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While it is clear that PSA cards bring higher $ than SGC cards of the same grade the question is why and does it matter to a collector. I believe the psa registry collectors who will pay more for PSA. This is a simple dynamic. Besides spending the time energy and money trying to cross the cards they often don't cross at the same grade so PSA collectors like myself are willing to pay more for PSA over SGC.
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While I agree with this part of your post, I do not with the rest. The Standard Biscuit fiasco, as you call it, was close enough where it is at least somewhat excusable, IMO. The cards were not "crudely cut" at all; if anything, they were a bit too sharp. The "lame stamped back" was apparently close enough to fool you, as you bought one of the cards.
http://www.net54baseball.com/showthr...hlight=biscuit I don't for a minute have trouble believing they could have passed through PSA as well, as all the companies have had trouble with this set for years. PSA is the company that graded a reprint Ruth rookie with a numeric grade!! Talk about being on alert as to what to look for in one of the most prestigious cards in the hobby and then blowing it.
As for PSA grading coins, they are absolutely horrid at grading PX7 discs, so that that additional area of ""expertise" certainly has not translated.
So the debate can continue on investors vs. collectors etc, and how SGC seems unable or unwilling to expand its brand, but their ability to prove authenticity is at least as strong, and in my view stronger, than PSA.