Great stuff. Not only is PSA raking in the cash on the grading side, now they are gouging commissions on selling the slabs too. Bravo PSA. It's a great idea on their part. Brutal, efficient and cutthroat as it is...lol
Great content! I learned from my mistakes and have lots of trial and error. Once I improved my gem rate my profits 📈. Only buying proven players . Keep a plan and stick to it. It's ok to take a L but try to reduce it.
I never send in a card unless I know I can at least double what I put into it. Pretty much it needs to look like at least a 9. It comes back to choosing the right cards at the right time. OR legendary players that have retired.
@tomgeorgepr correct thats why I stayed earlier in this thread if your sending in cards and losing money no offense your an idiot. Not saying it will never happen but it shouldent happen often. I go with one 9s break even 10s male money method. If a psa 9 doesn't sell for a certain amount on comps I won't send it in. Also never run psa 9s at aunction your asking for disaster
Think about it another way. If you send a card that is worth $100 in a 10 and $15 in a 9. Assuming you have any skill for this, you may have a very profitable model where you want the 10s sent back to you and want the 9s gone ASAP with as little hassle as possible. So it would not be surprising for the bulk of consigned cards being low value misses where you don't want the shipping and listing hassle. There is probably also a small percentage that is high value where you don't want the shipping risk. But consignment business do usually have a skew in their inventory rather than having all middle of the road stuff that is easy to sell for a profit on your own.
I responded to another comment that made the same point and this thought did cross my mind, and it is very likely that this is playing out. To what degree, it's difficult to say and impossible to quantify, but I'd guess it's happening to some extent. I do still believe the general theme in this data is playing true, where the vast majority submitting and cosigning directly are doing so at a loss for a big chunk of the cards.
Good content, this might give PSA undeniable data that the majority of the cards they are grading (making money on) are not worth the fee they charge and if they are smart they lower that fee. We will see how it plays out.. Really enjoy the analytical videos that pull back the business curtain, keep it coming.
As long as each month more and more people get cards graded (as has been the case) - PSA won’t care if you grade a family photo. It’s a business. People are buying.
Definitely like the content, I was thinking though that a majority of these cards consigned to PSA were likely the “Losers” of each Submission.. Meaning the better cards they likely kept either for themselves or to sell on their own, & chose to send the bottom of the barrel items to consignment to just dump them.. If 18,000 out of 27,000 or so were Not 10’s, likely they expected 10s & are dumping them because they’re 9s or lower.. It doesn’t mean they are doing bad necessarily, maybe they were extra cards thrown in to meet the minimum # threshold - which is Irrelevant to be honest, enjoyed the content!
This thought also crossed my mind and I think that’s definitely at play. Some might want to offload “the junk” via consignment and hang onto the good stuff to sell. I can absolutely see that happening. Hard to quantify the impact but if I used this model that’s exactly what I would do
Your Spot on in this assumption, everyone I know dumps there junk grads to this Consignment from PSA and has there bigger, nicer cards sent home to sell themselves. I get 5-20 garbage cards that grade low back in every 100 card submission, and those cards play little to no factor in my ROI, the bigger nicer cards always grade out and net me at least double or more on my Investment even after taking out PC cards as well. So these low end/bad grade cards are just fluff at that point, I give them away to younger collectors a lot of times. You are spot on though about so many people grading base inserts and cards that should have never been sent for grading lol. The guys like us that are real collectors that know what we are doing will always make a profit grading overall which funds bigger and better PC collections!
Auctions are bad for anything at anytime. It limits you to just those people that are looking for that specific item in a very short time frame. Unless you have something that is extremely rare that will have multiple people with deep pockets going at it like classic cars, artwork etc auctions are always a massive lose lose situation whether it be ebay or a live auction at mecums, christies etc
I tried this with my last sub of 12 cards. It didn’t go as well as I hoped. Lesson learned. The takeaway is that this could push comps down as it seems some cards are selling way under their previous value.
With the consignment fee, ebay fees and misc, you are acytually paying people to take your cards. Losing the price of the card, the grading fee, and anywhere between 50 and 100% of that total value in addition to what you had initially paid to get the card itself.
Like the video. I have 42 football cards at $16/card at PSA right now with the grades about to pop any day. I plan on auctioning them all through PSA consignment. Overall, the numbers don't seem that great as you pointed out. However, its hard to calculate the typical losing some money on PSA 9s, but gaining a lot of money on PSA 10s in a single order when looking at all 44k sales. If someone submitted 100 cards and got half PSA 9s and half PSA 10s, they are probably profitable (obviously varies widely depending on card selection). If they are losing $20 on every PSA 9, but gaining $80 on every PSA 10, thats probably sustainable. Now the really questionable part is when its all lower end stuff where they could be losing $20 on every PSA 9 and only gaining $20 on every PSA 10. Thats obviously not sustainable.
@@PIP-zf9yb Making a profit on ultra modern 9s doesn't really happen anymore. In fact, some 9s are selling for less than raw now. Thats not even taking into account the grading cost and selling fees.
@nitthetrit if you can't break even on a 9 don't send it in. Rather simple. Some people are to lazy to look what stuff sells for or they assume everything they send in is a 10. Breaking even on 9s or turning small profit is still very much a thing just have to know what your sending in.
@@PIP-zf9yb First of all, theres really no ultra modern cards that you can consistently make a profit on with PSA 9s anymore. Sure, sometimes you can make a small profit on a 9, but thats mostly a result of the card price going up from the time you bought the card and the time it took PSA to grade it. Its just simply not logical and buyers are smarter than they used to be. On the rare occasion that a 9 becomes worth more than a raw, the raw price starts to catch up to the 9. Thats not even including at least $15 grading and losing around 14% for selling fees. Sure, there are extreme outliers with cards that have a low gem rate, but that means you cant consistently do it. Second of all, picking only cards where you make a profit on PSA 9s (not really possible atm) isn't necessarily a good strategy anyway. Its more profitable to find cards that have a high raw to PSA 10 price ratio and accept losing a small amount on PSA 9s.
People take chances with flawed cards because you never know what PSA will grade a card. I submitted a card I thought would be an 8 and PSA graded it a 10. Now that card is worth 2x the order grading fee per last comps.
The card market is oversaturated with graded cards. Also, since 2021 many of the "investors" have fled the market and have moved onto stocks, bitcoin, gold and housing to make tons of money. So we have a market that is saturated with product, we have taken money out of the hobby and as we move ahead there will continue to be more product than investors. As this continues prices will continue to fall. I stopped buying cards 8 months ago and continue to sell. But selling is painfully slow.
The hobby is going back to where it was prior to pandemic where most cards are unsellable. The grading boom was dumb no way that was going to end well. People were grading everything and spending a fortune to do so. The investors learned the hard way that cards aren't investments they're leaving by the day realizing how much a waste of time this has become.
I don't do grading as much, and not sure of PSA consignment rates, but wondering if utilized correctly, makes sense. - With anything ultra modern, we know timing is everything, being first to market. So if I have a new Wemby, and its a PSA 10, I'd rather have it go on auction ASAP, then wait a couple extra days to be shipped to me etc. - Being consigned under PSA - does that give you more eyeballs than a regular ebay account? - As we chatted at airport bar - certain cards/$ amount, I would never put on ebay anymore, even through consignment. Fanatics/goldin have a different set of buyers. - Finally, many people fundamentally still don't know what to grade.
