How much do you think PSA makes?
SidePocket
Posts: 2,901 ✭✭✭
After watching the PSA grading video, I assume there really are 5 or 6 people touching each card they grade. Verifying, logging, grading, sealing, packing, mailing etc. Then there's the cost of supplies, holders, labels, packing boxes etc., not to mention all the overhead and the fact they are in Newport Beach.
So how much profit do you think there is for each card they grade on a $5 special?
So how much profit do you think there is for each card they grade on a $5 special?
"Molon Labe"
0
Comments
<< <i>..........So how much profit do you think there is for each card they grade on a $5 special? >>
$4.98
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Since CLCT is a public company, you can read their SEC
filings and make some educated guesses about margins.
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May 11 Conference Call
10-Q
<< <i>
<< <i>..........So how much profit do you think there is for each card they grade on a $5 special? >>
$4.98 >>
Very nice!!
Hmmmm that all depends on how much the graders get paid. Slabs and flips cant cost more than 50 cents combined. I know PSA does make profit on shipping. I paid $26 for shipping and the price on the label was $12. The box, peanuts, tape cant be more than $3 combined....which is why i think they dont let people pick up their orders
<< <i>An article in Tuff Stuff magazine stated that PSA grades over 100,000 cards a month on average. >>
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Looks about right.
Units Processed
Three Months Ended March 31,
2009 ....................................................... ..............2008
Coins 404,600 55.8 % .......................484,100
Trading cards 273,000 37.7 % ................... 327,000
Autographs 40,600 5.6 % ...................... 49,000
Stamps 6,200 0.9 % ..........................12,400
Total 724,400 100.0 % ..........................872,500
<< <i>So how much profit do you think there is for each card they grade on a $5 special?
Hmmmm that all depends on how much the graders get paid. Slabs and flips cant cost more than 50 cents combined. I know PSA does make profit on shipping. I paid $26 for shipping and the price on the label was $12. The box, peanuts, tape cant be more than $3 combined....which is why i think they dont let people pick up their orders >>
Just set up a fedex account... I don't think they can over charge you there... I've been using fedex for over a year now and I've found it much faster and cheaper!