Is Waite Hoyt [Hand Cut] #8 worth grading?

Baseball · Baseball Cards 1923 W515 1 · full price guide →

Worth grading — even a PSA 9 beats raw

A Grade 9.5 Waite Hoyt [Hand Cut] #8 sells for $605 against $63.50 raw: a $542 spread, 9.5× the ungraded price. Even a PSA 9 ($550) clears the raw price after an economy-tier ~$25 fee, so a near-miss still comes out ahead. Centering is the usual reason a clean copy misses the 10 — measure it before you submit.

Raw (NM): $63.50
Grade 9.5: $605
PSA 9: $550
Gem premium: 9.5×
As of: Sep 4, 2026

Break-even by outcome and fee

Waite Hoyt [Hand Cut] #8: net result of grading versus selling raw, by outcome and fee tier
If it comes back…	Sells for	Economy / bulk (~$25.00)	Standard (~$50.00)	Express (~$150)
Gem — Grade 9.5	$605	+$517	+$492	+$392
PSA 9	$550	+$462	+$437	+$337

Net = sale price − $63.50 raw value − fee. Fee tiers are illustrative; plug your grader's current price into the calculator below.

Expected value — how often does it need to gem?

Waite Hoyt [Hand Cut] #8: expected value of submitting by gem probability
Chance it gems	Expected sale	Expected net (standard fee)
25%	$564	+$450
50%	$578	+$464
75%	$591	+$478

Even a miss (a 9) beats selling raw after the standard fee — the gem rate only decides how much you win by.

Full grade ladder

Raw conditions & history →

Waite Hoyt [Hand Cut] #8 graded prices by company and grade
Grade	Graded
9.5	$605
9	$550

Run your own numbers

Should I pay this?

Asking priceGrading fee

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