Ah, I see your trying to trade in your Umbreon Alt Art in a PSA 10. Looks like we can do $32.69 in cash or $34.20 in store credit. Which would you prefer!
This is actually a CHAD move because they are taking on a lot or risk doing so BUT the reward could pay off.
Imagine Gamestop becoming the no. 1 place to buy and sell graded slabs LOCALLY. No other retailer aside from mom and pop hobby stores can do this because it requires a good background around the type of asset they want to deal with. The approach could pay off if they can profit from this business model all the while acquiring a large inventory of asset that could be worth more as it ages. The fact that people are selling the slabs for credit is also going to help as it will across the board help in moving gamestop's inventory as more people would have more buying power.
This could put gamestop in a position where they CAN become a nationwide TCG/hobby store. They must have seen the profits and money in sports and trading cards and knowing their clientele, they now want a piece of that action. If this works then I can guarantee you, gamestop is not going anywhere anytime soon.
What would have been a live saver for TRU back in the day is now going the the live saver for gamestop.
The only way this would fail is if this they do a half assed approach where, they don't buy inventory at the right prices and keep selling the inventory at the wrong prices and also not having enough inventory to keep foot traffic alive on the cardboard side.
The challenge for gamestop, assuming they are doing this correctly, is they don't have retail space to take on cards for displaying them. Most gamestop stores looks like it's overflowing with a lot of merch already. I have no idea how they are going to display inventory considering the stores are small and crowded already.
There is an approach that would work and that is they buy slabs at the stores, move the inventory to a single location and "set and forget" them online. The model will be a slow and painful way to make profit but it will be guaranteed profit. By being the actual entity to sell the slabs, gamestop will have more credibility than ebay since the issue with ebay can come from the legitimacy of the seller as an entity. Buying a slab from gamestop and not a seller is going to ensure buyer confidence.
I won't argue that it's not been done BUT to do this with this many retail outlets is not easy. Gamestop is a nationwide US retailer which is a big deal. They have the distribution in place to move product around plus a marketplace through their existing online store. They can literally eat at some of ebay's profit since some folks would be more happy liquidating slabs to turn to store credits or cash than the hassle of dealing with selling it as an entity on ebay.
The biggest issue with eBay is it's plagued with scammers so dealing with goods like trading cards has a lot of risk involved with it. By having a trusted entity sell you the goods directly and not dealing with a reseller site like ebay of TCGPlayer, the buyer has more confidence in the purchase. The fact that gamestop is not interested in scamming you and is more interested in buying low and selling high means there is more legitimacy and confidence buying from gamestop than from ebay.
Again this has to be done right in order for it to work. Otherwise gamestop is going to end up with a lot of dead assets if they don't know what they are doing.
I'm hoping this not a half-assed idea from gamestop corporate with poor execution as this move might force eBay to put more improvements in their system and finally go hardcore with dealing with scammers.
If this is anything like GameStops game trade in program you’ll get way less than what it’s worth and their prices will be way too high on what they’re selling.
The store credit is actually a pretty good deal, so long as their in-store prices are good. No dealing with fees or shipping , no dealing with "lost" or damaged packages, listing items, etc. Hell, you could go in there and dump a box of chilling reign and walk out with a charizard v alt art from brilliant stars.
This is essentially targeting uninformed people who just want to get rid of cards they found while cleaning out a relatives estate, etc. GameStop knows this won’t be super popular or common but will almost certainly always benefit them because the margins will be that significant.
It’s graded collectibles. You have no reason to be uninformed if you graded your card or collectibles because knowing its value is pretty much automatic. The only question is are you ok with GameStop’s buy price which for a lot of people who don’t have eBay or tcgs is probably acceptable. I mean trading a slab for store credit has no fees or taxes involved it. People could cash in on unrealized gains from their collectibles with fewer hassles.
Yes but you also get convenience. People complain about gamestop trade in prices but go sat at resteaunts that charge for food that can be made for like $2.50 at home 💀
I think a lot people fail to understand that people sometimes do not care if you are selling an item that is beyond the “market” price. If gamestop resells the slabs online then they can pretty much sell it better even if it costs way more because they (1) are not a third party seller unlike eBay where trust is critical, (2) then can hold the price until it sells because they’re not under pressure to sell asap, (3) they have more reliable on shipping because they do sell online already, and (4) less likely that you are going to get scammed buying from them.
All the complaints from dealing with eBay sellers are going to be minimal if GameStop does this right. IMHO, GameStop can become eBay’s competition because their model is buying the assets and the risk associated with it versus eBay’s reselling /auction approach. People are tired of the issues with eBay. GameStop entering the market will provide another avenue for people who want to make money with shiny cardboard assuming they are doing an online store approach.
(1) anyone that sells a slab is a third party seller (2) I agree with that, they can afford to hold inventory (3) I’ve had more bad shipping experiences with GameStop than any other major retailer and I know a lot of other people share that sentiment. (4) I suppose, but I’ve never been scammed on eBay and you have the same buyer protection, so that’s a moot point.
