Do you think the get the irony?

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Posted By: David 

http://psacard.com/articles/article_view.chtml?artid=4161&universeid=314

what do you win if you get the grade right on a card that they got wrong. i think it is pretty funny that a company that gets things right about half the time is going to judge people on how well they can grade

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Posted By: steve k

PSA also has the audacity to charge people an entry fee of $50 to participate in what is basically a publicity stunt for them.

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Posted By: andy becker

....you're going to guess at what some numnut had already graded a card??? and this is a contest??? would the winner then have bragging rights:)?

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Posted By: Gary B.

It's kind of like a raffle or legalized gambling - you pay $50 with the hope of winning the pot, except in this case it's not left to pure chance, your skill will determine your chances. Still, $50? Is PSA financially hurting that they need to charge someone $50 to enter? They not only get tons of free publicity, but they also get the entire contest paid for by the contestants, and that's only if there are 50 contestants participating. If they allow more than 50 people enter, they actually turn a profit! I wonder what marketing wizard came up with this one - jeez...

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Posted By: jay behrens

The truely sad thing is that they think their grading is gospel. What if a card they have in the contest is deemed 8 by their graders and yet everyone in the contest grades it a 7 or lower? Are they going to change the grade on the card? If the 30 cards in 15 minutes is indicative of have much attention a card actualy gets at PSA, this gives me even less confidence than I have now with their ability to grade to cards properly.

Jay

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Posted By: warshawlaw

when I first went into practice I had a spot with a lawyer referral service promoted by a local news legal affairs reporter that charged a fee to participate, unlike other services that charged a % of the fees I received. A few months into it, the service called me offering me a chance for $50 to have my promotional literature distributed at some big legal clinic they were holding. Two of the filthiest, sleaziest persons showed up at my business to collect the fee and the flyers. A month later I received a bankruptcy notice from the service. I have little doubt that my flyers were part of a desperate effort to hold off the dogs by raising some quick cash from the customer base.

I'm not saying PSA is circling the drain like that, but you have to wonder when you see stuff like this...

May be they are looking for new grading talent

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Posted By: Gary B.

I know for a fact they are having problems with their grading system. Look at any ebay auction featuring a PSA graded card as the proof. Almost EVERY SINGLE CARD is graded too low. Just ask all the people selling on ebay, they'll tell you.

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Posted By: steve k

Actually the stock price of Collectors Universe, the parent company of PSA, has soared in the past two years. I agree that their products could be better, but their balance sheet is quite healthy and they are making a ton of money. They ain't going out of business anytime soon.

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Posted By: Tom

The reason PSA cards are selling low and will continue is Collector Universe/PSA attitude in not answering inquires, questions and comments with there customers. There has been so many complaints that the Better Business Bureau has rated both company unsatifactory. If you do not believe me look up both companies under the BBB report. That alone should send up a RED FLAG to any buyer of there cards.

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Posted By: jay behrens

It should also send up a red flag to it's investors and anyone thinking of investing in them.

And just so none has to go look up the BBB report, here it is:

Here is the response from the California Attorney General's office and the attached BBB report on the company Professional Sports Authenticator:

Better Business Bureau Report:
Based on BBB files, this company has an unsatisfactory record with the Bureau. An unsatisfactory record is given when a pattern in the company's customer complaints causes us concern, when the company does not respond to complaints, or when it will not substantiate its advertising claims.

In this case, our complaint history for this company shows a pattern of unanswered and unresolved customer complaints. In thosecases where the company has responded to the complaints brought to its attention by the Bureau, some remain unresolved because it appears that the company did not give adequate consideration to the customer's side of the dispute.

A BBB report is based on our file information and experience with an individual company over the past three years.


Jay

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Posted By: Jason

I think that they are desperately looking for a new head grader! Maybe it should hit CBS as a new reality show. Orlando could then get to fire everyone off.