Quote:
Originally Posted by steve B
It's not exactly how they spend their money, it's that they spend it on things that aren't what they're claimed to be.
Lets say a card in a 6 is 80, and in an 8 it's 200. Someone takes a 6, trims it and gets an 8... Then sells through a popular venue where possibly some of the bids aren't legit. And that fake 8 sells for 300. Hey... that just went up 50%... maybe now the 6s should be higher. Maybe not 50% higher, lets say instead of going to 120, it only goes to 100. Well, that's not so bad if I already own one, but that pricing is still a total sham.
If I don't already own one, someone just trimmed a card an potentially cost me and anyone else wanting a 6 an extra 20
Or, If I want a legit 8, and there's only say 20 of them, and nearly all have been trimmed to make fake 9s... I may not be able to buy it at all. Between two trimmers, there may be no legitimate 8s left.
Like it or not, it affects us all. And PSA is leading the parade of corruption and incompetence.
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I don't follow the logic. Assets follow the basic principle of supply and demand. Now, for example, let's say there is a specific high demand card where only 5 legitimate PSA 8s exist. That isn't many, and for high-rollers who really want one, the price, naturally, will be pretty high.
But then the Asset Doctors come along, and, using lower-graded or ungraded cards, produce another 5 PSA 8s. Now there are 10 in the market, which makes them half as scarce.
Doesn't it make sense that the price of an asset, all things being equal (same asset, same grade, same TPG) will be lower if 10 are in circulation, rather than 5?
I think PSA, their numeric grading, and their registry create demand that inflates prices. But what the Doctors are doing, creating more of those higher grade cards, must have a somewhat mitigating impact, assuming the age-old concept of supply-demand is valid (and it is.)