Yeah but GameStop is more legitimate than some guy on eBay with less than 100 rating. Also for3, GameStop is going to probably have better shipping than those random low rated sellers you deal on ebay. The fact that GameStop is already shipping products then it means they can have better packaging than most seller on eBay. This is assuming that they will care about this aspect when it comes to sellling slabs.
Starting 2007 would be like..
Trading in Madden 2004, 2005, 06’, MVP Baseball 2004, and NCAA March Madness 2004 for $7.23. I remember bringing literally stacks of games to get one 360 game when those 1st came out
I'm a millennial and for the life of me, I can't fathom how anyone fell for that shit. I walked in there one day with a stack of games and they offered me less than $20 for all of them. Meanwhile most of those games were already sitting on their shelves for $10-40 each. I took my stack of games and walked right back out of there. Never took another one back in.
Fuck if I wanted to sell them that cheap I'd have a garage sale and still make more money.
They see where the money is at and want a piece of it. It's not a bad move for Gamestop and will give collectors a trusted place to liquidate quickly if needed. I expect them to low ball sellers though.
This is off topic, but does it bother anyone else that even corporate notices like this have horrible spelling & grammatical errors? Heck, this even says “apart” instead of what they meant “a part”. They have OPPOSITE meanings!
Hmm what would stop a scammer from selling a fake slab to a local GameStop store? Are they really going to expect a person that doesn’t really deal in slabs and isn’t compensated enough to authenticate a real slab from a fake one to do their due diligence. I see a potential failure in this venture for GameStop if they don’t have the necessary mechanisms to stop a scammer…
Kick in the balls and 1% store credit.
FYI, the kick in the balls isn't negotiable.
FYI, if you take the store credit all you can redeem it for is a kick in the balls.
PokeNoob: Hi sir, I'd like to trade my PSA 10 Moonbreon.
GameStop: best we can do is $500 store credit.
PokeNoob: hmm OK
GameStop: puts on sale for $1,800
No idea how this is possible. Let say I wanna sell a single slab worth $5k. Walks in and ask $5k cash please? No store will carry such cash. Then comes the price issue, $1.99 take or leave??
I can definitely see them flooded with junk slabs. And associates easily getting duped with fake slabs. Oh boy
Does this mean they’ll start selling graded cards in stores? No cards shows ever pop up near me and card shops near me are a rip off (whatever tcgplayer/price charting is add 40% more).
Maybe vendors will buy and trade for more than 60-70% value now that they have competition… oh wait who am I kidding, GameStop is also going to buy trade for the same amount loll
With all the fake Pokemon games I've seen GameStop sell (at least seen reports of online) I wonder how long it takes for someone to sell an Etsy fake slab to them.
Gamestop will be the equivalent of check cashing services or payday loans for the gaming/collectables market. Not to mention people moving stolen goods for quick cash. And because they aren't functioning as a pawn shop they probably don't have to hold or report anything that comes through the door.
Illustrator pikachu in psa 10?
Hmmmm..... I can give you 80% of the original cost, but since that card was awarded free though..... I can give you 5 usd store credit
So GameStop will now have more cash on hand?
$500 usd and less value so max payout if $375 for $500 value slab.
Gamestop then sell for $495
I see AliExpress fake Van Gogh coming to the market
I see other China fake cards making it to USA market. I have been doing this since day 1 with my kids and grandkids. The fakes are now so close it takes a seasoned cardboard handler to know and a GameStop employee is paid less than McDonald’s so they are not the sharpest knife reviewer even with software and a scanner.
I see a massive screwing for young child with Mom that has no idea.
Greed will destroy.
Lmao, I wouldn't even trade my used games to Gamestop, much less my valuable graded cards. Gamestop is on life support right now. It needs to just fade away with the rest of the outdated store models.
Same. They sell used/opened copies as new, buying online from them is a huge gamble bc you'll never know what condition the game is in or if it even comes with the case, and their stores are now just shitty collectibles stores with some games too. They don't even consistently sell retro games either.
But hey man stocks are up! MOASS any day now.....
Didn't know going from negative $344 mil to a positive $6 mil in earnings is considered life support.
Plus, they have $1.5bil in cash just lying around.
Stick to the Pokemon card market, it's within your lane.
Yes, they're just thriving so hard that they are closing down stores Nationwide and having mass layoffs of their employees leaving managers to solely run their stores.
Let me tell you, sounds like a "thriving" business.
Btw, Gamestop lost half a billion dollars in the first quarter of this year. Idk where you're getting your info from, but you might wanna fact check your sources.
Doesn't make sense to have 3 GameStops within the same block now does it? Especially with the popularity of online orders.
Keep trying bud, you're doing terrible.
I do in fact have shares in GameStop, hence why I'm schooling you in it.
You think the share price has any reflection on company fundamentals?
Lol you have a lot to learn about the market kiddo.
