Is PSA a Grading Monopoly? 😬 What Will Happen to SGC Card Values?
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- čas přidán 10. 05. 2024
- Today we talk about:
PSA acquiring SGC
Completing Rainbows
UFC buyback program
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A thinner sgc slab would be cool
It’s always the famous last words. “Nothing will change” it’s always changes and this will be bad for the hobby. I grade with both and I like both but that’s the point of having options so prices stay down and that innovation happens. This merger is absolutely catastrophic for grading. It won’t even be a year before everything changes.
Great job guys. I hope SGC prices don’t drop
What makes PSA a power house is the set registries which are heavily made up of low end base cards. So low end cards to SGC isn't going to be a thing IMO we’ll see I guess.
If PSA is truly reinvesting in a set registry, it would be VERY easy for them to either allow SGC cards into that registry or to re-create a registry for SGC. It would be a no brainer to leverage their investment to cover both PSA and SGC cards.
Monopolies are NEVER a good thing.
True but this is not a monopoly… Collectors do have other options to grade.
I agree with you but calling PSA a monopoly is looking at the issue completely wrong & irresponsible. This is a collector driven issue not a grading card company one.
I don’t consider it a monopoly - statistically it’s close, but I definitely see it as an anticompetitive move which I will poo-poo every time.
Statistically it isn’t close… there is still at least 3 credible grading companies people have to choose from. CZcams on the other hand is closer to being a monopoly than PSA is & yet here you are using their platform & leaving comments.
I would agree that they are not a Monopoly YET. But if you think they are going to stop with buying SGC, you are in for a surprise.
The pre acquisition sgc slabs may have an opportunity to become valuable it just won't be for 20+ years when they become rare.
I'm doing a wiseman optic rookie rated it's taken along time 40 plus cards
I’m doing an optic d. Pierce rainbow myself
Grading is a scam anyways. Raw cards are the way to go, old school baby!!!
I believe that until an idea (if any) comes to mind and potentially unify the slabs, the grading system and so forth both company’s will continue as usual. Unless the parent company “Collectors” implements changes and begins the merger of both operations, we should not clutch our pearls so tight
I have 5 rookie Kobe Bryant cards and one LeBron rookie card and 5 rookie Patrick mahomes rookie cards if I get them graded and they are a high ,8.5 or higher should I go to auction house and sell all 1 them at once or all together
Lol Doug said 'ehhhhh we'll see what kind of basketball games are on' full knowing his boys have to go to Rocky Top this weekend precisely when the trade night starts. I see you Doug.
Set registry of common base stuff is useless unless it’s $5-$8 per card
As expensive as rainbow chasing is. I’ve noticed a lot of people are doing the non-numbered rainbows
I’ve opened many sgc slabs by hand it’s tooo easy!
Too many companies that still exist for a true monopoly, a couple that are still prominent with CGC/CSG and BGS, nothing mattters until PSA opens up a lower price point grading level
Fanatics should buy BGS
PSA Magazine will eventually add a price guide for SGC slabs.
PWCC literally sold a PSA 3 E95 Caramel Cobb last week for $11,700.
Sgc value going up
I don't think so. But, time will tell
Hard fart on that
If a crossover happens, it will help SGC prices, hurt PSA prices!
Not a fan of the tuxedo slabs. If I could trade my Ohtani SGC 10 to PSA that would be cool. But generally not a fan of the monopoly situation.
what does pops mean ?
SGC will GROW from this. I have been around this card collecting thing for 30+ years. There was a time when BGS was at the top of the card grading game. People decided to go with PSA cause it was cheaper..and did the same thing. Now for whatever reason people think PSA does something different, when they dont. SGC customer support is second to none, their turn around times are better, and price is significantly less in comparison to the competition. Sooner rather than later, by PSA capturing SGC PROVES there is no difference in card grading between these two. In fact SGC has been more consistent. PSA knew if they didnt grab SGC, they were going to move forward expeditiously. There was always a monopoly, it was just hidden. the consumer controls all. support what needs to get supported and stop over inflating PSA slab cards on ebay and so on, and the market will fix itself. SGC has wayyy too much vested in vintage cards for them to get wiped out. Wont happen. Support what truly deserves to get supported, and stop the sky is falling approach with PSA. PSA was the low budget option back in the days, remember that.
Psa new fanatics would eventually get sgc.... so they beat them to the punch
Yes
Sick UK hoodie
Because I have no skin in the game and never found SGC appealing, maybe Collector's Holdings might have acquired SGC with a strategic agenda... and think about this...
Collector's Holdings turns SGC into a lower tier grading company, more geared towards the Personal Collector. Offering slabbing at $5-8 for Authentication Only, no grading. Visually "it is what it is" as far as looking at the surface, corners, edges and centering through the slab. Develop your own opinion since many think grading is somewhat subjective as an opinion. The key takeaway is to remove forgeries and restoration (trimming, color touches, etc.) and simply authenticate. That is the role of SGC going forward.
Then what that does is possibly anger some SGC loyalists, but from Collector's Holding's perspective "Who Cares!" since they're the new owners and have zero to do with the past of what SGC was. Then Collectro's Holdings offers SGC owners, people who have cards graded by SGC a special crossover rate to covert them into PSA graded cards. What that does is increase PSA's marketshare and convert (by a zero option forced situation) SCG loyalists into PSA customers, since many might feel SGC is a dead company for their purposes of having graded cards and will be long since forgotten in the future, so they have to crossover. The other options being CGC and BGS wouldn't be attractive and PSA would offer an attractive one-time only rate to rush decision making by SGC card owners to crossover now.
