Will I Be Using PSA To Grade My Comics?

Summary

In this video, the speaker discusses PSA's launch of a comic book grading company, led by their father. They clarify they will submit comics to PSA if customers demand it, despite past issues with CGC. The speaker emphasizes the importance of grading companies maintaining high resale values and customer trust. They plan to test PSA's service and will continue using CGC unless PSA proves equally reliable and profitable.

Takeaways

• 📈 PSA is launching a comic book grading service, entering a market dominated by CGC.
• 👨‍💼 The speaker's father is the head grader at PSA, leading the comic book grading initiative.
• 🔄 PSA already dominates the card grading market with a 90% share, recently acquiring competitor SGC.
• 🤔 The speaker will submit comics to PSA if customers demand it, as they did with CBCS previously.
• 💰 The decision to use a grading service is based on customer demand and the resale value of graded comics.
• 📉 CGC graded comics sell for higher prices and faster than those graded by CBCS.
• 📚 The speaker's business focuses on higher-end comics, where the price difference is significant.
• 📝 PSA needs to ensure graded comics sell for similar prices to CGC to gain market share.
• 🤝 The speaker had consultations with PSA, advising them on the importance of secondary market pricing.
• 🚀 PSA's success in comic grading will depend on whether they can match CGC's pricing and sales speed.
• 🎁 The speaker is giving away a Spider-Man comic book and encourages viewers to participate on his website.

Q & A

What is PSA known for before entering the comic book grading market?

PSA is known for grading coins and cards, and they have been in the business since the 1990s. They dominate the card market with approximately 90% share.

What significant move did PSA make in the card grading market?

PSA bought out one of their competitors, SGC, which further solidified their dominance in the card grading market.

What is the role of the person being interviewed in PSA's comic book grading division?

The person being interviewed is the head of the grading department for PSA's comic book grading division. He is starting the division from scratch, writing manuals, and hiring staff.

What was the primary concern people had regarding the video creator submitting comics to PSA?

People were concerned about a potential conflict of interest since the video creator's father works for PSA.

Why did the video creator stop submitting to CBCS?

The video creator stopped submitting to CBCS after a dispute where CBCS held their books and wouldn't return them unless they agreed to resubmit a graded book for a potential downgrade.

What is the main factor influencing the video creator's choice of grading company?

The main factor is customer demand. The video creator will use the grading company that the customers prefer.

What was the outcome when the video creator used CBCS grading for their comics?

When using CBCS, the comics sold for about 15% less on average compared to the same grade from CGC.

Why did the video creator mention the importance of secondary market prices for PSA's success?

The video creator emphasized that PSA needs to ensure their graded comics sell for the same price as CGC graded comics on the secondary market to gain market share and be successful.

What was the video creator's experience with PGX grading?

The video creator had a negative experience with PGX, where the graded books sold for significantly less and took longer to sell compared to CGC graded books.

What is the video creator's plan regarding using PSA for grading comics?

The video creator plans to test PSA by submitting some comics and evaluating their service based on the prices they get, how quickly the comics sell, and customer preferences.

How does the video creator view the difference between grading companies in the card market compared to the comic book market?

In the card market, there are multiple grading companies and people don't seem to prefer one over the others as much as in the comic book market, where CGC is the dominant choice.