[drcy]

I think it should be obvious that, however the money comes and goes and however alterations are accepted or not, "highest grade" (quotes intentional) will become more plentiful and go down in value. Like McDonald's hamburgers, they're being made to order, plus most people will have caught on that the conditions are often if not mostly not real. Will they be collected and valued? Sure. Will they be valued at the same rate compared to when they were rarer and people thought unaltered? Of course not.

Peter Spaeth correctly pointed that some formerly very rarely centered cards have become readily available because people out there are "centering" them for the customers.

PSA Registry investor types are in a conundrum. They want to protect the status quo, but also know that the status quo means their precious grade rarities will become less and less (and less) rare and will devaluate that way . . . Adding to the quandary is they also fret about how many of their registry cards are altered, and how many will be outed as altered as time goes by.

PSA also is in a quandary. On one hand they want to be able to better identify altered cards, but on the other hands they don't know what to do with that ability vis a vis all those millions of dollars worth of cards in holders that are mislabelled.

Who knows, maybe it will end up being the wealthy registry big wigs who end up suing PSA.