PSA Acquires SGC!! What Does It Mean For Collectors?!

Late last night Darren Rovell reported that Collectors, the parent company of PSA, has acquired SGC. What does this news mean for collectors?

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[rjcollectssets]

I think this is a terrible thing for the hobby. Without companies like SG C, and CGS to compete with them, PSA has no incentive to get better and stay better.

[RJM]

Total shit move. This sucks for collectors.

[johnsmanycollections]

Less competitors is never a good thing for consumers. This story is going to be big. Smart to get this video out early.

[dom]

I don’t think PSA is a good company, so I hope SGC is able to truly operate separately. I just want to pay $15 per card and get them back in a reasonable amount of time. If PSA truly cannibalizes SGC, we get PSA’s shitty turnaround times, prices, and upcharges.

[stuke]

First impression was Oh Shit. My experience in the corporate world is the sacrifice of customer service, for increase in bottom line when purchases like this happen. I authenticate with both companies, but lean towards SGC for customer service, price and turnaround time. My concern is change of all 3.

[ryanfitzgerald]

Welp, I've got no where that I'd ever want to send cards to be graded to now. I miss the America where anti-trust lawsuits were a thing in any industry, those days are LONG GONE everywhere you look.

[captun]

Less competition means higher grading fees. I am definitely in the SGC camp. My only theory is that SGC becomes the vintage arm of the company and PSA sticks to modern and TCG.
Vintage gets mailed to Fla. and everything else gets mailed to California. Probably makes no sense, but this whole thing is a shocker.

[blueodum]

PSA will destroy SGC in the end, one way or the other. Either by phasing them out, or by over time degrading the quality of service to match PSA.

[sweet_as_honey]

So, SGC just rectified a huge mistake on their end and they did my $215 submission for FREE!! PSA had a mistake on one of my subs and they made me pay to ship it to them, ugh. This could go either way...

[chrisc]

I warned about this happening 2 years ago and people laughed. Absolute power corrupts indeed. I don't grade anymore and this even further cements my decision not to do so. Name me one monopoly that's ever done anything good for it's customers? I'll wait

[joemcglone]

Personally, I think people are overthinking this. It's common for corporations to have multiple holdings within the same industry. Pizza Hut, Taco Bell, and KFC are owned by the same company and all three compete for your 'eating out' dollars. Clearly CU views psa and sgc as having distinct enough brands that they are comfortable owning both w/o fear of overlap. I would expect the two to operate relatively independent of each other for at least the near future

[adambye]

Not good for the hobby. SGC’s pricing and turn around time was really keeping PSA on their toes. I think PSA will still have to keep prices on the low end to keep cards coming in and keep their graders busy but that can change in the future.

[buddydee]

PSA will incorporate their grading standards onto SGC. I see no way around this. PSA could be looking for a southern hub?

[toddbartels]

It means that SGC will become as inconsistent as PSA! PSA was worried about how much of the market SGC was taking from them. Now I won't use any of the

[Junkedupsports]

Scary news. I love the tux, even for some modern stuff. There are some potential positives, an SGC set registry would be cool. I think one of the best case scenarios would be for the SGC slab and grading to stay and be PSA's vintage product.
However, buying your best competition doesn't usually lead to the best outcome for consumers

[justindavis]

My focus is Vintage & PreWar. My first impression hearing this news - is that this has an opportunity to be really terrible for the hobby. I have a very negative impression of PSA (costs, turnaround times, service, mistake/errors), and I have only subbed thru SGC. Definitely more questions than answers right now. Thanks for sharing this news and your thoughts with the community. Sounds like very bad news, but I hope I'm wrong. -STORM

[kennykastner]

I worked for a large corporation that grew and improved by acquiring smaller companies that specialized in products and operations we didn’t already have or do well. We benefited from their intelligence and they benefited from our resources. PSA has a great opportunity if they play this the right way

[craigallmendinger]

Wow, thanks for the video. I am in firm agreement with you that this is bad for the hobby. I’m an older collector, who got back into the hobby just pre-pandemic and have become fairly immersed in learning my stuff so to speak. I can’t blame the owner of SGC for cashing in while the iron is hot but I don’t see any upside for the consumer. It seemed like SGC was creating a nice alternative to PSA but this deal will squash that

[davelachey]

This can only be bad in the long run. PSA’s strategies and tactics will gradually dictate the SGC practices and customer service orientation that most of us favor. I’m not worried as much about the slab design but I can see that changing too.

[vendora]

it means less choice it means the monopolization of the card collecting hobby is underway it means that customers will get even more fd with a space that has no regulation/oversight on how companies behave