Seems like a good idea to bring the groups that collect things like Pokémon and the folks that collect sports collectibles together with a giant footprint.
No because you have inexperienced people that don't know about grading or handling product. It's just a continuing effort of PSA putting more inexperienced people on the frontline
I think the GameStop people literally just do the paperwork - and the only interaction they have with the cards is when the paperwork is good they put them in a shipping box - and they only take them if in correct protectors. So it’s just like a funnel for that guys company. It isn’t diluting the expertise imo.
It would be interesting if they could capture cross-sell traffic at store level to see how much people would spend once they set foot inside the GameStop after they’d shown up to get their cards graded…
@@SportCardMadness thanks bro you guys fueled this concept! looked it up those cost about 10,000 to make and from a defunct company could probably be obtained for Pennies on the dollar right?
I see PSA graded vintage cards from several years ago and compare them to recently graded PSA vintage cards and there definitely seems to be a discrepancy in the grading standards during the two time periods. What happens in the scenario where there is a 1968 Topps Nolan Ryan RC graded a PSA 4 several years ago but would only grade a PSA 2 today? What happens when a buyer/seller agree to sell a PSA 4 Nolan Ryan RC for market price of a PSA 4 ($800) but then either during the purchase or after the purchase there are problems because the card only has the value of a PSA 2 (which is what the card would grade today and the grade the card should have received back then)? How does PSA's guarantee kick in? Does PSA owe either of these parties money for relying on the PSA 4 grade to their detriment? If PSA over-graded several thousand vintage cards back then, what could be the possible economic consequences today? I'm assuming their 'guarantee' is covered with some 3rd party insurance.
You can't extrapolate revenue per store one for one across the GameStop footprint. There is overlap between stores and some areas have different demographic and income levels.
I frucking knew it! PSA owns half of Gamestop. The "partnership" or "business decision" thing is just a cover code of buying half of Gamestop. This is the same language they used when buying LCS's across the country and COMC. PSA is still continuing to buy shops. "Authorized dealer" means they were bought by them; they will not allow you to accept any submissions from other graders, including #1 SGC.
@SportCardMadness please do that's a video we need cause last time I walked in Game Stop at the register was a man in a dress with a wig on I ran the hell out of their 🤣🤣🤣
Our full interview with Nat Turner is here: ruclips.net/video/_KTVQHFnpOI/видео.html
You are challenging NEO and Dustin as my source of breaking financial hobby news. Awesome!
@@wackerly Wow great company!
NEO is an outspoken advocate for PSA. That's why there are a ton of PSA fanboys hanging out over there
Seems like a good idea to bring the groups that collect things like Pokémon and the folks that collect sports collectibles together with a giant footprint.
No because you have inexperienced people that don't know about grading or handling product.
It's just a continuing effort of PSA putting more inexperienced people on the frontline
I think the GameStop people literally just do the paperwork - and the only interaction they have with the cards is when the paperwork is good they put them in a shipping box - and they only take them if in correct protectors.
So it’s just like a funnel for that guys company. It isn’t diluting the expertise imo.
It would be interesting if they could capture cross-sell traffic at store level to see how much people would spend once they set foot inside the GameStop after they’d shown up to get their cards graded…
💯
Those old red box machines are about to be repurposed mark my words 🤣👏🔥
@@Danliny94 Wow great call!
@@SportCardMadness thanks bro you guys fueled this concept! looked it up those cost about 10,000 to make and from a defunct company could probably be obtained for Pennies on the dollar right?
I see PSA graded vintage cards from several years ago and compare them to recently graded PSA vintage cards and there definitely seems to be a discrepancy in the grading standards during the two time periods. What happens in the scenario where there is a 1968 Topps Nolan Ryan RC graded a PSA 4 several years ago but would only grade a PSA 2 today? What happens when a buyer/seller agree to sell a PSA 4 Nolan Ryan RC for market price of a PSA 4 ($800) but then either during the purchase or after the purchase there are problems because the card only has the value of a PSA 2 (which is what the card would grade today and the grade the card should have received back then)? How does PSA's guarantee kick in? Does PSA owe either of these parties money for relying on the PSA 4 grade to their detriment?
If PSA over-graded several thousand vintage cards back then, what could be the possible economic consequences today? I'm assuming their 'guarantee' is covered with some 3rd party insurance.
You can't extrapolate revenue per store one for one across the GameStop footprint. There is overlap between stores and some areas have different demographic and income levels.
I didn’t even bother to do revenue per store. I simply took total revenue to date and did 12x since it’s been live for about a month full bore.
@SportCardMadness Ok. That seems conservative.
Wow nice do you listen to Marantz Rantz.
No I’ll check him out!
He allows his employees to steal your cards!
I frucking knew it!
PSA owns half of Gamestop. The "partnership" or "business decision" thing is just a cover code of buying half of Gamestop. This is the same language they used when buying LCS's across the country and COMC. PSA is still continuing to buy shops. "Authorized dealer" means they were bought by them; they will not allow you to accept any submissions from other graders, including #1 SGC.
Folks
Gamestop is bleeding money.
What PSA will do is they will convert Gamestop stores into PSA stores.
WATCH
If you can’t read a balance sheet or a cash flow statement you probably shouldn’t comment on the financials. Gme is profitable. Zero cash burn.
@@wolfeorr3727Nope. No one is going there anymore for the newest releases since it can be purchased online or through Xbox or Playstation store.
And over 4 billis in cash … maybe it’s the other way round
Ain't no way I'm leaving my cards at Game Stop I definitely don't trust it.
I’m going to test it out soon I think
@SportCardMadness please do that's a video we need cause last time I walked in Game Stop at the register was a man in a dress with a wig on I ran the hell out of their 🤣🤣🤣
Just take a pictures of them there with the submission and receipt .