Solid video, my friend. You have hit on the sore spot that none of the grading companies will actually address: submission control. It is a tough question because for all of the grading companies it does directly effect their bottom line. It is also a sore spot for the customer base of the hobby. In the past, years ago, I might have sent no more than 10 cards to PSA or SGC; I considered that a lot! To know that there are people sending in thousands of cards is bizarre. Now with YT you can see these people verify this through their "reveal" videos. They are the flippers who have zero invested but the dollars. Honestly, how many Ja Morant cards can ONE person have to send in? The stuff I've seen... PSA, BGS, SGC, etc., have all enjoyed receiving the fees for all these MILLIONS of submissions, but are now drowning in the reality of the service they have to provide. In many cases they are not coming through of their turnaround times, which further infuriates the flippers. BTW, none of the other companies is going to thrive here. None. Why? They are also under tremendous strain of the new group of flippers not willing to wait out the PSA strategy. The trading card companies don't really care either. They push the new product, the retailers then decide how much to actually sell or "break."
I think that PSA should've made a second base in Europe. That would've lighten up the queue in US and they'd get more customers here. In addition the waiting time (at the beginning at least) would be extremely low. Here in Europe it's pretty hard to get PSA graded cards cheap because of the shipping costs. I know a lot of people who were thinking about sending cards to PSA but due to the long queue and the extra shipping fees. Sending cards there is not worth it except high priced cards.
Dude I 100% agree on your idea that PSA should have started limiting the amount of cards people could send in instead of raising the price. They may have made a lot of money in the short run by not putting a cap on submissions, but over the long run I wouldn't be surprised if they wound up losing A LOT of business with this move especially if CGC can also pick up where Beckett is known to slack off
I think you’re absolutely right. I really wish we could find out how much their return customer rate drops over the next year due to this. They really messed up.
Love your videos! Could you do a video on anything you know about Japanese trading card companies collapsing. Nin-nin Games, Nippon Hassan and Amiami seem like they've just taken people's money and aren't dispatching orders. Aside from Plaza I really want to know what retailers to trust now that that Covid is getting worse in Japan again. Thanks!
I wish CGC could handle the wave of new customers but honestly they’re so far behind on turnaround times too. They’re still working on bulk orders from December which is wayyyy before most people started sending cards their way. I sent in a bulk order to them a month ago and it still hasn’t even been checked into their system!
Fuck PSA, their greed, complacency and ineptitude has brought them here and I'm happy to see them being taught a lesson. The opportunity for BGS and CGC is so healthy for the market and all collectors. I'll happily have a 1/3 of my graded cards from each company if they're all competitive for, say, each card value tier (for example), but PSA's hold on the market needs to end, and it is. I still like my PSA graded collection and will continue to use them if and when their pricing and turnaround times become competitive again, but boy oh boy did we all need this to happen for their competitors.
What else can they do though? It was an 8million card back log...I don’t like the price during this period obviously but I can understand it’s to stop people from sending In stuff that isn’t top tier. The data shows they’ve been getting in an astronomical amount of submissions when compared to the other companies. CGC wouldn’t be able to deal with this back log...they would be stuffed I reckon
The pandemic has shown that a lot of the systems we create and use are somewhat like machines that consist of lots of little gearwheels. These wheels are both the people at psa and the people who send in cards or buy graded cards, because if you take one group away, the others disappear too. If a lot of them aren't spinning as they should, the machine might still be running somewhat sufficiently, but if the load increases like during the pandemic/Pokemon hype, it will come to a halt. People at psa weren't able to react because people in big, rigid companies forgot or never learned how to change or improve, others sent in many thousands of cards at once to get graded, and many Influencers communicated and promoted the strategy of always sending everything in for grading etc. If we decide to be egocentric like that and to just think about myself and maybe my following or the people who I get the money from, then we aren't spinning as we should as a part of the whole universal ongoing. Just saying.
I like your analogy of the spinning wheel and working in unison. But I feel as though PSA was being selfish and money-grabbing. It was clear over a year ago they were struggling with volume. But they did NOTHING about it. That is my issue
It amazes me that they are able to do this and remain amazing to everyone out there. I wanted to get some of my valuable cards graded and the site said they weren’t going to have the cheaper options available until July at least. I’ll be buying from and grading with CGC now
Good to hear that you’ll be switching it up. Hopefully other companies take notice of PSAs mistake because this’ll hurt their return customer rate for sure.
