Quote:
Originally Posted by Snowman
Ya, it's a $250k cap per card, but there's also a lifetime cap of $500k per individual. So you don't get many chances to cash in when something goes wrong if you're a high end collector. Some of these guys like Marshall Fogel, Ken Kendrick, and Brady Hill have millions of dollars worth of trimmed cards in their collections and they don't even know it. It's a significant risk to carry. Fogel's 52 Mantle is sheet cut.
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If the max is $500K per collector and these guys have millions of dollars of trimmed cards, they are not sending any back to PSA.
At some point in time in the future, they will be sold in a major auction to someone else who believes they are legitimate so they are not going anywhere.
I cannot imagine anyone high on the registry on a particular set suddenly saying, "Oh, most of my high grade cards are trimmed according to a guy on Net54 so let me get them all into authentic holders and get $500K of my millions of dollars back."
You may well be correct about the authenticity of most high grade cards but the population of them is not going down significantly in our lifetime. One occasionally, maybe, but not thousands of them.
The major auction houses will not be rejecting high graded cards nor will they be advising the buyers that cards may be trimmed although in holders. At least not IMO.