May 28 · 31 minPSA Shuts Down… 10 Million Card Backlog. Now What?
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A massive 10-million-card backlog has forced PSA to officially shut down all value-level submission tiers, effective immediately. Today on Cards on the Table, T-Pot, Scotty B, and Carter break down the shocking news and analyze exactly what this means for the hobby. With regular service ($79.99) now the cheapest available option, we discuss the ripple effect this will have on box prices, modern "rip and flip" strategies, and the vintage card market.
Plus, we cover the rest of the week's biggest hobby news, including the record-breaking $5.11 million private sale of the Victor Wembanyama Prizm Black 1/1 (the "Black Curtain"), and the ongoing packaging issues with eBay's Authenticity Guarantee program.
In this episode, we discuss:
The PSA Shutdown: Analyzing the 10-million-card backlog driven by the explosive growth of TCGs (Pokémon and One Piece). We discuss whether PSA's massive expansion will actually solve the issue, how this completely neutralizes the value of the Collectors Club membership, and if alternative grading companies like Beckett, SGC, and CGC can handle the overflow.
SGC's Dwindling Market Share: Why SGC’s volume is down 70% year-over-year, and what Collectors' acquisition means for the future of the "Tuxedo" slab and the vintage market.
Wemby’s $5.1 Million Record: The 2023 Panini Prizm Victor Wembanyama Black 1/1 just sold privately for $5.11 million. We compare this massive sale to the Aaron Judge Superfractor Auto, debate if the NBA market is overhyped compared to baseball, and touch on the controversy surrounding the use of Kurt's Card Care prior to the card's grading.
eBay Authenticity Flaws: Why are high-end raw cards arriving from the eBay Authenticity Guarantee program sliding out of their semi-rigid holders? We debate simple fixes and why the program is still a massive net positive for the hobby despite packaging flaws.
How do you think PSA's shutdown of value submissions will impact the sports card market over the next 12 months? Let us know in the comments below!
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