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Obligatory Seinfeld or Simpsons video clip: Homer and Barney's tour of the Duff Beer beer is made, focus on the assembly line quality control starting at 1:45 |
Move Along This is A Non Issue Guys
As far as the other question that you had in regards to this investigation of the auction here in our industry, I can answer it very short and sweet. We don't believe that there is anything of a material nature for our company to be concerned with. Joseph J. Orlando, Collectors Universe, Inc. - CEO, President & Director [11] and this And we think that in the overall scheme of our business that some of this has been blown way out of proportion. But we are very confident in the services that we provide and very confident in the grading staff that we have, and so is the public and this Joseph J. Wallace, Collectors Universe, Inc. - CFO & SVP [43] So I think this whole trimming issue that we spent a lot of time talking about today is really something that we don't consider material to our business. And we'd probably just like to leave it at that in terms of any additional questions on the subject. Another Big Up Yours to Collectors :-( very sad state of affairs......the fun is being sucked out of this hobby |
I choose to not do business with PSA, and I am enjoying the hobby just fine.
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I cannot agree with this more. I had thought about taking part of the current group submission to PSA but in the end I felt I would be hypocritical for me to do such a thing as I just don't like PSA's business practices. THey are going to continue take our money without addressing any of our concerns so I will just choose to take my business elsewhere. |
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https://www.youtube.com/watch?v=yuBHak_S7bE that people would continue to feed an KNOWN fraud. It's really just a symptom of the human condition that people are so very stupid and trusting. Where is Bernie Madoff? I'd like to invest in his fine high paying fund. |
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Chuck It’s A Shame Very Sad!!
Most do not care about the Cards At All!!!! It’s all about making money they could care less about any of these Frauds. Until PSA slabs start bring far less money the crap won’t stop I think it’s only going to get worse. |
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The above does make sense, except for the demand side. If there are 5 or 10 in circulation doesn't matter much if there are 100 people that really want one and can afford it. The difference between 5 and 10 may make a few people decide it's too common, but unless that becomes a big difference, the demand still far exceeds supply. What I'm talking about is where that demand goes as the price increases. If 100 people can afford a card at a particular grade, and there are only 5 of them, at some point, the people who can afford it a bit less will either stop wanting the card, or will accept that they can only afford the card in a lower grade. When the difference is big enough, someone who was borderline able to afford it in one grade becomes a major force driving price at a lower grade. There are cards that I could afford when I started back in the late 70's, and back then I could have afforded a fairly nice one. Enter grading and registries and the hobby expanding (Not necessarily all bad things) And now I would have a difficult time justifying even buying one grade 1 or A. (Most major rookie cards from the 50's, and most prewar HOFers from any set. ) The high prices for the top examples drive up the price of all the others. And in some cases, the price of different cards from the same set. (T206, 52 Topps... Both are fairly common, but sell for more than cards from tougher sets from the same era. ) |
https://www.youtube.com/watch?v=g4louSPP3iE
This video asks the question "PSA: Incompetent or Complicit?" you know what I think. How about you? |
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There may be a third option other than "Incompetent or Complicit" and that may be "Indifference". I know PSA has been aware of this problem for quite a long time (at least 10 years based on my personal experience and more likely 12 years based on a reliable source who also confronted PSA) and best to my knowledge, nothing sufficient was done to fix the problem. It's become very obvious to me they have a business model where they put minimal effort into their service, put some effort into advertising and damage control, and consequently generate a lot of money and that's the bottom line. Everyone is happy: CU, CU stockholders, the card doctors and the hopelessly addicted competitive registry junkies. The one exception is the small minority of principled collectors that know about the problem and consequently sell their PSA cards and move on into some other hobby. |
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But if we only had a way to reach and inform the “Registry Whales” of their tainted cards, it could start to turn the tide. I know that some of them wouldn’t care to know (and only see the number on the flip). But I have to believe the majority WOULD care, if they only knew. And subsequent legal action would surely ensue. Perhaps if we ever figure out how to spread the word beyond these forums, we can finally begin to make a dent in the ever-increasing levels of corruption. Nothing will change at PSA unless their revenue stream begins to weaken. But as long as they’re raking in the cash, there is no motivation for them to change a thing. Shareholders before customers! |
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Would like to see this Scandal in the IBD or American Greed |
The card price in this link is a price example of my distaste for card grading companies. The Beckett Book Value of this card is $6.00. But Dean's Cards is selling it as if it is a PSA 8, and the card is not even graded.
https://www.ebay.com/itm/1969-Topps-...ss!38863!US!-1 |
Dean's Cards has ALWAYS sold cards significantly marked up from any book value, graded or not. He has been selling cards for a couple decades. I've never heard anything shady coming from his business, except that he's stubborn with his prices, which he has the right to be, for better or worse. Hell, if he hasn't been involved in any altering scandals, his mark ups might be worth knowing he doesn't sell altered cards.
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