PSA's active grading backlog is 6.8 million units, according to its 3 November tracker update, down from 7.2 million on 20 October.

That is a drop of 400,000 in two weeks. The previous update showed a drop of one million over the same span. PSA gave the reason itself: daily output held steady, but "the backlog reduced more slowly this period due to increased submissions following the opening of Value." Value reopened on 29 October at $39.99.
PSA repeated that every existing order stays ahead of new Value submissions. It said keeping up this pace will put it in a position to "evaluate reopening Value Bulk in the coming months." PSA's stated target for that remains a backlog of 5 million units, 1.8 million below today's figure.
What it means if you submit
- **Already at PSA:** nothing changes. Your order keeps its place.
- **New Value order:** it joins the back of a 6.8 million-card queue. PSA's estimate is 90 to 100 business days.
- **Value Bulk:** still closed, with no date. The next tracker update is due in two weeks.
What we checked
Every fact in this piece, and how to check it yourself.
3 checks · repeat them yourself
- PSA Backlog Tracker, 3 November update
- 6.8M from 7.2M; output steady; slower drop due to submissions after Value opened; existing orders prioritised; evaluate Value Bulk in coming months
- PSA Backlog Tracker, 20 October and 2 June updates
- 7.2M down a million from 8.2M; 5M target
- Sports Illustrated, 28 October
- Value opens 29 October, $39.99, 90-100 business days

