What’s this new “Offer” option on my Completing Submission
Harnessracing
Posts: 540 ✭✭✭✭
I find this an obnoxious attempt for PSA to now try to make more money off your submission.
I received the grades 2 days ago and now I have 9 “offers” at of course a very lowball offer to sell my cards to “PSA”.
I find this utterly offensive and off putting. Anyone else have this happen?
Now they delay your shipping for X amount of days while you “decide” not
To accept their insulting offers
2
Comments
This feels like a game of Monopoly. They already own all the properties and now they want the parking lot.
They should grade them lower and give great offers for the grade. Then regrade them higher. Printing money.
Can you post their offers? I'd like to see them.
😳 oh $#!T
This feature has been around for vaulted items for a few months now.
I get offers all the time on my cards in the vault, mostly lowball offers, but I've sold a couple that were a good price.
I'm not sure who is making the offers, but I don't think it's PSA.
Maybe the big players that have buyers in the waiting or replenishing stock. Not sure.
I have 18 offers right now. The offer price is what you get. No fees or shipping or anything.
Oh it’s PSA, I dont vault anything and who would know what my grades are other than PSA?
One example 1968 Topps #528 Tigers Team PSA 9, the offer is $138
I called PSA to find out what this is, they said it’s new. I said well I don’t want anyone or anybody making offers on cards I don’t have in my possession and they said just ignore it. When I asked how long does the unwanted option delay shipping she said “3 or 4 days that’s all”
Maybe. Or PSA on behalf of a big player. Like I said, I don't know. I'm not on the inside.
Is PSA listing cards they own? Again, I don't know.
I sold a card I bought on ebay for $15 and the offer was way above market value at $65.
I sold another for $25 when there was currently at the time, several of the same card listed on ebay for $20.
Why would PSA offer prices like that expecting to see no profit?
They should stay in the grading business. Leave the selling to others.
Makes me wonder what the intent is
You're taking it awfully personally.
I don't mind if PSA plays middleman or frontman in connecting buyers and sellers.
I've also had offers of $6 for some of my vaulted cards. I just chuckled and ignored it.
Just don't get me started on PSAs partnership with that Courtyard graded card vending machine. LOL
I’m sorry Ron but I’m really not interested in what you think I should take personally or not. You go be PSA’s boot licker. I’m not interested in anything other than properly graded cards.
Would you be surprised to know one of the cards that graded 8 was cracked out of a PSA 4.5 holder ? Well it was , that’s how bad it’s getting there.
Yeah, but also like why even post if you're going to act like a lolly pop when someone offers an opinion.
So I was right.
Hahahaha He don't know me too well, do he.
So why whine about something that doesn't interest you.
No. Are you surprised at that response?
Yet you keep going back. Rage on, miserable guy. Rage on.
Ron does seem like he likes PSA a little too much.
If you look at the offer PSA made Ron. They offered him 10-25 dollars back that he would have to pay in fees. Then offered him 26 bucks for his card. I'd be surprised if Ron didn't take the offer. I'm also surprised Ron sent that card in to be graded. I'm also surprised someone else has one posted on eBay for 75 dollars. That card is pretty crappy. I'd be surprised if anyone could post a better example of a pos card that PSA was willing to make an offer on.
So like don’t take the offer and yeah it’s a bit weird and there’s a bit of a conflict. But this is what it is until everyone stops using PSA.
I don’t like it either because it adds delay and they should let you opt in to receiving offers. But like they know they run the show. They could add to their terms that if they want to keep your card they can pay you the value they decide and we would keep sending em in.
I usually send in 3000-5000 cards a year and have for a long time.
This year will be less than 700.
I asked PSA to opt out of it and they said I can’t. Who knows what they are doing? They can crack it out give it a grade higher and cash in. It’s a huge conflict of interest.
I’m earning more sending cards to GMC and I don’t have to wait 4 months either. They sold more cards for me in the last year than I would have sold in 5 years. Graded and raw.
Ron gets into more arguments than anyone here.