@@PokeJebel agreed for sure. PSA is the most popular company alongside Beckett I think. It’s a shame they did that. Even with so much going on and them being backed up with so many cards. They still could have left more affordable options open. But then we also have to remember with so many people coming into the hobby for a quick buck that there’s a surge of worthless cards being graded. Either way both the card owners and the company are at fault. It’s not completely on PSA
You're looking at very similar turnaround times already between CGC and PSA. CGC upped their turnaround times to 144 business days AFTER registration. They're currently working on submissions that were registered in mid-december, which means they're realistically working on orders sent in november. This also does not include the MASSIVE wave of cards they likely got over the past two weeks with PSA being shut down. CGC is fine, I have orders there, but don't send there expecting you're going to get anywhere near a fast turnaround time.
beckett is really bad about it right now too. i submitted 5 cards back in november 2020 via economy tier and they said i won’t get them back until spring 2022
I’ve heard that they ran out of warehouse space to store the cards and there local post office got overwhelmed and couldn’t hold anymore cards. And this is pretty old news.
btw is there a way to get the article you wrote analyzing dream league? I just saw your 2nd to last livestream video where you mentioned it and I'm assuming if I sign up for the newsletter now it's not available
I’m waiting for PSA regardless, when they open back up they’ll get the business back and those other grading companies will be flooded with submissions. PSA wins again 🎉
@@PokeJebel this would have solved the “junk slab” type cards from being submitted aswell. I guess they wanted to cash in upfront but now they’re going to pay for that decision.
PSA suck, ive been raw collecting pokemon/yugioh for 25years most of my cards are mint but until they learn to grade and stop been idiots im not sending them in no subgrades is ridiculous...when they come back nobody has a clue why a "10" came back an "8" but we just have to deal with loss sometimes a massive loss seen loads of 10's offcentre'd to death its stupid
Yup, heard so many of these stories. If you’ve been doing it for that long then you’ll have more experience than most with this! Thanks for the comment 😁
They could have increased bulk to 20 last march and doubled their profits without losing customers or surrendering part of their market share to CGC, personally I won't use PSA I'm sticking with CGC as I see their reputation is holding strong
Interesting to hear you’ll be sticking with CGC. This is why I was “worried for” PSA a long time ago. Good for you for sticking to what you prefer rather than the “label” of PSA! 😁
@@PokeJebel honestly mate it's the wait time, and the fact my cards aren't high value 9s or 10s, I really see the PSA prices levelling out with CGC after the PSA flood next year
But James has like 2k cards at psa, he's openly admitted that but what about the ppl with 25k and 30k cards at psa 🤔 😳 he's the worst example you could have used
@@PokeJebel im just saying for you to be a "youtuber" and not do research before speaking on something like that shows how little you know. You have multiple ppl that watch your channel so research should be done. As questions get answers then speak to the public. Psa was receiving hundreds of thousands of cards a week and that man has a small amount
No, he doesn't know that because he hasn't gotten cards graded before lmao. It's not his business model which surprises me that he's commenting on it so boldly.
Honestly there are just so many things that are wrong with this video, but I'll just pick on the easiest I guess. Saying that BGS and CGC are still "far faster" than PSA is goofball lunacy. CGC is now 144 BUSINESS DAYS and that's AFTER the cards have been registered. I have orders there since November which have not even started the grading stage. I'm realistically looking at a very similar if not longer turnaround time for my CGC orders than I am for my bulk PSA orders which have either taken or on track to take about 7/8 months. We're 5, almost 6 months out on my CGC order and it's not even in grading yet. In what universe is this "far faster"? And you say if you were in charge you would slow down people being able to submit, which is literally exactly what they did with the price increases and limiting services which have been unavailable for months and months at this point, but then you say them doing this gives their competitors a chance to catch up? How would it be any different if you were in charge of PSA and slowed down submissions? Would that not give competitors a chance to catch up? And PSA charges once the submissions are done grading and sent back, so no PSA wasn't taking in as much money as you seem to think. It's likely they weren't making much at all after the cost of doubling staff, buying two new facilities, and insuring millions and millions of cards on their property.
Okay slow down PSA homer. PSA have a turnaround of nearly a year. So therefore CGC is still quicker. Almost 50% quicker if a year is the current turn around time. Secondly, if you listened to what I said, I said that if PSA had even taken slight notice of the issue they had with turnaround time LAST SUMMER they wouldn’t have this problem. It was a red flag then, it was an even bigger one in November. I’ve talked about this in videos for MONTHS that they were greedy with the volume and not fixing it in any shape or form.
