[Exhibitman]

The guarantee is BS. Bill Mastro admitted in court that he trimmed the PSA 8 Wagner and went to jail for it, yet it is the crown jewel in the PSA crown. If that doesn't get a card de-certified, nothing will. When it was public, PSA had to disclose its reserves for bad grades and the numbers were laughably low as compared to the potential liability for just the one card. And it is so, so unbiased to have the person accused of missing the grade also be the one who reviews the work. Yeah, I wish I could get that deal for my work.

The thing PSA counts on is that challenging its decision requires a lawsuit and most cards are not worth paying a lawyer to fight over. Plus, if you were to sue, you'd need to present either eyewitness testimony from the card doctor or expert testimony to debunk PSA's opinion. As to the former, good luck with that. Mastro admitted what he'd done as part of an allocution designed to get him less time in the can. Otherwise, he'd never have said a word. As to the latter, you end up having what lawyers call a 'whore fight" between experts and the only certainty of that is expenses.

The more interesting question, unfortunately, is what to do, assuming that the card no longer is desired. PSA says the card is good. Do you accept that decision and sell it as is? Sell it with a recitation of what happened? Not sell it? I don't know the answer, fortunately.