PSA Declared Value - Now What?

[KingPokemon]

PSA would lose an up charge lawsuit stating a 20 day appx sub got completed a month later at 45 days if the value increase happened after 20days. They could be accused of delaying the notification of a sub completion in order to justify an up charge.

What the heck am I talking about?

[genosha]

@madden12ut

@papafrankgod

Finished reading and ended up more confused that when I started

OP is concerned about subbing something like a base zard that, at the time of submitting was worth $200 raw and maybe $1k graded but by the time PSA finally grades it, is now $10k graded. He’s thinking that due to the dramatic price increase, PSA will upcharge based on the current value and not the value that it was when it was originally submitted. I guess that’s a pretty decent concern

And that’s why you submit to CGC, so you don’t have to deal with 6 to 8 months of backlog and get your card back graded within a fortnight.

[shadowless]

@pokebowl

@crushingame

I think you’re referring to a “bubble”

If the market deems it to be a 400 dollar card then yea, it’s going for 400.

I haven’t seen prices come down since I’ve started collecting last year, they have only gone up, so the idea of a bubble bursting isn’t going to happen.

JUST BUY WHAT YOU LIKE AT A PRICE YOU CAN AFFORD

It has nothing to do with bubble, I wasn’t going there. I’m foreshadowing certain indirect causalities of what is going on long term. It’s actually my job to apply predictive and behavioural analysis and I’ve always been that guy that has been and been able to see multiple steps ahead as they say. Wether we are in a bubble or not or prices will drop or not is irrelevant. Here’s a few examples:
…

We all know that bulk/low value raw cards selling for thousands isn´t sustainable.
If it somehow is though, you will get upcharged but you can just sell at those rates.
If it isn´t, you will not get upcharged.
I really don´t see a problem here unless you´re submitting bulk cards for you personal collection.
If we´re talking about submitting actual high end cards, you have several options:
Personal collection:
PSA: pay the upcharge, get the biggest market acceptance, slow turnarounds (unless express)
BGS: no upcharge, less market acceptance, slow turnarounds (unless you´re submitting express @100$+)
CGC: no upcharge, less market acceptance, fast turnarounds
If you never want to sell anything from your personal collection, market acceptance does not even matter, so no need to grade with PSA.

Selling:
PSA: upcharge, profit anyways BGS/CGC: see above

[snap]

Nice discussion.
I always keep in mind that ANY collectible market is capable of retracing and even crashing because I have seen it before with others. Pokemon is a different beast at the moment with so much attention and people looking to cash in jumping on the bandwagon. If the profits stop rolling in, those people will leave as the profit is their main focus. All it takes is for people to do some reflection and weigh up how many work hours they’re exchanging for some shiny cardboard.

“It’s just colourful cardboard!” is a phrase that may one day be comparable to “It’s just a tulip!”.

There are some differences however, you can grow more tulips.
I don’t know what the future holds but I do know that a crash or retrace is definitely not impossible.

I would suggest people consider how much value add to their life their purchases will make before spending.

[crushingame]

My bad, I guess I misinterpreted what the OP was originally trying to say.