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Monthly Archives: March 2021

PSA To Suspend Value, Economy, Regular and Express Grading

psa-logoIn what can only be described as inevitable, PSA just announced that it was suspending all Value, Economy, Regular and Express grading service levels.  In a letter to collectors, PSA President Steve Sloan outlines the massive influx of grading requests and the move to ultimately slow down submissions. 

Sloan reiterates in his letter that PSA continues to get flooded with grading requests and has received more cards in three days than they did during the previous three months.  The letter clearly states that PSA needs to catch up.  And in order to do so, they are halting any Value, Regular and Express grading submissions.

So what does this mean for collectors?  Well, it means that it will basically be impossible to get your cards graded at PSA, unless you want to pony up the $300 for the ‘Super Express’ grading level.  And for most collectors that isn’t an option, unless you are dealing with a card worth in the multiple thousands of dollars.

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How To Spot A Fake 1985 Prism Jewel Michael Jordan Sticker

real-prism-jordanI’ll be honest, I wasn’t even aware of this card a year ago, but I wish I was, as the 1985 Prism Jewel Michael Jordan Sticker has skyrocketed in value.  

Recent sales of PSA 8 graded copies of the card have reached nearly $50,000.  

The cards were inserted into vending machines, likely mostly outside of your local grocery store.   And given that they are stickers, most kids that plopped the quarters into the machine to grab these were peeling them off to use them how a kid might actually use a sticker.  

Hence, they are super rare to find intact and in good condition.  PSA has graded only 87 copies of the card, with only 8 reaching a PSA 9 and only 1 garnering a PSA 10 Gem Mint. 

I started to become more curious about the card when I started to get inquires from people that had one (or two) that they were trying to sell.  Knowing how rare these are, to receive multiple inquiries on this issue, just seemed sort of strange to me.

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PSA & SGC Hike Grading Prices, Provide Updates On Wait Times

psa-logoIn what was only inevitable, both SGC and PSA, two of the hobby’s largest third-party grading companies have hiked prices. 

The deluge of cards submitted to the grading companies has resulted in nearly unfathomable wait times and the grading companies are trying to put a halt to submissions….well, by raising prices.  

The story at PSA is two-fold.  First, if you hadn’t heard, the parent of PSA – Collector’s Universe was acquired by an investor group, which includes collector Nat Turner.  Turner has voiced his desire to improve upon the existing operational infrastructure at PSA and to provide much-needed investment to improve upon the existing processes.  

In a recent letter to customers from PSA President Steve Sloan, PSA provided a new pricing structure, hiking the ‘Regular’ service card submission from $50 to $100, while at the same time raising the declared value to $499 (from $199) on Collector’s Club ‘Value’ submissions.  They also hiked the ‘Value’ rate to a minimum of $20 per card.  

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