PSA Buys SGC! What does this mean for you? | Sports Cards with Joe & Doug
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- Опубликовано: 1 окт 2024
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Thanks for watching! What do you think about the news?
I don’t trust one grading company (PSA) owning another (SGC), while preserving the illusion of independence by keeping the old brand (SGC). Feels like a conflict of interest, in my opinion.
For my PC slabs I prefer SGC, that black border helps the cards stand out. I hope this isn't a net negative.
I think it will be a net positive for the industry and definitely for SGC. I too have plenty of their slabs in my PC.
Ironic thing about PSA graded cards supposedly having a higher market value....3 highest priced cards ever sold at auction? Graded by SGC.
True, but if the Wagner PSA 5 or PSA 8 ever hit the market again (or one of the 1952 Mantle PSA 10s), that would change, but that's a very valid point as things stand currently.
Thanks for watching!
Have you seen the pic of one of the PSA 10 Mantles looks like trash compared to SGC 9.5.
Analogous to parent GM offering both Chevy and GMC trucks. Two distinct brands with common parent ownership?
yes, they are now siblings who share the same daddy
Excellent comparison!
I’ve been on the buyee side of corporate mergers. At first the buyer says you can keep operating business as usual. But over time, sooner rather than later, the buyee’s business practices exactly mirror the purchaser’s business and the old company is essentially no more.
Thanks for your input. Time will certainly tell!
That's been precisely my experience in business as well. It may take years, but you can't avoid the inevitable
If you just look at sports cards graded by PSA and SGC each month. It is much closer. Usually 4-5x. It’s the TCG that makes it look so skewed.
Excellent point. PSA dominates in TCG but SGC had made huge inroads on the sports card side.
SGC had a 24% increase in Sports card market share just last year. This was a planned sale for the owners of sgac to cash in and leave the collector screwed. Bait and switch by sgc.
Time for DGA to make big steps forward
It means I will never buy or submit to be graded ever again. Raw 100%. Lifetime collector and 15+ year SGC customer. No more. Done. F em all.
I think the value of your 15+ years of SGC slabs just went up with this move. We are hearing of a dramatic shift in buying on SGC over the last 24 hours.
Will this increase the value of SGC slabs?
I think so. There's the obvious hope that SGC eventually gets absorbed, and SGC cards are given the PSA label
We think so.
Not in my opinion.
Buying up competition to monopolize the market. Watch the grading prices jump up very soon.
another opinion we’ve heard is that Collectors is consolidating forces against possible future competition.
Yep it's all about money in America that's what will happen.
They already announced a yearly subscription increase. Gotta love it.
Interesting point raised on how this will impact the value of the SGC slab moving forward. Lot of opinions today that this may have been a move to block Fanatics? Quite an interesting day with this news, but it will be interesting to see where this all goes and it may take a while to get there.
We heard the exact same opinion from many collectors today but nothing to back it up, just speculation.
PSA is scandalous the heck with them
Thanks for watching and giving your input!
Are you guys going to be at the Nashville show next weekend? I need to drop some cards off to you.
Yes, we have 10 tables. Look forward to seeing you!
Screw this grading crap. Boycott them and let's all go back to the barter and trade. Like how it used to be before the government put these grading idiots into it.
What it REALLY means is Fanatics has the monopoly on cards and Collectors Universe has the monopoly on grading!
I see that in the future but Panini is still holding on to the licenses as long as possible.
The move made by PSA was designed to make money. They wont buy if they thought they would lose money. Cons maybe higher prices for grading since the competition has been reduced. It would be nice if they reduced prices overall to crush the competition especially since now their customers base has increased by two times. More customers lower prices equals crushed competition. But no it will most likely be higher prices for all the customers creating a bigger company. In other words its not how can we reduce prices for our customers it how can we get more customers and more money?
Thats the thing, they could close sgc tomorrow and "make money" off the liquidation and destruction of competition. This is an age old story. Big companies eat little ones. SGC are sellouts. 7/10 sgc customers were there due to our loathing and pure hatred of PSA. Believe me we aint hanging around.
@@joes622 I think if they remain independent companies ( which both Presidents have stated), it could be a net positive for SGC as they will get more and more exposure through the marketing machine behind collectors' companies.
Love hearing yall's thoughts. Interested to see how this all plays out!
Follow up from Joe… just had a long talk with our rep from SGC and they are very excited about the sale and look forward to great days ahead for both PSA and SGC.
Spin doctor. Do you expect them to tell the truth after their massive pay day?
@@jude999 Yes, the person I spoke @ SGC with has always been a straight shooter with me for many many years.
WTF do you think they are going to say? Short term ya, they all happy AF and prob got raises. 1-2 years from now will tell the tale, and we all know what happens when big companies buy little ones. You guys are delusional
@@joes622 Exactly. This is not going to be good news long-term. Healthy competition is important. SGC and PSA will no longer have that. Get ready for SGC to fall in line and eventually have, crappy customer service, longer wait times and higher fees!
Agree with your points. Collectors Universe recognized SGC and bought them with reason. They could have bought others instead but chose SGC. Congrats to both companies
Yes we think it’s very positive for both.
It also prevented Fanatics from swooping in, to buy SGC too.
great video guys! Great info, i always look forward to both of your perspectives!
Thanks Omar - I just listened to your take on this as well. Lots of interesting perspectives on what the future holds.
I’m hoping this continues only to improve SGC’s turnaround times, customer service, and grading quality with its increased access to financial resources.
We agree!
pipe dreams.....you ppl live in an alternate reality...
Woke up with offere on EVERY single sgc slab i had listed. The sharks are smelling psa crossovers and yet i declined every offer because i am too...im buying
Exactly what we expected. The demand for SGC has grown tremendously in a single day.
I think it’s to secure the market that PSA already has a commanding share. SGC was ranked 2. SGC my guess will help PSA grade cards when PSA are an over capacity. SGC offers fast turnaround times may slap PSA label when PSA requests their help.
Thanks for watching & sharing your thoughts!!
One could hope. PSA taking 45 business days is ridiculous.
GBC is literally the best for those wondering. One time submitter here (only once cuz I’m a poor recent college grad 🤣) and couldn’t be happier
Thanks so much. We appreciate you using our services!
except they hold no value but ya they are great..........
What's this mean for you? It means higher prices to have cards graded. The top 2 now have, what, 90% or more of the market so they can set the price. They're certainly not going to compete with themselves. It's always been this way for any business...less competition equals higher prices.
Thanks for your input and we appreciate you watching! Come back for more!
SGC graded 11 cards and mailed them all back while my PSA order is just sitting in grading limbo with a whopping 3 cards.
Yes, SGC has had incredible turnaround times lately while we are seeing PSA take 2-3 months on bulk orders.
Sgc wont be the last grading company to sell to PSA
Who else are you thinking?
My suspicion is that Fanatics is trying to move into the card grading business and PSA wanted to snip that before it became a problem
We’ve heard that one many many times in the last 24 hours….nothing to confirm though.
They are now the same company, differ in name only. Prices will go up and horrible no-service from PSA will continue or get worse. Value of SGC will go down because they will eventualy be phased out. Nat Turner is the same guy who says their grading has not changed.
Thanks for watching & sharing your opinion. We disagree, we think this will be a positive move for both companies, at least we certainly hope so.
Universal registry will massively improve SGC value
Nothing
Ya the best company on the planet sgc will now go to shit cgc here I come
Thanks for watching and for your input!