I think traditional logic is that people sell trading cards/memorabilia at a loss during recessions to get liquid assets.
PWCC probably has the research done on it; look for some of their studies.
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PWCC: The Fish Stinks From the Head
PSA: Regularly Get Cheated
BGS: Can't detect trimming on modern
SGC: Closed auto authentication business
JSA: Approved same T206 Autos before SGC
Oh, what a difference a year makes.
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