PSA eBay page has lots of viewers as because its the official selling page for people selling their cards after PSA grades them. You send the cards to PSA, they get graded and then you have a few days to choose whether to send each card home, to the vault, or auction on eBay when it reaches the vault. The problem is that PSA vault fees don't make sense until the card sells for $1K or more, other wise youre paying a higher fee + $5 per transaction. Buy it now isn't available on PSA vault, but you can set minimum bid as high as you like.
Seems that slabs in general have lost respect. Psa 10 used to represent a rare collectable. That is not so much today. At best I am making money on 2 of 10 slabs sold on Ebay. There used to be good profit. Today you are running a fire sale if you do not set the price you want. I do not list my cards with Offers accepted but somehow I keep getting messages "counter offers" at 50 to 70 percent off my asking price. Just keep declining them. I think the algorithms Ebay has in place is if I go look at or like a card it won't be long before Ebay send a message which will encourage me to make an offer. Same type of message goes to anyone looking at my cards. Been selling on Ebay since 1996 and this is the worst it has ever been. Just said this week I would rather just take my business off the site. Ebay just does not respect the seller any more. They are interested in collecting commissions. The seller ends up being the looser in the long run. In the beginning there were not enough good sellers and things were very different. Of course times change don't they.
I can't really disagree with much of any of this. There is a lot of corporate greed that we are seeing in the hobby, from the platform used to sell, to the products we buy from the license holders. The past 4-5 years have matured this hobby in a bad way
Slabs in general never really deserved respect so this was very predictable. Its always about the card the slab shouldn't add much value and in some cases bo value at all. All of a sudden the last 4 years people were paying shockingly high prices for anything slabbed it was hilarious.
I refuse to play their game anymore ... I've evolved as a collector and as far as I'm concerned, myself and my friends are better judges of card grading metrics. Raw cards only I've been purchasing the last 6 months and it's been fantastic. Up charging high value cards? That's what organized crime does. Us poor people making lots of people rich lol Also, I don't think 90 percent of "trimmed" cards are trimmed. Fantastic trick by them. "The greatest trick the devil ever pulled was convincing the world he didn't exist" - Keyzer Soze lol Love your videos Tyler, I just had to chime in on this one!
Well analysed. Good video. PSA should be charging $6 per card. I just buy cheap graded cards. I haven't sent cards in for grading for 3 years. The prices are a joke
Just 2 minutes in and reviewing comments as I listen. Outlier is not all graded orders are wins. Not all sales are wins. Not all sellers are "flippers" Not all business models are profitable at 1st and some need work, losses, education and always room for improvement. Seeing that 89 Topps Tim Rains at 12.00 in a 9 may be a loss and if one or 2 from his order got a 10 and you make money. So that 7 to 8.00 loss isn't a loss when you look at the seller and his whole order which we do not have that information available. Some will send in a stack of 1 card or 20 different cards and roll with the law of average gamble and do very well. Low risk on a card that is in a dime box, but a hall of fame player that many people still collect and will pay a premium for in a 10. Interesting video, appreciate the content. Catch you on the next one ✌🏽⚾️🇺🇸
I hear yah but I'll pushback. 1) All orders absolutely SHOULD be wins. There is no reason why with grading < $20, when submitted to PSA, that if the submitter knows what they are doing, is competent in judging condition, as well as savvy in guaging what cards do well in both 9 and 10 grades, that EVERY order is a profitable order. Lone exceptions being perhaps 1-2 card regular-express orders and up that may be gambling on 10s 2) Absolutely agree! Not all sales are wins, and anyone who says otherwise is untrustworthy and lying. HOWEVER, you really need to winning more than losing, and not just a 55/45 split. It needs to be significant, again, an indication that you know what you are doing. 3) Agree...again HOWEVER, this PSA consignment model is designed to cater towards grade to consignment flip model. This is exactly why PSA got in the business. Consignment models have grown to include grade --> consignment --> flip, and thus it's reasonable to conclude that the vast array of submitters using this service are indeed doing so for the sole purpose of flipping. As stated in the video, this is easily guaged by skimming through the inventory being sold and checking for the serial numbers. Recent serial numbers indicate recently graded cards, likely from grading --> consignment. Of course this is imposssible to quantify given our resources, but in my industry Pharma, FDA approves drugs using trial data of limited sample sizes and genius statisticians are able to prove or disprove null hypothesis granting FDA approvals on almost a weekly basis. So...I guess what I'm saying is, find me a better data source. I am happy to have the conclusions refuted with sufficient evidence, and I totally understand it is theoretically possible to submit 100 1968 Topps Nolan Ryan rookies, achieve a score of 1 on 99 of them, but hit a 10 and thus pay for the submission. I can almost guarantee that the submitter of that 1989 Tim Raines likely is not falling in the winning bucket. That's a hunch.
Grading and flipping at the lower end is a losing proposition, assuming 50% gem with all the fees. Higher end still works if you can pick up the ungraded cards at 50% or less than gem value. But lately, ungraded cards being bid up to 60% or more of gem value.
PSA has done a piss poor job taking over the ebay vault. I was a heavy user of the ebay vault with great success selling cards at bin and unfortunately have a large chunk of cards now with the psa vault. I'm hoping they get their act together as of now there is zero chance I would ever use them to sell a card via auction considering how poor of a job they do on the titles and images. If they add title edit options and bin (along with bin with offers) my opinion may change.
there are so many PSA slabs on ebay that are worth about the value of the grading cost.. SLAD overload… I buy more rate vintage and pre-war cards of ALL sports of top high end HOF players… they are where the investment in cards are… not those junk slabs of modern being graded today .. as this videos agrees with..
I'm very selective when grading my cards through PSA, I won't get cards graded unless I think they'll have a good chance of a graded 10. Also I think certain companies and TH-cam influencer who tout for PSA get special treatment and less stringent grading.
These comments re the epitome of "people watching the same thing, but coming to different conclusions. You broke it down in a manner where even the most inept individual would be able to grasp what is happening, at least analytically! But, reading the comments, you'd think people watch the same, yet a totally different video. Meaning, several people have commented telling you that your analysis is off, because "it's the PSA 9s and PSA 8's that people are selling via consignment wit PSA, even thought you showed them the proof stating the opposite. I believe you are spot on with one exception and that's "real" collectors(non-scalpers) getting cards slabbed for the personal collection(PC)that 90% of you wouldn't dare to do. Now, I am not one to tell another man or woman how to spend their hard earned money, but if your only concerned is getting your collection slabbed, then why pay PSA's fees? Wouldn't SGC, or even GMA do? I have a huge collection of Allen Iverson cards in my personal collection that I will never sell, unles it's a matter of my going hungry, and I have cards that re beautiful color match cards hat I would love to get graded, but NOT at $20+ a card and an annual membership fee of $149 to $199! Just saying.
i wouldn't buy anything from PSA on ebay cause i don't do bids.. i go by the buy now listing.. i hate bids i think bids sell for lesser amounts than the actual value, then people want to sell them double the price after they get a card from a bid for 10x cheaper..
I thought most of the large grading shops and submission groups had a special deal worked out with PSA? Where they could get cards graded 50% or more off?
I think the fix to this is only grading insanely popular players graded by TAG. TAG doesn't leave you guessing. They may sell for less than a PSA card, but the turnaround time is WAY faster, and they don't upcharge. For $15 you get an AI grade that is transparent and you get the best looking slab in the business. I will use PSA when I have to, but TAG is just better.
