Quote:
Originally Posted by squelch
This summer I submitted about 60 cards to PSA at the Atlantic City National Sports Collectors Convention.
Today I received word from PSA that my cards are soon to be graded and that I am advised to have PSA ship them to the Goldin Auctions Vault as soon as they are graded.
Would this not be akin to the FDA owning a pharmaceutical company?
The first thing that went through my mind is that my decision to act on their request, which they made BEFORE they graded my cards, would or certainly could influence the grades of my cards.
I would also point out that JSA who authenticate signatures now run their own auctions.
I have 0 evidence suggesting either of the 2 companies have acted with impropriety. Still, these mergers/acquisitions are detrimental to the hobby. Abuse of trust can easily happen. No grader or authenticator should be allowed to sell the products whose legitimacy they determine.
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Have said all along that for TPGs to be truly honest and doing the job they are supposed to be doing, they need to be completely open, transparent, and totally independent of any and all bias and conflicts-of-interest in both fact AND appearance. And they also need to be subject to some outside oversight and control as to their standards and the consistency to which they follow and apply them.