Wrote this back in October 2020 and my opinions are mostly the same except for a few things I’ll mention at the bottom:
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I don’t really get why it has to always be one vs the other. I’m currently using three grading companies.
PSA:
Preferred choice for mint cards that are slightly off-centered. BGS and CGC have stricter centering parameters than PSA. Value wise, if a card I am planning to sell will get a 9.5 due to 9 or 9.5 centering, but would be a PSA 10, I will send to PSA.
BGS:
Preferred choice for crossgrading strong PSA grades. I think BGS 9.5s are a great value right now. There is massive fluctuation in card condition within PSA 8 and 9 grades due to no subgrades and no 9.5. If I have a PSA card that is woefully misgraded it is easier to cross with BGS than to wait a very long time and pay an upcharge/high cost to review with PSA.
CGC:
Preferred choice for buying and collecting, I prefer binder cards in general but like the clear plastic and enjoy paying cheaper prices for same-or-better quality cards, especially if I am planning to crack for my binder anyway. Along with BGS, preferred choice if I don’t want to pay large amounts for service tier level due to max flat rate.
The high tier rates at PSA are a massive turn-off. If you find your old collection and it has a 1st Ed. Base Charizard, you’re looking at $500 to grade one card, and $1,000 if it gets a 7 or higher. If you’re not getting high enough offers due to not being PSA graded, you can always just crossgrade.
I’m running out of cards to submit, but if I can sort through enough to make a bulk order worthwhile, I will be sending to CGC, since I am not willing to wait a year or more.
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Changes over past two years:
Since this post, PSA has improved turnaround times and lowered rates, so I’ve begun using them for bulk again.
I’ve also purchased a few BGS 10s I thought were good value buys, and graded a sub with BGS I was explicitly hoping for 10s on.
I’ll pay a premium for old label CGC 10 but not new label which I don’t like the style as much. I had long advocated for lowering the centering standards for CGC which are prohibitively strict and kept many cards from receiving 10. Unfortunately they seemed to lower standards for the other three subgrades but keep centering just as strict. There are still no public centering parameters which there are for BGS & PSA. It’s definitely my biggest peeve with them.
I continue to send all errors to CGC and prefer my personal collection cards to be CGC. The 9.5s are a good value especially old label.
Wrapping up this post with the hilarious journey of this Flareon gold star. I graded it a CGC 8.5, sold to someone who cracked and graded Psa 9, who then sold to someone who cracked and graded PSA 10. That sums up some of my feelings about why I don’t collect PSA 10 Chanseys.