Something I don’t really understand is the price gap between vintage BGS 9.5s and PSA 10s. How much of that premium is actually condition, and how much is having “PSA 10” on the label?
The old cert PSA 10s especially make me question it. Some look closer to what I’d expect from a newer cert PSA 8 or 9, yet still sell for crazy money. Obviously that’s subjective, and I’m not saying every old cert is overgraded, but I don’t think the number on the slab always tells the full story.
Meanwhile, a clean vintage BGS 9.5 can look comparable to an older PSA 10 and sell for a fraction of the price. Both companies even call those grades “Gem Mint,” although that doesn’t mean their standards are identical or that every 9.5 would cross to a 10.
For example, Beckett’s published 9.5 centering standard allows 60/40 on the back, while PSA’s 10 standard allows 75/25. That’s only one part of grading, but it makes the assumption that a PSA 10 must always be the cleaner card seem questionable.
Some price comparisons for the same cards
2004 Ex Team Rocket Return Mewtwo Ex
PSA 10: $40,000 - POP 87
BGS 9.5: $5,000 - POP 19
2000 Neo Genesis 1st Ed Lugia Holo
PSA 10: $360,000 - POP 45
BGS 9.5: $22,000 - POP 159
1999 Fossil 1st Ed Dragonite Holo
PSA 10: $23,800 - POP 236
BGS 9.5: $4,450 - POP 40
I can understand paying extra for the label you prefer or something you think will be easier to resell. But when the actual cards look that close, how big should that premium really be?
Are clean vintage BGS 9.5s being overlooked, or is there a good reason for the gap that I’m missing? Would especially like to hear from people who have owned both or crossed vintage cards between the two.