PSA'S MAX DECLARED VALUE - How to submit to PSA - What is Max Declared Value?
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- เผยแพร่เมื่อ 7 ก.ย. 2024
- In this video, I talk about the Max Declared Value when submitting to PSA. When submitting to PSA, you are required to fill out the max declared value of each individual card and it can sometimes be tricky. I cover everything you need to know about max declared value when submitting in this video. Be sure to watch the entire video.
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I have alot of cards I would love to have graded. Its just scary thinking about sending them out and the hidden costs. this is very informative. Thanks!
Damn, that's just dirty in my opinion, they provide a service to grade, why charge more or less just because a card is worth more or not. That's just greed. I'll be looking into Beckett
Psa is gets the most value and if you want to sell it help it sell quicker...bgs ok for pc stuff but if you want it to gain value psa the best
i dont mean to be off topic but does anybody know a way to log back into an instagram account..?
I was stupid forgot the login password. I would love any assistance you can offer me
@@wakeupsmarter4717 they have no pictures of what their labels actually look like. everything has #nospoilers and bunch of advertisement. pretty dumb if you ask me
I remember calling and speaking to a PSA rep and they told me the same thing. They will contact you and tell you the card is valued higher and the cost of grading goes up. Great to see a video on this subject. Keep up the great work
I don't know why they charge more for higher end value cards. A grading fee is a grading fee. Just another money grabbing scheme
That’s capitalism don’t like it grade it yourself.
@@jk47Ssb That sounds like something I would say. HAHA
Totally agree. Tbh that reason is what's holding me.back from submitting a bunch of cards
@@jk47Ssb capitalism is using bgs because they are a better and more transparent grading service
For insurance when they ship it back.
This was super educational, TY so much! I sent in 3 cards a few weeks ago and got an email today saying the insured value on two of them was 49 and the other was 199 and I didnt know what it was trying to tell me.
If I was PSA and I was Grading your vid.. I’d give it a 10! I got all the info I needed.. Thnx Again!
This is really helpful, I get this question so often.
Glad I can help!
@@GRADEDCARDINVESTOR so that 75 bucks u payed for the shaq card is all u paid for that card right? Or was there another charge also? Or was deferred value the only charge?
Piece of the pie, thats what it is,,, you nailed it Matt, no other way to see it...
Could be related to operating costs... Actual insurance policies etc.. But they are not a very transparent company.
From one Knoxville resident thank you sir, this is something I have been wondering about for a while.
Just submitted to PSA for my 3rd month in a row! Slowly building up my collection so haven't had to submit anything over $500 declared value. Thanks for the video, good info!
That is awesome! Good luck with the subs!
I think they should go off the value of the cards were at the time they sign for the package. I've been waiting 7 months for cards now that if 10s were selling around $100, now they are selling for $500 or more. Not really fair to upcharge for a momentarily spike in the market.
If we the people will stick it to these greedy companies well ya shit will change but of course not cause we the people love to get bent over and complain about it lol
It's actually to protect you (insurance) in case something happens to the card before it's returned back to you
I agree! Hell, by the time they finally get it back to you it may only be worth $50.....🤣😂😆🤣🤣
@@TheGargoylesDen doubt they refund..
I bet that sucks! But on the other hand, PSA sucking at their job, has made you $500 extra. Haha! I been wanting to submit an order for 2 months, yall all got me scared!
Yooooo Matt thank you for answering the most frequently asked question!! I wasn't sure what they would do or even how they do it...but now I got it!! Thanks for the information.
No problem! Glad I could help 👍
Ohhhhhhh so that’s how. I just used to look at eBay recently sold
I love these types of “how to” vids. Thanks Matt.
GREAT video! Thank you! I’m on the verge on submitting cards to be graded, and still have a lot of questions. Thank you. 🇺🇸
One of my favorite hobbies is finding REALLY nice PSA9's and doing BGS crossover reviews with a 9.5 min. Since PSA has no 9.5, some of their 9's are way better than an average 9 and are at least BGS9.5 worthy.