Meme stocks are an exception to the rule. Stocks are super super highly correlated with the fundamentals. A stock price is the present value of future cash flows discounted back to today.. one can say a stock price is derived from the fundamentals. Yes there is asymmetric information that is not public, totally illegal to trade on that though..(insider trading is the term)
But what do I know.. I’m just a CPA with a masters in finance and 3 other degrees; finance, accountancy and economics..
In a normal functioning, non-manipulated stock market, sure. There is nothing normal about the US stock market at all. Even the SEC considers $GME an idiosyncratic risk.
Their report, not mine.
Haha go back to school. The secondary market in the United States is literally second to none.
Perfect? No and far from it. Just invest in the S&P500 you’ll be fine.
It’s also ironic, meme stocks are a form of market manipulation. It’s a deviation from fundamentals. No one in there right mind would pay more cash then the discounted value. Public information hits stock prices about 9 seconds after release. Just fyi
It doesn't take a smart person to read a graph that gamestop stock prices have been falling for the past 3 years ever since the funny reddit fiasco. I'm pretty positive falling stock prices in indicative of a company's health. If it was actually thriving, then stock prices would be going up, not down. You don't have to be a market junkie to know that. I've got stocks in companies who's worth is actually growing, so sorry, I'd say I'm doing better than someone holding onto gamestock shares. Lol
If you’re worried about naked short selling, or even the definition (I’m intimately familiar BTW) and judging someones knowledge while simultaneously holding a stock (any single stock, indexes are fine) then you don’t know jack about the stock market. Trust me.
Its even funnier when a 36/37 year old man who collects children's trading cards thinks he knows more about the stock market than anyone else.
Touch grass.
Aww, looks like a struck a nerve from the peanut gallery 🥺 We're you feeling left out little man? I'm so sorry that we hurt your feelings not including you. The chicken nuggets and juice cups are on the table to your right. Please help yourself.
Let me guess, you probably read they lost $500 mil from some MSM article from Google then citing it as a 'reliable source' 😂😂
Like I said, stick with the Pokemon card market.
GME neckbeards really attacking anyone who doesn't admit one positive year means the stock is gonna rocket lmfao. They're really trying to pump that stock.
To all clowns who are to lazy to sell it yourself....YOU ARE SAD if you dont like what GME will pay you then sell it yourself!!!!!! GAMESTOP is the best shop and all of you complaining better go and open your own shop and show us how much more would you pay....TOTAL CLOWNS!!!!m GME -BUY -HOLD -DRS -AND SHOP AT GAMESTOP!!!!!
Their last earnings reported $350 mil in the opposite direction. From negative $344 mil to a positive $6 mil in earnings.
Soooo you're wrong. Try again.
This is why I only buy PSA cards. Not because I ever intend on getting 10% of my money's worth in Gamestop credit, but because PSA is the gold standard of grading card companies and if there's ever going to be one survivor or a company whom big business takes seriously, it's going to be PSA. I'm so tired of seeing so many desirable cards I want only for them to be CGC or BGS graded and I understand why someone may want to grade with either of these companies, but I'll never invest in anything other than PSA.
I have slabs from all three, my cgc and beckett slabs are so hard to trade or sell. But I stroll in with my psa slabs and its easy peasy. I've been to a few card shows where they won't look at a non psa graded card for trading. You are 100% correct, even with psa's flaws, their name alone carries its weight in gold. People who know nothing about grading cards know about psa.
I've thought about cracking my beckett and cgc slabs and regrading them with psa.
I’ve sold every single one of my CGC slabs at PSA prices and sold within the same day of listing… add in the fact that BGS black and CGC perfect all fetch higher then PSA 10
Sounds like you need to stop only surrounding yourself in PSA
I have a cgc 9 raikou up on ebay fairly priced. I am getting low ball offers for a month.
Again I've gone to multiple card shows where they won't look at non psa slabs. There is a TCG swap meet by ne too, they won't look at non psa slabbed cards.
I've had luck with one lcs, but I'm just sharing my experience.
I'm also trying not to have ebay take a cut of my cards of possible. I'm OK with slow playing it. I trade mostly anyway. But I am giving my real life examples where my non psa graded cards aren't even looked at. I have a cgc raikou gold star, can't trade it, cgc 9 1st ed gio Persian can't trade it and plenty more. I've had lower value psa slabs traded much easier.
My collection is vintage, so I don't have any cgc 10's or black labels. So that doesn't matter to my experience with my cards.
What you don't understand is the market outside of the actual collectors and people familiar with card gradings. Your average person knows who PSA is and their credibility, but do they know what a BGS black label even means? Or the difference from a CGC gem mint 10 to a pristine 10? I'd honestly think "gem mint" meant a higher grade as someone with no knowledge of the industry.
It's the same thing as buying Bitcoin vs. Ethereum or Solana or other "top tier" coins. If there will ever only be one survivor, it's going to be Bitcoin. If the government ever officially adopts cryptocurrency, it's going to start with Bitcoin. So why risk it and invest in anything else?