Furthermore it has nothing to do with expansion. You don’t just keep on bleeding while expanding. It’s ludicrous. It’s not good business practise to have people waiting especially when they have a “30 day turnaround” which turns into a year.
@@PokeJebel Man I don't even know why I'm bothering arguing with someone who thinks a single submitter who has submitted 2,000 cards over the course of a year has anything to do with the reason why PSA is backed up. I don't know why I'm bothering arguing with someone who has admitted to never getting a card graded because $10 per card is too expensive. You also say you don't want to get cards graded with PSA because you don't want to spend a thousand dollars and then have to wait a year for the cards to come back showing that you didn't know that PSA charges you when they're shipped back to you and no sooner. Keep it up man!
@@PokeJebel Yep, that's what it is! Has nothing to do with your fundamental misunderstanding and lack of knowledge on literally every single grading company and how they work.
Solid video, my friend. You have hit on the sore spot that none of the grading companies will actually address: submission control. It is a tough question because for all of the grading companies it does directly effect their bottom line. It is also a sore spot for the customer base of the hobby. In the past, years ago, I might have sent no more than 10 cards to PSA or SGC; I considered that a lot! To know that there are people sending in thousands of cards is bizarre. Now with YT you can see these people verify this through their "reveal" videos. They are the flippers who have zero invested but the dollars. Honestly, how many Ja Morant cards can ONE person have to send in? The stuff I've seen...
PSA, BGS, SGC, etc., have all enjoyed receiving the fees for all these MILLIONS of submissions, but are now drowning in the reality of the service they have to provide. In many cases they are not coming through of their turnaround times, which further infuriates the flippers. BTW, none of the other companies is going to thrive here. None. Why? They are also under tremendous strain of the new group of flippers not willing to wait out the PSA strategy. The trading card companies don't really care either. They push the new product, the retailers then decide how much to actually sell or "break."
I think that PSA should've made a second base in Europe. That would've lighten up the queue in US and they'd get more customers here. In addition the waiting time (at the beginning at least) would be extremely low. Here in Europe it's pretty hard to get PSA graded cards cheap because of the shipping costs. I know a lot of people who were thinking about sending cards to PSA but due to the long queue and the extra shipping fees. Sending cards there is not worth it except high priced cards.
I do wonder why they haven’t opened one in the EU or UK...
At least in Europe we have Graded Gem, which is really cheap and fast
6:50 BIG BRAIN
when will you have more japanese booster boxes for sale?
They wouldn't be so behind if they didn't close the offices.......wouldn't be having a massive backlog too
Not an American, but uh, werent they forced too becasue it isnt considered a essential bussines?
Dude I 100% agree on your idea that PSA should have started limiting the amount of cards people could send in instead of raising the price. They may have made a lot of money in the short run by not putting a cap on submissions, but over the long run I wouldn't be surprised if they wound up losing A LOT of business with this move especially if CGC can also pick up where Beckett is known to slack off
I think you’re absolutely right. I really wish we could find out how much their return customer rate drops over the next year due to this. They really messed up.
Have you ever submitted to PSA?
Shit if I was submitting a card for 300 bucks I’d be hand delivering that bad boy 🤣🤣
Amen 😂🤣
Love your videos! Could you do a video on anything you know about Japanese trading card companies collapsing. Nin-nin Games, Nippon Hassan and Amiami seem like they've just taken people's money and aren't dispatching orders. Aside from Plaza I really want to know what retailers to trust now that that Covid is getting worse in Japan again. Thanks!
I wish CGC could handle the wave of new customers but honestly they’re so far behind on turnaround times too. They’re still working on bulk orders from December which is wayyyy before most people started sending cards their way. I sent in a bulk order to them a month ago and it still hasn’t even been checked into their system!
Yup, that’s what I feared. They really should’ve learned from PSA.
Fuck PSA, their greed, complacency and ineptitude has brought them here and I'm happy to see them being taught a lesson. The opportunity for BGS and CGC is so healthy for the market and all collectors. I'll happily have a 1/3 of my graded cards from each company if they're all competitive for, say, each card value tier (for example), but PSA's hold on the market needs to end, and it is.
I still like my PSA graded collection and will continue to use them if and when their pricing and turnaround times become competitive again, but boy oh boy did we all need this to happen for their competitors.