If the card doesn't meet min grade they only charge you $20. If it crosses, you only pay the service fee with no up charge. To me this is a GREAT deal and very fair.
With PSA you not only pay the full service fee regardless of outcome, but you're also upcharged on the new value too. A BGS9.5 with great sub grades is basically a PSA10 in value. So you instantly make 2-4x your money. Plus $20 is low risk if it doesn't cross.
Ryan Deffley can I cross my psa 9 over to bgs without cracking the case, and tell them that if it isn’t a bgs 9.5, then just return it in the psa slab?
@@264rubymi - Well here is the thing. There is a lot of politics between the grading companies. I'd say 95% of the time if you send in a PSA slab to BGS, it is an automatic reject. I can personally vouch for this.
When I've tried to send in 9's in slab, they have it processed, "reviewed", and shipped back to me within 1-2 days. There is a backlog where two day service is supposed to take like 10 business days. So the fact that it comes back so quick means they didn't give it a fair review IMO.
The ONLY true way to get a fair unbiased review is by cracking the card out and submitting it raw.
Thanks. You probably just saved me a ton of money buy up- charging myself instead of forcing psa to do it.
Thanks for this info! I was just browsing their price guide and your video answers all my questions. Take care!
Great to hear!
New collector here! Looking to grade my first cards soon and this was SUPER helpful❤🤙🏼
Thanks for the feedback, I'm glad it was helpful!
Their pricing structure is what’s keeping me from submitting. $250+ is a large upswing from their base price.
Yeah it is lame and very limiting. I hate that they have the lions share. I much prefer SGC and TAG but valuation is real. Maybe the balance will change someday .
Thank you for posting videos like this.ive been following you when i first started and your videos always offer guidance. Thank you for being you
Glad to help! Thanks for being a long and loyal supporter! 🙏🏻
Great video! This really shows how the potential added fees work. Crazy with how long a submission can take, really allows for some serious price/ fee changes. Thinking if I submit, I'ma have to make sure I'm prepared for the added fees.
Thanks for the feedback! The fees are a big surprise for most and hard to wrap your head around but after you submit once and go through the process yourself it's actually not that bad. I'm still sweating over the huge Luka rookie card submission I'm getting back soon... I'm hoping there are 10's but the cost is going to destroy my bank account 😅
This was the biggest question on the submitting part iv had thanks bro!!!!!!
Glad I could help!
Getting back into cards thanks for posting super informative easy to digest videos
Glad you like them! Thanks for the feedback! 🙏🏻
Thanks for the helpful information. I just submitted an ultra modern bulk and put all the cards at $199. I agree, if the card it’s worth more when it comes back, I wouldn’t mind paying. The same thing can happen vise versa. The card can jump down in value. I guess it depends on how long PSA takes to grade and ship back.
You should plan on getting that back by the 2021 MLB All-Star Break
So I have a question, if I send in 20 cards and one of them got a PSA 10 and is worth $4,000. I have to send PSA $1000? I’m sooooo confused
Yes to grade the card worth 4k.
Isn't that ridiculous?!?!
Great video. Thank you! This and your previous video are the best on youtube.
Glad you think so! Thanks for the feedback 🙏🏻
Come on Matt! only a 12 minute video??? Was thrilled to see a new video from PSA COLLECTOR on my feed but sad to see it was only a short video :( lol
Great video man, I was really unsure about this.
Glad I could help!
How does psa KNOW that my card will sell for the declared value?
There is no GUARANTEE that it will. Then the pressure falls on me to get the 'declared value' fee back plus make a profit.
The only one in this whos absolutely GUARANTEED A PROFIT IS PSA.
Thank you so much,you have helped me tremendously!! Keep up the good vids and keep collecting!!
Thanks, will do! Glad to of helped!