Now Collector's Holdings owns a greater marketshare in the graded card market and has a different, new card encapsulation company focused only on authentication which might be very appealing to many collectors and even resellers, reinventing the secondary/resale marketplace to shift away from the grade and put the authentication in the forefront. With a rate lower than $10 per card, it can really attract a lot of customers who just want their cheap cards slabbed, I used to be one of these collectors when I had a $6 rate with BGS years ago and got $1 cards slabbed because I liked the look, sort of like buying a picture frame. So, I understand the motivation and appeal of something I'm predicting if not proposing (Collector's Holdings... feel free to contact me as a consultant :) !!!).
Much as many companies have a prestige brand and a pedestrian brand... look at Gap, it has Old Navy for the Blue Collar working class and Banana Republic for the White Collar office workers, then Gap is the middle of the road. That's brand positioning and catering to target audiences.
With grading, I don't think it works having SGC as a parallel grading company. SGC used to be a competitor. They can't co-exist with PSA under the same ownership and add much meaningful value. It's eaiser to acquire SGC to then destroy it and reincarnate it as something different, as I propose... Card Authentication.
We heading into a monopoly for sports cards where Fantastic wants to control the ownership production of cards and PSA the control for grading cards.
People are paying $1,000 cold cash for Wemby Silver Prizm RCs in raw condition....
And there are $50 Lamelo Ball Silver Prizm RCs ALREADY GRADED in PSA on the market. So basically, pay the same price as standard grading and get the card FREE, the guaranteed grade of 9 for FREE, plus the option to crack and resubmit well centered cards for a shot at 10 (which can 5-6x value). Turnaround time gets cut from a month (standard PSA grading) to around a week or so from the major auction houses (Probstein etc).
Sorry folks, time to make some serious cash with a market like this. LOL....
Amazing how quick these three were all in on PSA. They know it's good for them. Bend the knee to the monopoly. One company having over 90% of the market is good? Be credible!
Thats funny about taking apart SGC slabs by hand lol
I’ve done it it’s so easy that’s why I’ll never send to them
are u guys gna post about going to a card show soon
PRISTINE OR PWCC???
Pristine for memrobelia pwcc for trading cards better fees
The merger is only good for collectors short term. The combining of population data should be great. But… long term this is not good. Monopolies will always stifle innovation.
I wish CGC and BGS would lower their bulk prices to $6-$8 to get more people to grade and in turn create more competition.
This is the death of both
Your clogging up the grading companies with your cheap bulk cards. Get outta here
@@CDubRealTalk...do you even look at the gem rate data for each company? Grading is not only for the premium cards. So i guess it is better to go out of business than to try and capture market share.
These companies dont want to spend endless hours and resources grading your $5 gem mint 10's. They want all the people who rummege through dollar bins out of the hobby. There is major major money in sportscards now and its going to keep getting bigger. Companies are targeting people with money and want big money cards in graded holders. When you bulk sub 500 cards that have a raw average value of $.50, you are wasting everybodys time, money and resources, including your own. Would you rather own a million cards worth a dollar each? Or one card worth a million dollars? The hobby doesnt want collectors who hoard dollar cards. NO SOUP FOR YOU
@@CDubRealTalk..grading is for anyone. Why would a grading company care of what you grade as long as they get paid. I guess PSA did not like grading my 1996 Topps Chrome Refractor basketball set last year since the majority of the cards were commons.
AI service is coming on line. No more eyeballs. Several AI companies out there!
Kiosk's are inevitable . If you look, Google has a patent on AI grading.
SGC service will tank and their bulky slabs with ugly labels will go up.
I can't see PSA stopping their specials on the low end, I think that thought is 100% wrong. I actually think they will increase those specials as people need incentives to submit as their margins for resale continue to compress.
Nah, people are addicts.
@@pk3739 they are, and they are stupid for a while, but they eventually they wise up.
Make a video where you and your son have 100 dollars and you spend it at a card show or a store and ask a stranger with spent was better
Hate Monopolies. The bigger they get the more they will gouge the collectors with higher fees.
Here is my question. When is the hobby going to get back to kid focused, not just grown men with too much money to spend?
To many cards to store for rainbows. Never liked it.
SGC will stay strong. Their vintage reputation will always keep them alive and well if nothing else.
Ive never heard that about SGC slabs falling apart 😅 its a monoploy bro not good
Qhy would you put the decision on the quality of your card on people and pay them for it
Instead if grading it, just authenticate it
Better slabs for SGC? You are speaking about PSA right? You know, the ones with the absolute WORST slabs in the industry? They are somehow going to improve the SGC slabs? Hahahahahahaaaaaaaaa! Sorry, but that was one of the funniest things I have ever heard.
Not good for the hobby wait and see to much power in one place
Tell me you don’t understand what a monopoly is without telling me you know what a monopoly is.
Exactly.. having a stranglehold on market share does not equate to a monopoly.
First
THERE SHOULS ONLY BE 1 COMPANY GRADING CARDS!!!!!!! PERIOD. NOW THEY NEED TO WORK ON HAVING ALL THEIR REPS BE MORE CONSISTENT
Time to hire a non white guy.