The last few years in the sports card market have been to say at the very least- a bit crazy. Sports card grading has exploded, driven by a surge in values for both vintage and modern cards.
This surge can largely be explained by increased speculation and greed, fueled by the advent of card breaks, flippers, investors, and the like.
A global pandemic seemed to stoke the fire even further as bored, work from home collectors sought refuge in the hobby. Stimulus checks seemed to keep it all afloat, although as the economy has started to reopen, there do appear to be some kinks in the armor.
Through it all, the card grading companies have been beyond overwhelmed—PSA in an April letter to its followers, said that it had received more submissions in three days than it had in the previous three months. Even SGC had said that over the course of a 24 hour span, the number of cards submitted to SGC for grading increased by over 500%.
The deluge of grading requests forced PSA to halt all submissions below its Super Express ($300) grading level effectively putting a pause button on things to help its graders get caught up. Along the way, PSA also hiked prices for all of its grading services, thus, once operations resume (expected in July) it will cost collectors $50 to grade a card (unless it is submitted in a bulk value or grading special submission).Read More...