SGC president Peter Steinberg has resigned from his role amid plans for the card grader to scale down operations from a major authenticator to a "boutique" brand.
Steinberg announced his resignation in a post to social media Thursday morning.
“Effective immediately, I have made the difficult decision to resign from my position at SGC,” Steinberg wrote on SGC’s X account. “As you can imagine, this decision was not made lightly, as my time as SGC has been the most rewarding chapter of my life.
“However, I feel that now is the right time, and I have full confidence in our outstanding team moving forward."
News of Steinberg’s resignation comes alongside new plans for the company described by PSA president Ryan Hoge in an interview with Rob DeMay on the NEO Cards and Comics YouTube channel.
SGC was acquired by PSA parent company Collectors in February 2024. At the time of the acquisition, SGC and PSA planned to continue operating as separate brands with some shared resources.
According to Hoge, SGC struggled to scale following the acquisition without a significant amount of investment in capital and technology. Collectors and PSA, following the acquisition by now-CEO Nat Turner and his investment group in 2021, received millions in capital to expand operations.
That investment helped scale the business, according to Hoge, from grading roughly 15,000 to 18,000 cards per day to closer to 80,000.
“Both Peter and I agreed it did not make sense for us to duplicate that investment to have another mega-scale card grading brand,” Hoge said. “SGC is awesome, but SGC is awesome at what they do, including vintage, including affordable, fast grading. And we want to keep that at the ethos and the core of what SGC is going forward.
“We decided we want to right-size it. Shrink it a little bit, have it go back to the pre-insanity of the COVID spike levels. Maybe back to the 2017, 2018, 2019 levels of SGC and position it more as kind of a boutique grading brand that’s still there to serve customers for both modern and vintage.”
According to third-party grading tracker GemRate, PSA graded 8.89 million items in the first six months of 2025 for an increase of 18% year-over-year. SGC graded roughly 962,000 items over that same timeframe for a 3% increase year-over-year.
Hoge told DeMay discussions on SGC’s future began earlier this year, and the transition has been a work in progress for months.
According to Hoge, a significant amount of SGC’s staff will shift to work with PSA. The company will also utilize SGC’s Boca Raton, Florida, location to help supplement PSA’s grading efforts.
Ben Burrows is a reporter and editor for cllct, the premier company for collectible culture. He was previously the Collectibles Editor at Sports Illustrated. You can follow him on X and Instagram @benmburrows.