Class action suit filed against PSA, PWCC and Probstein

[MULLINS5]

Originally Posted by rats60

it’s the modern sports card market that’s primarily responsible for unprecedented levels of submissions and revenue.

“This rejuvenated segment of the market is more robust that at any point in our company’s history as younger generations of collectors are becoming more active,” Orlando stated. “In fact, around 80% of our approximately one million count backlog are of the modern variety at PSA and the vast majority of that 80% are sports cards.”

https://www.beckett.com/grading/guranteed

With that said, the number of cards Beckett is receiving daily has begun to eclipse the volume our staff can properly handle with strict guarantees in place. From invoicing, to card identification, to grading, to shipping…..cards are coming in at a rate never seen in our history.

This is the generation who are OK with altered cards receiving a numerical grade.

[cardsagain74]

Originally Posted by MULLINS5

This is the generation who are OK with altered cards receiving a numerical grade.

Don't do the whole "younger generations are always worse" thing about this. There are tons of people regularly still paying full retail for pwcc/prob high end PSA grade 8-9 cards of post-war vintage HOFers that could easily be altered, and you know it's usually not going to be some 22 year old paying 1500 bucks for some grade 9 Hank Aaron from the late '60s.

Plenty of people of all ages are accountable for continuing to keep the grading companies (and the auction houses who have helped them) flush with $

[HRBAKER]

"If you or a loved one has purchased a card graded by any of these companies from any of these sellers, you may be entitled to compensation. Please call our offices."

[Fred]

Are we taking odds here? If so, what's the odds that anything will be done about this? Even money? Or is that a bit too high on the odds?

How about the following bet - what will be the odds that after this blows over, things will be "business as usual" again? I'm putting 1/5 odds on that.

For me, I don't buy into the high grade bull shit. I'm just as happy with a lower grade card of the player than having a "9" or "10". Don't get me wrong, I can appreciate a nice looking card but with all the crap that goes on in this hobby, I wouldn't pay "bank" for any of those cards in slabs.

[Stampsfan]

Originally Posted by HRBAKER

"If you or a loved one has purchased a card graded by any of these companies from any of these sellers, you may be entitled to compensation. Please call our offices."

That's probably a lot of people.

[MULLINS5]

Originally Posted by cardsagain74

Don't do the whole "younger generations are always worse" thing about this.

Nowadays when someone opens a pack, and there's a dinged card, they can send it back and have the company make them a new one.

That's not a pack pulled card anymore. It's manufactured to be in mint condition.

I do believe future generations of collectors will be OK with trimming, cleaning, color touch, etc. At the rate we're at, they really have no other choice.