I don’t submit anything anymore unless in the grade I believe it is is worth at least $100-$150 or it doesn’t pay. When you get 5 “altered” cards that are clearly not altered you pay for those. It’s like lighting a Ben Franklin and watching it float away. I have another 175-200 cards there now and won’t send anymore unless it benefits me.
GMC sold a nice 1969 Seaver for me tonight for $430. I paid $70, it was in a PSA 5 holder. You can make a living cherry picking wrongly graded cards from PSA.
GMC just sold a 1973 Rose for me for the same price as I sold a graded 8 last week, $242
Rock on raw card world. Hugs and kisses to all the buyers.
Huh? LOL I praise PSA if they do something right, and criticize them if I feel they did something wrong.
And what are you even talking about? I didn't sent that card in to be graded. You're talking about fees and other stuff not knowing anything about it. It's in my vault. It's part of my Ron Cey registry.
But I guess we're just throwing out personal attacks and trashing fellow members cards and collections now?
The image you posted says 25.92 No Fees. I took that to mean that you sent it in, they offered you 25.92 and to wave your grading fees. So, what does it mean?
The Idea of PSA cracking out their own cards is a bit of paranoia...now i will tell you that cards can and are graded well below the real card grade nowadays (and nope don't say standards are stricter because a standard is always the same regardless of time like weights and measures CAPISH?)....under grading seems to happen MUCH MUCH more than over grading these days...It is scary as well when you consider the value difference between PSA 6's and 8's for the 50's, 60's, and 70's hall of famers...this could be their undoing in the future if it persists to a large level...yep vintage IS the anchor to modern cards...once the anchor is gone the PSA ship will sadly drift around with no guidance...
I sold raw cards for 20 yrs before PSA > @CardGeek said:
I don’t think they wave the grading fee as you are charged once the grades pop. I believe and could be wrong but no seller fees apply . Either way, I’m not interested considering after to and return shipping makes your cost in the $20-22 range per card.
I just want to let everyone know that the CU member Harnessracing is actually the disgraced, but not banned, member gaspipe26, which he freely admits to in the "It seems like older PSA certs (same grade) are selling for less" thread.
In case anyone isn't familiar with the all defrauding that gaspipe26 attempted in April/May of 2021, you can read about it in this long, but eye opening thread.
https://forums.collectors.com/discussion/1056442/did-anyone-here-attend-this-auction-in-delaware-mostly-unopened/p1
People can think whatever they want about me posting this, but I care about this forum, and it's members.
I agree with you 100% however that does not change that i agree with him 100% about this topics issue.
It's the singer not the song - Peter Townshend (1972)
Not even a minute do I buy the whole buh buh buh I'm a man-child japery - Me 2025
If PSA is making offers on freshly graded cards, then that seems like a HUGE conflict of interest to me.
there is absolutely nothing that would keep them from initially grading low/conservative. then making a sale. then cracking/regrading higher.
this seems rife for abuse.
George Brett, Roger Clemens and Tommy Brady.
It means you didn't read my words that accompanied the picture.
"This feature has been around for vaulted items for a few months now."
"I get offers all the time on my cards in the vault, mostly lowball offers, but I've sold a couple that were a good price."
"The offer price is what you get. No fees or shipping or anything."
If I accepted the offer, that means I sold my vaulted card for $25.92 and I'll receive $25.92.
Notice how I'm still helping you despite you trashing my card, my collection, and the method of my collecting.
I just removed an ebay listing of one of my vaulted cards that I had listed through PSA.
THE SECOND I unlisted it, I received an offer on it, albeit lower than I was willing to sell it for, but not really a bad price.
Which means that there is a standing offer on some cards and it's all automated.
Everything is not a conspiracy.
Also, offer prices vary. My vaulted 1973 Topps Schmidt/Hilton/Cey Rookie PSA4 gets offers all the time.
They've varied from $115-$177. Again, that would be the price I get since there are no additional fees.
That high of $177 offer would be the equivalent of me selling on ebay for $203 minus roughly 15% in fees.
The 'no fees' thing actually makes this interesting. If I sold any of my cards then I'd be tempted by this service. A quick(ish) way to get them graded and sold.
