(it charges to grade cards sent shockwaves through the sports card collecting community on Monday.
PSA raised its rates on Monday, making it significantly more costly to have sports and TCG cards evaluated through the company. (Image:
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Collectors Universe, the parent company of PSA, announced in that it would sell the company for $700 million to an investor group, which would make the company private november. That purchase, with the backlog that is significant of PSA has to grade as demand increased during the sports card boom, led many to speculate that a price increase was coming.
But few foresaw the size of that increase.
Big Bump for PSA Card Grading
The price for value grading increased from a starting price of $10 to $20. card that is modern2018 to provide) prices jumped from $15 to $25. To gain access to the worthiness degree, enthusiasts and investors must join the PSA collector’s club, using the buy-in level that is lowest going from $59 to $99 on Monday.
The regular grading rate increased from $50 per card to $100 per card, with other increases seen for higher tier levels of grading.
PSA raised prices for both sports cards and trading card games like Pokemon.
Most chatter towards the price increases on the internet skewed toward the that is negative[We’re]“I have actuallyn’t been some of those ‘bubble likely to burst’ dudes recently, but this appears like a checkpoint that is huge the road to that happening,” Facebook user Lea T. Lynch wrote in the group Buy, Sell, Trade & Breaks by TX Sports Cards. “
essentially paying half the value that is listed of card to own it graded.”
But other people noted advantages to the system that is new. The price increase will almost certainly help PSA reduce its backlog, and dissuade collectors from sending in lower-tiered cards that help clog the card grading pipeline up.
Many PSA clients submit cards of hot players, hoping to have highly graded cards came back in their mind quickly on the market on eBay, Facebook and other internet venues that are card-selling