Interesting video agree people don’t know what they’re doing or their grading cards with low pop at time but when they get it back high pop. I think people grade the wrong sets too example AR prizm silver $450-500 psa 10 or optic silver around $250 psa 10 but raw around same price lol
Ive been grading and selling for a couple months now. I used to sell raw but its so dead these days i had to try something to be able to keep getting the cards i want for my collectoon. So far so good. I submitted 30 cards the first time on the $16.99 special. I got 13 10s, 18 9s and one 8. I have made profit already and have 6 cards left to sell, 2 of which are the best cards i received a 10 on. I will make a few hundred bucks (maybe 500) of profit on that order but the next order had more 10s and im still working on the numbers etc. Idk, its been ok so far
They do it in hopes that some guy, buy's a bigger than expected older 80's/90's collection & sends PSA the cards they find out of said collection, all the really really cool inserts, players, rc's, etc... & PSA grading, some hard as hell to find, some nobody player but to "set" collectors & "set registery of PSA" collectors will pay some crazy cash for, you know the PSA 10 on a nobody player or rc that leaves you scrtaching your head like," what the hell did i miss, i never heard of cecil collins running back ?" ," im just going to sell my collection Saturday in our garage sell, first person to offer $ 500.00 they get it all, i dont care cause i dont get it" , yeah those ppl that make it possible for the weekend garage hunters, thats how the rich stay rich, by putting in your due diligence & thats jus the FACTS, but we all know now that, "FACTS ARE RACIST!!!" right class ?
The problem with ultra modern cards and collectors is they got away from focusing on rookie cards. The mindset of many flipoers and collectors in 2024 is numbered and auto cards, and it doesn’t necessarily matter if they are a rookie card. By doing this, it’s created the Wild, Wild, West where they have created anarchy in the hobby. If the hobby solely focused on rookie cards like it did Pre-2010, there would be a one way road on what there will be demand for by masses. Now you have ten different lanes and these slabs are worthless to most collectors. I saw a recent TH-cam video of a guy selling slabs to GameStop. Putting aside what GameStop was giving for them, most of his cards were non-rookies. He had a 2020 Adrian Pederson on card-auto PSA slab and was shocked that they didn’t offer him much. Pedsrson was a rookie in 2007, what demand is out there for his 13th year card? But because it was an auto, he thought it had value. If flippers focused on rookies, and stopped grading the 95% nonsense out there, they would atleast be selling cards that have demand across the hobby.
One of the things not discussed is Auction vs Buy It Now (BIN). Typically speaking auctions sell lower than BIN, although there are always those wacky outliers every now and then. Does PSA's consignment service even have BIN? I thought it was auction only. Regardless of the listing type, yes, people are struggling to make their money back but I don't think this is really surprising to anyone.
They've been saying BINs are soon to come since June. It was supposed to launch in July. I have a bunch of nice cards in the vault I bought through Goldin I want to list BIN but I can't..
@@andrewparry7300 I mean their whole consignment platform has only been a thing for maybe 2 months. I don't think its that crazy that the BIN option isn't available yet.
@@andrewparry7300 Its been maybe 2 months since they launched this whole new consignment platform. I feel like we can cut them some slack on the BIN option not being available yet. Especially when they made it very clear that the BIN option wouldn't be available at the start.
With the CT scanners issue being brought to the light and fanatics/Panini pricing this stuff so high at only breakers are buying this stuff this can't be sustainable for anyone.
It was just around the time they cleared the backlog and hired all the new graders and started running specials, again. At that point, no matter what you sent... EVERYTHING was a '9' and they were just looking for absolutely anything to justify it. Looks off centered but it's actually not. '9'. Cards could be cracked and re subbed and get a 10 because there's nothing wrong with them. It's a complete scam.
Most modern cards getting graded are a joke. Adding stupid value. For what. It's new. It's should be mint. It's not a 50s card that was in a bike wheel.
Where do I start. First off. I have been using the sell my auction button send to vault for few months since I’m just tired of list pack post office etc. and I thought maybe psa would have more eyeballs better sales. So they just steal peoples cards. I listed a lot with one week auction end Sunday nights. Didn’t know it’s $5 listing fee 16% seller fee. So a few of my slabs psa 8 sold for $4 and bam. They just stole my cards. Fee was $4. It just said sales price $4 minus fee $4 net profits equal $0 thanks for playing. Card stolen. Should I call cops. lol. Also I’ve been losing on not only gem 10 selling myself. But gem 10/10 auto qb rookies. Imagine that. Bryce and Richardson 10/10 auto rookies. Losing $20-40 after fees. So kinda hating hobby life lately. 😢😢😢. And kinda wanna sue psa for stealing. 😅😅😅
cuz paying a grading company is buying a third party opinion lolol there is was and will continue to be problems using them until regulations/accreditation is applied
Its a $5 MINIMUM fee though. Essentially, if your card sells for less than $31.25, you will pay a $5 fee instead of the 16%. I believe thats how it would work out.
My key takeaways - These flippers are bad at business, bad at math and really good at wasting money. I can't wait for them to exit the business and become a real collector who would not grade or sell cards. At the point they only focus on collecting it may become a hobby again. Also, another takeaway, I get great deals on graded cards on Ebay.
So in your opinion, no real collector would ever grade card's or sell them? Dude one of the mainstays of the hobby as been the potential to sell cards you dont want to buy those you do. Respectfully, wth are you talking about?
@@j_toledo419 Respectfully, when you buy cards to sell you put a different hat on and you stop being a collector and it stops being a hobby. It is NOT a hobby any time you buy a card with the expectation to flip it and make money, respectfully. You should look up the definition of a hobby and the definition of a business, respectfully. Respectfully, I am talking the hell about the huge volume of unintelligent people trying to operate a business by flipping cards. You can trade cards for the ones you don't want, respectfully. How did you end up with the cards you don't want? Respectfully, I'll assume by opening packs. Buy more packs to get the cards you want? Respectfully, If that is unaffordable maybe you should not open packs and you should instead simply buy the cards you want versus go with horrible odds... hence the unintelligence and lack of basic math skills, respectfully. If you must go with the horrible odds bc you cannot restrain your affinity for gambling I would recommend trading the cards you don't want as you will get more overall value for your cards as opposed to selling but unintelligence runs rampant, respectfully. If you prefer selling the cards I assume it is bc you want to buy something other than cards with that money or unintelligent, respectfully. Trading cards is the hobby not selling cards, selling cards is for the manufacturers/distributors/shops, respectfully. I hope my reply was respectful enough for you, respectfully. 16 total Respectfully/respectful, I've impressed myself, respectfully.
Depends on what you flip. Cards maybe, but I flip vintage toys all the time and do well. To say we are bad for business is a bit ignorant I offer a service that many enjoy. I sell old vintage toys that are hard to find out in the open. How is that bad for business.
@@TheCheesyGamer I never said flippers are bad for business, you did. Please reread my comment as your ability to accurately read and comprehend appears entirely ignorant. You seem to understand that your flipping of vintage toys is not a hobby, it is a business.
