and have it to be a good growth product, moderns are not the answer beyond what they are doing already but learning to be the experts on pre-war cards. >>
I think we're talking about two different things. I'm referring to high end RC's, not Bazooka or Topps or something. And not to quibble, but many--- in fact, I would suggest perhaps most-- PSA members routinely submit lots and lots of cards which they don't suspect will be worth more then the grading fee, either now or later.