Is there a way to trigger this only if they come back at a minimum grade?
If the offers are fair, then it's tempting, but most are pretty lowball.
And most all the cards I have vaulted are PC cards that I'm not looking to sell, but some offers are tempting.
I don't know of any trigger to get offers, and as I've said, the offers I'm getting are cards that were already graded, that I bought on ebay, and shipped to my vault. Plus some graded cards I mailed to my vault.
I haven't graded any cards recently or seen this feature with cards I've previously graded.
I do have 4 subs estimated to be ready in about a month, so we'll see if any of those get offers.
This offer option appears new to freshly graded cards according to the OP, but offers on cards in the vault has been around for months, which is my situation.
Has anybody accepted one of these offers yet? I would consider it on some in my most recent order. I agree on the conflict of interest. But I'm looking at some of these thinking I plan to sell given the grade is not great (in this case dont think way undergraded). So I would wait to get it, send it off for consignment, wait for the auction, then wait a while for the payment. If I dont feel they got it very wrong, it may work to just go click click and get paid.
Had seen something about setting up a Stripe account, clicked on it and it took me to a place not related to setting up a Stripe account. Would be cool if the money went straight into your Paypal account but probably does not work that way.
Actually, PSA announced beta testing for this not too far back.
Basically, a small preselected group of buyers now gets notified when a card that they may want is graded and they get a chance to acquire it after grading and before it leaves PSA by making an offer. Assuming it goes well, it will probably be opened to a wider audience.
Since it’s considered a vault to vault transaction, there’s the tax benefits.
I don’t see any major issues with it though it does unfortunately add to the turnaround time.
Curious about the rare, mysterious and beautiful 1951 Wheaties Premium Photos?
https://forums.collectors.com/discussion/987963/1951-wheaties-premium-photos-set-registry#latest
At this time, I am going to pass on Accepting Offers. This is the third order where I have seen offers and the first time I felt, that feels fair and I would actually like to be paid that amount for that card I am not too excited about after seeing the grade.
But I see there is a note that says by clicking Accept this means you have read and agreed to the PSA Consignment Offer and that is a long legal document. The way I read it, it almost sounds like they have language that says yeah, we offer you 45 dollars but if we consign it and it does not sell for that you dont get the $45.
If its just the card has a real established market and they know they can get around x and want their 10% cut and will give you 90% of that average sale price or low end sales price, I sometimes could live with that. But its still not clear how it works.
Just to add, RonSportsCards has no love for me for whatever reason but I find him to be very knowledgeable and more than willing to share worthwhile and accurate information with the CU boards.
Curious about the rare, mysterious and beautiful 1951 Wheaties Premium Photos?
https://forums.collectors.com/discussion/987963/1951-wheaties-premium-photos-set-registry#latest
My ship has sailed on my last order as its in the mail and that works for me. I probably do as usual and walk up to 4 Sharp Corners at the next show with the ones I dont like, the duds, the misses.
But if anyone does go the route of accepting and receives the money, would appreciate any info shared about the process, how money is received, etc. I dont have any orders pending now but I will put a 50 to 70 card order in the mail or drop it off in the next few weeks.
I am near certain that in that batch there will be cards where I feel like man, that was a disappointment, I dont want it back, I'll take your offer if reasonable and I dont feel like I got too raw of a deal in total. That last part is important. If I feel I got the bad grader I'm not accepting their pennies on the dollar. If I'm pleased, I can keep the good ones and let them pay me for the ones I like less.
That's what dealers used to do before grading. They would tell you your card is EX when they buy it and then mark it as NM when they turn around and sell it. I guess everything comes full circle.
Ha. For real.
Everything old is new again (except me!).
They continue to the same thing. Now it's "that's an old PSA slab. A PSA 8 back then is a PSA 4 now". The minute it's in their hands, "check out this beautiful PSA 8. I think it's undergraded!"
Ain't no liar like a Collectible dealer.
It's the singer not the song - Peter Townshend (1972)
Not even a minute do I buy the whole buh buh buh I'm a man-child japery - Me 2025