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New PSA Terms & Conditions: Comp. Damages and Injunctive Relief for Card Doctoring
PSA updated their Terms & Conditions last week to include the following language regarding card doctoring:
‘12. Doctored and Inauthentic Items; Fraud Prevention and Investigation. (a) You represent and warrant that any item submitted for any PSA Grading Service is genuine and you have no knowledge and no reasonable basis to believe that the item is a “Doctored” item. You affirm your obligations with respect to Doctored items set forth in these Terms. For purposes of these Terms, “Doctor,” “Doctored” or “Doctoring” means the alteration of the appearance of an item by things such as, but not limited to, trimming, re-coloring, bleaching, power erasing, cleaning, waxing, re-backing or any other form of restoration used to enhance the appearance, condition or content of an item. (b) You agree that you will not Doctor items or participate in any way in Doctoring items or submitting any items to PSA for grading which you know or have reason to believe have been Doctored in any way, and acknowledge that the determination as to whether an item should be authenticated or graded shall be made solely by PSA in accordance with its standards. You acknowledge that detecting Doctored items is very difficult. You acknowledge that PSA will not authenticate or grade items which, in the judgment of PSA, bear evidence of Doctoring. However, because the determination by PSA to reject such Doctored items will require a review by PSA’s personnel, you will be required to remit, as set forth herein, the standard fee for any such Doctored items that are submitted to PSA. You acknowledge that Doctoring is wrongful and inappropriate activity which is harmful to PSA, and all of your obligations in this Section 12 shall survive termination of these PSA Terms. … (d) You agree that PSA would suffer irreparable damages if you were to engage in Doctoring of any item and that PSA is entitled to not only compensatory damages but also preliminary and final injunctive relief for any breach of your obligation not to Doctor items or to submit Doctored items to PSA in violation of your obligations hereunder.’ https://www.psacard.com/termsandconditions |
So all cleaning (water and a q tip etc..) is now doctoring? And I am supposed to say that in order to submit to them it is wrong and I won't do it. Nice.
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This reads to me like they are no longer going to encapsulate trimmed cards at all anymore, which would include ones like this:
https://bid.robertedwardauctions.com/bids/bidplace?itemid=188543 |
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If only PSA actually took card doctoring more seriously and didn't just pay lip service. |
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On the coin side I was recently watching videos and several coin guys bragged about sending in cleaned coins. Very similar to the card bro videos. |
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Wonder if ‘52 Robinson PSA 02023137 That went from a PSA 8 to
PSA authentic played a small part ? https://www.net54baseball.com/showthread.php?t=353161 |
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Anyway, most collectors almost appreciate it, it seems, because without that work having been done on that card, it would not have been available to them to buy. |
CU was a public company for decades. They are now owned by very sophisticated and successful people. The notion that they don't understand the risk of their own warranty is not plausible.
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These guys don't even know that their own cards are doctored lol. You think they have their finger on the pulse of the extent to which the entire high end vintage market has been doctored? |
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Scout's honor, it aint been doctored... :D
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Yes, PSA, the dominant market player by far, fabulously successful, no foreseeable competition, like it or not the industry standard, is desperate. You know best, I'm sure.
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I would not call it desperation, but the new terms are pretty funny in the admittance that they have a hard time detecting doctored items and that they contradict the claims I have heard here over and over again that some kinds of alteration and cleaning are totally fine with PSA that are included here now.
Why people will pay huge multipliers more for a card that has been signed off on by this incompetent firm will never make any logical sense. The authority need not be competent, there just must be an authority, and even if people know that authority is incompetent, they will continue to buy in and participate on account of that appeal. |
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They should just start with a minimum size card requirement. I know what comes next from this board: "many cards are undersized and that wouldn't be fair for those cards". True, but how many undersized cards are there overall, especially if they have razor sharp corners. Take the following challenge - get a series of the same card and stack them neatly. How many actually deviate from the typical size? Oh yeah, a lot of people can't do that but they can stack the slabs and those are pretty much all the same size.
Most people are right - this is a cry out by a company that offers a service that they are beginning to understand they cannot deliver on very well and they believe this will give them an avenue to take legal action against people that try to deceive them, intentionally. There's an easy way to get around it. Have someone else submit the cards that is not aware the cards are doctored. This is a joke. |
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What's mentioned in post #38 and the previous post is true. How long can hobbyist turn a blind eye to all this crap. Investment type collectors will look the other way as long as possible. Question is, what is the ratio of hobbyist vs investment type collectors? I bet if a poll was run, most people would say they were "hobbyist" and not investors. :p
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I’m not a high end collector for a few reasons, one certainly being lack of funds! My casual outsider observation on high end cards is if they are worth a ton of money beat up because they are old, rare and have a great player on them or are a key part of a tough set, that makes sense to me. If they are worth a ton of money because they aren’t that rare generally but have particularly sharp corners, that seems a bit crazy. No offense to those that can afford them but sharp vintage cards scream exacto knife to me.
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You nailed it. It commoditized the hobby which may not have been advantageous to hobbyists on a budget and it opened up the hobby to gross manipulation. I'm sure a lot of hobbyist do like the slabs but it came with a cost. |
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:eek: Quite simply PSA's whole business model was based on providing buyers with a guaranty that the cards are as stated, i.e. the real thing. But they call into question their own competence/expertise with this attempt (whether you wan't to call it desperate or not) to limit their legal liability if and when they fail to detect that the card in question is the real thing. It's a very clear case of the emperor himself admitting he has no clothes. They've thus undermined their whole business model. For what after all are customers paying if not some sort of guaranty? :confused: |
You don't seem to be very in touch with the current market. I guarantee (haha) you the vast majority of buyers don't even know about the guarantee and if they do they don't care. SGC took the G out of its name and nobody cared. BODA revealed that the extent of altered cards was much greater than most had previously thought, and PSA's business skyrocketed. The guarantee is NOT the foundation of their business model, if it ever was, those days are long long gone. This isn't the 1990s any more.
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