Anyone else hoping their submission pops before New Years?

glossycrazy

Hi-
I have a submission of 50 1971 topps coins entered on Nov. 15 that I'm hoping the grades will pop on Friday!! Anyone else waiting on a early to mid-November submission?
Paul

jmoran19

I turned in a 25 card 1948-1971 submission at the Nov. 17th Chicago show that I'm still waiting on. Mix of fleer, topps, 1971 OPC and one kellogg card. I'm guessing that PSA can't book fees as revenue until the cards are graded so hopefully they will be busting their behinds to get as many orders done as possible by Friday.

smallstocks

I would bet they book the fees the second they receive them. That is what irks me the most - they have my $$$ as of Nov. 16 and yet no grades still. I expect my sub to go the two or so months max.

NathanSr

I feel that PSA charging their fees to our credit cards when they receive the submission is ok. PSA has to make sure that they can collect their fess prior to performing their service for us. A lot can happen to a submitters financial situation between the times they receive the sub and when the cards actually get graded. I am referring to the specials of course. Any available credit on a credit card can disappear if someone has a rough go of it financially and is forced to max their card. Once the service is provided, there is no way to "return" that service to PSA if a charge fails to go through. The cards have been graded and encapsulated already. This is a much different situation than buying returnable goods. While most of us most likely will never face this, PSA must still protect itself against these situations.

NathanSr

joemaggio

I believe it is a violation of the terms of most credit card processing agreements to process a charge more than 30 days before the item/service will be delivered.

mcholke

<< <i>I would bet they book the fees the second they receive them. That is what irks me the most - they have my $$$ as of Nov. 16 and yet no grades still. I expect my sub to go the two or so months max. >>



I did a quick check of their 10-K (you can access from this site) and cut and paste the revenue recognition policy. As you can see they have to grade and ship before they can recognize the revenue. They are a June 30th year end company so they have some internal push to get out what they can by 12/31 but I would suspect there is a bigger push at June 30th depending on how well the quarter/ year had been to date.

From June 30 2006 10-K filing:
Revenue Recognition Policies. We generally record revenue at the time of shipment of the authenticated and graded collectible or diamond to the customer. Our authentication and grading customers generally prepay our authentication and grading fees when they submit their collectible items to us for authentication and grading. We record those prepayments as deferred revenue until their graded collectibles are shipped back to them. At that time, we record the revenues from the authentication and grading services we have performed for the customer and deduct this amount from deferred revenue. For certain dealers to whom we extend open account privileges, we record revenue at the time of shipment of the authenticated and graded collectible to the dealer.Text

Wondo

I've got a 72 card bulk tall boy submission from 11/10 that is just waiting to bust!

rbdjr1

I got a 50 card (i.e., non-sports) sub from 11/14.

I think Friday would be my last shot for 2006?


Next year will be ok!



Happy New Year!

rd

tkd7

I'm hoping for mine to pop, but it is at SGC.

ezyshooter

Still waiting on mine to log in !! Also have a tallboy bulk as well waiting for grades !!
Steve

cmoking

I have one since november 9th. it is a vintage bulk, 45 day turnaround though, with the holidays, they are still probably within the 45 days right now. But I still check every day.

mafoliq

Vintage bulk here. It was acknowlegded on November 7th. I had almost forgot I sent it in.

smallstocks

<< <i>I feel that PSA charging their fees to our credit cards when they receive the submission is ok. PSA has to make sure that they can collect their fess prior to performing their service for us. A lot can happen to a submitters financial situation between the times they receive the sub and when the cards actually get graded. I am referring to the specials of course. Any available credit on a credit card can disappear if someone has a rough go of it financially and is forced to max their card. Once the service is provided, there is no way to "return" that service to PSA if a charge fails to go through. The cards have been graded and encapsulated already. This is a much different situation than buying returnable goods. While most of us most likely will never face this, PSA must still protect itself against these situations.

NathanSr >>



Nathan,

I don't agree. PSA can hold onto the graded cards until the payments were made good. 99% of the time the cards are worth more than their cost to grade ($1.50 per maybe?) and therefore there is more than ample collateral.

Mike

BearCollector

I've got a 30 card Tallboy submission mailed 10/31, logged for "further processing" as of 11/07. I sent a second Tallboy submission the same day that was fully logged in on 11/03, that popped grades just late last week. Not looking good for grades to show up today.

