PSA announced Tuesday that its backlog now stands at about 3.6 million cards. The company says the majority of cards have actually been through the grading process but are waiting to be packaged and shipped. PSA has been sending about 200,000 cards per week back to customers. Expectations are that the backlog, which once stood at over 12 million cards, will be … [Read more...] about PSA Opens Unlimited Economy Submissions; Updates Backlog
psa backlog
Notes: Ohio Shop Burglar Thwarted; TN Man Charged with Mail Theft, More
Three hobby shops in the Youngstown, OH area have been hit by burglars over the last couple of months. Early Monday, another one was targeted, but this time the thief was scared off. Surveillance video shows a person running up to the door about 3 AM and breaking the glass on two doors, triggering the store’s alarm. A 30-year-old Nashville man has been charged … [Read more...] about Notes: Ohio Shop Burglar Thwarted; TN Man Charged with Mail Theft, More
eBay Expands Authenticity Guarantee Service, Partners With PSA On High-End Graded Cards
Another layer of protection has been added for collectors who buy high-end, graded sports cards. Officials at eBay announced Monday that the third-party selling giant is expanding its Authenticity Guarantee for trading cards to include graded cards sold for $2,000 or more. This time, the company is partnering with PSA. When a graded card is sold for more than $2,000 in … [Read more...] about eBay Expands Authenticity Guarantee Service, Partners With PSA On High-End Graded Cards
Notes: PSA Backlog Update; Stolen Cards Returned 25 Years Later; Fanatics Auction
PSA has reduced the backlog of cards submitted for grading to under four million. A year ago, that number stood at over 12 million. Most of the cards still in its possession arrived a little more than a year ago, just after the company announced it would no longer accept submissions except for its highest tier services. At its current rate, PSA should be done with … [Read more...] about Notes: PSA Backlog Update; Stolen Cards Returned 25 Years Later; Fanatics Auction
Jordan, Tiger, Robert Among Top Subjects as PSA Grades 1 Million Cards in Single Month
PSA kept the postal service busy in March. For the first time in history, the company says it graded and shipped over one million trading cards in a single month as it continues to work through a submission backlog that measured around 13 million cards around this time last year. The total was up 25% from February when PSA reported grading and shipping 802,694 … [Read more...] about Jordan, Tiger, Robert Among Top Subjects as PSA Grades 1 Million Cards in Single Month
Report: Over 1.2 Million Cards Graded Last Month
Card grading activity was robust in March. A tally by Gem Rate indicates more than 1.2 million cards were graded and authenticated by the four major grading card companies last month alone. PSA entered about 987,000 cards into its population report over the 31-day period. That’s a new monthly output record for the company, which continues to work through … [Read more...] about Report: Over 1.2 Million Cards Graded Last Month
PSA Parent Company to Open Vault, Gets $100 Million Investment as 100+ Graders Tackle Card Backlog
PSA’s parent company is planning to offer a vault service for trading cards. Collectors, the newly rebranded, shortened moniker for what used to be Collectors Universe, announced Wednesday that it plans to create a secure 11,000-square-foot facility in Delaware that will allow customers to grade cards and have them immediately transferred to its vault. PWCC, … [Read more...] about PSA Parent Company to Open Vault, Gets $100 Million Investment as 100+ Graders Tackle Card Backlog
PSA Set to Expand with Signing of Lease for New East Coast Facility
When Nat Turner stepped into his new role as CEO of PSA’s parent company, he indicated a strong desire to increase the company’s physical presence beyond Southern California and another, smaller office in New Jersey. The first step in that process is now underway. Collectors Holdings and Veris Residential, Inc. owner of an office complex in Jersey City, NJ have signed … [Read more...] about PSA Set to Expand with Signing of Lease for New East Coast Facility
Group Submitter Marx Cards Files for Bankruptcy
A Southern California-based business entrusted with submitting cards for grading on behalf of customers has filed for bankruptcy. In its Chapter 7 filing this week, Marx Cards, owned by Michael Minjares, listed assets of $89,981 and liabilities of over $1.36 million. The list of creditors includes hundreds of people across the country who submitted cards to Marx for … [Read more...] about Group Submitter Marx Cards Files for Bankruptcy
Notes: Mahomes+Burrow=$1.1 Million; PSA Backlog; Hoops Premium Sets; Dominguez Buyer; More
Goldin Auctions closed out its three day "Elite" auction with the sale of a 2017 Patrick Mahomes Prizm Gold Vinyl rookie card for $570,000. Numbered 4/5, the card was graded PSA 10. That came a day after the 2020 National Treasures Joe Burrow NFL Shield 1/1 sold for $534,000. The auction's first session closed Saturday night with three lots netting seven figure … [Read more...] about Notes: Mahomes+Burrow=$1.1 Million; PSA Backlog; Hoops Premium Sets; Dominguez Buyer; More