Curious to get your thoughts. Since GEM rates only pertain to cards that people thought were good enough to grade, how do you factor in the likelihood that the card purchased isn’t good enough to submit?
For example, I’ve rejected 10 silver Prizm for every 1 submitted. I still have a GEM rate of 0% on those 3. True GEM rate is much lower than 19%.
I think this is a great point. The way we think about it is that a well centered card without obvious defects will grade around the average gem rate. This means 95% of cards we could potentially buy we have to pass on because condition is not good enough to submit.
We find that for the cards we do submit, on average we grade well above the average gem rate. But that comes from a lot of experience and also having the right tools for pregrading (the big one I always stress is a good desk light so you can find all surface defects).
Curious to get your thoughts. Since GEM rates only pertain to cards that people thought were good enough to grade, how do you factor in the likelihood that the card purchased isn’t good enough to submit?
For example, I’ve rejected 10 silver Prizm for every 1 submitted. I still have a GEM rate of 0% on those 3. True GEM rate is much lower than 19%.
I think this is a great point. The way we think about it is that a well centered card without obvious defects will grade around the average gem rate. This means 95% of cards we could potentially buy we have to pass on because condition is not good enough to submit.
We find that for the cards we do submit, on average we grade well above the average gem rate. But that comes from a lot of experience and also having the right tools for pregrading (the big one I always stress is a good desk light so you can find all surface defects).