Quote:
Originally Posted by WhenItWasAHobby
I'm out already and have been for quite a while.
PSA will never redress the damages done unless a court orders them to do so. If the court-ordered redress is comprehensive, it will kill PSA either by financial liability or by industry reputation.
My best guess is that PSA will weasel their way out of comprehensive legal liability with a lot of bad press and card grading will go the way of Professional Wrestling. Some consumers will buy the cards out of blissful ignorance, while the more informed will make some twisted rationalization of indifference - basically because they can't help themselves.
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PSA cards will continue to sell because I don't think grading and authenticating are the most important things to their customers. What is most important to collectors is the liquidity the PSA label provides. Even if a card is trimmed or misgraded, if you buy it in a 5 holder you can sell it as a 5 every time. That label is the closest thing to a Good Housekeeping seal of approval, and we all know that a good story trumps facts.