Because Slabd fully insures all cards, international customs laws require a Declared Value for all goods sent overseas.
What is Declared Value?
In short, think of Declared Value as the price you might reasonably expect to achieve if you sold your card today and it was PSA graded.
Your estimated Declared Value has three uses when you grade your card with Slabd:
- The value we declare for customs shipping purposes
- The maximum insured value of your card while Slabd has possession of your card and when it’s in shipping transit
- The value which determines the PSA Service Level and Price Level.
Your estimated Declared Value needs to be in US dollars. You can use this currency conversion tool to help.
Simply add your Declared Value when you submit your order.
How do I assess my card’s Declared Value?
Like anything you sell, two factors determine the value, namely: Condition, and desirability.
PSA’s Grading Standards use a 1-10 scale, from ‘Gem mint’ to ‘Poor’. Factors which determine the condition include things like marks, stains, bends, cuts, tears, printing quality, among others.
PSA’s PhotoGrade gives you visual examples of the same card in different condition grades and the factors which affect it.
Desirability (market value)
Of course, desirability is simply whatever makes your card attractive to buyers.
Here are some resources you can reference if you need a help in assessing your card’s market value (subject to the overall card condition):
- SMR Price Guide – The official price guide for PSA-certified collectibles
- PSA Auction Prices Realised – The most recent auction activity – from all the top auction houses like eBay and Heritage. You can refine the results by date, price, grade and more.
Other price guide resources
The small print
In short, the Declared Value is set by you, and if PSA determines that your card doesn’t match the estimate market value, they may request you to change your Declared Value, or in extreme cases decline not to grade your card.
It’s rare, but bear in mind that if you happened to declare your genuine Michael Jordan rookie card with a $5 Declared Value, PSA are likely to ask a few questions.
Slabd does not determine the Declared Value on your behalf and is not responsible for underestimated declared card values. Check out our terms and conditions for further information. If the Declared Value you have set is lower than the actual market value of the card PSA will request that your card be placed in the correct service level.
If PSA determines, in its sole discretion and at any point in the process, that the submitted Declared Value has been understated relative to the market value of the item, PSA reserves the right to decline your stated Declared Value. If PSA declines the Declared Value of an item, PSA may require you to pay for the accurate Service Level as a condition of PSA completing the authentication and grading process as to the subject item. If you refuse, or are unable, to pay PSA for the accurate Service Level, then PSA will return the item to you unprocessed at your cost, and you will be charged for the Service Level at which you submitted the item. PSA’s determination that you have understated the Declared Value will affect only the Service Level charge, it will not change the Declared Value for purposes of establishing the maximum item value for claim or shipping insurance purposes.