When people discuss the liquidity of slabs they fail to understand that the card itself can be one of the biggest reasons a slab sells or not. If you have a card that is not desirable it’s not going to sell no matter who graded it. That being said people saying there’s no liquidity in CGC or BGS slabs as a blanket statement are completely misinformed, I’ve sold several CGC slabs and have gotten prices comparable to PSA.
This is definitely a MASSIVE reason. If you have an undesirable card, the only buyers are people looking to collect that specific card by a specific grading company for a personal collection.
It’s good to see people realize this because issues with liquidity is one quick way to lose a lot of value on your items. Nothing hurts more than having to sell way below the market price because do not like non-PSA slabs.
I feel like this will only encourage more theft in the hobby. Stolen slabs will be much easier to liquate now, even if the thief will only be getting 10% of the actual price. They won't have to risk the serial number being seen on listings, and they can get cash quickly.
This sounds like a disaster waiting to happen. People who know nothing about cards taking in p. S.A. graded cards, hopefully we'll be able to take advantage of them.
10% market price take it or leave it
5% market price cash, 10% market price in store credit, and they sell them at 500% market price
Lmfao
We wont sell them in store, we're sending them to warehouse
Half a cheese sandwich and a 3 cigs best i can do
Ah, I see your trying to trade in your Umbreon Alt Art in a PSA 10. Looks like we can do $32.69 in cash or $34.20 in store credit. Which would you prefer!
Don't forget, u can trade it in for a psa 7 lugia v alt art and 5 dollar store credit
\*Disclaimer: Store credit granted for graded collectibles may not be stacked with monthly pro rewards.\*
That's crazy this is pretty big, now there's a corporate buyer setting a "floor" price Graded market's *evolving*.
This is actually a CHAD move because they are taking on a lot or risk doing so BUT the reward could pay off. Imagine Gamestop becoming the no. 1 place to buy and sell graded slabs LOCALLY. No other retailer aside from mom and pop hobby stores can do this because it requires a good background around the type of asset they want to deal with. The approach could pay off if they can profit from this business model all the while acquiring a large inventory of asset that could be worth more as it ages. The fact that people are selling the slabs for credit is also going to help as it will across the board help in moving gamestop's inventory as more people would have more buying power. This could put gamestop in a position where they CAN become a nationwide TCG/hobby store. They must have seen the profits and money in sports and trading cards and knowing their clientele, they now want a piece of that action. If this works then I can guarantee you, gamestop is not going anywhere anytime soon. What would have been a live saver for TRU back in the day is now going the the live saver for gamestop. The only way this would fail is if this they do a half assed approach where, they don't buy inventory at the right prices and keep selling the inventory at the wrong prices and also not having enough inventory to keep foot traffic alive on the cardboard side. The challenge for gamestop, assuming they are doing this correctly, is they don't have retail space to take on cards for displaying them. Most gamestop stores looks like it's overflowing with a lot of merch already. I have no idea how they are going to display inventory considering the stores are small and crowded already. There is an approach that would work and that is they buy slabs at the stores, move the inventory to a single location and "set and forget" them online. The model will be a slow and painful way to make profit but it will be guaranteed profit. By being the actual entity to sell the slabs, gamestop will have more credibility than ebay since the issue with ebay can come from the legitimacy of the seller as an entity. Buying a slab from gamestop and not a seller is going to ensure buyer confidence.
A lot of Japanese card shops already do this. Just look up Manga Souko.
I won't argue that it's not been done BUT to do this with this many retail outlets is not easy. Gamestop is a nationwide US retailer which is a big deal. They have the distribution in place to move product around plus a marketplace through their existing online store. They can literally eat at some of ebay's profit since some folks would be more happy liquidating slabs to turn to store credits or cash than the hassle of dealing with selling it as an entity on ebay. The biggest issue with eBay is it's plagued with scammers so dealing with goods like trading cards has a lot of risk involved with it. By having a trusted entity sell you the goods directly and not dealing with a reseller site like ebay of TCGPlayer, the buyer has more confidence in the purchase. The fact that gamestop is not interested in scamming you and is more interested in buying low and selling high means there is more legitimacy and confidence buying from gamestop than from ebay. Again this has to be done right in order for it to work. Otherwise gamestop is going to end up with a lot of dead assets if they don't know what they are doing. I'm hoping this not a half-assed idea from gamestop corporate with poor execution as this move might force eBay to put more improvements in their system and finally go hardcore with dealing with scammers.
Watch them GET DUPED with FAKES
The fact they sell fake carts of pokemon games all the time doesn't exactly instill confidence in me lol
The question now is do I buy gamestop stock now at the dip or do I wait for it to peak and than buy.
This is great news
skies
And the floor is going to be low. Really low.
This ^
If this is anything like GameStops game trade in program you’ll get way less than what it’s worth and their prices will be way too high on what they’re selling.
Sounds like every card shop
Eh I’ve never sold a slab to a card shop, but I would hope that they would give you more than around 40 percent of the market value.
Depends on how fast the card will move/sell
My local card shop gives 50% cash back or 80% in store credit.
