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.  

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.  

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.

My brother soon opened a baseball card store and I was quickly thrown into battle as a high schooler peddling cards and negotiating purchases. I lived through the peak of the ‘Junk Era’ in which cards were massively overproduced, yet at the time, I didn’t grasp the realities of what was happening with the values of cards.

I returned to the hobby several years after college and slowly started getting interested in cards again –which ultimately led to the launch of ‘All Vintage Cards’. 

I’ve discussed my thoughts about the current market exhibiting signs of being in bubble territory, but this time I wanted to examine the current market environment in relation to the last big card bubble from the 1990s.  

While I lived through it, I sort of always chalked up the bursting card bubble to overproduction but figured there had to be more to it. 

Thus, I went into the archives, did some more extensive research, and spoke to other people in the hobby. 

Thus, here are the results of my exploration into the sports card bubble from the 90s’.   

Note, if you lived through it and have a different perspective, or if you just want to leave your thoughts on my findings, please leave a comment!

Crypto currency / Blockchain concept with coin on the motherboard.

All Vintage Cards is excited to announce that vintage sports card collectors can now purchase cards via the All Vintage Cards sports card store using bitcoin.  

“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. 

I’m slightly late on this one, but another collector alerted me to this lawsuit regarding a Fake PSA 10 Michael Jordan rookie card.

Donald Spence, who is a heavyweight in collecting circles (just take a look at his PSA registry here) is the plaintiff in the suit. 

Back in May 2017, Spence purchased a purported PSA 10 graded Michael Jordan Fleer rookie card from Common Cents Coins in an eBay transaction worth $19,999.99.  

Sports card values have been on an unworldly increase of late. 

The rise has given credence to the belief that sports cards should be earmarked for collectors as a part of their overall investment portfolio.  

And I certainly have advocated that cards should be thought of as an entirely distinct asset class, separate from stocks, bonds, art, etc. 

Yet, the hysteria of late has me moderately concerned; I’m noticing signs that indicate we may be in the midst of another asset bubble in the sports card world.  

In this piece I discuss some of my concerns regarding card prices, some of the red flags that I’ve noticed and where we might go from here. 

As always if you have any thoughts on the current state of the hobby–please comment below or feel free to email me at chris@allvintagecards.com

Some recent vintage auction house finds have brought to market some of the rarest sports cards in the hobby.  

A current auction at Birmingham Auctioneers showcases some one of a kind vintage basketball cards, some among the rarest in the hobby.

Included in the auction is a George Mikan autographed 1948 Bowman rookie card, one of only six copies that have been graded by PSA. 

Mikan rookie cards along with other vintage basketball cards have been on a tear of late.  

Note that many of the cards featured in the auction were first referred to All Vintage Cards. 

If you have a collection and are looking for a free estimate, be sure to get in touch.  

Let’s take a closer look at some of the offerings:

Vintage basketball card prices have been on a roll of late, fueled by speculation and demand for some of the hobby’s most prized possessions from the past. 

The boom in values has been fairly widespread throughout most of the vintage sports card market, but the flame seems to have really been held to basketball card values.

Why the increase in basketball card prices?  It’s hard to pinpoint an exact reason, just like it’s hard to tell you why Pets.com was one of the most loved stocks at the height of the stock internet bubble in 1999.  

Momentum can be a funny thing.  Using stock prices as an example, once that excessive demand builds in something that everyone wants to own, the underlying valuation of the item at hand tends to get thrown right out the window. 

It’s a lot easier to put a value on a stock then it is a basketball card.  With a company, you can evaluate the profits relative to the company’s value and growth prospects to determine if a company’s stock is over or undervalued.

The widespread price increases throughout the hobby has led to a surge in demand for sports card grading.

This has led to significantly increased wait times across all of the third party grading companies. 

PSA, SGC and Beckett just can’t keep up.  With forced closures during the peak of COVID leading to a backlog, the excess demand in recent months has led to significant delays for all of the grading companies. 

Thus, if you have a card you want to get graded, you could be waiting upwards of six months to get your card back.

Now of course there are ways to spend a bit more and get your order expedited.  In this guide, we’ll examine the wait times for all of the grading companies and what it costs to get your cards graded today at each company. 

**(March 7th Update–See Our Latest Article On PSA and SGC Pricing Changes and Turnaround Time Updates)

Cobb W600 – Image courtesy REA

We speculated recently that the coronavirus pandemic that’s sweeping our nation might lead to a weakness in the vintage card market.  

With many service-based businesses completely shut down and unemployment filings rising by the day, it was of my opinion that the economic stress could lead to a dip in card prices.

However, for now, if we only look at the recent results at the REA Spring 2020 Auction, the vintage card market is showing minimal signs of weakness. 

Past recessions have shown that collectors do tend to hold onto their beloved cards until things have really come off the wheels.  So far, it looks like that could be the case again, although not much is certain in regards to this coronavirus.

In this piece, we examine some of the auction results and provide a look into the health of the vintage card market.