Declared Value on subs
bbcemporium
Posts: 684 ✭✭✭
I tried to do a search on this topic, but all of the result links didn't work, not sure why.
Anyway, my question is in regards to correctly declaring a value for subs to PSA. For example, let's say I buy a 1957 topps Ted Williams on eBay for $100 and decide to get it slabbed. The card has a high list value of $600 in Beckett, and I think it will grade EX. Now if it would actually grade EX, I could sell it for around $150 (all these numbers are estimates). My question is, if I declare it's value for $99, to get a cheaper grading cost, will PSA frown upon this practice? Is it totally up to me to declare the value simply for insurance purposes? Any feedback would be appreciated.
Anyway, my question is in regards to correctly declaring a value for subs to PSA. For example, let's say I buy a 1957 topps Ted Williams on eBay for $100 and decide to get it slabbed. The card has a high list value of $600 in Beckett, and I think it will grade EX. Now if it would actually grade EX, I could sell it for around $150 (all these numbers are estimates). My question is, if I declare it's value for $99, to get a cheaper grading cost, will PSA frown upon this practice? Is it totally up to me to declare the value simply for insurance purposes? Any feedback would be appreciated.
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"Common sense is the best distributed commodity in the world, for every man is convinced that he is well supplied with it"
"Common sense is the best distributed commodity in the world, for every man is convinced that he is well supplied with it"
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<< <i>I tried to do a search on this topic, but all of the result links didn't work, not sure why.
Anyway, my question is in regards to correctly declaring a value for subs to PSA. For example, let's say I buy a 1957 topps Ted Williams on eBay for $100 and decide to get it slabbed. The card has a high list value of $600 in Beckett, and I think it will grade EX. Now if it would actually grade EX, I could sell it for around $150 (all these numbers are estimates). My question is, if I declare it's value for $99, to get a cheaper grading cost, will PSA frown upon this practice? Is it totally up to me to declare the value simply for insurance purposes? Any feedback would be appreciated. >>
From what I understand, you can declare whatever value you want and it won't matter to them. After all, they charge you a higher price based on a higher declared value because the declared value is what you would get paid out for should they damage or lose your stuff.
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"A note about the declared value section and service levels: Please keep in mind that the declared value section is crucial in filling out the submission forms properly. For example, if you declare the value on a card, no matter what type of card -- star or common -- and the value is $1,200, you cannot submit that card at any service other than Express or higher. The value you declare on each and every card affects the service type and failure to comply with the stated rules can delay your order. PSA appreciates your attention to this matter. Please follow the declared value rules stated on the submission form."
(While there are some guys that will lower the declared value to save money on insurance, there are those that don't play that game just in case of damage or loss.)
PoppaJ
Edited to say: Sorry if part of my reply duplicated Mike's (VitoCo1972) answer, I'm a slow typist.
<< <i>
<< <i>I tried to do a search on this topic, but all of the result links didn't work, not sure why.
Anyway, my question is in regards to correctly declaring a value for subs to PSA. For example, let's say I buy a 1957 topps Ted Williams on eBay for $100 and decide to get it slabbed. The card has a high list value of $600 in Beckett, and I think it will grade EX. Now if it would actually grade EX, I could sell it for around $150 (all these numbers are estimates). My question is, if I declare it's value for $99, to get a cheaper grading cost, will PSA frown upon this practice? Is it totally up to me to declare the value simply for insurance purposes? Any feedback would be appreciated. >>
From what I understand, you can declare whatever value you want and it won't matter to them. After all, they charge you a higher price based on a higher declared value because the declared value is what you would get paid out for should they damage or lose your stuff. >>
This is true for 99% of the cards that a guy might submit, but it's possible to take it too far. If, for instance, you're subbing Clemente RC's and declaring the value at $75 each so you can slip into the next grading price tier my understanding is that PSA will, at times, call a guy out for that. Although I should stress that this is all heresy; I rarely submit cards that have a BV of more than 5$, so I'm just going on what I've heard.