Thanks heaps buddy for all of your awesome work
PSA max declared value has always been such a gray area. Thanks for the video man!
Awesome video. Love how you set this up and deliver the info. I just learned so much..thanks!
I talked to a PSA person and they told me they hope to have the $20 service by January or so. The service is not gone - just suspended for now.
Yes and you can still submit 20 day using other services like people who have preferred accounts. And the price is much lower too.
Jan lmao
Wats up matt...always puttin out interesting content, i gotta go back and rewatch ur updated psa submission know how🥂🤝
Good video. Very informative. Thanks for publishing this one.
incredibly helpful fam, thank you for the detail. answered all of my questions 👊🏻
No problem 👍
Very helpful info! Thank you. The only question I still have is what value do you enter on the form when you pretty much know it exceeds $199? Like you, I am fine with adding these cards to my bulk order and just paying the extra fee when/if they tell me too- just wondering if I enter $199 in the value field. thanks
you live in TN, thats cool me too
Two questions.
1. When determining max value, do you base that on whether it will grade at a psa 10 or not? So if i think its a 10 but it comes back a 9, will psa reduce the submission fee?
2. What happens if a card is valued at $1000 at time of submission but it goes down due to a market crash, say $200. Is the submission fee reduced?
Thanks
No they will charge u for what u thought it was never assume its a 10
KEEP DROPPING VIDS LIKE THESE
Great video! I wish you would zoom in your psa submission, it was a little hard to see
I member chasing those beam teams and golds from 92 topps bball 🔥I also had about 50+ Shaq mcds rookies and mjs ect the workers would toss me extra packs cuz I'd bug them to when i ate at one down road from my house😂
It's like going to a steakhouse, ordering the filet mignon for a hundred dollars, at the end of the meal, you get the bill for an additional $400! What's this!? Oh we made the steak special for you. But the cook, he cooked the steak on the same fire as all the others? Yes.
Point is they have graded the card, that's what the initial charge is for. I think airfare and a hotel would be cheaper than paying all that insurance.
Thanks Matt! Good info very helpful..
You bet! Thanks for the feedback!
My first psa order is currently in the 7th stage of an express order, im so nervous/ excited to see my grades.. i sent a charizard holo xy evolutions and 2 topps derek jeter topps base .. i really really hope i get upcharged itll be my daughters to hold forever.. thanks for all thr tipps ive followed for just over a year now
Thankkk youuuu for the break down, I’m about to sign up this week and send a bulk out
Virus or not.... Booming market or not.... there's no excuse for taking up to 8 months or longer to return cards. Especially a company as big as PSA
Answered my questions
Glad I helped!
great vid thank you for the info
No problem 👍
Thanks Matty! This was big source of confusion for people. Thanks for clearing this up. Have a great Halloween mate.👍
This is helpful, how do I price Lebron rookies? How do I know if it’s a 10 or 9? Should cards like that not be sent in bulk?
Ever consider making a video on how to properly crack a case by a lesser grading company? Also, how often have you bought graded cards from other companies only to ship them off to PSA to get that value bump? To crack or just have them re-slabbed? $50 versus $12 (if doing bulk, which I know you do obvs). I'd love to hear your thoughts and opinions.
You can get graded 10 Jordans for about the same price as raw with some cards. I like the idea that ANY grading company gave it a 10 as it lessens the gamble slightly when buying from eBay. Some of those Jordans will jump to $200+ for a PSA 10 and still have good profit even if they come back at a 9. I'm testing the theory now and just got a handful of WCG 10's that look real nice condition. I am going to crack them as opposed to re-slabbing. The $50 price tag would kill the profit potential unless they came back a 10.
Seems kind of no brainer but I am not the sharpest tool and am jumping on the train kind of late. I assume any edge I have found has been explored by someone with longer standing and a better knowledge base for sports cards. But I haven't seen anyone talking about this in depth as a strategy.
