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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]
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.
Cards are considered poor to pristine based on their condition, or in some cases rated 1 through 10. [35] 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.
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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.
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]
Forever stamps cost 41 cents when first introduced. Now stamps cost 73 cents. Forever stamps allow consumers to send mail with postage that is shipped even if prices change.
A T206 Wagner given a two on the PSA's 1–10 grading scale sold for $75,000 in September 2000. Five years later, in 2005, another PSA 2 card sold for $237,000. Included in the above auction, a PSA 1 card sold for $110,000. [90] In 2004, a PSA PR-FR-1 Wagner sold for $109,638. [91] Another PSA PR-FR-1 brought $132,000 one year later in 2005. [91]