What else can they do though? It was an 8million card back log...I don’t like the price during this period obviously but I can understand it’s to stop people from sending In stuff that isn’t top tier. The data shows they’ve been getting in an astronomical amount of submissions when compared to the other companies. CGC wouldn’t be able to deal with this back log...they would be stuffed I reckon
Hey Jebel, welcome back! Good luck with final exams.
Thanks George!!
The pandemic has shown that a lot of the systems we create and use are somewhat like machines that consist of lots of little gearwheels. These wheels are both the people at psa and the people who send in cards or buy graded cards, because if you take one group away, the others disappear too. If a lot of them aren't spinning as they should, the machine might still be running somewhat sufficiently, but if the load increases like during the pandemic/Pokemon hype, it will come to a halt. People at psa weren't able to react because people in big, rigid companies forgot or never learned how to change or improve, others sent in many thousands of cards at once to get graded, and many Influencers communicated and promoted the strategy of always sending everything in for grading etc. If we decide to be egocentric like that and to just think about myself and maybe my following or the people who I get the money from, then we aren't spinning as we should as a part of the whole universal ongoing. Just saying.
I like your analogy of the spinning wheel and working in unison. But I feel as though PSA was being selfish and money-grabbing. It was clear over a year ago they were struggling with volume. But they did NOTHING about it. That is my issue
It amazes me that they are able to do this and remain amazing to everyone out there. I wanted to get some of my valuable cards graded and the site said they weren’t going to have the cheaper options available until July at least. I’ll be buying from and grading with CGC now
Good to hear that you’ll be switching it up. Hopefully other companies take notice of PSAs mistake because this’ll hurt their return customer rate for sure.
@@PokeJebel agreed for sure. PSA is the most popular company alongside Beckett I think. It’s a shame they did that. Even with so much going on and them being backed up with so many cards. They still could have left more affordable options open. But then we also have to remember with so many people coming into the hobby for a quick buck that there’s a surge of worthless cards being graded. Either way both the card owners and the company are at fault. It’s not completely on PSA
You're looking at very similar turnaround times already between CGC and PSA. CGC upped their turnaround times to 144 business days AFTER registration. They're currently working on submissions that were registered in mid-december, which means they're realistically working on orders sent in november. This also does not include the MASSIVE wave of cards they likely got over the past two weeks with PSA being shut down. CGC is fine, I have orders there, but don't send there expecting you're going to get anywhere near a fast turnaround time.
beckett is really bad about it right now too. i submitted 5 cards back in november 2020 via economy tier and they said i won’t get them back until spring 2022
I don't recall Z&G personally sending in thousands of commons and uncommons of his own. Maybe others did through his grading service. I could be wrong
I do remember him saying he bought collections to send into PSA and he showed massive stacks of 1st edition commons and uncommons
He has said in the past that he personally has over 10k cards at PSA.
@@cardballgaming1826 nah not 10k, but closer to 1k.
@@laurencarson1570 ahh my bad. Thanks for correcting me Lauren.
@@PokeJebel Yeah. He bought complete 1st ed. base collections. Who wouldn't send those in to PSA?
Invest in the ticker symbol $CLCT they are the parent company of PSA
Interesting, I read that after a merger they became privately held and the stock ceased trading on NASDAQ
Loving the quality on these videos mate! Great work as usual.
Thank you my king
I’ve heard that they ran out of warehouse space to store the cards and there local post office got overwhelmed and couldn’t hold anymore cards. And this is pretty old news.
How is this A surprise to anyone people are sending commons in bulk for grading like come on
Throwing shade at Z&G Emporium? 😵 I took that VERY personally haha
Hey hey I love Z 😂🤣 I’m just saying that PSA should’ve limited everything rather than unlimited submissions
Same. Lol
btw is there a way to get the article you wrote analyzing dream league? I just saw your 2nd to last livestream video where you mentioned it and I'm assuming if I sign up for the newsletter now it's not available
Yes!! Just go to jebel.substack.com and you’ll be able to read it there!!
@@PokeJebel awesome thank you
I’m waiting for PSA regardless, when they open back up they’ll get the business back and those other grading companies will be flooded with submissions. PSA wins again 🎉
No doubt a lot of people will feel the same ☺️ hopefully they learned their lesson
Dreams of running PSA one day lols maaan you the man.
Hahaha high aspirations 🤣😂
I totally agree. At the eod they shut down operations while they should have just capped the limit of subs per submitter.
Absolutely!
