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"If PSA, in fact, concludes that the card in question no longer merits the PSA grade assigned or fails PSA’s authenticity standards, PSA will either:... "
Isn't this really their 'out' here? The card could easily be deemed authentic (or not), but PSA still could 'conclude' it 'merits' the grade given, right? :rolleyes: |
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1. That [Defendant] made a material representation (that the card met the requirements necessary to receive the assigned grade); 2. That it was false (that the grade is inaccurate due to alterations); 3. That [Defendant] made it when [he/she] knew it was false, or made it as a positive assertion recklessly, without any knowledge of its truth (that during the grading process, the grader should have or did have information indicating that the assigned grade was incorrect); 4. That [Defendant] made it with the intention that it should be acted upon by [Plaintiff] (by far the most problematic element IMO, although intent can sometimes be inferred from the circumstances surrounding the transaction); 5. That [Plaintiff] acted in reliance upon it (they purchased the card for the going price in reliance upon the assigned grade); and 6. That [Plaintiff] thereby suffered injury (because the condition of the card was not that portrayed by the assigned grade, the purchaser lost money). That might possibly work against the grader, assuming you can satisfy the discovery rule for statute of limitations purposes. It would admittedly be difficult. At least here, the discovery rule doesn't generally apply to contract actions so you would likely be out of luck on a contract claim after the statute ran. A fraud/deceit claim is probably not great against a buyer who then resells it, since the knowing/reckless element will almost never be there. I would guess that's more a breach of contract/warranty issue, with that seller then having a potential indemnity claim against whoever he/she/it got the card from back up the line, subject to any applicable SOL. Yes, what a mess. |
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In the matter at hand, it has been alleged the person who actually graded the card knew it was trimmed and expressed such. Whether that is true and if it is can be revealed during discovery, that is another question. If though that can be established, then the action for fraud would seem to be viable -- except though for the SOL problem, as the allegations the card was trimmed and PSA always knew that have been out there for a long time. |
I don't think most juries understand or even care about the distinction between preponderance of the evidence and clear and convincing evidence. I've tried some cases with two or three discrete claims (breach of contract, bad faith and fraud), lost some or all of the claims which only required a preponderance, yet still won the fraud claim under a clear and convincing standard. Go figure.
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It doesn't feel like a fraud claim to me. It feels more like a warranty claim. I think it would be impossible to prove that PSA graded the Wagner card or any other card intending to harm some unidentified buyer somewhere down the line. The much more straightforward claim is that PSA made an express warranty that its grade was correct, intending subsequent buyers to rely on it if that's even important, and if you can prove it wasn't an accurate grade, that seems a breach of that warranty.
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As for statue of limitations applying to PSA's warranty, they do not have a time limit set in their warranty for such claims. So in a court of law would statute of limitations even be a defense?
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I would think, if that is indeed what is happening, PSA may even be able to go after them (in addition to banning them from submitting as per PSA's terms. |
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Regardless of the term used, and i agree with both of you, I don't know why this doesn't seem to have been more a focal point of discussion concerning the Wagner card. If I am correct on my facts, the card was never better than an AUTH.
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I think it's easier for people to get their heads around it being a simple trim, than the odd distinction of having been cut twice after leaving the factory.
There may also be a small bit of selective ignoring. I don't like to consider whether it was a complete sheet, or only a portion, and what was lost in the cutting. I do sometimes, but I can see someone else simply refusing the concept to avoid considering it. I do hope that someone somewhere along the line took a picture of the uncut sheet/fragment and that it will someday turn up. Alternately, learning that it was a scrap sheet brought home or found in ALCs trash and cut by some kid at the time would be nice. |
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From what I heard, there were other cards Ray had besides Plank and Wagner that presumably came from the same sheet. I have never heard of the existence of an image of the sheet before it was cut. There is a photocopy of the Wagner card as it looked when Ray sold it. I had a copy but when I last looked couldn't find it. I don't recall it being grainy, and I clearly recall a bow shape on I believe was the right border that is no longer there. So unless someone is to argue that image depicts a different card (which would not be a credible argument), IMO the card can conclusively be determined to have been trimmed. Then one can add to this evidence the admission by the trimmer, as well as borders that have the physical characteristics of a trimmed card.
