Great angle to proceed with, David. I like the way you are thinking.
I'd like to propose an alternative. First, let me say I have no skin in the registry, nor do I have six figures to buy the best of the best. Just an alternate theory:
What if, by exposing the altered cards, it actually increases the value of the remaining cards?
Now, this theory assumes the remaining graded cards are indeed unaltered and legitimate.
Let's assume there are 15 PSA 9's of a certain card, and using your values they are "worth" $1000. Now 7 of them are deemed altered, and they are removed. They are now "worth" $30, but further, by definition they are not PSA 9's. Therefore the value of a PSA 9 remains the same, and all altered cards continue to be worth $30.
Finally, there are now only 8 PSA 9's of this particular card. Does that now mean the PSA 9's are actually worth more, because there is less supply of them?
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