That's a good sign that card grading is holding up. And maybe it's all relative and if a $100 card sells for $90 now, then if a dealer can purchase it for $10 less than he used to, he can get it graded and make the same profit. I have 100's of cards that might be worth grading before selling, but I'm at a loss as to whether it's worth sending them in. There is a worry among some card dealers, that the more cards that get graded, the less the graded cards are worth, so that might also be a factor in prices dropping on some cards. Either way, I hold CLCT for it's dividend and continued growth. Although if coin grading is down a bit then I'd be concerned as to why it's down.
Sorry dbtunr, but you continue to prove you know almost nothing about cards. And seeing that cards is roughly 25% of CLCT's business, you really should educate yourself on cards instead of being critical of the original poster on this thread.
To talk about auction houses as if they have any impact on cards is a joke. Sotheby's has a handful of card auctions each year and Heritage currently has about 1,500 card auctions. This compares to ebay where there's more than 5,000,000 cards for sale. Ebay dominates the card market and card prices are basically determined by ebay completed sales. The original poster on this thread is exactly right that sales of many cards have been flat or come down a bit, especially the common older cards which used to get sent a lot, but now make no sense to pay for grading. The original poster here is exactly that some collectors and dealers might twice before paying for grading. Many hall of famers have dropped in price the past few years, which is definitely a concern.
If the card numbers have held up or improved, then for now most dealers and collectors aren't too concerned yet. You would know the numbers of cards graded. I'm curious if card grading is up or down.
Ebay and PPal fees can be 10% or more. So if they get slightly less on their website, they still get more. I didn't say they get more on their site, btw.
Cards are 22% of revenue.
I would have to disagree with you dbtunr and I also have to say that your tone is very poor when you disagree with someone, which chases people away and takes away from the board. You might know coins very well and might even be an expert with coins, but you've shown many times that you know very little about cards. So you shouldn't be so quick to disagree with someone when they post an opinion on cards.
The price of many PSA graded cards has come down the past few years; even the price of NM hall of famers. And the sellers who have their own websites do not get more for their cards than they get on ebay. In fact most of them have a slightly lower price on the same cards if you buy from their website instead of ebay. So I believe the original poster makes a good point that if prices stay flat or continue to drop a bit on PSA graded hall of famers, that many collectors and dealers might start shying away from getting them graded.
The company is doing well and continues with the excellent dividend. Possibly this stock holds up better than most if the market has a downturn. So I think this remains a good one to hold
do you not have a conscience? How can you put up such egregiously wrong info? I'm looking at their stats page and things are slowing down, running 30K below last year. Where are you getting this info from?
That is true, and what our family did when the occasion presented itself. Ebay simply takes too big a cut. When reading mph's original post, my first thought was that the Ebay sellers were simply asking more for their product than the market would or could bear. Didn't seem to have anything with the fact the coins or cards were graded by PSA or PCGS
Wish your boring and uneducated posts would slow down Dilbert.
Your precious stock is taking another pounding...you can relate to that, right?