@@j_toledo419 It looks like my reply from this morning was taking down by someone somehow, respectfully. It was a brilliant reply, respectfully, and I will be challenged to provide you with such a thorough and accurate response this time round, respectfully. Respectfully I did manage to use respectfully and respectful 16 times in the deleted reply and I will at least attempt to equal or exceed that feat here, respectfully. When you collect cards it is a hobby but when you sell cards it becomes a business regardless of whether they are cards you want or not, respectfully. They are two different hats and if you were to give the cards away that you don't want... would it still be a hobby, respectfully? No, it would be a charity and then charity would be your hobby and specifically not collecting cards, respectfully. Respectfully, how did you end up with those cards you do not want? I assume you purchased packs and opened them with the hopes you would land a big card to sell and recoup your expenditure, respectfully. Respectfully, why would anybody open packs if they were a true collector and only seeking the cards they want? Respectfully, unless you have enough funds to purchase packs in order to obtain the cards you want you opted for the horrible odds and hoped you would get the right cards and this is why they are bad at math, respectfully. Instead a collector would obtain the cards with the least expense possible and this would be easier to simply buy only the cards you do want, respectfully. Respectfully, selling the cards you do not want in order to obtain the cards you do want is an unintelligent decision as it is not the most cost effective way to complete this goal, respectfully. The wise way would be to trade cards and then you would get the most value for them and it would still be a hobby and not a business, respectfully. The lack of intelligence runs as deep as your inability to use basic punctuation in order to ensure clarity and understanding in your statement, respectfully. So respectfully WTH I am talking about is the large amount of unintelligent people trying to flip cards for money and how it ruins the hobby because flippers are running a bad business, respectfully. It looks like I did even better with this reply in regards to respect and respectfully. If you are trying to make money it is NOT a hobby and selling the cards in order to obtain the cards you do want is far from the most cost effective method but that is due to a sever lack of intelligence within the trading card community, respectfully. Well I hope my reply to your naive comment remains this time round but I'd imagine some douche bag will remove it again bc they are a douche bag, respectfully. GL with your bad business, respectfully.
with ct scanning and psa controlling pop on cards its just destroying the hobby slowly people losing interest and moving on. Only cards do well is new one and speculation. Unless its jordan or barry sanders for the 90's 2000's it be brady or lebron kobe
@@TylerShort first not all cards are psa, they take bgs sec and are adding more as time goes on. Second. Many people are dumping old cards that are losers and can be written off taxes. Third, Many people dump their graded cards at shows for only a few bucks each. 3
Honest question. Did you even watch the video? You do realize I searched specifically on PSA's store for the search term "PSA." So why would you think the results in my data would include non PSA items? Second, would you like to tell me how many cards on PSA's website that are being sold as "PSA" slabs are done so by drop off at a consignment event vs slab to consignment over the past 6 weeks? I'm guessing you can't. And I'm guessing it's reasonable to assume the vast majority of items "sold" on their store using the search term "PSA" were done so via consignment. For the last one point, I don't even know what point you are making. But freel free to come up with a better conclusion using a better data source and methodology. Best of luck
4 I think many grade cards that you and I wouldn’t but hoping to get 1 ten. They lose money on 5 cards but can make more money on the other 5, they dump the five losers and shop the 5 winners at local card shows. I think people are more savvy than you give them credit for at the national, kids we’re dealing with 1000s of dollars with really saleable cards. Why give psa money to sell easy sales. Psa vault on eBay is just one option for selling. Also notice the super high starting points on eBay psa vault cards. Psa is aware that these cards will not easily sell Again. Just another vehicle for selling mainly hard to sell cards. Yes, you have id the loser who buys a low demand card or gets a low grade and try’s to flip it for a loss. I think those are not the norm.
PSA is doing this because of two things: 1. They are the big boys on the block(at least for now). 2. Social status(Dave Ramsey's favorite fear-mongering words). Allow me to start with #2 first: How many of us have purchased a pair of sneakers, other than Nike in school, and was laughed at? I mean the brand you chose fit like Nikes, are comfortable like Nikes and may even be better than Nikes, but because walking around in a pi of brand new Nikes gives one a sense of superiority that would rather spend much, much more. I remember, while in college and during a study group several of my fellow classmates went to Starbucks for a cup of coffee, I went to McDonald's. They way my fellow months and/or years later when local mcollege classmates look at me drinking my cheap cup of coffer, you would have thought I had a nose full of boogers! I paid just over $1 for my cup of coffe, and they each spent nearly $9, again, because it's cool to be seen with that $9 cup of brew that a cup from McDonald's even thought it taste just fine. Now, let's focus on #1 with PSA being the "Big Boys" on the block. Look, PSA is sadly walking the same path as Service Merchandise, Montgomery Wards, Kmart and yes, Blockbuster video. Remember when Blockbuster Video started, they were packed and even enhance the sell of VHS players around the country. They were so big that even though mom and pop video stores offer better prices and longer rented times, people preferred to go to Blockbuster Video...now where are they? PSA can charged these prices, start an eBay consignment store and more, because they don't hav any viable competition. If you believe SGC and BGS are doing damage to PSA, just check the "Sold/Comps" on eBay. There are literally the same card that's being sold in a PSA slab, with SGC, but people, which means you and I, continue to act in this manner. I remember when blaster boxes were $9.99 at Walmart and Target, but the distributors wanted to make even larger profits, so just like the Pokemon ETBs they raised the prices and there was a backlash, THAT'S why today if you walk into Walmart, you see Blasters boxes, even Mega on clearance, because other collectors and I put our foot down and stop buying their products. Imagine if PSA lost 25% to 40% of it's business, even for a month or two, because "WE" refused to continue to pay their prices, you would see far more sales and more! If you want to get a company's attention, forget sending them an email, just affect their bottom-line and they will rush to get more consumer friendly.
I hate to be the bearer of bad news, but it's going t remain this way and even get worse until the government gets involved and starts to regulate companies lik PSA, BGS, SGC, even GMA. That will be the only way prices come down and grading becomes standard, across the board, meaning no more getting a 10 with SGC and a 9 with PSA, they will be forced to use a similar structure, including, wait for it Artificial intelligence (AI)
I’ve stopped grading. Too expensive and PSA has been brutal on grades. Only one winning is PSA. No value added for me. :(
Great stuff. Not only is PSA raking in the cash on the grading side, now they are gouging commissions on selling the slabs too. Bravo PSA. It's a great idea on their part. Brutal, efficient and cutthroat as it is...lol
Thank you Tyler I truly appreciate the time you spend to bring us this content it mak e s a differnce.
Great content! I learned from my mistakes and have lots of trial and error. Once I improved my gem rate my profits 📈.
Only buying proven players .
Keep a plan and stick to it.
It's ok to take a L but try to reduce it.
Same here. Growing pains 😮💨😅
Probably because people are grading garbage like an 89 Tim Raines...
Yes just shows how dumb people are lol.
I never send in a card unless I know I can at least double what I put into it. Pretty much it needs to look like at least a 9. It comes back to choosing the right cards at the right time. OR legendary players that have retired.
Some people do that for their PC. Lots of people are going to TAG for their PC cards.
@tomgeorgepr correct thats why I stayed earlier in this thread if your sending in cards and losing money no offense your an idiot. Not saying it will never happen but it shouldent happen often. I go with one 9s break even 10s male money method. If a psa 9 doesn't sell for a certain amount on comps I won't send it in. Also never run psa 9s at aunction your asking for disaster
@@tomgeorgepr not lots of people. Tag is a little niche product. Nowhere near the big 4. They are battling for scraps.
