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PSA was launched in July 1991 by David Hall, owner of the coin grading company Professional Coin Grading Service (PCGS), to serve collectors as a third-party card grader. [1] At the outset, the business faced difficulties owing to a limited demand from collectors who sought card grading services. [ 2 ]
Collectors Universe Inc. is an American company formed in 1986, now based in Santa Ana, California, which provides third-party authentication and grading services to collectors, retail buyers and sellers of collectibles. Its authentication services focus on coins, trading cards, sports memorabilia, and autographs.
Cards are evaluated by third-party services, most often Professional Sports Authenticator (PSA), Beckett Grading Services (BGS) and Sportscard Guaranty (SGC), and given a grade on a ten-point scale based on condition. [5] The images below do not necessarily represent the individual specimen sold but are representative of the given cards.
The four lowest grading levels PSA shut down — at costs of $20, $50, $100 and $150 per card, which vary depending on the value and turnaround time — are already pricey for casual collectors ...
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The Professional Sports Authenticator (PSA) company graded this card a PSA 8 Near Mint-Mint (NM-MT) on their 10-point scale, [31] [32] the highest grade given to a T206 Honus Wagner card. Bill Hughes [33] was the official grader of the card, working for PSA at the time. Hughes admitted to knowing that the card had been altered when he graded it.
According to Professional Sports Authenticator (PSA), the Ken Griffey Jr. card would become the most graded card of all time with the company; PSA graded over 50,000 of the cards. The Beckett Grading card service has evaluated over 25,000 of the Ken Griffey Jr. rookie cards. [28]
A card in pristine condition, for example, will generally be valued higher than a card in poor condition. Major card grading companies which provide these ratings on a scale of 1-10 include PSA, Beckett, and SGC. They provide individual grades for the centering, corners, edges, and surface of the card to eventually combine for one final grade.