Quote:
Originally Posted by Mdmtx
I actually believe the trimming/alterations could be a major factor in the price escalation. Suppose the trimmer is buying a psa 4 card that he is pretty confidant that he can make a psa 6, will he care what VCP says the value of the 4 is? I doubt it. It becomes a matter of his business model that he win that particular card. I will admit I haven’t looked to see how the prices paid for the pre-altered cards compared to the then market price of the card. My gut tells me they purchased for whatever it took within reason.
Mark
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Mark, this is a very interesting point, namely that card doctors are pushing prices bc they are buying cards at high prices thinking they can crack, alter, submit and achieve higher grades which will bring even still higher prices.
For example,
Dr. A sees a great looking 33 Goudey Ruth in a PSA 4 flip. According to VCP, the card is worth approximately $Y. Dr. A feels he could take that PSA 4, crack it, remove a few stains and straighten up one border and get a PSA 6-7, which will make the card worth 4 x $Y. So, Dr. A is willing to 1.5 x VCP pricing on the PSA 4, thereby forever changing the value of a PSA 4 Goudey Ruth.
I am sure this happens. Mark, thanks for providing an angle I have not thought of -- nice to read something new.
Ryan