Since 1991, PSA has been the leader in 3rd party authentication and grading but it took some time for the concept to really take hold in the marketplace. It took seven years for PSA to reach 1,000,000 collectibles certified. In 1998, that milestone was reached with a 1958 Topps World Series Foes card featuring Hank Aaron and Mickey Mantle. This week, a Bryce Harper rookie card became PSA’s 20 millionth certified item! After years of certifying trading cards, autographs and an assortment of memorabilia, PSA has reached new heights with the support of so many people in the hobby. In the following piece, PSA takes a closer look at this historic milestone.
(Written by PSA) – Professional Sports Authenticator (www.PSAcard.com), the world’s largest memorabilia authentication and certification service, just got even bigger. On November 26, 2012, PSA certified its 20 millionth item and now is surprising the submitter with a gift of appreciation.
“We could not have reached this important 20 million milestone without tremendous public support from both buyers and sellers. It shows continued strength and growth of the PSA brand and the importance of third-party certification year-after-year, through good markets and not-so-good markets,” said Joe Orlando, President of the PSA and PSA/DNA Certification Services divisions of Collectors Universe, Inc. (NASDAQ: CLCT).
“Thank you, everyone: collectors, dealers and auction houses. Thank you to those who submit items for certification and to the thousands of hobbyists who purchase PSA-certified items. It took some time for the 3rd-party concept to finally catch on in the late-1990s but, by that time, enough buyers started to insist that the items they purchased were certified by PSA. Your loyalty is appreciated. It’s a very significant milestone and everyone at PSA is proud of it. It’s a great way to finish a terrific year,” Orlando added.
The 20 millionth certified item is a 2011 Bowman Chrome Prospects autographed rookie card of Washington National outfielder Bryce Harper (#BCP111), and it was graded PSA Mint 9.
It was submitted by a collector from Daly City, California.
“To show our appreciation, we’re sending the submitter a surprise gift, a PSA/DNA-certified Bryce Harper autographed baseball. So now he’ll have a documented RookieBall™ from the reigning National League Rookie of the Year to go along with his PSA-graded Harper rookie card,” said Orlando.
“It’s fitting that PSA’s 20 millionth collectible is a 2011 Bryce Harper Bowman rookie card,” Orlando stated. “In 2012, the sports world witnessed the emergence of several special rookie athletes like Harper, Mike Trout, Robert Griffin III and Andrew Luck. These are the types of athletes that help generate continued interest in collectibles. The next generation of superstar athletes will play a significant role in PSA certifying its next 20 million items by helping cultivate the hobby’s next generation of collectors.”
After its founding in 1991, it took seven years for PSA to reach the one million milestone but, since 1998, PSA has averaged well over a million submissions annually. The combined total value of the 20 million sports, entertainment and historical collectibles PSA experts now have examined, authenticated and certified is well over $1 billion.
“For the first couple of years we were only grading 200 or 300 cards a month,” recalled David Hall, President of Collectors Universe and a Co-Founder of PSA. “But we knew the idea of third-party grading would help the card market. I love sports cards, so we kept going and waited for the idea of third-party certification to catch on. Now, after 20 million cards, autographs and other items, we obviously feel very good about the market we’ve always loved.”
Recently, PSA has expanded its services to help the hobby grow and attract new collectors by providing educational reference information free online for all collectors.
The unparalleled PSA CollectiblesFacts™ (www.PSACollectibleFacts.com) website launched in June 2012 is a continually expanding, free Internet encyclopedia of sports, historical and entertainment collectibles. It now contains extensive information and thousands of images of sports and non-sports cards, autographs and professional model baseball bats. Another new section, PSA TicketFacts™, will go online in early 2013 with information and images about collectible tickets such as those from the Super Bowl and World Series.
What’s the most interesting item of the 20 million PSA has certified? Orlando says there have been many incredible items that have been submitted over the years, but his personal favorite is a signed, professional model baseball bat that PSA certified in 2003, which sold at a public auction in 2004 for $1,265,000.
“The coolest item for me is the bat Babe Ruth used to hit the first home run in Yankee Stadium on Opening Day in 1923 to beat the Boston Red Sox. It’s not the most valuable item in the hobby but, from a historical perspective it’s hard to beat the weapon used by the Sultan of Swat to christen a stadium with such a rich history; a stadium that is now gone,” he explained. “The story behind that particular bat, its lineage and the importance of that moment all contribute to its appeal. That is a big part of why we all collect, it’s the story behind the items.”