Use tin snips and flathead or similar. It is very easy but go slow. Snip the corners until you can wedge something flat and go around the edges. There are videos out there. If I can, I will post one someday. I do it all the time with USA and mint grading shite from 15 years ago
Love watching the vid's my man! I just submitted 6 cards, one being a Montana RC and put $100 value ... yikes! ... hey, what screen capture are you using, love that picture in picture and want to do it on my videos
The service level pricing isnt just because of more insurance as you state. It doesn't cost anywhere close to $2000 to insure a $25000 card. The service level pricing is a way to generate more revenue for PSA
How do you determine the value of a card which has no psa graded sales and/or serial numbered cards such as 1 of 1’s?
It's a little bit intimidating now...lol.. I should have known PSA was going to change up when they took away paying with money order.. lol.. all good..Great info...
What If I go drop off the cards personally and pick them up. Would I still have to pay the declared value?
Same question I was looking to find out
Yes because they still have to walk them up to the counter. Lol
Should PSA use sold auctions from pwcc, probstien? Due to certain things that may be going on with them? At least account for inflated auctions.
No way. And forget about just them they shouldn’t use the highest price realized
What happens if the opposite occurs, that you believe it is an expensive card and coming in at a 10 and select the category best fitting for that price range, but then they grade it lower, thus the value is lower. Do they adjust that fee then too? Great video, thanx!
Man I think everyone worried about 1-2 cards being up-charged for getting a 10 that sells for $250 when they send in and now is worth $5-600, has forgot to do the math on how litte $10-12 up charge is compared to their profit.
Exactly. You want PSA to call/email you to say they need to upcharge. Because that means your card is worth more
Imagine scooping up those Shaq's at
Except they are selling for 9k now
The only issue I have is with removal of economy at $20 for value through $499, if they deem your card word $350, I heard they are charging you the full $50 vs the $20. That is the only negative I see to their current pricing model.
How do I know what condition that I will think my cards in?
Thank you for the video!
My pleasure!
Gee, I wonder if they refund money if your cards are at PSA for months and months and they decrease in value and should be in a lower bracket? I'm a PSA fanboy but still think it's messed up how they can do this. They should take the possible market values in all grades when they log the order in and once graded go back and see what the value would have been. Or at least do it when the cards should have been graded and not on the delayed time. Love the vids man
Once you get your card back you should get your insurance money back. The value of the card is yours they shouldn't get a piece of the pie because the car is worth a ton of money. I get that they need the insurance for it to go through the mail in case something happens to it when it leaves their facility but once it arrived safely you should get reimbursed if it doesn't get damaged or lost
Another great informational video!
The worst case is that PSA is going to get tired of people submitting cards well over declared value as bulk and will just increase the prices, which is exactly what they did.
I can't even afford to grade my 1st base set now.
sell to me then ! terpyjor is my IG
Asking Question, if you have graded cards PSA even though you are not selling them you must report them on your 1099 tax form
I can see why SGC is appealing
Great video
very helpful. Thank u
You're welcome!
thanks for the information dude got some really old baseball cards and base set pokemon cards
Another Great Video
Hoping for more
Ive been picking up some 🔥 lately need to Submit Ive also let go some things raw i shouldve got graded 1st oh well some of that money i bought more cards and a 600 lawn mower and other things. essentially using cards as cash themselves.
you forgot to mention if you send in bulk and the cards are lost or damaged you wont be covered for them just the bulk value so you could lose big time if you have good cards sent in bulk
Hot damn this was SO helpful. Thank you!
Really helpful!
Is there a way to not get the grades before? Cause I wanna submit but don’t wanna know grades before hand.
Thx keep up the great content
Wow. So if I have a few Bird-Magic rc it’s gonna cost 2k or more to grade.?!?!
If this is strictly for insurance to send it back to me, why wouldn't i just buy a plane ticket and come to them? Is that an option? If it is id do it every time.
