PSA turned off for 90 days – Impact on the sports card industry

On March 30, 2021, PSA (Professional Sports Authenticator) announced that it was temporarily suspending all of its Super Express rating services ($ 350 per card) for at least 90 days in hopes of opening all services around July 1, 2021. PSA received more card in 3 days than they did in the previous 3 months, leading to a backlog and eventually a difficult decision to suspend new applications for several months.

Okay, let’s look at the impact this can have in the short term. In the long run, it should be negligible for the sports card industry, as it looks at the moment, as they intend to return to servicing all levels of PSA ratings within 90 days.

1 – People I believe will retire and record a review of each ticket and really enjoy asking for a card more, not just rating, as they will not be rating almost as many tickets as they used to be due to delaying PSA services. And.

2 – With SGC (Sportscard Guaranty Company) with a minimum of $ 75 per card and BGS (Beckett Grading Services) with a minimum of $ 100 per card to get a rating within a month or less, we probably won’t see much of a business increase because PSA and it still has a Super Express service open at a price of $ 350 per card and their brand commands so much greater value in the open market.

3 – Suspension of PSA appraisal services leaves an opportunity for companies such as HGA (hybrid appraisal) and CSG (certified sports guarantee) to reimburse land specifically on lower cards with values ​​of $ 500 or less because of their cheap appraisal services. For now, I believe CSG will have the best chance of grabbing, at least in the short term, a good share of the market share for value cards of $ 500 or less from PSA while PSA’s value service is suspended. How much CSG retains in market share if PSA returns the valuation service to $ 25 is an unknown variable.

4 – In the short term, PSA 10 values ​​should increase on all cards, but in particular should increase on lower cards worth $ 1,000 or less, simply because you cannot rate any PSA sports card at that value unless you wanted a Super Express service, but it wouldn’t make financial sense for the price of $ 350 per card. I totally expect this to create more demand for these cards in the short term. However, in the long run, many of the base cards that PSA 10 should have returned to normal values ​​once / if PSA continues to service the value currently set at $ 25 / card. Cards of higher value in each market (baseball, football, basketball, etc.) should continue to grow because there are fewer available on the market, which is a simple rule of supply and demand.