eBay, one of the top global commerce companies, announced on Monday that they would be expanding their 'Authenticity Guarantee' by enabling users to trade single graded cards for over $2,000.
eBay’s Authenticity Guarantee already includes sneakers sold for over $100, watches sold for over $2,000, and handbags sold for over $500. In January, eBay announced it was launching authentication services for ungraded trading cards purchased on the platform for over $750.
Whenever an already-graded trading card sells for more than $2,000, that card will be sent to PSA first to ensure that the plastic holder and label are authentic. This service will soon expand to graded cards sold for over $250, eBay says.
Dawn Block, the VP for Collectibles of Electronics and Home at eBay, underscored the importance of authentication services when casual buyers veer towards collecting cards and investing in them.
"eBay is the top destination for buying and selling high value cards and collectibles, and PSA has been a leader in the authentication and grading of trading cards for more than three decades," Block said in a statement on eBay's press release.
Collecting and reselling trading cards experienced an enormous boost during the pandemic as many people were stuck at home. At one point, wait times to get a Pokémon card graded stretched into months as companies like PSA dealt were inundated with cards. Perhaps that’s why eBay specified that the team at PSA handling its cards is separate from the people working through the backlog, which, according to an April 28th podcast, stood at “under four million” cards.
Based on eBay's data, Trading Cards in the first half of 2021 reached $2 billion in transactions, which is equivalent to their total earnings in 2020.
An average of two trading cards are sold every second on the e-commerce platform and over 9 million cards purchased on and off eBay have been added to Customer Collections.
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