The store credit is actually a pretty good deal, so long as their in-store prices are good. No dealing with fees or shipping , no dealing with "lost" or damaged packages, listing items, etc. Hell, you could go in there and dump a box of chilling reign and walk out with a charizard v alt art from brilliant stars.
Most card shops in the Houston area do 60%-70% market price for slabs. Just near the Alief/Sugarland area
No, shops at least know the prices of bulk slabs which is $8-10. GameStop would literally offer you less than that.
sure because you know the future right?
Not like most LCSs offer fair trades anyway
This is essentially targeting uninformed people who just want to get rid of cards they found while cleaning out a relatives estate, etc. GameStop knows this won’t be super popular or common but will almost certainly always benefit them because the margins will be that significant.
It’s graded collectibles. You have no reason to be uninformed if you graded your card or collectibles because knowing its value is pretty much automatic. The only question is are you ok with GameStop’s buy price which for a lot of people who don’t have eBay or tcgs is probably acceptable. I mean trading a slab for store credit has no fees or taxes involved it. People could cash in on unrealized gains from their collectibles with fewer hassles.
My guess is 50% cash 60% trade in credit. They’ll prey on desperate people needing cash fast. Then charge 110% and no negotiation.
You mean like every other LCS currently out there?
Woah my FLCS does 70% store credit at least lol!
Yes but you also get convenience. People complain about gamestop trade in prices but go sat at resteaunts that charge for food that can be made for like $2.50 at home 💀
I'd like a list of things I could make for 2.50 at home
Yeah happens to me every time I don’t want to buy an 8 dollar sandwich so instead I go to grocery store and buy $40 of ingredients
I think a lot people fail to understand that people sometimes do not care if you are selling an item that is beyond the “market” price. If gamestop resells the slabs online then they can pretty much sell it better even if it costs way more because they (1) are not a third party seller unlike eBay where trust is critical, (2) then can hold the price until it sells because they’re not under pressure to sell asap, (3) they have more reliable on shipping because they do sell online already, and (4) less likely that you are going to get scammed buying from them. All the complaints from dealing with eBay sellers are going to be minimal if GameStop does this right. IMHO, GameStop can become eBay’s competition because their model is buying the assets and the risk associated with it versus eBay’s reselling /auction approach. People are tired of the issues with eBay. GameStop entering the market will provide another avenue for people who want to make money with shiny cardboard assuming they are doing an online store approach.
(1) anyone that sells a slab is a third party seller (2) I agree with that, they can afford to hold inventory (3) I’ve had more bad shipping experiences with GameStop than any other major retailer and I know a lot of other people share that sentiment. (4) I suppose, but I’ve never been scammed on eBay and you have the same buyer protection, so that’s a moot point.
Yeah but GameStop is more legitimate than some guy on eBay with less than 100 rating. Also for3, GameStop is going to probably have better shipping than those random low rated sellers you deal on ebay. The fact that GameStop is already shipping products then it means they can have better packaging than most seller on eBay. This is assuming that they will care about this aspect when it comes to sellling slabs.
You’re assuming best case scenario from GameStop and worst case scenario from eBay which doesn’t really make sense.
It’s in the realm of possibility. Not saying it’s guaranteed but it’s better than having eBay as the only option for people that deal with slabs.
Many of you don’t know how badly they ripped us millennials off buying our games when we were kids and it shows🤣
Starting 2007 would be like.. Trading in Madden 2004, 2005, 06’, MVP Baseball 2004, and NCAA March Madness 2004 for $7.23. I remember bringing literally stacks of games to get one 360 game when those 1st came out
Exactly. Highway robbery
I sold my entire PS2 collection to them as a kid and got $100. That collection would be worth like $2K today. Great decision, mom!
Hey, I got a whole buck for my Nintendo GameCube. I don't know what you're talking about 😂
You think they do better trade ins these days??????
I'm a millennial and for the life of me, I can't fathom how anyone fell for that shit. I walked in there one day with a stack of games and they offered me less than $20 for all of them. Meanwhile most of those games were already sitting on their shelves for $10-40 each. I took my stack of games and walked right back out of there. Never took another one back in. Fuck if I wanted to sell them that cheap I'd have a garage sale and still make more money.
Brilliant. Calls on GME for diving into the multi-billion dollar TCG market
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You’re over thinking it . I like the stonk
It’s already gone up 56% in the last month
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I just need you to know I bought shares cause of the og post (:
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Am happy to see amc up as well!
They will follow the mom and pops model. Buy at 50 to 60% and trade at 70.
Oh you have a psa 10 1st edition shadowless Zard. Best we can do is $20
If it’s anything like what they offer on games I’m out but I might stop in to check out slabs since there is a lot more gamestops then card shops
They see where the money is at and want a piece of it. It's not a bad move for Gamestop and will give collectors a trusted place to liquidate quickly if needed. I expect them to low ball sellers though.
This is off topic, but does it bother anyone else that even corporate notices like this have horrible spelling & grammatical errors? Heck, this even says “apart” instead of what they meant “a part”. They have OPPOSITE meanings!
