PSA Buyback Grade Change

[metsandweezer]

Originally Posted by Asian62150

And the MLB dudes risked their millions and reputations for like $2500 and $7500 payouts. Crazy.

Bada Bing. Bada Boom.

[49ersSF]

Originally Posted by johnlocke36

So a company doing north of 100 million in revenue is going to commit wide scale fraud for $1500? Unless you think its like a rogue employee pulling this off, then that would be more possible/believable. But I seriouslt doubt there is any conspiracy to net 1k gains here and there

This is simply the first time they got caught. It would not be surprising if they have thousands of similar transactions that did not get caught. This hobby is as gullible as it gets, which is why fraudsters exploit it.

[KhalDrogo]

Originally Posted by 88horsepower

Forecasting a black swan event wasn't in the cards for literally anyone. Blaming Joe Orlando for that is displacing blame, at best.

That’s a pretty creative way of naming what happened to demand at PSA after California’s pandemic lockdowns ended.

[PuddleMonkey]

Originally Posted by JWBlue

People have left the hobby solely for this reason.

I obviously can't leave because I collect too hard but I do have to admit I'm enjoying the carnage from the sidelines as a non-graded card collector. Unfortunately the average card dude has the memory of a goldfish and this will all blow over shortly and things will go back to business as usual.

[SaveMeTheGum]

Originally Posted by MiamiMarlinsFan

All he would say is that you, or anyone else, including them, are allowed to crack cases and resubmit. Happens all the time. We hear stories on BO about sellers buying 9’s to crack and resub all the time.

Of course. Why pay PSA once to grade a card when you can pay them twice!

Originally Posted by Bob Ross

Dude is still active on ebay and as recently as a couple of weeks ago was on BO. He just chooses not to interact because he would get slaughtered and god forbid give any update to anything PSA related to the community:



Here is his recent ebay feedback given as you can see a ton from the last month and from big name sellers:





Who knows what he's doing with all of these big cards from MC.

I wonder how many PSA and BGS and SGC 9's he buys that turn into PSA 10's...

[fmlongo]

How what they are doing in that video isn't illegal is beyond me.

I sent in a Jesus Made Bowman Chrome auto to be graded and there were no surface marks on it when I sent it. The grade came back as an 8 with clear surface marks that weren't there when I sent it.

[Bob Ross]

Originally Posted by SaveMeTheGum

Of course. Why pay PSA once to grade a card when you can pay them twice!




I wonder how many PSA and BGS and SGC 9's he buys that turn into PSA 10's...

Exactly.

[auburn35]

Originally Posted by SaveMeTheGum

Of course. Why pay PSA once to grade a card when you can pay them twice!




I wonder how many PSA and BGS and SGC 9's he buys that turn into PSA 10's...

There are several fun stories on this very topic. One recent example (partially confirmed) would be really interesting to see made public.

[MiamiMarlinsFan]

Originally Posted by auburn35

There are several fun stories on this very topic. One recent example (partially confirmed) would be really interesting to see made public.

What’s stopping you? Make it public!

[yoyosh]

Originally Posted by auburn35

There are several fun stories on this very topic. One recent example (partially confirmed) would be really interesting to see made public.

Whats the point of this post?
Either name names or resist the urge to click "submit reply"

[hermanotarjeta]

I hope this situation really softens the prices on PSA 10’s.

[Bob Ross]

Originally Posted by SaveMeTheGum

I wonder how many PSA and BGS and SGC 9's he buys that turn into PSA 10's...

Originally Posted by Bob Ross

Exactly.

Originally Posted by Bob Ross

Dude is still active on ebay and as recently as a couple of weeks ago was on BO. He just chooses not to interact because he would get slaughtered and god forbid give any update to anything PSA related to the community:

Here is his recent ebay feedback given as you can see a ton from the last month and from big name sellers:

Who knows what he's doing with all of these big cards from MC.

Originally Posted by auburn35

There are several fun stories on this very topic. One recent example (partially confirmed) would be really interesting to see made public.

Ok, I dug a little more into PSA owner's ebay account (again, Nat Turner). It's Sunday pre kickoff and I had 5 minutes to waste.

In the last month he has left MC_SPORTSCARDS feedback 84 times.

What's even cooler, the OWNER of PSA has left feedback 34 times for the PSA ebay account in the last month alone. 34 purchases from the PSA ebay account from the PSA owner in the last month. And for fun, I took a look at the last year. 348 times feedback was left for the PSA ebay account from the PSA owner.

