Raising Prices?

[dam60]

I got this message from CGC saying that they are raising prices?

 

MODERN: $19

 

ECONOMY: $29

 

STANDARD: $49

 

EXPRESS: $79

 

WALKTHRU: NO CHANGE

 

NEW HOLDER: $11

 

 

 

*ALL BOOKS MUST BE IN OUR BUILDING NO LATER THAN

FEB 3RD TO RECEIVE THE OLD PRICES.

NO EXCEPTIONS !

 

 

 

[g-man]

yeah someone posted that this a.m. Oh Lordy. roughly a 10% increase.

[ArAich]

Hopefully Monumental will offer a %30 discount on subs. to make up for the increase.....We can only hope...

[Crowzilla]

The only one that is "only" a 10% increase is on standards - everything else is around 20% - that's a pretty strong jump.

 

[g-man]

i bet they won't lose a step in terms of volume. For $19 u have a shot at a 9.9 modern book so it is better than the lottery.

[aardvark88]

Perhaps they are raising prices to offset the new capital expenditure to get more mag slabbing equipment?

[dam60]

sorry for hijacking yoru thread!

 

Didn't notice it when I posted this one . . .

[Bonds25]

Say what?? They'll lose a lot of volume! I just sent in a bunch of modern comics, and I wouldn't have for $19 a book. Sending in 30 books will cost an extra $150, and that's a good chunk of change.

 

I'll be pulling my other books out and sending them in before Feb. 2, and that will probably be my last submission for a long time. Another 20% increase is pretty hefty, especially considering the crappy economy.

[Illiterati-migration]

For $19 u have a shot at a 9.9 modern book so it is better than the lottery.

 

Yeah, and with the sliding (sometimes relative) grading policy, it's almost the same as playing the lottery!

[greggy]

Yeah, I guess your chance of getting another LSH 300 CGC 9.9 has diminished!

[g-man]

i know what u are saying but i think it might take a small dip but come back. ther eis nowhere else to go presently and with discounts via dealers, peep with $ (not me) will still submit IMO.

[Illiterati-migration]

Yeah, I guess your chance of getting another LSH 300 CGC 9.9 has diminished!

 

I know....... it's sad. But, I'll get over it. I got a BEAUTIFUL raw copy the other day. It will have to suffice for now.

[Bronty]

I disagree gman. There are a lot of books that were "almost but not quite" worth getting graded at the old prices - the new prices will only raise the bar on the quality of book required. At $19 a modern I will send in very few moderns.

[Bonds25]

Exactly. I was willing to send in a $5 or $10 comic in hopes it would grade a 9.6, but it's not worth the risk at $20 to grade it.

[murph0]

I'm done submitting my personal collection. I'll have to settle with just having my own opinion on the grade.

 

Brian

[Hensley300]

Ill still submit books, just a lot less frequently. Though I usually only submit twice a year. (I let my gradable books stack up then send in around 20 at a time). Now Ill have to cut that in half and send in less books. Im just really surprised at the price increase this much. Im sure cgc debated this for awhile? They have to be aware of the negative consequences regarding a possible slow down in submissions. Perhaps the economy caught up with them.

[The_Man_Of_Steel]

"Bye, Bye, Bye, Miss American Pie, Drove my Chevy to the levey, but the levey was dry, and them good ol' boys were drinking wiskey and rye, singing this'll be the day that I die."

 

Can we talk about a CGC Market Crash yet?

 

Anybody know if this happened in the Coin or Card grading market, and what the effects were?

 

I seriously doubt if price hikes are going to help bring out more Hulk 181's out of peoples collections. It's a sad, sad, sad day in comic collecting land. Up to this point I hadn't submitted one book to CGC although I had given thought to submitting a few books, now it's not even a thought. This also means MORE people will NEED to charge more for their CGC graded books. Looks like my buying into the CGC graded book market may be short lived. Yep, even though I hadn't submitted a book, I have purchased a couple of CGC graded books, which encourages other people to continue submitting. What if there are very FEW buyers for CGC books, then will people stop submitting as well? It takes 2 ta tango!

[Darthdiesel]

MOS - I've noticed with selling Modern CGC books, I could get away back in early 2002 with starting the listing @ $9.99 and letting it go and feel happy where it ended. Now unless it is a surefire hi grade key in demand, I would not start anything else at lower than 19.99. If it doesn't sell that weekend, I 'll relist for 2 more weeks and then consider shelving the book or relisting at 14.99 the following week.

 

With the new Modern tier grading hike, I think $24.99 maybe my new minimum to start prices at. Whaddya think?

[The_Man_Of_Steel]

I think it MUST be profitable for sellers or it's NOT worth selling them!

[Lockjaw]

Actually, given that moderns are going up by 4.00, and were 15.00...the increase is actually steeper than most people think...at least a 25 percent increase for modern submissions, OUCH .