The grading and authentication business continues to boom. PSA and PSA/DNA say they shipped over 620,000 collectibles in the third quarter of the 2019 fiscal year. “The PSA and PSA/DNA business set another all-time revenue quarterly record for the division and eclipsed last year’s Q3 revenue by roughly $1.3 million, a 24% increase year-over-year,” Joe Orlando, … [Read more...]
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Grading Companies Give Much Needed Boost to Junk Wax Era
Broadly defined as baseball cards produced from the late 1980s through the early 1990s, the "Junk Wax Era" is often cited as a primary reason for the crash of the industry felt in the late 1990s. The gist is that cards produced during that time were usually printed in far greater quantities than many collectors believed. As a result, supply became much greater than demand. That … [Read more...]
PSA Making Changes Aimed at Improving Submission, Communication Processes
PSA will announce several changes to its submission processing platform on Tuesday and provide customers with an update on efforts to combat slower than normal turnaround times. Company president Steve Sloan says some of those changes will include: A "Turnaround Times" feature on the PSA website that will update current turnaround times each Monday "using actual order … [Read more...]
Great American Collectibles Show Launches Jimmy Fund Fundraiser
The Great American Collectibles Show featuring Red Sox Hall of Famer, Rico Petrocelli, and hobby author/ radio host Tom Zappala, is launching a fundraiser in support of The Jimmy Fund/ Dana Farber Cancer Institute in Boston. The show has partnered with The National Sports Collectors Convention, PSA and eBay for Charity to raise money for the organization. … [Read more...]
PSA Announces New Pricing Structure
Still deluged by submissions, PSA is changing its pricing structure for several service levels beginning January 1. While collectors and dealers who submit orders of 50 or more cards for grading and encapsulation and those who use the company’s regular 15-day service won’t see any changes, those who want faster turnaround times will notice some significant price … [Read more...]
PSA Continues Record Growth
The grading of trading cards and autographs continues to be a booming business for PSA and PSA/DNA. PSA’s parent company, Collectors Universe, has released its financial report for the fourth quarter and fiscal year 2018. Service revenues for cards and autographs both set new records with an increase of $900,000 in revenue in the fourth quarter and $3.1 million in … [Read more...]
PSA Set Revenue Record at NSCC
It was a busy National Sports Collectors Convention for PSA and PSA/DNA. The company processed more than 17,000 units during the course of this year’s National in Cleveland, starting on Wednesday evening and stretching through Sunday. That included cards, autographs and even some reholdering of original photos submitted by thousands of collectors, … [Read more...]
Notes: LeBron Playoff Jersey Hits $39K; Triple-Signed NOW Card Gone in a Flash; PSA Milestone; 1968 Tigers Collector
It’s not the last Cavs jersey he will ever wear—but might be one of the last. LeBron James’ jersey from Cleveland’s loss in Game 5 of the Eastern Conference Finals sold for $39,575 Thursday night. Eighty-three bids were entered in the auction, which began July 3. James recorded a double-double in the May 23 loss at TD Garden. While not exactly … [Read more...]
Steve Sloan Named New President of PSA
There’s a new title on the door of PSA executive Steve Sloan. After serving as the company’s vice president over the past year, he’s been named the president of PSA and PSA/DNA. Sloan assumes responsibilities from Joe Orlando, who has served as PSA President since 2002 and as CEO of Collectors Universe since October of 2017. Orlando will continue in his CEO role, but … [Read more...]
PSA Launches New, Search-Based Population Report
PSA has launched what it calls “a quicker, search-based” version of its Population Report. Instead of a multi-layered, drill down search that navigates through multiple web pages, including pages for category, year, set, player and card number, users can now simply type in the set year, name and subject (“1960 Topps Carl Yastrzemski”) from a search box. Collectors will … [Read more...]
