Over the years I've had some very nice gains with cross overs, but not in the original holder. I think the main issue that will never go away is the fact that all cards are reviewed by subjective graders, thus the fly in the pie. We will forever hear about resubs that came back higher, lower or the same, thus the confusion. It's all a craps shoot IMO, you either roll that 7-11 or craps out, simple as that.
Some years ago I purchased a certain card as an SGC84. Card kinda looked pretty good to me, so at some point I cracked it and sent it in to PSA. Presto, the card comes back a PSA 8. The card was subbed under the "old" system and I recently subbed the card again (in holder) and presto again, card comes back a PSA 8.5 !!! This from an SGC84. Not only does it come back as a PSA 8.5, it is the ONLY PSA 8.5 of that card, no 9s or 10s! I had a serious YOWZAH moment when I saw that. Card cost me $31 back when, will now sell for mid teens for sure. Yes, I know, you're supposed to send in the flip...c'mon, how many do that?? Like 1 out of 50?
As for the POP report...how does cracking out effect the true numbers? Well, let's say you crack a PSA 7, now it's in raw format and gently squeezed into that card saver to be subbed. Card comes back as a PSA 7, or actually any grade...what happens to the POP report? The original PSA 7 never goes away because PSA has no clue what the card was when it was sent in. The new grade gets added to the POP report, or in this case, if it comes back a PSA 7, the card has in essence cloned itself and the POP report has gone up by one in the PSA 7 category. Either way, the first PSA 7 never gets deleted. No doubt the POP report at this point is nothing more than a WAG, totally inflated for sure. The original card never goes away...crack out 10k cards and send them in raw, the POP report still has those 10k cards in their data base...assuming no flip enclosed.
SMR is another pet peeve of mine and equally as useless. How many times have you heard or read somebody say, "the SMR for that card is x$$"? Or SMR this that or the other. It's all an illusion, a mere fiction. While you can use SMR as a guide if you wish, but there is no way on this earth that SMR is worth squat. PSA does not and cannot "scour" sales as they claim to ensure valid data. VCP is the only place I am aware of that gives you real sales data in a historical fashion, with which to make a viable decision. In the case I cited above about that SGC84 card that has now become a "screamer" for me, BEFORE the card came back as an 8.5, the SMR already had a paltry value of $250 for this card BEFORE it even existed.
What to do??? If you are in the game of collecting and expect a future profit, you have little choice but to play the PSA game to max the value of your cards. You gotta know how to play the game and realize the pitfalls and often times the expense and agonizing wait to get your stuff back from PSA.
One more thing...let's say you are looking for a certain card. The POP says there are 35 of those in a PSA 8, which is the grade you are either looking for, or can afford. You GOTTA take the time to research the card in the Registry to see how many are already "locked up" in either player, team or some other set to see how rare the card might really be that you seek. IOW, if your research shows that 22 of that particular card are tied up in the Registry, then the TRUE POP of that card is 13, not 35. Not many guys turn lose of Registry set cards.
Happy collecting...I will post more in the next few weeks about subbing and how sweet it can be.
PS Hello Steve!! If you are reading this, hope the snow wasn't too bad up in Maine.
Chance favors the prepared mind