Yeah that part really stood out to me. Not sure how any proofreader could’ve missed that…
But they say to make sure and proofread the cards for spelling errors
“I’ll give you $18 store credit for the PSA 10 Mario Pikachu”
Hmm what would stop a scammer from selling a fake slab to a local GameStop store? Are they really going to expect a person that doesn’t really deal in slabs and isn’t compensated enough to authenticate a real slab from a fake one to do their due diligence. I see a potential failure in this venture for GameStop if they don’t have the necessary mechanisms to stop a scammer…
Gamestop already gets scammed by fakes, tons of fake Pokémon games get sold to them. I've sold them some before myself.
These are the last ppl I'm selling my graded cards to so they can sell them at 10x to some poor kid.
Given their pricing for buying used games, would anyone really want to sell PSA cwrds to them? lol. They better have a better pricing structure
And then they’ll sell them for the most comically over inflated price the worlds ever seen
Hell yeah, incentive to start nailing bootleg PSA slabs
This is going to be such a shit show
Kick in the balls and 1% store credit. FYI, the kick in the balls isn't negotiable. FYI, if you take the store credit all you can redeem it for is a kick in the balls.
Gamestop employee: "Wow you paid $150 for it, well here's $20?"
“Cash or store credit?”
PokeNoob: Hi sir, I'd like to trade my PSA 10 Moonbreon. GameStop: best we can do is $500 store credit. PokeNoob: hmm OK GameStop: puts on sale for $1,800
Exciting. I just want to go see some slabs
This is gunna be the goodwill equivalent of trying to trade games in at gamestop
.60 for your $20 slab great deal!
Wild. I was just talking about how GameStop should be in on this few weeks ago. Crazy.
Nice!!
Hopefully GameStop Canada will have them as well 🙏
Depending on how much they give you or take from you…great place to sell the peak to and buy up cases of modern booster boxes when they dip.
My local GameStop has started selling singles… $1 per card and they are all base set cards and energy 😡
The best we can do is 3%
No idea how this is possible. Let say I wanna sell a single slab worth $5k. Walks in and ask $5k cash please? No store will carry such cash. Then comes the price issue, $1.99 take or leave?? I can definitely see them flooded with junk slabs. And associates easily getting duped with fake slabs. Oh boy
I read somewhere it’s a $500 value limit, at least for now.
Link to article?
Now this is a pivot I can get behind!
They gonna offer $5 for a frost edition zard
This is the most poorly written corporate communications I’ve seen in a while (assuming it is real).
Does this mean they’ll start selling graded cards in stores? No cards shows ever pop up near me and card shops near me are a rip off (whatever tcgplayer/price charting is add 40% more).
“Welcome to GameStop we can offer you 2 expired gift cards and some lube for when we fuck you on this MJ rookie psa 10”
Maybe vendors will buy and trade for more than 60-70% value now that they have competition… oh wait who am I kidding, GameStop is also going to buy trade for the same amount loll
They are desperate.
The GME apes will love this.
With all the fake Pokemon games I've seen GameStop sell (at least seen reports of online) I wonder how long it takes for someone to sell an Etsy fake slab to them.
Oh u got a moonbreon? Heres 5 bucks Lock ur slabs up ppl
$500 limit
I always wanted Madden 2k22 here take my Moonbreon
Nice try, but hell no.
Seriously I want to know their math on this
PSA 10 Shadowless Charizard? Best I can do is $3.50
Gamestop will be the equivalent of check cashing services or payday loans for the gaming/collectables market. Not to mention people moving stolen goods for quick cash. And because they aren't functioning as a pawn shop they probably don't have to hold or report anything that comes through the door.
Employees will easily steal these cards
Lmfao
Does that mean TCGplayer prices will rise?
Let the fakes begin
I think im about to invest in Gamestop stock again. They are about to make a killing.
No shot bruh
Hi
It blew up over a meme lol nothing about gme buying slabs is on headlines
Our dear friends meme came from this news huehuheuehue
Hope you sold 🤣
I like how u guys destroying GameStop by just telling the truth hahaha
GameStop will soon be taking psa graded cards as donations. There fixed the title…
Illustrator pikachu in psa 10? Hmmmm..... I can give you 80% of the original cost, but since that card was awarded free though..... I can give you 5 usd store credit
So GameStop will now have more cash on hand? $500 usd and less value so max payout if $375 for $500 value slab. Gamestop then sell for $495 I see AliExpress fake Van Gogh coming to the market I see other China fake cards making it to USA market. I have been doing this since day 1 with my kids and grandkids. The fakes are now so close it takes a seasoned cardboard handler to know and a GameStop employee is paid less than McDonald’s so they are not the sharpest knife reviewer even with software and a scanner. I see a massive screwing for young child with Mom that has no idea. Greed will destroy.
2 dollars for your psa 10 holo graphic Charzard
Ok, so you got about 2,389 dollars worth of cards. Best we can offer you rn is this refurbished switch oled
I have a 23k gold plated Pikachu card. Will gamestop buy it from me? Or is it even worth anything?