Kurtman9

I hope mine pops AFTER the New Year. I have this theory and it may be totally wrong but I am going with it.

I figure the more experienced graders have seniority on the PSA grader vacation schedule. I definitely do not want my 139 card sub (The 50s/60s special) graded by a noob or inexperienced grader. I figure there's a lot of guys out on vacation this week. I have already experienced this unfortunately on my 10 card Collector's Club Special that popped this week. Very tough grades (thought there would be a couple of 9s)... got 7 8s and 3 7s.

So, I am really hoping NO email comes today from PSA.

RipublicaninMass

<< <i>I hope mine pops AFTER the New Year. I have this theory and it may be totally wrong but I am going with it.

I figure the more experienced graders have seniority on the PSA grader vacation schedule. I definitely do not want my 139 card sub (The 50s/60s special) graded by a noob or inexperienced grader. I figure there's a lot of guys out on vacation this week. I have already experienced this unfortunately on my 10 card Collector's Club Special that popped this week. Very tough grades (thought there would be a couple of 9s)... got 7 8s and 3 7s.

So, I am really hoping NO email comes today from PSA. >>



I have to agree I got murdered on a modern sub with a ton of 9's from 85 topps. not even one ten? That is what happens when you only send in stars

jgarci11

Maybe you shouldn't have been cheap when paying for insurance and your star cards might have come back as 10's! Then again maybe if you did a bit of examing of all the '85's you have you would have been able to send in cards that would have gotten 10's, whether they be stars or commons! So when will you sell your '85 Mcgwire PSA 9? It is a 9 right. I mean I hope otherwise the card will sell for what $9.99??

fandango

yoda, your posts always have the aire of arrogance, yet im not sure what you could be arrogant over....

ArnyVee

11/3 here....sheesh....looks like it's going the full 45 business days....

glossycrazy

11/15 for me!! The full 45 days will be mid-late January for me!! That's what I'm expecting!
Paul

gregm13

My grades popped on the 29th...I'm shocked. With that being said, it doesn't appear the cards were shipped out.

Regards,

Greg M.

