SGC says it’s current turnaround time is growing because of a constantly growing number of submissions, but remains at less than 17 business days.
The company continues to see unprecedented numbers of cards submitted to its Florida headquarters. So many are coming in that SGC has now increased the estimated turnaround time listed on its website from 20-25 days to 45-50 days for standard $30 submissions. However, customers will most likely not have to wait nearly that long.
Steinberg says he can “pretty much forecast based on the growing level of support that we will eventually be at 20 business days and it may be sooner rather than later.”
In other words, expect to wait a few more days to get your cards back now, but not many.
“We like to underpromise and overdeliver, unlike kind of the way things have been handled in this industry in the years prior,” Steinberg said.
PSA says it’s still devoting more than 90% of its daily capacity for grading and authentication to the ongoing backlog.
In a message to customers Thursday, company president Steve Sloan stated PSA graders are now examining an average of 35,000 cards per day thanks to additional employees, more space and better technology.
While the company remains shut down for all but its highest levels of service, it did drop the price of its Express level option from $200 to $150. That price also goes for orders that have been submitted but not completed.
Sloan says PSA is hoping to open up its Regular service level sometime in the fourth quarter, but that the move is “contingent upon our continuing ability to expand capacity and integrate improved technology into our process.”
According to GemRate.com, PSA has graded over 254,000 basketball cards in the last 30 days. Baseball is a distant second with 159,003, followed by TCG (149,586), football (84,287) and soccer (45,078).
Crazy stat from Card Ladder… If you had invested $125,000 into the 234 Tom Brady cards in their price tracking database one year ago, they’d be worth $1 million today.
Brady’s market, as measured by the total market index for his cards, is up 700% over the last 12 months, growth that’s been “virtually uninterrupted,” according to their sales data.
Jeff Meyrose of J&J All-Star Sportscards, who has promoted shows in Indianapolis since the 1990s, has launched a new monthly show in Louisville beginning later this month.
With a capacity of 125 tables, the show will launch Saturday, September 25 at Our Mother of Sorrows Lyons Hall from 9 AM to 2 PM. That’s a week after the regular 60-table Indy show at the American Legion hall in Fishers, IN which runs from 8 AM to 2 PM.
While there’s a lengthy dealer waiting list for the Indy shows, as of now tables are available for the new Louisville events.
More info is available here.
Here’s the original press release from when Fleer announced its deal with the NBA to bring basketball cards back to pack form.
This was part of a lot of early Fleer basketball pieces sold via Goldin Auctions back in July, one that kind of slipped under the radar. The price of a case of 12 boxes was $108—nine bucks per box. Those boxes, which typically have 3-4 Michael Jordan rookie cards in them, now bring six-figure prices.
It’s interesting to note that Fleer basketball was released in late September, a month before the start of the NBA’s regular season.