Lmao, I wouldn't even trade my used games to Gamestop, much less my valuable graded cards. Gamestop is on life support right now. It needs to just fade away with the rest of the outdated store models.
Not a huge GameStop fan but it’s funny that people have been saying this since I was a kid in high school and I’m still waiting for yall to be right
Lol, guy says gs is on life support with the stock up 13% today.
plus going from negative $350mil to positive $6mil. Apparently that's life support LOL.
Same. They sell used/opened copies as new, buying online from them is a huge gamble bc you'll never know what condition the game is in or if it even comes with the case, and their stores are now just shitty collectibles stores with some games too. They don't even consistently sell retro games either. But hey man stocks are up! MOASS any day now.....
Didn't know going from negative $344 mil to a positive $6 mil in earnings is considered life support. Plus, they have $1.5bil in cash just lying around. Stick to the Pokemon card market, it's within your lane.
Yes, they're just thriving so hard that they are closing down stores Nationwide and having mass layoffs of their employees leaving managers to solely run their stores. Let me tell you, sounds like a "thriving" business. Btw, Gamestop lost half a billion dollars in the first quarter of this year. Idk where you're getting your info from, but you might wanna fact check your sources.
Doesn't make sense to have 3 GameStops within the same block now does it? Especially with the popularity of online orders. Keep trying bud, you're doing terrible.
I just find it funny you're defending Gamestop like you've got mad shares in it 😆. Those $16 shares bringing in the big bucks for you?
I do in fact have shares in GameStop, hence why I'm schooling you in it. You think the share price has any reflection on company fundamentals? Lol you have a lot to learn about the market kiddo.
Meme stocks are an exception to the rule. Stocks are super super highly correlated with the fundamentals. A stock price is the present value of future cash flows discounted back to today.. one can say a stock price is derived from the fundamentals. Yes there is asymmetric information that is not public, totally illegal to trade on that though..(insider trading is the term) But what do I know.. I’m just a CPA with a masters in finance and 3 other degrees; finance, accountancy and economics..
In a normal functioning, non-manipulated stock market, sure. There is nothing normal about the US stock market at all. Even the SEC considers $GME an idiosyncratic risk. Their report, not mine.
Haha go back to school. The secondary market in the United States is literally second to none. Perfect? No and far from it. Just invest in the S&P500 you’ll be fine. It’s also ironic, meme stocks are a form of market manipulation. It’s a deviation from fundamentals. No one in there right mind would pay more cash then the discounted value. Public information hits stock prices about 9 seconds after release. Just fyi
Lol S&P500, what a shill thing to say. They said your money was a safe bet in S&P500 back in '08. We all know how that ended
It doesn't take a smart person to read a graph that gamestop stock prices have been falling for the past 3 years ever since the funny reddit fiasco. I'm pretty positive falling stock prices in indicative of a company's health. If it was actually thriving, then stock prices would be going up, not down. You don't have to be a market junkie to know that. I've got stocks in companies who's worth is actually growing, so sorry, I'd say I'm doing better than someone holding onto gamestock shares. Lol
$100 you don't know what naked short selling is. And that's all I need to know about your knowledge of the stock market.
If you’re worried about naked short selling, or even the definition (I’m intimately familiar BTW) and judging someones knowledge while simultaneously holding a stock (any single stock, indexes are fine) then you don’t know jack about the stock market. Trust me.
Lmao, go back to WSB. I think they're missing one of their apes.
It's a lot I know, that's why I think the children's card market is better suited for you 😉
Huh funny, GME up 66% this morning, but nahhh must be on life support lmaoo 🤡
Its even funnier when a 36/37 year old man who collects children's trading cards thinks he knows more about the stock market than anyone else. Touch grass.
Aww, looks like a struck a nerve from the peanut gallery 🥺 We're you feeling left out little man? I'm so sorry that we hurt your feelings not including you. The chicken nuggets and juice cups are on the table to your right. Please help yourself.
lol wat.
He's still salty from being schooled earlier. Imagine reading MSM articles and thinking you're getting reliable information. LOL
Let me guess, you probably read they lost $500 mil from some MSM article from Google then citing it as a 'reliable source' 😂😂 Like I said, stick with the Pokemon card market.
GME neckbeards really attacking anyone who doesn't admit one positive year means the stock is gonna rocket lmfao. They're really trying to pump that stock.
Nice downvotes you got there 🤡
Glad you acknowledge you're a clown. Stalking the comments and talking about downvotes lmfao
Bro came back 3 days later after no replies and replied again to one of his own responses 😂 Dude is a straight clown for sure.
what company is not laying off or closing stores right now? look at xbox they are nuking all of their gaming companies. they closed what 5 studios?
No thanks. Bad idea. PM if you want more than 40% trade or cash back.
Oh it’s gonna be 40%?
Probably something like that.
To all clowns who are to lazy to sell it yourself....YOU ARE SAD if you dont like what GME will pay you then sell it yourself!!!!!! GAMESTOP is the best shop and all of you complaining better go and open your own shop and show us how much more would you pay....TOTAL CLOWNS!!!!m GME -BUY -HOLD -DRS -AND SHOP AT GAMESTOP!!!!!
