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Old 08-13-2019, 02:19 PM
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ben tay/lor
 
Join Date: Sep 2017
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Quote:
Originally Posted by perezfan View Post
I could be mistaken, but didn't PSA claim to have $700K in reserves for their potential "Guarantee" payout?

If that figure is correct, this one card would wipe out 71.4% of their total reserves. Not that they'd ever actually pay out, but that would be a hoot, if it happened.
If PSA reexamines it and determines "the card can no longer receive a numerical grade under PSA's standards" it guarantees to "buy the card from the submitter at the current market value." I think determining that value is going to involve a judge.
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