PSA cover for 90 days-their effect on the industry of sports cards
On March 30, 2021 PSA (Authenticator professional) announced that they have temporarily suspended all service grading them under the Super Express ($350 a card) at least 90 days with the hope of re-opening all service about July 1, 2021. PSA receive more cards in 3 days than they did in the previous 3 months, which leads to a backlog and finally the difficult decision to suspend new post for a few months.
OK, so let’s look at the impact this may have in the short term. The long term should be disregarded for the industry of sports cards as seen at this time because they intend to return to serve all levels of the PSA grading within 90 days.
1-people who I believe will rewind and record of the examination of each card and really enjoy the card to see what is better than just looking for a card graded because they will not check almost as many cards as they previously only because PSA delay the service.
2-with the SGC (Sportscard guarding Company) a minimum of $75/card and BGS (Grading Services) of at least $100/card to get the card that is stored in 1 month or less, we will most likely not see an increase in PSA still has the Super express open on the card is $100/their market value.
3 – suspension service PSA grading, providing an opportunity for companies such as HGA (image Hybrid) and CSG (certificate Sport sticking with the value-the value of a card with a low price of $500, because the service grading their simple.
So far I believe CSG has the best chance to achieve a good piece of the stock market for a card value of $500 or less from the PSA at least in the short term while the value of PSA suspended. How much CSG maintain in share market if the PSA returns the value of the service grading at the $25 is a variable that is not known.
4 – in the short term, the value of PSA 10 should be increased on all the cards but especially to improve on the card under the valued of $1k or less because You can’t class with each sports cards PSA on the value of it unless You want to untukze Super Express, but it will not make financial functioning at $350 per card.
I fully expect this will create more demand for the Cards in the short term. However, in the long run a lot of cards basic level which PSA 10 must return to the normal values once/if the PSA run the service in their value that is currently set at $25/card.
Cards of high value of staples in any market (baseball, football, basketball, etc.) should continue to rise even though there are fewer people available in the market which is the simple rule of supply and demand.