Great analysis!
Think about it another way. If you send a card that is worth $100 in a 10 and $15 in a 9. Assuming you have any skill for this, you may have a very profitable model where you want the 10s sent back to you and want the 9s gone ASAP with as little hassle as possible. So it would not be surprising for the bulk of consigned cards being low value misses where you don't want the shipping and listing hassle. There is probably also a small percentage that is high value where you don't want the shipping risk. But consignment business do usually have a skew in their inventory rather than having all middle of the road stuff that is easy to sell for a profit on your own.
I responded to another comment that made the same point and this thought did cross my mind, and it is very likely that this is playing out. To what degree, it's difficult to say and impossible to quantify, but I'd guess it's happening to some extent. I do still believe the general theme in this data is playing true, where the vast majority submitting and cosigning directly are doing so at a loss for a big chunk of the cards.
if grading was fair and didn't control population. new cards first one in has big advantage
Grading fees are still too high and I am shocked that people keep sending in so many cards when it is a money losing exercise.
Good content, this might give PSA undeniable data that the majority of the cards they are grading (making money on) are not worth the fee they charge and if they are smart they lower that fee. We will see how it plays out.. Really enjoy the analytical videos that pull back the business curtain, keep it coming.
As long as each month more and more people get cards graded (as has been the case) - PSA won’t care if you grade a family photo. It’s a business. People are buying.
Definitely like the content, I was thinking though that a majority of these cards consigned to PSA were likely the “Losers” of each Submission.. Meaning the better cards they likely kept either for themselves or to sell on their own, & chose to send the bottom of the barrel items to consignment to just dump them.. If 18,000 out of 27,000 or so were Not 10’s, likely they expected 10s & are dumping them because they’re 9s or lower.. It doesn’t mean they are doing bad necessarily, maybe they were extra cards thrown in to meet the minimum # threshold - which is Irrelevant to be honest, enjoyed the content!
This thought also crossed my mind and I think that’s definitely at play. Some might want to offload “the junk” via consignment and hang onto the good stuff to sell. I can absolutely see that happening. Hard to quantify the impact but if I used this model that’s exactly what I would do
Your Spot on in this assumption, everyone I know dumps there junk grads to this Consignment from PSA and has there bigger, nicer cards sent home to sell themselves. I get 5-20 garbage cards that grade low back in every 100 card submission, and those cards play little to no factor in my ROI, the bigger nicer cards always grade out and net me at least double or more on my Investment even after taking out PC cards as well. So these low end/bad grade cards are just fluff at that point, I give them away to younger collectors a lot of times. You are spot on though about so many people grading base inserts and cards that should have never been sent for grading lol. The guys like us that are real collectors that know what we are doing will always make a profit grading overall which funds bigger and better PC collections!
Auctions are a bad idea for most cards being sold at wrong time.....
I learned this the hard way😂
Auctions are bad for anything at anytime. It limits you to just those people that are looking for that specific item in a very short time frame.
Unless you have something that is extremely rare that will have multiple people with deep pockets going at it like classic cars, artwork etc auctions are always a massive lose lose situation whether it be ebay or a live auction at mecums, christies etc
I tried this with my last sub of 12 cards. It didn’t go as well as I hoped. Lesson learned. The takeaway is that this could push comps down as it seems some cards are selling way under their previous value.
With the consignment fee, ebay fees and misc, you are acytually paying people to take your cards. Losing the price of the card, the grading fee, and anywhere between 50 and 100% of that total value in addition to what you had initially paid to get the card itself.
Funny to see the Montana on eBay because I am the one that bought it what are the odds 😂
Nice snag! Hahaha
Like the video. I have 42 football cards at $16/card at PSA right now with the grades about to pop any day. I plan on auctioning them all through PSA consignment. Overall, the numbers don't seem that great as you pointed out. However, its hard to calculate the typical losing some money on PSA 9s, but gaining a lot of money on PSA 10s in a single order when looking at all 44k sales. If someone submitted 100 cards and got half PSA 9s and half PSA 10s, they are probably profitable (obviously varies widely depending on card selection). If they are losing $20 on every PSA 9, but gaining $80 on every PSA 10, thats probably sustainable. Now the really questionable part is when its all lower end stuff where they could be losing $20 on every PSA 9 and only gaining $20 on every PSA 10. Thats obviously not sustainable.
If your losing money on 9s you don't know what your doing in the first place. Need to be sending in cards where a 9 will be around break even at worst
@@PIP-zf9yb Making a profit on ultra modern 9s doesn't really happen anymore. In fact, some 9s are selling for less than raw now. Thats not even taking into account the grading cost and selling fees.
@nitthetrit if you can't break even on a 9 don't send it in. Rather simple. Some people are to lazy to look what stuff sells for or they assume everything they send in is a 10. Breaking even on 9s or turning small profit is still very much a thing just have to know what your sending in.
@@PIP-zf9yb First of all, theres really no ultra modern cards that you can consistently make a profit on with PSA 9s anymore. Sure, sometimes you can make a small profit on a 9, but thats mostly a result of the card price going up from the time you bought the card and the time it took PSA to grade it. Its just simply not logical and buyers are smarter than they used to be. On the rare occasion that a 9 becomes worth more than a raw, the raw price starts to catch up to the 9. Thats not even including at least $15 grading and losing around 14% for selling fees. Sure, there are extreme outliers with cards that have a low gem rate, but that means you cant consistently do it. Second of all, picking only cards where you make a profit on PSA 9s (not really possible atm) isn't necessarily a good strategy anyway. Its more profitable to find cards that have a high raw to PSA 10 price ratio and accept losing a small amount on PSA 9s.
People take chances with flawed cards because you never know what PSA will grade a card. I submitted a card I thought would be an 8 and PSA graded it a 10. Now that card is worth 2x the order grading fee per last comps.
Good business model for psa, charge 19 to grade card, customer gets a poor grade and sells at a loss, new owner cracks it out and sends it back in.
The card market is oversaturated with graded cards. Also, since 2021 many of the "investors" have fled the market and have moved onto stocks, bitcoin, gold and housing to make tons of money. So we have a market that is saturated with product, we have taken money out of the hobby and as we move ahead there will continue to be more product than investors. As this continues prices will continue to fall. I stopped buying cards 8 months ago and continue to sell. But selling is painfully slow.
The hobby is going back to where it was prior to pandemic where most cards are unsellable. The grading boom was dumb no way that was going to end well. People were grading everything and spending a fortune to do so. The investors learned the hard way that cards aren't investments they're leaving by the day realizing how much a waste of time this has become.
I don't do grading as much, and not sure of PSA consignment rates, but wondering if utilized correctly, makes sense.
- With anything ultra modern, we know timing is everything, being first to market. So if I have a new Wemby, and its a PSA 10, I'd rather have it go on auction ASAP, then wait a couple extra days to be shipped to me etc.
- Being consigned under PSA - does that give you more eyeballs than a regular ebay account?
- As we chatted at airport bar - certain cards/$ amount, I would never put on ebay anymore, even through consignment. Fanatics/goldin have a different set of buyers.
- Finally, many people fundamentally still don't know what to grade.
PSA eBay page has lots of viewers as because its the official selling page for people selling their cards after PSA grades them.
You send the cards to PSA, they get graded and then you have a few days to choose whether to send each card home, to the vault, or auction on eBay when it reaches the vault.
