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Declared Value Question

btcarfagnobtcarfagno Posts: 60
in Trading Cards & Memorabilia Forum
How does one determine the declared value for submission? Is there a guide you are supposed to use? Is it something that submitters wink at and get around so they can pay less for their grading or are they strict about it?

An example...a 1951 Bowman card with an SMR value of $140 but a VCP average of $85. If I want to submit it for one of the specials, I would need to declare the value at less than $100.

Another example...1 1954 Topps card with similar SMR and VCP values. The card looks to be EX 5 which is around $135. But if it grades lower, the value is just $70 or less.

How do all of you deal with declared value?

Thanks again for your help for a submitting newbie.

Tom C

Comments

  • PowderedH2OPowderedH2O Posts: 2,443 ✭✭
    I've always used SMR, since that is PSA's own source and it is kinda hard for them to argue with their own guide. As far as the other part, I have never had an issue with that when I've been close. If you've got a card that could go higher or lower depending on the grade, then I doubt they'd ever even question it. The problem they have is when you submit the card that is clearly beyond the $100 mark, even if it was graded at the lowest it could possibly grade.

    Sam
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  • slaphappyslaphappy Posts: 145
    I always use the raw ungraded value of the card, not what it would be valued graded.
  • CollectorAtWorkCollectorAtWork Posts: 859 ✭✭✭


    << <i>I always use the raw ungraded value of the card, not what it would be valued graded. >>



    How do you figure out the raw ungraded value of the card?
    Babe Ruth Master Set
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  • bobbybakerivbobbybakeriv Posts: 2,186 ✭✭✭✭
    I typically use PSA 8 SMR values. I have not had any issues using this approach. Of course, I collect more modern (i.e., 1970s) stuff. Bobby
  • Mickey71Mickey71 Posts: 4,261 ✭✭✭✭
    The official answer that was said is that it is for insurance purposes. Declared value is done by the submitter and they are supposedly not to show bias based on this. You could put a $500 card as $95. If you think a card is going to grade high you don't have to declare 9 or 10 value.
  • lsutigers1973lsutigers1973 Posts: 11,093 ✭
    Whatever value you could live with if the card was lost in the mail and never seen again is the declared value.
  • drewsefdrewsef Posts: 1,894 ✭✭


    << <i>Whatever value you could live with if the card was lost in the mail and never seen again is the declared value. >>



    That is it exactly. Roll Tide Bill
  • CrimsonTiderCrimsonTider Posts: 1,381 ✭✭✭
    I second that,

    Roll Tide Bill!!!!!!
    collecting Dale Murphy and OPC
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