Is low grade unaltered the new king ?

[h2oya311]

Originally Posted by glchen

The new king will be absolute rarity. It won't matter too much if a card is altered if there are only three total known.

this has mostly been my mantra...rarity trumps condition. But of course, I've gotten suckered into the "condition matters" for some of my post-war collecting interests.

I'm hoping this is the trend, but I think, for the most part, everyone is going to take a hit due to this scandal, even the low-grade collectors. The good will get tossed in with the bad and the low-condition cards will take a hit. I do think the ridiculous spread between a graded 6 and 10 will likely narrow considerably!

[JeremyW]

Originally Posted by h2oya311

this has mostly been my mantra...rarity trumps condition. But of course, I've gotten suckered into the "condition matters" for some of my post-war collecting interests.

I'm hoping this is the trend, but I think, for the most part, everyone is going to take a hit due to this scandal, even the low-grade collectors. The good will get tossed in with the bad and the low-condition cards will take a hit. I do think the ridiculous spread between a graded 6 and 10 will likely narrow considerably!

Low grade cards are not exempt from the tampering, unfortunately.

[brianp-beme]

Originally Posted by JeremyW

Low grade cards are not exempt from the tampering, unfortunately.

A substantial amount of cards I own have been tampered with...by some kid in the first few decades of the 1900's. Of course they thought, silly little boys and the occasional girl, that they were improving the original with their juvenile scribbles and scissoring.

Brian

[conor912]

You can keep your trimmed, altered and restored 10's. I'll take a real battle scarred 2 any day.

[mouschi]

Originally Posted by conor912

You can keep your trimmed, altered and restored 10's. I'll take a real battle scarred 2 any day.

Real battle scarred 2 - I love it!

[h2oya311]

Originally Posted by JeremyW

Low grade cards are not exempt from the tampering, unfortunately.

good point! But I think the "game" is much more impactful to the higher end of the grading scale based on my observations of what one pays for a "6" vs. a "9" or "10".

Interestingly, if/when PSA pays out for any of these altered cards, you'll notice that PSA A's of some cards sell for prices akin to those in the PSA 5/6 range due to their perceived sharpness and superior condition compared to those with creases and punch-holes. I wonder if they'll point to those sales to figure out the amount owed (the price differential) due to their "guarantee".

Also, I wonder if PSA will just credit people's accounts for the amounts owed instead of paying in cash to limit the up-front damage. I'm regretting my decision years ago to do just that when I was given a larger amount of PSA "store credit" vs. taking the refund in cash when I had a counterfeit card that had been encapsulated by PSA and they took it back upon review. I still haven't used those funds. Yikes!

[JeremyW]

Originally Posted by h2oya311

good point! But I think the "game" is much more impactful to the higher end of the grading scale based on my observations of what one pays for a "6" vs. a "9" or "10".

Interestingly, if/when PSA pays out for any of these altered cards, you'll notice that PSA A's of some cards sell for prices akin to those in the PSA 5/6 range due to their perceived sharpness and superior condition compared to those with creases and punch-holes. I wonder if they'll point to those sales to figure out the amount owed (the price differential) due to their "guarantee".

Also, I wonder if PSA will just credit people's accounts for the amounts owed instead of paying in cash to limit the up-front damage. I'm regretting my decision years ago to do just that when I was given a larger amount of PSA "store credit" vs. taking the refund in cash when I had a counterfeit card that had been encapsulated by PSA and they took it back upon review. I still haven't used those funds. Yikes!

I wouldn't count on PSA or PWCC paying out anything.