The problem is that PSA vault fees don't make sense until the card sells for $1K or more, other wise youre paying a higher fee + $5 per transaction.
Buy it now isn't available on PSA vault, but you can set minimum bid as high as you like.
Seems that slabs in general have lost respect. Psa 10 used to represent a rare collectable. That is not so much today. At best I am making money on 2 of 10 slabs sold on Ebay. There used to be good profit. Today you are running a fire sale if you do not set the price you want. I do not list my cards with Offers accepted but somehow I keep getting messages "counter offers" at 50 to 70 percent off my asking price. Just keep declining them. I think the algorithms Ebay has in place is if I go look at or like a card it won't be long before Ebay send a message which will encourage me to make an offer. Same type of message goes to anyone looking at my cards.
Been selling on Ebay since 1996 and this is the worst it has ever been. Just said this week I would rather just take my business off the site. Ebay just does not respect the seller any more. They are interested in collecting commissions. The seller ends up being the looser in the long run. In the beginning there were not enough good sellers and things were very different. Of course times change don't they.
I can't really disagree with much of any of this. There is a lot of corporate greed that we are seeing in the hobby, from the platform used to sell, to the products we buy from the license holders. The past 4-5 years have matured this hobby in a bad way
Slabs in general never really deserved respect so this was very predictable. Its always about the card the slab shouldn't add much value and in some cases bo value at all. All of a sudden the last 4 years people were paying shockingly high prices for anything slabbed it was hilarious.
I refuse to play their game anymore ... I've evolved as a collector and as far as I'm concerned, myself and my friends are better judges of card grading metrics. Raw cards only I've been purchasing the last 6 months and it's been fantastic.
Up charging high value cards? That's what organized crime does. Us poor people making lots of people rich lol
Also, I don't think 90 percent of "trimmed" cards are trimmed. Fantastic trick by them.
"The greatest trick the devil ever pulled was convincing the world he didn't exist" - Keyzer Soze lol
Love your videos Tyler, I just had to chime in on this one!
Yeah, they're a joke. Should bring back Joe Orlando
PSA have damaged my cards and have also robbed me
Well analysed. Good video. PSA should be charging $6 per card. I just buy cheap graded cards. I haven't sent cards in for grading for 3 years. The prices are a joke
Just 2 minutes in and reviewing comments as I listen. Outlier is not all graded orders are wins. Not all sales are wins. Not all sellers are "flippers"
Not all business models are profitable at 1st and some need work, losses, education and always room for improvement. Seeing that 89 Topps Tim Rains at 12.00 in a 9 may be a loss and if one or 2 from his order got a 10 and you make money. So that 7 to 8.00 loss isn't a loss when you look at the seller and his whole order which we do not have that information available. Some will send in a stack of 1 card or 20 different cards and roll with the law of average gamble and do very well. Low risk on a card that is in a dime box, but a hall of fame player that many people still collect and will pay a premium for in a 10.
Interesting video, appreciate the content. Catch you on the next one ✌🏽⚾️🇺🇸
I hear yah but I'll pushback.
1) All orders absolutely SHOULD be wins. There is no reason why with grading < $20, when submitted to PSA, that if the submitter knows what they are doing, is competent in judging condition, as well as savvy in guaging what cards do well in both 9 and 10 grades, that EVERY order is a profitable order. Lone exceptions being perhaps 1-2 card regular-express orders and up that may be gambling on 10s
2) Absolutely agree! Not all sales are wins, and anyone who says otherwise is untrustworthy and lying. HOWEVER, you really need to winning more than losing, and not just a 55/45 split. It needs to be significant, again, an indication that you know what you are doing.
3) Agree...again HOWEVER, this PSA consignment model is designed to cater towards grade to consignment flip model. This is exactly why PSA got in the business. Consignment models have grown to include grade --> consignment --> flip, and thus it's reasonable to conclude that the vast array of submitters using this service are indeed doing so for the sole purpose of flipping. As stated in the video, this is easily guaged by skimming through the inventory being sold and checking for the serial numbers. Recent serial numbers indicate recently graded cards, likely from grading --> consignment. Of course this is imposssible to quantify given our resources, but in my industry Pharma, FDA approves drugs using trial data of limited sample sizes and genius statisticians are able to prove or disprove null hypothesis granting FDA approvals on almost a weekly basis. So...I guess what I'm saying is, find me a better data source.
I am happy to have the conclusions refuted with sufficient evidence, and I totally understand it is theoretically possible to submit 100 1968 Topps Nolan Ryan rookies, achieve a score of 1 on 99 of them, but hit a 10 and thus pay for the submission. I can almost guarantee that the submitter of that 1989 Tim Raines likely is not falling in the winning bucket. That's a hunch.
Its a waste of money in most cases unless you find older cards that are in surprisingly good condition. Just put cards in a top loader or 1 touch.
Also can you choose when your item gets auctioned off? Like Sunday night is ideal compared to a Thursday Morning.
Yes. You can choose start date.
Exceptional evaluation here 🎉
Grading and flipping at the lower end is a losing proposition, assuming 50% gem with all the fees. Higher end still works if you can pick up the ungraded cards at 50% or less than gem value. But lately, ungraded cards being bid up to 60% or more of gem value.
PSA has done a piss poor job taking over the ebay vault. I was a heavy user of the ebay vault with great success selling cards at bin and unfortunately have a large chunk of cards now with the psa vault. I'm hoping they get their act together as of now there is zero chance I would ever use them to sell a card via auction considering how poor of a job they do on the titles and images. If they add title edit options and bin (along with bin with offers) my opinion may change.
Great video Tyler!
there are so many PSA slabs on ebay that are worth about the value of the grading cost.. SLAD overload… I buy more rate vintage and pre-war cards of ALL sports of top high end HOF players… they are where the investment in cards are… not those junk slabs of modern being graded today .. as this videos agrees with..
I'm very selective when grading my cards through PSA, I won't get cards graded unless I think they'll have a good chance of a graded 10. Also I think certain companies and TH-cam influencer who tout for PSA get special treatment and less stringent grading.
These comments re the epitome of "people watching the same thing, but coming to different conclusions. You broke it down in a manner where even the most inept individual would be able to grasp what is happening, at least analytically! But, reading the comments, you'd think people watch the same, yet a totally different video.
Meaning, several people have commented telling you that your analysis is off, because "it's the PSA 9s and PSA 8's that people are selling via consignment wit PSA, even thought you showed them the proof stating the opposite.
I believe you are spot on with one exception and that's "real" collectors(non-scalpers) getting cards slabbed for the personal collection(PC)that 90% of you wouldn't dare to do.
Now, I am not one to tell another man or woman how to spend their hard earned money, but if your only concerned is getting your collection slabbed, then why pay PSA's fees? Wouldn't SGC, or even GMA do?
I have a huge collection of Allen Iverson cards in my personal collection that I will never sell, unles it's a matter of my going hungry, and I have cards that re beautiful color match cards hat I would love to get graded, but NOT at $20+ a card and an annual membership fee of $149 to $199!
Just saying.
i wouldn't buy anything from PSA on ebay cause i don't do bids.. i go by the buy now listing.. i hate bids i think bids sell for lesser amounts than the actual value, then people want to sell them double the price after they get a card from a bid for 10x cheaper..
I thought most of the large grading shops and submission groups had a special deal worked out with PSA? Where they could get cards graded 50% or more off?