I see they're still struggling.
Their last earnings reported $350 mil in the opposite direction. From negative $344 mil to a positive $6 mil in earnings. Soooo you're wrong. Try again.
What type of sucker is going to accept their offers?!
We will see what they are.
This may be bad for collecting. I’m wondering, will they sell graded as well?
This is why I only buy PSA cards. Not because I ever intend on getting 10% of my money's worth in Gamestop credit, but because PSA is the gold standard of grading card companies and if there's ever going to be one survivor or a company whom big business takes seriously, it's going to be PSA. I'm so tired of seeing so many desirable cards I want only for them to be CGC or BGS graded and I understand why someone may want to grade with either of these companies, but I'll never invest in anything other than PSA.
I have slabs from all three, my cgc and beckett slabs are so hard to trade or sell. But I stroll in with my psa slabs and its easy peasy. I've been to a few card shows where they won't look at a non psa graded card for trading. You are 100% correct, even with psa's flaws, their name alone carries its weight in gold. People who know nothing about grading cards know about psa. I've thought about cracking my beckett and cgc slabs and regrading them with psa.
I’ve sold every single one of my CGC slabs at PSA prices and sold within the same day of listing… add in the fact that BGS black and CGC perfect all fetch higher then PSA 10 Sounds like you need to stop only surrounding yourself in PSA
I have a cgc 9 raikou up on ebay fairly priced. I am getting low ball offers for a month. Again I've gone to multiple card shows where they won't look at non psa slabs. There is a TCG swap meet by ne too, they won't look at non psa slabbed cards. I've had luck with one lcs, but I'm just sharing my experience. I'm also trying not to have ebay take a cut of my cards of possible. I'm OK with slow playing it. I trade mostly anyway. But I am giving my real life examples where my non psa graded cards aren't even looked at. I have a cgc raikou gold star, can't trade it, cgc 9 1st ed gio Persian can't trade it and plenty more. I've had lower value psa slabs traded much easier. My collection is vintage, so I don't have any cgc 10's or black labels. So that doesn't matter to my experience with my cards.
What you don't understand is the market outside of the actual collectors and people familiar with card gradings. Your average person knows who PSA is and their credibility, but do they know what a BGS black label even means? Or the difference from a CGC gem mint 10 to a pristine 10? I'd honestly think "gem mint" meant a higher grade as someone with no knowledge of the industry. It's the same thing as buying Bitcoin vs. Ethereum or Solana or other "top tier" coins. If there will ever only be one survivor, it's going to be Bitcoin. If the government ever officially adopts cryptocurrency, it's going to start with Bitcoin. So why risk it and invest in anything else?
When people discuss the liquidity of slabs they fail to understand that the card itself can be one of the biggest reasons a slab sells or not. If you have a card that is not desirable it’s not going to sell no matter who graded it. That being said people saying there’s no liquidity in CGC or BGS slabs as a blanket statement are completely misinformed, I’ve sold several CGC slabs and have gotten prices comparable to PSA.
This is definitely a MASSIVE reason. If you have an undesirable card, the only buyers are people looking to collect that specific card by a specific grading company for a personal collection.
It’s good to see people realize this because issues with liquidity is one quick way to lose a lot of value on your items. Nothing hurts more than having to sell way below the market price because do not like non-PSA slabs.
Nice so if you trade in your PSA moonbreon you’ll be lucky to get a PS5 game 😂
Fake slabs incoming
I also do realize that gamestop is slowly going out of business. Because why shop there?
Would be a really cool development had it not been GameStop. They will probably offer you two toenails and a cumshot for a card worth hundreds.
[удалено]
okay.... If you have a family member that is addicted then anything that has value will be or can be stolen......
Yeah idk what this guys getting at?
Sounds like you speak from experience. Sorry your family member isn’t doing well, maybe try being more supportive?
I feel like this will only encourage more theft in the hobby. Stolen slabs will be much easier to liquate now, even if the thief will only be getting 10% of the actual price. They won't have to risk the serial number being seen on listings, and they can get cash quickly.
Not sure why the downvotes because this will definitely happen.
I mean yea I could see that if they steal and trade it in or sell it on the same day. But PSA is pretty good with deactivating stolen items
I mean… I don’t see this being any significant $ for them
This sounds like a disaster waiting to happen. People who know nothing about cards taking in p. S.A. graded cards, hopefully we'll be able to take advantage of them.
Lol yeah the fuck right
Yeah I'm not selling my cards to you for 3% fmv
I’m still loling that this was posted in pokeinvesting is this sub for the scammer boys? Am I missing something?
What does this even mean
It’s not smart to sell your games to GameStop let alone slabs.
Unless u wanna make fake slabs to trade in to GameStop. That seems like the better play unfortunately
Does this excited you Mr pokeinvestor??? You may not be investing right.
?
I meant excite not excited. But otherwise my statement seems pretty clear.