LINE # CERT # CARD CARD CO. CARD # CARD NAME VARIETY GRADE
1 04578653 1989 S.I. FOR KIDS 84 DAN MARINO N/A 10
2 04578654 1989 S.I. FOR KIDS 84 DAN MARINO N/A 10
3 04578655 1990 BRITISH PETROLEUM 3 DAN MARINO N/A 9
4 04578656 1996 COLL. CHOICE CA1 DAN MARINO A CUT ABOVE 9
5 04578657 1996 COLL. CHOICE CA2 DAN MARINO A CUT ABOVE 8
6 04578658 1996 COLL. CHOICE CA3 DAN MARINO A CUT ABOVE 9
7 04578659 1996 COLL. CHOICE CA4 DAN MARINO A CUT ABOVE 8
8 04578660 1996 COLL. CHOICE CA5 DAN MARINO A CUT ABOVE 9
9 04578661 1996 COLL. CHOICE CA6 DAN MARINO A CUT ABOVE 9
10 04578662 1996 COLL. CHOICE CA7 DAN MARINO A CUT ABOVE 9
11 04578663 1996 COLL. CHOICE CA8 DAN MARINO A CUT ABOVE 8
12 04578664 1996 COLL. CHOICE CA9 DAN MARINO A CUT ABOVE 9
13 04578665 1996 COLL. CHOICE CA10 DAN MARINO A CUT ABOVE 9
14 04578666 1999 BOWMAN 1 DAN MARINO N/A 9
15 04578667 1994 COLL. CHOICE 147 DAN MARINO GOLD 9
16 04578668 1995 PROLINE FLD GENERALS G6 DAN MARINO N/A 9
17 04578669 1996 DONRUSS 161 DAN MARINO PRESS PROOF 8
18 04578670 1996 SP SPX FORCE FR3 MARINO/FAVRE AIKMAN/BLEDSOE 9
19 04578671 1995 TOPPS AIR RAID AR8 D.MARINO/I.FRYAR N/A 8
20 04578672 1995 TOPPS 350 DAN MARINO PANTHERS INAUGURAL 8
21 04578673 1995 TOPPS 31 DAN MARINO PANTHERS INAUGURAL 10
22 04578674 1995 TOPPS 350 DAN MARINO JAGUARS INAUGURAL 8
23 04578675 1995 TOPPS 31 DAN MARINO JAGUARS INAUGURAL 9
24 04578676 1995 SPORTFLIX 1 D.MARINO/T.AIKMAN MAN TO MAN 9
25 04578677 1997 EXCALIBUR 74 DAN MARINO N/A 8
26 04578678 1997 FLEER GOUDEY II 13 DAN MARINO N/A 10
27 04578679 1997 LEAF REPRODUCTION 3 DAN MARINO N/A 10
28 04578680 1995 ACTION PACKED 18 DAN MARINO ROOKIES/STARS-PROTOTYPE 9
29 04578681 1993 STADIUM CLUB 60 DAN MARINO 1ST DAY ISSUE 8
30 04578682 1998 UD CHOICE 90 DAN MARINO N/A 8
31 04578683 1996 PINNACLE 9 DAN MARINO BIMBO BREAD 8
32 04578684 1996 SELECT CERTIFIED 55 DAN MARINO RED 9
33 04578685 1991 PRO SET 693 AMERICAN BOWL-TOKYO N/A 9
34 04578686 1991 PRO LINE 3 PPK CHECKLIST PUNT, PASS AND KICK 9
35 04578687 2000 DONRUSS 77 DAN MARINO CAREER STAT LINE 9
36 04578688 1993 U.D. PRO BOWL PB2 DAN MARINO N/A 8
37 04578689 1995 COLL. CHOICE DM1 ROOKIE OF THE YEAR DAN MARINO CHRONICLES 8
38 04578690 1995 COLL. CHOICE DM3 48 TOUCHDOWN PASSES DAN MARINO CHRONICLES 8
39 04578691 1995 COLL. CHOICE DM5 30,000YARDS PASSING DAN MARINO CHRONICLES 9
40 04578692 1995 COLL. CHOICE DM7 40,000YARDS PASSING DAN MARINO CHRONICLES 9
41 04578693 1995 COLL. CHOICE DM8 MARINO'S BACK DAN MARINO CHRONICLES 8
42 04578694 1995 COLL. CHOICE DM9 300th TOUCHDOWN PA. DAN MARINO CHRONICLES 8
43 04578695 1994 CLASSIC IMAGES A18 DAN MARINO ALL-PRO 10
44 04578696 1995 COLLECTOR'S EDGE 118 DAN MARINO N/A 9
45 04578697 1996 SELECT CERTIFIED 3 DAN MARINO GOLD TEAM 9
46 04578698 1994 PROLINE LIVE 80 DAN MARINO N/A 9
47 04578699 1993 PACIFIC 218 DAN MARINO N/A 10
48 04578700 1992 SPORT DECKS DAN MARINO ACE OF HEARTS 10
49 04578701 1994 FACT NFL 2 DAN MARINO PROPERTIES ARTEX 9
50 04578702 1995 ULTRA 3 DAN MARINO AWARD WINNERS-GOLD MED. 9
51 04578703 1996 PLAYOFF ILLUSIONS 82 DAN MARINO N/A 9
52 04578704 1995 PACIFIC 11 DAN MARINO TPL. FOLDERS CRYSTALLINE 9
53 04578705 1995 PLAYOFF ABSOLUTE 10 DAN MARINO DIE-CUT HELMET 10
54 04578706 1993 US PLAYING CARDS DAN MARINO DITKA PICKS-ACE OF HEARTS 10
55 04578707 1996 BOWMAN'S BEST M.I 1 YNG/COLL/MRNO/BRNLL REFRACTOR 9
56 04578708 1996 COLLECTO'S EDGE DB127 DAN MARINO DOLPHINBILIA PREVIEW 9
57 04578709 1995 IMAGES LIMITED I11 DAN MARINO ICONS 9
58 04578710 1999 PLAYOFF CONTENDER 90 DAN MARINO N/A 9
59 04578711 1999 PLAYOFF CONTENDERS 187 DAN MARINO N/A 9
60 04578712 1999 UD CENTURY LEGEND 55 DAN MARINO CENTURY COLLECTION 8

Date Received: 12/01/2006
Date of Grades Posted: 12/29/2006
Date Shipped: No Date Specified