@@PokeJebel this would have solved the “junk slab” type cards from being submitted aswell. I guess they wanted to cash in upfront but now they’re going to pay for that decision.
PSA suck, ive been raw collecting pokemon/yugioh for 25years most of my cards are mint but until they learn to grade and stop been idiots im not sending them in no subgrades is ridiculous...when they come back nobody has a clue why a "10" came back an "8" but we just have to deal with loss sometimes a massive loss seen loads of 10's offcentre'd to death its stupid
Yup, heard so many of these stories. If you’ve been doing it for that long then you’ll have more experience than most with this! Thanks for the comment 😁
They could have increased bulk to 20 last march and doubled their profits without losing customers or surrendering part of their market share to CGC, personally I won't use PSA I'm sticking with CGC as I see their reputation is holding strong
Interesting to hear you’ll be sticking with CGC. This is why I was “worried for” PSA a long time ago. Good for you for sticking to what you prefer rather than the “label” of PSA! 😁
@@PokeJebel honestly mate it's the wait time, and the fact my cards aren't high value 9s or 10s, I really see the PSA prices levelling out with CGC after the PSA flood next year
Great watch as always bud !
Thank you bro
But James has like 2k cards at psa, he's openly admitted that but what about the ppl with 25k and 30k cards at psa 🤔 😳 he's the worst example you could have used
Or I know literally nobody else who has that many cards at PSA?
@@PokeJebel im just saying for you to be a "youtuber" and not do research before speaking on something like that shows how little you know. You have multiple ppl that watch your channel so research should be done. As questions get answers then speak to the public. Psa was receiving hundreds of thousands of cards a week and that man has a small amount
Wow video and lighting quality is really getting up there now.
Thank you!!
Hey Jebel, you know that you don’t pay until your cards are ready to come back from PSA, right?
No, he doesn't know that because he hasn't gotten cards graded before lmao. It's not his business model which surprises me that he's commenting on it so boldly.
Well said! Great video.
Thank you!!
bgs is even worse lol.
Honestly there are just so many things that are wrong with this video, but I'll just pick on the easiest I guess. Saying that BGS and CGC are still "far faster" than PSA is goofball lunacy. CGC is now 144 BUSINESS DAYS and that's AFTER the cards have been registered. I have orders there since November which have not even started the grading stage. I'm realistically looking at a very similar if not longer turnaround time for my CGC orders than I am for my bulk PSA orders which have either taken or on track to take about 7/8 months. We're 5, almost 6 months out on my CGC order and it's not even in grading yet. In what universe is this "far faster"? And you say if you were in charge you would slow down people being able to submit, which is literally exactly what they did with the price increases and limiting services which have been unavailable for months and months at this point, but then you say them doing this gives their competitors a chance to catch up? How would it be any different if you were in charge of PSA and slowed down submissions? Would that not give competitors a chance to catch up? And PSA charges once the submissions are done grading and sent back, so no PSA wasn't taking in as much money as you seem to think. It's likely they weren't making much at all after the cost of doubling staff, buying two new facilities, and insuring millions and millions of cards on their property.
Okay slow down PSA homer. PSA have a turnaround of nearly a year. So therefore CGC is still quicker. Almost 50% quicker if a year is the current turn around time.
Secondly, if you listened to what I said, I said that if PSA had even taken slight notice of the issue they had with turnaround time LAST SUMMER they wouldn’t have this problem. It was a red flag then, it was an even bigger one in November. I’ve talked about this in videos for MONTHS that they were greedy with the volume and not fixing it in any shape or form.
Furthermore it has nothing to do with expansion. You don’t just keep on bleeding while expanding. It’s ludicrous.
It’s not good business practise to have people waiting especially when they have a “30 day turnaround” which turns into a year.
@@PokeJebel Man I don't even know why I'm bothering arguing with someone who thinks a single submitter who has submitted 2,000 cards over the course of a year has anything to do with the reason why PSA is backed up. I don't know why I'm bothering arguing with someone who has admitted to never getting a card graded because $10 per card is too expensive. You also say you don't want to get cards graded with PSA because you don't want to spend a thousand dollars and then have to wait a year for the cards to come back showing that you didn't know that PSA charges you when they're shipped back to you and no sooner. Keep it up man!
Yeah I don’t know why you’re debating with me either when you have no idea about simple theories of economics.
@@PokeJebel Yep, that's what it is! Has nothing to do with your fundamental misunderstanding and lack of knowledge on literally every single grading company and how they work.