November '25 Grading Recap

Published December 1, 2025
  • Overall grading activity was ⬇ 17% in November compared to October and ⬆ 35% YoY.
  • On a per business day basis, grading activity was ⬆ 1% compared to October.
  • Grading activity totaled 2.23 million cards in November, down ~470k compared to October.
    • PSA graded 1.66m cards - ⬇ 16% vs October, ⬆ 31% YoY.
    • CGC graded 425k cards - ⬇ 20% vs October, ⬆ 95% YoY.
    • Beckett graded 74k cards - ⬇ 21% vs October, ⬆ 116% YoY.
    • TAG graded 39k cards - ⬇ 22% vs October, ⬆ 203% YoY.
    • SGC graded 35k cards - ⬇ 30% vs October, ⬇ 72% YoY.
November Grading Summary
November Grading Summary - Sports
November Grading Summary - TCG+
Items Graded - by Month
Items Graded - by Month - Excluding PSA
Category Comparison
TCG Cards Graded at PSA
Items Graded by Era
Gem Rate Breakdown by Era

November 2025 PSA Grading Recap

  • PSA graded 1,660,137 items during November; total output decreased by 16% vs October and was up 31% year-over-year.

Category Summary

All categories were down compared to October

  • TCG was 61% of cards graded in November (vs 62% in October and 52% in August).

Set Summary - Sports & Other

2024 Select football holds onto the top spot

Set Summary - TCG+

2025 Japanese promo expands its lead

Player Summary - Sports & Other

Michael Jordan retains his top spot

Subject Summary - TCG

Pikachu activity remains extremely elevated

Card Summary - Sports & Other

Cooper Flagg holds the top two spots

Card Summary - TCG

The new Japanese Pikachu promo activity remains extremely elevated

What's Next for PSA?

  • If not for fewer business days, PSA's grading volume in November would have looked very similar to October.
  • That said, PSA continues to manage high demand even as it expands its operations. Turnaround times increased modestly in November, and there are no indications of meaningful holiday specials on the horizon.
  • With one month remaining in 2025, PSA has made a number of improvements across the collector experience; however, collectors who prioritize pricing and turnaround times may end the year feeling frustrated.
  • Looking ahead, 2026 is shaping up to be another exercise in threading the needle between continued expansion and maintaining the support of its core base.

Other Graders - SGC

Category Summary

Set Summary

Player (& Subject) Summary

Card Summary

What's Next for SGC?

  • SGC’s grading activity declined more than its peers in November, with vintage baseball representing the bulk of its current volume. This dynamic appears likely to remain in place for the foreseeable future.

Other Graders - CGC

Category Summary

What's Next for CGC?

  • CGC’s sports activity pulled back in November, while TCG momentum remained strong. As we close the year, continued experimentation with promotions and partnerships has helped position CGC with meaningful hobby momentum.

Other Charts - Beckett

Category Summary

Card Summary - Sports

Card Summary - TCG

What's Next for Beckett?

  • Beckett’s momentum remained strong exiting November. However, some nuance is needed when interpreting the results, as a portion of October’s grading activity was reflected in November’s pop report updates. This timing shift means an already strong October was slightly understated and November somewhat overstated.
  • That said, while 2025 results are encouraging, Beckett will need to further build on this progress to keep momentum moving in the right direction.

Other Charts - TAG

Category Summary