[StlBen]

Originally Posted by hermanotarjeta

I hope this situation really softens the prices on PSA 10’s.

It won't

[hermanotarjeta]

Originally Posted by StlBen

It won't

Sincerely,

Can’t take a loss bros caught in the Ponzi scheme

[hermanotarjeta]

Can graded cards still be considered legitimate investment assets if something like this happens?

Or are people finally realizing they’re “investing” in the drug trade?

[oldgoldy97]

Let’s see what the AG’s office thinks about this. Fraud, waste and abuse is the flavor of the day.

[auburn35]

Originally Posted by MiamiMarlinsFan

What’s stopping you? Make it public!

Originally Posted by yoyosh

Whats the point of this post?
Either name names or resist the urge to click "submit reply"

I don't have specifics to share (still researching), but the unconfirmed story matches with the post I quoted.

There are already other well documented examples, if you need names.

https://www.blowoutforums.com/showpo...97&postcount=9

[SaveMeTheGum]

Originally Posted by hermanotarjeta

Can graded cards still be considered legitimate investment assets if something like this happens?

Or are people finally realizing they’re “investing” in the drug trade?

At the end of the day, the value is in the actual card. But if you can't trust graded, how can you trust raw. There has to be some way to determine condition beyond the eye test. Maybe something better will come around with AI so that grading is not compromised by human flaws and greed.

Though I'm guessing if something like that comes out, PSA will buy it and kill it like the oil companies did with experimental carburetors in the 70's or electric cards in 80s/90s.

[MiamiMarlinsFan]

Originally Posted by auburn35

I don't have specifics to share (still researching), but the unconfirmed story matches with the post I quoted.

There are already other well documented examples, if you need names.

https://www.blowoutforums.com/showpo...97&postcount=9

No specifics of an unconfirmed story.

Awesome.

I’m sure it’ll topple the Fanatics Empire.

[hermanotarjeta]

Originally Posted by SaveMeTheGum

At the end of the day, the value is in the actual card. But if you can't trust graded, how can you trust raw. There has to be some way to determine condition beyond the eye test. Maybe something better will come around with AI so that grading is not compromised by human flaws and greed.

Though I'm guessing if something like that comes out, PSA will buy it and kill it like the oil companies did with experimental carburetors in the 70's or electric cards in 80s/90s.

You would hope “market value” has already factored this into pricing.

However, the reality is investor boi neckbeards have not.

[Badger Ben]

Originally Posted by PuddleMonkey

I obviously can't leave because I collect too hard but I do have to admit I'm enjoying the carnage from the sidelines as a non-graded card collector. Unfortunately the average card dude has the memory of a goldfish and this will all blow over shortly and things will go back to business as usual.

Just last week the Probstien Snype scandal was the hip topic. PSA said hold my beer…..What will it be next week?

[MiamiMarlinsFan]

Originally Posted by Badger Ben

Just last week the Probstien Snype scandal was the hip topic. PSA said hold my beer…..What will it be next week?

Personally, I think the Snype debacle/info leak was worse, but yes, both are bad.

[yoyosh]

Originally Posted by MiamiMarlinsFan

Personally, I think the Snype debacle/info leak was worse, but yes, both are bad.

As a buyer and sometimes seller of cards I can EASILY avoid Snype.
As a buyer and sometimes seller of cards I (unfortunately) cannot avoid PSA.

I just wish Darren Rovells joke of a company (or any mainstream media company) provided any actual hobby journalism. Instead they’re all on PSA/Fanatics payrolls

[boxbuster7]

Darren Rovell was a joke before he joined the hobby. Dude is corny.

[MiamiMarlinsFan]

Originally Posted by yoyosh

As a buyer and sometimes seller of cards I can EASILY avoid Snype.
As a buyer and sometimes seller of cards I (unfortunately) cannot avoid PSA.

I just wish Darren Rovells joke of a company (or any mainstream media company) provided any actual hobby journalism. Instead they’re all on PSA/Fanatics payrolls

True, and I avoid Snype/Probstein as well.

The conflict of interest angle is definitely troubling, but I guess I’ve just trained myself over the years to not take grading/PSA too seriously. When we’re talking about a card that’s on the 9/10 border, it’s always been subjective and it’s just been the opinion of the person who was grading it day. I definitely don’t plan on selling any 9’s to PSA, that’s for sure.