PSA suspending most services as of Mar 30 2021

If you want a gut check of who this effects the most, just read thru the twitter responses :blush:

will the price of card savers finally go down.

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Did we ever get an explanation from them justifying the summer quarterly specials and modern specials, beyond ā€œour investors and potential buyers are concerned about the pandemic economy and we want to show strong guaranteed quarterly performance via expected revenue for the rest of the yearā€?

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Say it ain’t so, Joe (Orlando)! :rofl:

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CGC price increase in 3…2…1…

About time. I’m really liking the new post-acquisition PSA.

I’m glad I submitted almost everything I care about already. Hopefully they actually do get through the backlog faster, now that they can put more staff on that.

It’s just the middleman services I’m concerned for. I hope they are able to ride this out the next few months.

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I don’t get who this helps. If you have cards in their backlog, this isn’t going to make those get graded sooner - they would have been done before any cards submitted today anyway. PSA is also missing out on any potential revenue while they work through the huge backlog of cards sent in at $10 a piece.

If I were PSA, I’d give folks the option to bump their bulk submissions up to regular @ $100 per card in order to clear through that bulk backlog while actually making some money out of it.

I wonder what an unused 15 card voucher would go for?

Haha - food for thought.

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They didn’t buy prime real estate in orange county to be a storage unit.

Assuming they cards are all perfectly in cardsaver boxes, 180 per box stacked up 7 foot high. A room of 150 feet can fill around 350,000 cards. If they have a 10 mil of completely untouched backlog, that’s about 4000 sq foot just in extremely condensed storage. Given shelves, walking space and all that it’s easily double that footage. If the backlog is even bigger, it is easily eating up 10-20k of space that isn’t really doing any good.

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You’re assuming PSA is FIFO, which isn’t the case, unfortunately.

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Wild. I’ve only about a thousand cards there currently, but they’re still on step 3 and that’s since last June. Gotten a couple submissions back recently, and I can’t speak to the turnaround times or new pricing when they reopen back up, however, at this point it was heading towards 1.5-2 years bulk turnaround time. I applaud them for taking this unprecedented step in a crazy time. Better than just saying ā€œkeep sending them, we’ll get to them. Yeah, yeah we can handle it…we’re good.ā€ They realized they were simply way over their heads (quite literally) in cards. I do appreciate that. Maybe even a little late of them, but I get it.

These are amazing news, looking forward to see the day when PSA works again really smoothly.
By all means be patient with your cards, fitting picture for this situation.
https://instagram.com/p/CNEQTzkDQqQ

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This is probably the most boomer ā€œmemeā€ I’ve ever seen

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The ā€œSo-Calledā€ meme.

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Newly submitted items will take time away from researchers, graders and assemblers to go through Express, Regular, Economy and Value service items.

Your item spends equally long times in Research & ID and Grading and newly submitted items (especially higher tier services) lengthen those times for lower tier services.

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The most surprising thing I learned was that 2.1% of submissions are apparently at super express or higher.

With the halt on PSA grading, PSA 7+ prices are going to be insane

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This was my very first thought. Especially PSA 7 unlimited clefairys. Brace yourself!

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200IQ play, stop service so other grading companys getting slowed down too XDDD

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A decision that actually makes sense from PSA…quite surprising :grin:
They should put a limit on submission volume per person when they reopen otherwise they will get drowned in new subs (even when they would increase prices as well, which I sure hope they do)

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