What is the point of arrivel-time? Since, that is not the date that has any meaning? How long do I have to wait with a regular before it get in to order prep?
I mean, arrival time is the day it arrived, so you the customer knows they received your package in their warehouse, but they havenāt been able to open it yet to enter the cards into the system and start the grading process. I agree that the date doesnāt really have any meaning or indication on when your cards will be back.
Personally I had a Regular arrive 3/26 that hasnāt yet been entered. From tracking some other info back in this page, others had Regular ordered arrive at the start of March that were entered at the start of April. However, a lot of the info given from others were orders that packaged both Regular and Express cards in the same package, so they may have been given preferential treatment due to higher service levels for some of the package.
With the increased cost of grading, do you think thereāll be a market for appraisal services? Imagine getting only a pre-check. Where would I find a service like this?
I wouldnāt personally expect a service like this. Ludkins used to do it alongside their grading services for $1 a card, but recently stopped (to my knowledge). The shipping fees for a pre-check only would likely be more than the costs of the services. And if not (or if your cards are valuable enough that you donāt care), the insurance necessary to handle an operation like this is probably unfeasible for the amount of profit one could make.
In the short-long term, when grading cools down a bit and PSA/CGC are operating at normal capacity and timeliness, I could see a middleman grading service bringing back pre-checks. But unless someone were to travel to conventions and do this in person, I canāt see a pre-check only service coming out.
(And even just doing this at conventions, even charging 10% of the grading fee per card probably wonāt let you break even on what the event organizer would charge you for a table for the weekend)
To know they received your package safely and it is in line to be entered into the system. It depends when they received it its been taking about two months but the PSA CEO just stated today that all orders should be entered by end of May. Once entered expect to wait another 2-3 months to get it back.
Did anyone else notice the change of language the PSA CEO made regarding reopening? I read this as maybe the Express tier will reopen July 1st but Regular and Value tiers will take longer. Let me know your thoughts:
April Update -
"Effective immediately, PSA is temporarily suspending our Value, Regular and Express service levels. This will allow us to fully unbox and receive the recent surge of orders and focus on our most impacted service lines.
We will take a tiered approach to reintroducing these service levels. Our goal is to bring all suspended service levels back by July 1, 2021."
May Update -
āThe suspension continues to be the right thing to do, and while none of the suspended service levels are returning just yet, the progress we are making keeps us on track to begin reintroducing service levels on July 1.ā
To be honest this was expected and I think July 1st was a bit too optimistic based on the backlog. Once PSA finishes entering all orders in the backlog (by end of May per todays update) I would imagine it would be all hands on deck grading and pumping items out the door.
āLudkins used to do it alongside their grading services for $1 a card⦠even charging 10% of the grading fee per card probably wonāt let you break evenā
10% of $20/card grading fee is $2, so youāre thinking in the $1 - $2 range. Iām thinking cheaper but havenāt done the math on it yet. Like you said, I donāt recall them doing a pre-check only option I think it was just an add-on to grading.
āThe shipping fees for a pre-check only would likely be more than the costs of the services.ā
How do you mean? You can fit thousands of cards in a medium flat-rate box.
āthe insurance necessary to handle an operation like this is probably unfeasibleā
Do you mean shipping insurance? Or some other kind of insurance? I can see submission shipping insurance being a concern. But same as when shipping to a grading company, itās up to the customer how much they insure. Return shipping would be necessary and costly but I know businesses can get bulk third-party insurance for much less than retail.
Interested in hearing othersā opinions on this too!
Yeah by alongside their grading service I meant as an add on to grading.
Most of my grading submissions are relatively small, 10-20 cards at a time. And especially now when bulk grading is $20+ per card, I donāt have the $$ to send much more than that at a time. I was definitely generalizing based on my own experience, but $8 shipping both ways to spend $1-2 a card for 10-20 cards was about the #s I was basing that off of. I exaggerated a bit but the service I envision would cost 20-40 bucks plus $16 for shipping.
The insurance I mention would be for the value of the cards theyāre currently holding to be checked, I assume that at some scale, anyone holding significant amounts of someone elseās cards would need/want insurance in case of disaster or theft, etc.
Yeah, I read this the same way - I have had the feeling that PSA needed to be smart about how theyād open back up so as to avoid the swarm of 3 months worth of submissions on July 1st. I guess the gradual reintroduction is their āsmartā way of going about it. I donāt think this is a solution though seeing as ābulkā submissions are bulk; thatās where the most amount of cards are going to be submitted anyways. With that said, itās also the cheapest considering the price augmentation that we also have to keep in mind. Add all of this together, and I think CGC are going to gradually come in and offer themselves as a balancing alternative to PSA over time. Iām curious over what others think about that last point especially.
I read it the same, which confirms my assumption that PSA will only open to the masses after the summer.
From my standpoint (and it makes sense business wise), PSA might opt to reopen the highest suspended tier every 2-3 months to finally open bull subs at the end of the year (at an increased price). Owners that couldnāt afford/didnāt want to pay the highest available tier might be swung to go for the reopened tier, even though this would still be (substantially) higher than their original goal: bulk subs. PSA could attempt to force the owners with more liquidity/more demand elasticity to send in earlier at higher tiers.
What also struck me was that they āare en route to have all orders REGISTERED by the end of Mayā, which seems like they are simply moving the bottleneck from registering to grading at the end of May. The thing that scares me there as a collector is that this could potentially result in more sloppy grading/encasing of the cards⦠I strongly hope I am wrong.