Is it pretty well known that Kendrick says David Hall at PSA called him to buy back the Wagner because they knew it was altered?? I've heard the general story and timeline of the PSA 8 Wagner(really who hasn't thats been in this hobby for any amount of time), but definitely don't know it all
From an article 2 days ago.....
Kendrick bought the Honus Wagner in 2007.
In October 2013, Bill Mastro, one of the early pioneers of the more mature card market, pleaded guilty to mail fraud and, in the process, admitted he had trimmed the Honus Wagner card that got the PSA 8 grade.
That put Kendrick's card in the spotlight.
All of a sudden, the highest graded Wagner was not what it seemed.
Kendrick said he received a call from then-company president David Hall.
"He said, 'Look Ken, we graded this card, and we make good on anything we grade if we grade it, and it isn't what we say it is,'" Kendrick recalled. "And at that point he said, 'Listen, if you'd like to sell us back the Wagner for what you paid for it, we'll buy it right now.'"
Kendrick didn't even pause. "I laughed and said no thanks."
The question is, does PSA, knowing the card was trimmed have a responsibility to move the Wagner from its 8 grade to "altered?"
PSA has, in the past, deactivated cards when it is clear those cards achieved a grade through technological means.
Kendrick said there have been zero conversation between him and PSA about returning the card and putting it into a more accurate holder. Complicating things is certainly Kendrick's weight in the business and the fact he became an investor in PSA in 2021.
For his part, he's not worried. In fact, he thinks the trimming scandal adds to the intrigue of the card.
"I think the notoriety adds to the value," Kendrick said. "It's like the John Dillinger gun. It's worth way more because of the story behind it.
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