Quote:
Originally Posted by benjulmag
A new grading company (or SGC if it has the gumption and $$$ to go for it) comes into being employing the newest technology PROVING that a PSA graded card is altered. The card is then returned to PSA under the grading guaranty. Perhaps PSA will fight it tooth and nail. But (in theory) they should loose (assuming there are not statute of limitation or privity problems with invoking the guaranty). As noted in previous posts, the potential exposure to PSA will far exceed its reserves for this contingent liability, and might be great enough to wipe them out.
As a practical matter, this scenario is how I see change coming. But even if such a new grading company comes into being, it will still require the next step of enough misgraded cards being exposed to create the market reality that a card slabbed under the old method will not hold its value until regraded.
With 5, 6 and 7 figure cards now the new norm, how can such a new grading system employing the newest technology eventually not come into being? I believe it is only a matter of time. And at that point, I think accountability will not be far behind.
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I don't see any privity issues, that guarantee as worded seems to clearly run to any owner of the card, not just the original submitter. Indeed I think that was the whole point, to facilitate market confidence.
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Last edited by Peter_Spaeth; 06-03-2019 at 09:01 AM.
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