eBay today announced that it would be restricting PWCC from selling on its marketplace due to allegations of ‘shill bidding’.
For those not familiar with the term, shill bidding occurs when fake buyers submit bids on items in order to intentionally drive increased activity to a listing.
The full statement from eBay:
As one of the world’s largest marketplaces, eBay has policies in place to protect our buyers and sellers. eBay was founded on trust, and we work every day to ensure a fair and positive experience for the entire eBay community.
Recently, it was determined that individuals associated with a trading card seller, PWCC, have engaged in “shill bidding,” which is prohibited on eBay. As a result, eBay has restricted PWCC’s selling privileges and listings, effective today. eBay’s policies and standards were designed to ensure a trusted marketplace where our community can transact with confidence. If we determine that a buyer or seller is not acting in good faith, eBay takes this seriously and takes action. Our customer service team will work directly with anyone who has a question about a recent PWCC transaction.
eBay is the destination for buying and selling trading cards – built over 25 years with our passionate community of collectors and sellers, as partners, on that journey. Trust is the cornerstone of eBay, which is why we felt it was important to share this information with our community. We assure you that eBay will continue to take actions to deliver on our commitment.
While the bulk of my card collecting and writing on All Vintage Cards is focused on older cards, I admittedly have had the urge to buy some modern cards while shopping at Target or Walmart in the past.
However, when I went to Target recently to pick up some household items, I was disappointed to find the shelves that used to hold sports cards galore completely barren. So I set out to find the truth.
Can you still buy sports cards at Walmart or Target?
Unfortunately, it’s much harder today to find sports cards at Walmart or Target, as they both have suspended the selling of many sports and trading cards. They still sell some sports cards in-store and online, however, there is a huge variation in availability based on your specific location.
In January of last year, we launched an ‘All Vintage Cards Value portfolio that was well received. The portfolio was designed as a diversified portfolio of vintage cards for collectors and investors that we thought had good long-term potential. The collection of cards (listed below) has performed quite well.
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).
PSA has pretty much shut down grading unless you want to submit at the $300 level
In 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.
In 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.
I was only 9 years old when I started collecting back in 1985. I got a few packs of 1985 Topps and was hooked; as a kid that loved baseball, those little pieces of cardboard were everything to me.
I was obsessed right away and it consumed my entire being, ranging from riding my bike three miles to the nearest baseball card store and setting up tables in my basement for a ‘baseball card show’ amongst friends.
“This is a big step in the evolution of digital commerce and especially in the advent of what has become a growing market for cryptocurrencies. Our stance is that bitcoin is here to stay and that we would like to play our part in helping the digital ecosystem evolve into the world of online commerce. It’s only natural that card collectors have the ability to utilize their cryptocurrencies in purchasing sports cards” -says All Vintage Cards President, Evan Gibson.
The All Vintage Cards shop carries high quality vintage sports cards, and was recently launched in 2020, following on years of success in helping collector with a plethora of hobby resources, including numerous resource guides relating to spotting counterfeit cards, along with helping to identify good investments in the hobby.