Nope.
Grading low end cards never made sense to me. People like to burn money
Man I wish I saw this video sooner, I just got a submission back and I went 0/16 on psa 10’s
I think the fix to this is only grading insanely popular players graded by TAG. TAG doesn't leave you guessing. They may sell for less than a PSA card, but the turnaround time is WAY faster, and they don't upcharge. For $15 you get an AI grade that is transparent and you get the best looking slab in the business. I will use PSA when I have to, but TAG is just better.
Interesting video agree people don’t know what they’re doing or their grading cards with low pop at time but when they get it back high pop. I think people grade the wrong sets too example AR prizm silver $450-500 psa 10 or optic silver around $250 psa 10 but raw around same price lol
Ive been grading and selling for a couple months now. I used to sell raw but its so dead these days i had to try something to be able to keep getting the cards i want for my collectoon. So far so good. I submitted 30 cards the first time on the $16.99 special. I got 13 10s, 18 9s and one 8. I have made profit already and have 6 cards left to sell, 2 of which are the best cards i received a 10 on. I will make a few hundred bucks (maybe 500) of profit on that order but the next order had more 10s and im still working on the numbers etc. Idk, its been ok so far
Psa has a monopoly and still people are happy to give them all their money just like panini sealed product
Supply vs Demand. Simple as that. Anytime you saturate the market with anything the price falls.
They do it in hopes that some guy, buy's a bigger than expected older 80's/90's collection & sends PSA the cards they find out of said collection, all the really really cool inserts, players, rc's, etc... & PSA grading, some hard as hell to find, some nobody player but to "set" collectors & "set registery of PSA" collectors will pay some crazy cash for, you know the PSA 10 on a nobody player or rc that leaves you scrtaching your head like," what the hell did i miss, i never heard of cecil collins running back ?" ," im just going to sell my collection Saturday in our garage sell, first person to offer $ 500.00 they get it all, i dont care cause i dont get it" , yeah those ppl that make it possible for the weekend garage hunters, thats how the rich stay rich, by putting in your due diligence & thats jus the FACTS, but we all know now that, "FACTS ARE RACIST!!!" right class ?
The problem with ultra modern cards and collectors is they got away from focusing on rookie cards. The mindset of many flipoers and collectors in 2024 is numbered and auto cards, and it doesn’t necessarily matter if they are a rookie card.
By doing this, it’s created the Wild, Wild, West where they have created anarchy in the hobby. If the hobby solely focused on rookie cards like it did Pre-2010, there would be a one way road on what there will be demand for by masses. Now you have ten different lanes and these slabs are worthless to most collectors.
I saw a recent TH-cam video of a guy selling slabs to GameStop. Putting aside what GameStop was giving for them, most of his cards were non-rookies. He had a 2020 Adrian Pederson on card-auto PSA slab and was shocked that they didn’t offer him much. Pedsrson was a rookie in 2007, what demand is out there for his 13th year card? But because it was an auto, he thought it had value.
If flippers focused on rookies, and stopped grading the 95% nonsense out there, they would atleast be selling cards that have demand across the hobby.
non rookie only works for (some) MVP players
One of the things not discussed is Auction vs Buy It Now (BIN). Typically speaking auctions sell lower than BIN, although there are always those wacky outliers every now and then. Does PSA's consignment service even have BIN? I thought it was auction only. Regardless of the listing type, yes, people are struggling to make their money back but I don't think this is really surprising to anyone.
They have a buy it now option coming soon
They've been saying BINs are soon to come since June. It was supposed to launch in July. I have a bunch of nice cards in the vault I bought through Goldin I want to list BIN but I can't..
@@andrewparry7300 I mean their whole consignment platform has only been a thing for maybe 2 months. I don't think its that crazy that the BIN option isn't available yet.
@@andrewparry7300 Its been maybe 2 months since they launched this whole new consignment platform. I feel like we can cut them some slack on the BIN option not being available yet. Especially when they made it very clear that the BIN option wouldn't be available at the start.
I tried it immediately. I lost immediately. They sucked every penny possible out of every slab. Don't do it.
With the CT scanners issue being brought to the light and fanatics/Panini pricing this stuff so high at only breakers are buying this stuff this can't be sustainable for anyone.
anything comping less than $500 doesn't make sense IMO. Sell the 10s and send the 9s home.
It was just around the time they cleared the backlog and hired all the new graders and started running specials, again. At that point, no matter what you sent... EVERYTHING was a '9' and they were just looking for absolutely anything to justify it. Looks off centered but it's actually not. '9'. Cards could be cracked and re subbed and get a 10 because there's nothing wrong with them. It's a complete scam.
Anybody till denying we're in The Junk Slab Era?
People have no common sense. You have no business grading a card that isn’t worth $50 😂
I've been saying it for a decade. Grading is a scam.
Most modern cards getting graded are a joke. Adding stupid value. For what. It's new. It's should be mint. It's not a 50s card that was in a bike wheel.
Where do I start. First off. I have been using the sell my auction button send to vault for few months since I’m just tired of list pack post office etc. and I thought maybe psa would have more eyeballs better sales. So they just steal peoples cards. I listed a lot with one week auction end Sunday nights. Didn’t know it’s $5 listing fee 16% seller fee. So a few of my slabs psa 8 sold for $4 and bam. They just stole my cards. Fee was $4. It just said sales price $4 minus fee $4 net profits equal $0 thanks for playing. Card stolen. Should I call cops. lol. Also I’ve been losing on not only gem 10 selling myself. But gem 10/10 auto qb rookies. Imagine that. Bryce and Richardson 10/10 auto rookies. Losing $20-40 after fees. So kinda hating hobby life lately. 😢😢😢. And kinda wanna sue psa for stealing. 😅😅😅
cuz paying a grading company is buying a third party opinion lolol there is was and will continue to be problems using them until regulations/accreditation is applied
That $5 listing fee hurts the bottom line on those low end cards.
Is it really that high? Damn.
Its a $5 MINIMUM fee though. Essentially, if your card sells for less than $31.25, you will pay a $5 fee instead of the 16%. I believe thats how it would work out.
Wait...People are making money?!?
Gotta grade higher value cards, not Tim Raines cards
My key takeaways - These flippers are bad at business, bad at math and really good at wasting money. I can't wait for them to exit the business and become a real collector who would not grade or sell cards. At the point they only focus on collecting it may become a hobby again. Also, another takeaway, I get great deals on graded cards on Ebay.
So in your opinion, no real collector would ever grade card's or sell them?
Dude one of the mainstays of the hobby as been the potential to sell cards you dont want to buy those you do. Respectfully, wth are you talking about?
@@j_toledo419 Respectfully, when you buy cards to sell you put a different hat on and you stop being a collector and it stops being a hobby. It is NOT a hobby any time you buy a card with the expectation to flip it and make money, respectfully. You should look up the definition of a hobby and the definition of a business, respectfully. Respectfully, I am talking the hell about the huge volume of unintelligent people trying to operate a business by flipping cards. You can trade cards for the ones you don't want, respectfully. How did you end up with the cards you don't want? Respectfully, I'll assume by opening packs. Buy more packs to get the cards you want? Respectfully, If that is unaffordable maybe you should not open packs and you should instead simply buy the cards you want versus go with horrible odds... hence the unintelligence and lack of basic math skills, respectfully. If you must go with the horrible odds bc you cannot restrain your affinity for gambling I would recommend trading the cards you don't want as you will get more overall value for your cards as opposed to selling but unintelligence runs rampant, respectfully. If you prefer selling the cards I assume it is bc you want to buy something other than cards with that money or unintelligent, respectfully. Trading cards is the hobby not selling cards, selling cards is for the manufacturers/distributors/shops, respectfully. I hope my reply was respectful enough for you, respectfully. 16 total Respectfully/respectful, I've impressed myself, respectfully.
