Quote:
Originally Posted by GeoPoto
You are losing me here. I think the market "trusts" PSA to assign a reasonable grade to each card presented to it. (The kind of corruption that is routinely alleged by posters is very hard to sustain in a public company). It is true that we don't know whether the card was doctored and if so how; but, we are reasonably confident that the card now presents at the cited grade level. Your overall point is a good one -- the Blowout saga has surely been a negative for the value of high-grade cards.
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George, I may be missing the point of your post, but I'd counter that while we can be reasonably confident that the card "presents" at the cited grade, it presents due to alteration and deception and thus is no where near the assigned grade. With or without corruption the market trust erodes.
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