PSA/Goldin affiliation

[squelch]

This summer I submitted about 60 cards to PSA at the Atlantic City National Sports Collectors Convention.

Today I received word from PSA that my cards are soon to be graded and that I am advised to have PSA ship them to the Goldin Auctions Vault as soon as they are graded.

Would this not be akin to the FDA owning a pharmaceutical company?

The first thing that went through my mind is that my decision to act on their request, which they made BEFORE they graded my cards, would or certainly could influence the grades of my cards.

I would also point out that JSA who authenticate signatures now run their own auctions.

I have 0 evidence suggesting either of the 2 companies have acted with impropriety. Still, these mergers/acquisitions are detrimental to the hobby. Abuse of trust can easily happen. No grader or authenticator should be allowed to sell the products whose legitimacy they determine.

[BobC]

Originally Posted by squelch

This summer I submitted about 60 cards to PSA at the Atlantic City National Sports Collectors Convention.

Today I received word from PSA that my cards are soon to be graded and that I am advised to have PSA ship them to the Goldin Auctions Vault as soon as they are graded.

Would this not be akin to the FDA owning a pharmaceutical company?

The first thing that went through my mind is that my decision to act on their request, which they made BEFORE they graded my cards, would or certainly could influence the grades of my cards.

I would also point out that JSA who authenticate signatures now run their own auctions.

I have 0 evidence suggesting either of the 2 companies have acted with impropriety. Still, these mergers/acquisitions are detrimental to the hobby. Abuse of trust can easily happen. No grader or authenticator should be allowed to sell the products whose legitimacy they determine.

+1,000,000,000,000,000,000,000,000................ ...................................

Have said all along that for TPGs to be truly honest and doing the job they are supposed to be doing, they need to be completely open, transparent, and totally independent of any and all bias and conflicts-of-interest in both fact AND appearance. And they also need to be subject to some outside oversight and control as to their standards and the consistency to which they follow and apply them.

[rand1com]

Originally Posted by squelch

This summer I submitted about 60 cards to PSA at the Atlantic City National Sports Collectors Convention.

Today I received word from PSA that my cards are soon to be graded and that I am advised to have PSA ship them to the Goldin Auctions Vault as soon as they are graded.

Would this not be akin to the FDA owning a pharmaceutical company?

The first thing that went through my mind is that my decision to act on their request, which they made BEFORE they graded my cards, would or certainly could influence the grades of my cards.

I would also point out that JSA who authenticate signatures now run their own auctions.

I have 0 evidence suggesting either of the 2 companies have acted with impropriety. Still, these mergers/acquisitions are detrimental to the hobby. Abuse of trust can easily happen. No grader or authenticator should be allowed to sell the products whose legitimacy they determine.

Please point me to a JSA run auction. I do not believe they are running their own auctions. They may send out emails featuring other auction houses which may use them for authentication but that is different from them running their own auctions.

[Johnny630]

What if you want to collect and actually possess your own cards ? I’m sure you can have them sent to your house instead, just ask them.

The industry seems to be moving towards brokerage account buying and selling rather then Collecting. It’s a.. good I guess just not my cup of tea.

I’m sure PSA will gladly send you your cards instead of to Goldin Vault :-)

[raulus]

Originally Posted by Johnny630

What if you want to collect and actually posses your own cards ? I’m sure you can have them sent to your house instead, just ask them.

The industry seems to be moving towards brokerage account buying and selling rather then Collecting. It’s a.. good I guess just not my cup of tea.

I’m sure PSA will gladly send you your cards instead of to Goldin Vault :-)

Free shipping if you send them to the Goldin vault!!!

And not free shipping to ship them to you.

[Peter_Spaeth]

There is way too much outright fraud for me to get worked up about a well disclosed potential conflict of interest. IF Goldin Auctions has an inside track on favorable grading, and I say if, they are far from the only ones.

[sb1]

It is a blanket email sent to anyone that has submissions set to be finalized and shipped back to submitters. They are encouraging the submitter to instead submit them to their Vault. I received one as well, as I have two submissions at PSA about to finally be done and returned. My default address is still where they are going, you have to manually change to the Vault for the newly graded cards go to them.

I highly doubt they know the grades, and if they did they damn sure would not have emailed me, as mine are all mid-grade non-sports under the $199 level.