Depends on what you flip. Cards maybe, but I flip vintage toys all the time and do well. To say we are bad for business is a bit ignorant I offer a service that many enjoy. I sell old vintage toys that are hard to find out in the open. How is that bad for business.
@@TheCheesyGamer I never said flippers are bad for business, you did. Please reread my comment as your ability to accurately read and comprehend appears entirely ignorant. You seem to understand that your flipping of vintage toys is not a hobby, it is a business.
@@j_toledo419 It looks like my reply from this morning was taking down by someone somehow, respectfully. It was a brilliant reply, respectfully, and I will be challenged to provide you with such a thorough and accurate response this time round, respectfully. Respectfully I did manage to use respectfully and respectful 16 times in the deleted reply and I will at least attempt to equal or exceed that feat here, respectfully. When you collect cards it is a hobby but when you sell cards it becomes a business regardless of whether they are cards you want or not, respectfully. They are two different hats and if you were to give the cards away that you don't want... would it still be a hobby, respectfully? No, it would be a charity and then charity would be your hobby and specifically not collecting cards, respectfully. Respectfully, how did you end up with those cards you do not want? I assume you purchased packs and opened them with the hopes you would land a big card to sell and recoup your expenditure, respectfully. Respectfully, why would anybody open packs if they were a true collector and only seeking the cards they want? Respectfully, unless you have enough funds to purchase packs in order to obtain the cards you want you opted for the horrible odds and hoped you would get the right cards and this is why they are bad at math, respectfully. Instead a collector would obtain the cards with the least expense possible and this would be easier to simply buy only the cards you do want, respectfully. Respectfully, selling the cards you do not want in order to obtain the cards you do want is an unintelligent decision as it is not the most cost effective way to complete this goal, respectfully. The wise way would be to trade cards and then you would get the most value for them and it would still be a hobby and not a business, respectfully. The lack of intelligence runs as deep as your inability to use basic punctuation in order to ensure clarity and understanding in your statement, respectfully. So respectfully WTH I am talking about is the large amount of unintelligent people trying to flip cards for money and how it ruins the hobby because flippers are running a bad business, respectfully. It looks like I did even better with this reply in regards to respect and respectfully. If you are trying to make money it is NOT a hobby and selling the cards in order to obtain the cards you do want is far from the most cost effective method but that is due to a sever lack of intelligence within the trading card community, respectfully. Well I hope my reply to your naive comment remains this time round but I'd imagine some douche bag will remove it again bc they are a douche bag, respectfully. GL with your bad business, respectfully.
Tyler, you need better outfit! 😂😂😂
with ct scanning and psa controlling pop on cards its just destroying the hobby slowly people losing interest and moving on. Only cards do well is new one and speculation. Unless its jordan or barry sanders for the 90's 2000's it be brady or lebron kobe
I think you are way off base. I can’t even begin to explain your errors
Oh Dennis, please explain.
@@TylerShort first not all cards are psa, they take bgs sec and are adding more as time goes on. Second. Many people are dumping old cards that are losers and can be written off taxes. Third, Many people dump their graded cards at shows for only a few bucks each. 3
So buyers pay almost nothing and then sell them.
Honest question. Did you even watch the video? You do realize I searched specifically on PSA's store for the search term "PSA." So why would you think the results in my data would include non PSA items?
Second, would you like to tell me how many cards on PSA's website that are being sold as "PSA" slabs are done so by drop off at a consignment event vs slab to consignment over the past 6 weeks? I'm guessing you can't. And I'm guessing it's reasonable to assume the vast majority of items "sold" on their store using the search term "PSA" were done so via consignment. For the last one point, I don't even know what point you are making. But freel free to come up with a better conclusion using a better data source and methodology. Best of luck
4 I think many grade cards that you and I wouldn’t but hoping to get 1 ten. They lose money on 5 cards but can make more money on the other 5, they dump the five losers and shop the 5 winners at local card shows. I think people are more savvy than you give them credit for at the national, kids we’re dealing with 1000s of dollars with really saleable cards. Why give psa money to sell easy sales. Psa vault on eBay is just one option for selling. Also notice the super high starting points on eBay psa vault cards. Psa is aware that these cards will not easily sell Again. Just another vehicle for selling mainly hard to sell cards. Yes, you have id the loser who buys a low demand card or gets a low grade and try’s to flip it for a loss. I think those are not the norm.
PSA is doing this because of two things:
1. They are the big boys on the block(at least for now).
2. Social status(Dave Ramsey's favorite fear-mongering words).
Allow me to start with #2 first: How many of us have purchased a pair of sneakers, other than Nike in school, and was laughed at? I mean the brand you chose fit like Nikes, are comfortable like Nikes and may even be better than Nikes, but because walking around in a pi of brand new Nikes gives one a sense of superiority that would rather spend much, much more. I remember, while in college and during a study group several of my fellow classmates went to Starbucks for a cup of coffee, I went to McDonald's. They way my fellow months and/or years later when local mcollege classmates look at me drinking my cheap cup of coffer, you would have thought I had a nose full of boogers! I paid just over $1 for my cup of coffe, and they each spent nearly $9, again, because it's cool to be seen with that $9 cup of brew that a cup from McDonald's even thought it taste just fine.
Now, let's focus on #1 with PSA being the "Big Boys" on the block. Look, PSA is sadly walking the same path as Service Merchandise, Montgomery Wards, Kmart and yes, Blockbuster video. Remember when Blockbuster Video started, they were packed and even enhance the sell of VHS players around the country. They were so big that even though mom and pop video stores offer better prices and longer rented times, people preferred to go to Blockbuster Video...now where are they?
PSA can charged these prices, start an eBay consignment store and more, because they don't hav any viable competition. If you believe SGC and BGS are doing damage to PSA, just check the "Sold/Comps" on eBay. There are literally the same card that's being sold in a PSA slab, with SGC, but people, which means you and I, continue to act in this manner. I remember when blaster boxes were $9.99 at Walmart and Target, but the distributors wanted to make even larger profits, so just like the Pokemon ETBs they raised the prices and there was a backlash, THAT'S why today if you walk into Walmart, you see Blasters boxes, even Mega on clearance, because other collectors and I put our foot down and stop buying their products.
Imagine if PSA lost 25% to 40% of it's business, even for a month or two, because "WE" refused to continue to pay their prices, you would see far more sales and more! If you want to get a company's attention, forget sending them an email, just affect their bottom-line and they will rush to get more consumer friendly.
I hate to be the bearer of bad news, but it's going t remain this way and even get worse until the government gets involved and starts to regulate companies lik PSA, BGS, SGC, even GMA. That will be the only way prices come down and grading becomes standard, across the board, meaning no more getting a 10 with SGC and a 9 with PSA, they will be forced to use a similar structure, including, wait for it Artificial intelligence (AI)
Just what we need: govt to get involved in card collecting. Does such a great job when it tries to regulate anything else. what could go wrong.