[Cozumeleno]

Originally Posted by AGuinness

Perhaps the bigger threat to PSA (or any TPG) is a scandal whereby their authentication process is undermined. If some sort of rampant pattern revealed a TPG were intentionally and deliberately grading forgeries, etc., that would be more damaging to the market for cards in their holders than a bankruptcy (but who knows how much more or less likely than a bankruptcy).

Completely agree - I'm not a registry person so can't speak to that part of it. But I have to believe that a PSA 5's prices aren't going to significantly drop just because the company stops grading cards. The registry stuff is probably a valid concern if no one would end up picking that up, but hypothetically, I think the values would mostly hold up pretty well.