PSA stops direct submissions from Canada, Mexico and Hong Kong/China
Boosibri
Posts: 12,280 ✭✭✭✭✭
I assume this is the same for PCGS. Can anyone in CA or MX confirm if the online portal still allows submissions?
https://www.nytimes.com/athletic/6175486/2025/03/04/psa-grading-submissions-tariffs/
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Same article not behind a paywall:
https://www.cllct.com/sports-collectibles/sports-cards/psa-pauses-submissions-from-canada-china-mexico-after-tariffs-take-effect
peacockcoins
Never even considered that these silly Tariffs could affect my Hobby. I imagine it won't stop there, either.
All is well... I have a call into President Hoover about the Smoot-Hawley Tariff Act. Wish me luck...
Experience the World through Numismatics...it's more than you can imagine.
chopmarkedtradedollars.com
Maybe turnaround times will decrease….
Yet another thread devolving into politics.
I am curious as to whether there would be a tariff applied by the US or Canada. PSA doesn't buy the card. It's more like the submitter buys the slab (service). I imagine it is more a suspension while they sort this out.
I wouldn't be surprised if sending a card in to be graded is treated in law as an import of said card. Then an export when it's returned. Which could make the transaction subject to tariffs both ways. At least until this is sorted out, it's prudent to stop creating problems for the companies and the customers.
ANA 50 year/Life Member (now "Emeritus")
PSA is providing a service not a product so the tariffs should be a non issue, at least in theory.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
I believe I’ll hold off buying anything from Canada for the time being. Not crazy IMO to think that customs might be a problem for a time.
Aren't tariffs generally pretty specific as to what products they apply to? I highly doubt that sports cards are included by name.
If tariffs are (allegedly) to help potential domestic manufacturers of the imported goods in question, then why would they apply to vintage goods that no domestic manufacturer could manufacture without being a counterfeiter? Let's say that some Canadian collector owns a Picasso painting worth $100 Million that he would like to sell, and the best auctioneer for that paining in North America is in New York. Slapping a $25 Million tariff on that painting isn't going to make Pablo Picasso rise from the grave and move to the U.S. to resume painting!
The tariffs are expected to even apply to ancient coins bought in Europe: should they be taxed based on country of origin, where they were found, where they were sold....?
One of the major auction houses is scrambling, trying to expedite the export paperwork for their next sale which closes right before the proposed cutoff but there aren't any guarantees.
If buyers aren't aware, they might end up getting slapped with a 25% bill due to Customs. This will specifically hurt consignors and auction houses: I expect people to not want to sell their coins internationally for the foreseeable future.
From a lot at SB I have (had) my eye one:
chopmarkedtradedollars.com
Tariffs are as you note correctly based on specific tariff classifications.
I have reviewed them all for Canadas $155B announced for work and can confirm that coins for Canadian import / export would fall under 71.18 and ARE included in the list of $125B set to proceed 3/21. Also included is code 9505.31 Collections of Numismatic interest.
Latin American Collection
There could be greater competition in domestic World coin auctions. While the international ramifications are negative, the domestic auctions may vary depending on the country-
Experience the World through Numismatics...it's more than you can imagine.
How does this affect RCM bullion? Maples bars ect.
Dunno? This is for importing into Canada. How thenUS tariffs exports from Canada appears to be a blanket tariff so would be applied at 25%?
Latin American Collection
I are confused.
So is the rest of the world
Latin American Collection
Flagged.
Next up is the BigCryptoGrift.
SB has a Hong Kong auction next month, they usually stated the tariff is about 8% for US buyer in the past but now they stated the tariff is about 27.5%. I for sure will stay away from those lots.
From SB:
(t)This lot was manufactured in China (including Hong Kong), Russia or Republic of Belarus and was sourced from outside the United States for this auction after tariffs were enacted by the United States. Accordingly, any client who wishes to take delivery of this item within the United States will be subject to a 27.5% import tariff for China manufactured items, and a 35% import tariff for Russia or Belarus manufactured items. In addition a processing fee of 0.3464% (minimum $31.67 / maximum $634.62) will apply.
Please note, this is not, and is not intended to be, a complete description of the applicable import tariffs and buyer remains fully liable for and agrees to promptly pay all tariffs and fees relating to the import of these items into the United States and neither the auctioneer nor any consignor will have any responsibility to pay any applicable tariffs or fees. Please consult your tax adviser with any questions.
Furthermore, any lots subject to an import tariff will be shipped directly from our Hong Kong offices and shipments to the United States will be subject to our international shipping chart.
I assume the tariff will be charged on the hammer price PLUS the buyer’s premium?
Yes. you are correct.
Thank you for raising this question. At this time PCGS does not have any restrictions on submissions from Canada or Mexico. We encourage submitters to work with our office in Hong Kong for submissions from Hong Kong. China has long had heritage laws that prohibit the export of numismatic items. Therefore, submitters in China should work with our local grading team in Shanghai. Should anything change, we will send out official comms from PCGS.
Abby Zechman
PCGS Education Coordinator
Thanks for the information as we don't want to get embroiled in the ridiculous aspects of the idiotic tariffs.
Well, just Love coins, period.
Thank you for the clarification, this should be an end to the tariff whining here... probably not.
There is a significant difference between tariff whining and understanding history in an effort to prevent history from repeating itself.
Experience the World through Numismatics...it's more than you can imagine.