I'm about to get some cards graded and live in OC about 10 miles from PSA. They won't let me submit the cards in person, but there are card shops around here that they do allow in-person submissions and in-person pickups - I'm planning to submit my cards through them. So in my case there is no insurance needed. I highly doubt there will be any reduction in fees because of this...
@@ksteege120 That seems shady as heck. They are providing me with a service, and i am paying them for that service. Nothing more. How can they charge you an extra $3000 just because the card happens to be worth money? They gave you the same service regardless. I even heard that if you do pay the extra money up front and the card grades less than you thought that they wont even refund you. This all seems very wrong.
Interesting content. Thumbs up.
Thanks for the visit
Wouldn't it still be wise to send it in with a lower declared value? Cause if they give it a 10 then you'll have to pay more but if you pay more for a higher declared value submission and it doesn't get a 10 you don't get that extra $ back??.
At what stage does PSA contact you about the upcharge fee when declared value is much higher than what you originally put on submission? Just right after stage 4 (i.e., grading and authentication stages)?
So I have a card that's max declared value Is 16,500 dollars, but I know it's not a gem mint 10. So basically it's not worth grading because it will cost me a grand to grade it, but it's probably only a psa 5 or 6.
Thank you!!!
Thanks man
Not a fan of the up charge at all. For example o submitted a select rookie silver of Lamar Jackson in March. I didn’t get it back until august when it had a couple sales over $1000 and had to pay $75. By the time I got it back it started selling for $500-600.
I understand for any card getting a 10 is tough as it, especially for 80's and before cards, but the upcharges is absolutely outrageous as I can say my vintage car is worth x amount but selling it is a different story. It's highway robbery
Appreciate the video - for anyone, have a question: Going to send 50 modern cards shortly for bulk value grading. A few are over the $199 declared value ... say the order takes 5 months. As of now, I know I’ll be up charged $50 potentially for the cards valued higher, but that’s just because economy is down right? So say it is back by the time the cards go through 5 months from now - the upcharge would just be $20 right?
Thinking of just sending those higher values cards now and banking on being upcharged $20 instead of $50 assuming economy returns by then ...
Sgc is best psa is greedy. Only thing I don't like about sgc is the mark they leave on top and bottom of slab when they seal it up.
What I would say is that if you don't need the card back quickly, use the least expensive option (bulk if you have Silver subscription and enough cards to send at the same time). Do you know what is the turnaround time for bulk at the moment? I guess that it must be close to a year.
It seems the service should be a flat rate. If the card is valued higher why should PSA get any more for it?
How do you estimate a card which only has value as a 10. For example 1986 fleer basketball Jeff Malone.
So all the folks who bulked base Charizards 6 months ago but they took still haven’t got to them now 8 month mark happens and the value is now 10x what is was do you have to pay the up charged fee? That’s insane that their delayed now is costing you thousands more.. some families can’t afford that.
Great video man! This was great! Question: Is there a way to pickup our order from PSA and avoid the insurance payment? Cause if its $10-$20 per card, plus shipping, and to insure the card on the way back, it makes me think about submitting cause it cuts into profit margins.
I'm not sure about that. Try contacting PSA and see what they say.
Yeah a round trip plane ticket would be cheaper it’s all a sham clearly psa is raping ppl
So they charge insurance fees on top of the grading fees? How the fuck is anyone supposed to make money doing this?
Whatsup bro love the channel. I was just wondering if you thought a card would get a 9 so you put the declared value as a 9 would get, would that persuade the grader to give a 9 when it could of possibly gotten a 10?
I wonder if you over estimate the value of a card and pay the higher fee and it comes back graded lower than what you thought it would be.. would PSA refund you the difference in the fee?? I highly doubt it...
If u drop ur cards off at their shop and pick them up would they still charge by the declared value thing for insurance purposes if it gets lost or damaged in the mail. I bet they dont like drop offs.