PSA Declared value is going away, or is it?

[@Hectekk]

I routinely send $75-100 cards. Why would I want $499 insurance on each card and increase my shipping? Lame.

[@jiminfla5951]

Already in action. Did a submission this morning. 55 card order, $75 return shipping

[@warhammerfaction]

I thought return shipping is included in the price of grading. I get you have to pay to ship to them

[@zandgemporium]

@@warhammerfactionoh sweet summer child

[@gstwarriors5]

This is COMPLETELY and 100% just to squeeze more margin out of return shipping costs. This is terrible for loyal repeat customers of PSA who use them often. I absolutely HATE this!

[@johnphipps3287]

I'd like to grade my cards but this process is just too risky and complicated and expensive for me.

[@dklauf]

It's not risky at all. It's 2024. They can all be tracked all the time.

[@johnphipps3287]

@@dklauf It's not the shipping it's the stories about fraud and mistakes and damaged products etc.

[@dklauf]

@@johnphipps3287 It is more disappointing than it is risky! They're the only game in town for monetizing cards.

[@DanWalls-q4f]

Amen

[@airchewy-cards]

Shipping is the exact thing that I first thought when I heard this

[@hustlecrowe9440]

This is absolutely insane, and its a complete scam. PSA is making their customer pay to insure each card at $500, but PSA is paying to insure at the actual price of the card. The difference goes in their pocket. Because there is NO WAY if cards are damaged/lost/stolen that PSA is paying $500 per card, they are paying what they determine the value to be.

[@Showcardsusa]

This is exactly what’s up

[@UWSaleen557]

These changes would be fine if they would just have some level of consistency in their grading. One order to the next can be wildly different and that is probably the most frustrating thing with PSA at this point in time... I get shipping insurance is expensive and I roll that in so it it $1-$2 more per card. This only really hurts when the Grader of Death gets your order and rips apart your carefully inspected order by dropping 8's and 9's all over what would be mostly 10's in another order. I guess this is the gamble we have with grading at PSA now... I also think this is a push to get folks to go directly to selling on eBay so people will "save" on shipping.

[@SwingBataBata]

There only really can be 1 LEADER on grading and standards in this industry. A bit like that subscription that a whole bunch of us paid for(Beckett)(had to do that for the others). There should be a standard and that is the set going price/rate, if someone chooses to gamble and start that auction at .99 that is a individuals priority and choice to either have it sell for less or more than market value. This hobby is also built on a whole bunch of emotions, so who knows what or why that last sale went for what it did. I think there needs to be more of understanding of cost and need and want. Someone may have been on there last leg and bought a box from Wal-Mart and pulled a great card listed wrong on ebay and it sold for 10% of what is should of, then BRAD says well the last comp is......... and yeah!!!!

[@monumentray]

Every card will now be at max value for the tier. Insurance rates will be computed at the max. Just saw a FB post claiming return shipping with the new insurance rate was $70, 3.5x former submissions.

[@jimbobrobertson3285]

PSA already has idea of values of graded cards. They can auto calculate a fair market value, which I hope they eventually will, and base insurance on that. That’s what they should do, rather or not they do, we’ll see.

[@maxwellstainback4421]

​@@jimbobrobertson3285how they going to do that for low pop cards? And how are they going to pre determine the grade, because that is a major factor in the value for insurance on the return shipping.

[@JosephG0429]

I wonder what happens to the PSA specials with regards to shipping? Usually the declared value is no more than $200-$300 I believe.

[@woodman97]

Completed a 32-card vintage special yesterday, vaulting them all and shipping was $50. That compares very favorably to other comparable-sized subs I’ve done where my highest declared value was $175. So thinking they’re making some behind-the-scenes adjustments to keep shipping “fee neutral”

[@maxwellstainback4421]

Shipping for express service went from 19.99 to 34.99 as of yesterday.

[@SwingBataBata]

Shipping from buying a card on PSA ebay vault increased to 5.99 as well.

[@kenrogers1948]

Return shipping was my least favorite 'feature' of the PSA 'experience' from the get go... Declared value being welded to shipping costs is fine if it's based on the results of grading, not on a submitters hope that he/she is going to get high grades when submitting... That's pretty clear exploitation... And why all the caveats about 'if you don't like it, don't use the service'... we all know that we are to some extent captive to PSA because of the ROI canyon between them and any other grading company...

[@GFTCNJ]

All of this exactly

[@leosolis510]

I always put the max value on every submission for every card. If DV is 500 but card is 250, I'm fine getting 250. But I'm making sure I'm getting max no matter what

[@paulwilson7753]

I wonder if they may keep the inflated shipping costs in order to persuade more people to use their direct to eBay option more than the would have otherwise.

[@brute_nm]

Return insurance could make or break the entire submission, eating into flipping margins

[@htsports3232]

Return shipping from PSA is stupid high. Going back to group submitters

[@austinbrown5731]

They must lower their USPS return shipping fees then!. Scam by PSA and no actual benefit with this change. smoke screen to make more money on back end UNLESS they modify return shipping costs.

[@Bazookatom]

I love this change. I assume they will adjust the shipping because that would be a big deterrent.

[@JonMayer-vx9np]

I really don't think every card will now just be at "max' value, that would be ridiculous. I'm sure PSA is integrated with cost data to know what each card should sell at when you first enter it on your submission form. Why assume that an Elly Bowman 1st would be $500 when there's tons of evidence it would be closer to $75? That just makes more sense. Too much data out there to not integrate it into PSA's system.

[@bigrayrips4725]

I like this. When I submit. I put max value for insurance purposes. If it gets lost or damaged in shipping or possession than I get to negotiate the real value. Plus don't forget. If you are a psa member you get reduced shipping through fed ex.

[@jonathonsantamont8527]

They are going to be making more on shipping with this scheme…. 100%

[@moregunzthanroses281]

So I’m paying $500 insurance for a $175 card ?

[@hustlecrowe9440]

yes, but if the card is damaged/lost/stolen, you only get the $175, not $500

[@miguelavila8961]

It’s just verbiage! Just declare your cards correctly…. It’s easy, cmon man!

[@JPKJPK19]

we are making fed ex richer...

[@genesmith3582]

Insanely petty just so they can squeeze a bit more out of the shipping charge margin. Like, super pathetic.

[@moregunzthanroses281]

You guys are still grading cards 3-4 years after Covid bubble smh. Throw it in a one touch and enjoy, it’s the same card.