Declared value question
VintagemanEd
Posts: 932 ✭✭✭
Looking at submitting to psa..... How do you
Determine the declared value for these under $100
Cards? Take a Henderson Rc for example...... A bird-magic Rc or a Montana Rc
How do I determine value for these raw cards?
Determine the declared value for these under $100
Cards? Take a Henderson Rc for example...... A bird-magic Rc or a Montana Rc
How do I determine value for these raw cards?
0
Comments
A topps Ripken Rc that I feel is possibly psa 10 material ..... So if I submit it as an under $100
Value then I am saying its not a psa 10 to psa and they would sure not grade a psa 10 then..... Or do I submit
Under the higher value level therefore telling psa I think it is a PSA 10 and increasing the possibility of getting a 10?
<< <i>So this is where I am confused...... Let's take
A topps Ripken Rc that I feel is possibly psa 10 material ..... So if I submit it as an under $100
Value then I am saying its not a psa 10 to psa and they would sure not grade a psa 10 then..... Or do I submit
Under the higher value level therefore telling psa I think it is a PSA 10 and increasing the possibility of getting a 10? >>
Negative. Your declared value is for insurance purposes only; it has absolutely no bearing on the grading process. Personally, I would not estimate a raw card as a PSA 10 value no matter how nice it was. If the card grades PSA 10 and the value is much greater than the service level, PSA may contact you to add a surcharge to the submission fee.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Under $100 from 1956 to present..... So again
How do I come up with the raw value for this service level?
<< <i>The monthly special is $5.75 for cards valued
Under $100 from 1956 to present..... So again
How do I come up with the raw value for this service level? >>
Check ebay for raw card values of the cards you are submitting...for example, for an 82 Topps Ripken, I would put down $50 max, and that is higher than most would put down.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
I was left with the impression that I could pretty much write whatever value I wanted on the cards.
Bernie Kosar collector
1. As has been said, declared value has no impact whatsoever on grading outcomes. If you value it like a 1, it can grade a 10. If you value it like a 10, it can grade a 1. It's a separate process.
2. While theoretically PSA can come and collect a higher service fee if they think your card far exceeds the minimum for the special, those cases are few and far between. Overall, if you are close, you will be fine and not charged extra even if the VCP of your PSA 10 is $105 in the "under $100" special.
3. Given the 2 things above: estimate. Guess. Ballpark it. It just doesn't matter that much. I estimate grades and usually know how much cards in each grade sell for, from background knowledge or VCP. You can also check eBay completed sales. In any regard, if you're putting more than 10 seconds thought into this, you are probably overthinking it.
4. Declared value does matter for insurance. Personally, that is why I under-declare on my submission form. I have my own insurance and my thinking has always been that I want to keep return shipping costs down by not *also* paying for a long of insurance on return shipping from PSA.
5. I would never declare the value of my card at the "PSA 10" level and would always opt for the value in a 9, for a combination of the reasons above.
Hope this helps! There have been many similar questions on the board recently. PSA should probably provide more guidance about this on their submission materials.
<< <i>What if I put a cards raw value as $10. PSA grades it at whatever grade number and the VCP/Ebay value is now $95. The shipment gets lost/destroyed when PSA ships back to me. Am I only going to get $10 in compensation? >>
Yes.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
In a 54 Aaron Rc in condition of a psa 2-3 let's say under the
$5.75 monthly special? That was my point of starting this thread...... I can send
The Aaron Rc in the monthly special under $100 category if I want to gamble
That's it's not lost in the mail is ok? I figured psa would make you bump to the
More expensive service level for a card that we know is valued
Raw at over $100
<< <i>So psa would have no issue with me sending
In a 54 Aaron Rc in condition of a psa 2-3 let's say under the
$5.75 monthly special? That was my point of starting this thread...... I can send
The Aaron Rc in the monthly special under $100 category if I want to gamble
That's it's not lost in the mail is ok? I figured psa would make you bump to the
More expensive service level for a card that we know is valued
Raw at over $100 >>
No, you cannot send in a card that is worth significantly more than the special max value just to get around the rule.
In your first example, you used a Ripken RC~that card you CAN submit under the special no matter how nice it is. (Same with Henderson RC.)
But you can't submit a 54 Aaron or a 52 Mantle, either.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
<< <i><< What if I put a cards raw value as $10. PSA grades it at whatever grade number and the VCP/Ebay value is now $95. The shipment gets lost/destroyed when PSA ships back to me. Am I only going to get $10 in compensation? >>
Yes.
>>
Get your own private insurance and ship with your own fedex account. In the event that the package is lost in shipping, Once the card is graded then you can use a reliable pricing source to come up with a claim amount to deal with your insurance company.
The only time you are at risk is if it is graded and then it is damaged before it is sent out for shipping. The odds of this happening and being acknowledged are extremely low so you are almost never at risk.
Raw value could be $100 or $200.
Would psa call you and tell you that you owe
More money for grading since it has to go through
At the higher service level?
<< <i>Ok so what about a bird/magic Rc?
Raw value could be $100 or $200.
Would psa call you and tell you that you owe
More money for grading since it has to go through
At the higher service level? >>
doubt it.
I don't know the card specifically but I would assume that a 5 is under 100 bucks which is possible in the grading process so it would probably be ok