As I said earlier, the fact that that is the cover card of the hobby and is listed in the registry as an 8 Wagner says all one needs to say about the real world of this hobby, as well as the notion that a high number grade on a tobacco or similar vintage card can be relied on to bear any correlation to the true condition of the card. I will add, and this is from the perspective of a person who attended card shows in the late 60s and early 70s, that I have no recollection of seeing anywhere close to the number of high grade tobacco cards one sees at current shows. Finally, simple common sense at least to me screams out how unrealistic is the idea that a card 110 years old issued as an insert in a tobacco box in an era when it was likely much more difficult to properly preserve paper items could possibly have survived as a10 (or maybe even a 9) today. |
There is in my mind no doubt the card is trimmed. My thought is that it isn't particularly important given that pre-trimming it wasn't gradable anyhow. I think, unfortunately, your observation about high grade tobacco cards may be true for a lot of issues post-dating tobacco cards as well.
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I think over time our eyes adjust and cards that once looked a bit short start to look normal.
I think this is especially true for the E cards. |
Peter,
I will never forget an encounter I had in the mid-80s with an experienced collector/dealer who was looking for a particular '33 Goudey card for his personal collection. He was a high grade collector. He finally found the card at a show that I attended and showed it me. I remember taking note that while the condition was very nice, it clearly looked like a card 50+ years old. In my mind it was an ex-mt plus to maybe as high as nr-mt. It was not higher, and that was based on the more lenient grading standards of that era. I remember at the time asking Alan Rosen if he could find me a very high grade '33 Goudey set (minus Lajoie) and what he would charge. After thinking for a moment he told me how difficult it would be to find such a set and how expensive it would be, but if he had one he would charge $4k. That was the hobby then and what at least my expectations were as to what a high grade card would look like. Compare that to what one sees today at shows/auctions coupled with the tremendous price differential between grades and perhaps one can understand my skepticsm that such cards haven't been worked on. |
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And yet nearly every time a high grade high demand card comes up at auction, it sets a new world record. It's a disconnect that no matter how many times we discuss it I just can't accept. Are the only people who recognize that something isn't right here the posters of Net54? Is everyone else oblivious?
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I've asked this question naively a few times how cards stayed so pristine that are 50 to 100+ yrs old, and although I have been told cigar boxes and in between pages of large books/encyclopedias, I have a hard time accepting the fact that so many back in the day were treated like this.
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I guess I have different DNA, or something, because I have to be completely frank: I wouldn't touch that stuff. Recognizing I couldn't tell the difference between a genuine 8 and an altered 8, I'm running for the hills. To each his own.
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I am fairly positive some cards were kept pristine by being lost and/or not handled. However, I don't think that number scratches the surface of how many we see today. Apparently there are more high grade vintage cards being made every day.
IMO, There was no need to try to redefine what the hobby already accepts and doesn't accept, concerning alterations, and I told Brent that. He should also, immediately, distance himself from any known card doctors or trimmers (really from day one but it seems that ship has sailed). It is a shame too because I still feel PWCC is doing some great stuff that will help the hobby mature. People have also taken a lot of things out of context. Brent feels trimming is bad. He feels flattening a card and trimming it is bad. He feels using a solvent is better than water as water can be more damaging, he states. I told him that the hobby has tacitly accepted water but nothing else. SO there you have it, a conversation that probably didn't need to happen but ...it has. Quote:
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Let me state that more strongly. If Brent felt all those things were bad, he would have stopped doing business with certain people a long time ago. God knows he's been called out on it multiple times. But he didn't. |
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I obviously don't know all the details involved or how many stories go back further than then, but from what I have personally read here alone is enough for me to steer clear of them. I am a low $$/profile collector so I know I am not missed one bit nor do I affect their bottom line but I believe, and have always believed, that dealing with questionable entities or people does nothing to make them change their behaviour. |
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To be clear, altered cards are so rampant that they probably infect everyone. If you inadvertently sell some, well, it sucks but I wouldn't blame you. But it's something else to knowingly accept cards from people who you know or have strong reason to believe are doing the altering. And in my opinion and to some extent knowledge, many sellers are doing just that and have been. There are people who would excuse that on the basis that the card is slabbed, so it's all PSA's fault, but I don't buy that for a minute. |
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Speaking of spin, an oldie but goodie. Posts 76 and then 78. Brent claiming he had never heard before the Net 54 thread of anyone questioning his scans, and me pointing out that just months before he had posted a long defense of his scans against claims of manipulation on the CU Board. Sigh.
http://www.net54baseball.com/showthread.php?t=177348 |
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