@JGreen0115@collectors@PSAcard I guess you could say that. I’m also not just blindly sending cards in. It’s after looking at them thoroughly and a large vetting process. There are definitely ways to adjust to this update, I’m just exhausted from the continued squeeze if that makes sense.
@dylanpatriots@collectors@PSAcard Oh I see. Essentially, you're already playing black Jack and gambling a bit anyway but PSA is making the cost per hand go up but you don't get any extra money out of it if you win. That's fair.
Welp this is where I’m going to call it. Officially cancelled my @collectors club membership (will lapse when the renew date is). Spent over $50k grading the last two years with @PSAcard but it’s not realistic anymore.
Instead of investing in their own company to open new grading sites to improve turnaround time, they are instead pushing the bottleneck onto the customer. It was fun while it lasted 🫡
It’s not as much as having a ton of cards at one time it’s in and out and in and out constantly. But over the last 3 years I’ve seen $50 card to $150 with a 10 go from ~$65 all in to $80. And then you have to add the 9’s where you blow the grading fee completely. It’s just becoming tighter and riskier to continue doing what I do, to the point where it’s just not as worth it as it was before. My risk tolerance is my own of course but the tighter it gets, the less appealing it is
@dylanpatriots@thakilla@collectors@PSAcard Ok 2 things. 1 completely forgot the sheer amount of sports cards one could have(I was thinking TCG people who I also saw complaining) and 2 how much value is being add having PSA grade a Coleston Loveland card a 10? I'm legitimately asking the economics.
@dylanpatriots@collectors@PSAcard Ahhh. It took you a minute, but you walked right into it. So, you spent $50,000 so you could have $500,000 in sales. Do you think that we think you are going to quit that hustle over $15,000 more in fees?
@dylanpatriots@collectors@PSAcard Because there is no way one person can afford to do that. You trying to act like you just have $50,000 laying around to put your cards in plastic holders. No one can afford to collect like that.
@thakilla@dylanpatriots@Degen_CPA@collectors@PSAcard Makes me wonder what he was grading. No way one person has 2500 cards on hand that grading will add substantial value to? Was he sending in JJ McCarthy rookie cards so their value went from 12 dollars to 35?
@13AHill No, honestly I’ve grown tired with a lot of the hobby in general with rising costs, including USPS shipping… 90% of what I do is through PSA and honestly not any of the companies truly compare. Think I may just sit out
@dylanpatriots I saw you’re pulling your money from them … do you have a preference for a follow-up? The hard part is how different the secondary market values PSA over other options
@dylanpatriots@collectors@PSAcard Of the 50k how much was up charge if you don’t mind.
We #thehobby can change it. It has to be a collective unfortunately this is the problem .
@icecoldhonke@collectors@PSAcard No, none of the other companies add half the value PSA does. I think I just won’t participate anymore. Unless that changes
@LundoCalrossian@collectors@PSAcard Yeah it was always my favorite way to make money in the hobby. Buy raw, grade, sell. I enjoyed that aspect the most so that’s what I always primarily focused on. Feel like I keep getting squeezed now, the risk is much higher now than before.
@dylanpatriots@collectors@PSAcard Sadly, I don't think these stories resonate with companyleadership. The slabs are favored by the secondary market now, but that may not hold. The whims of the hobby can be fickle and change. One way companies can protect against that is to treat customers right. @CardPurchaser
@NEOCards_Comics@collectors@PSAcard It’s been 4 years since they expanded grading in New Jersey and the Florida site was taken and is shared with SGC. Doesn’t do much for me when turnaround times are only getting worse and we get our 4th price hike in a year.