Quote:
Originally Posted by Balticfox
They've thus undermined their whole business model. For what after all are customers paying if not some sort of guaranty?
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The guarantee has always applied to a subsequent purchaser. To my knowledge, it has never applied to the original submitter.
And the guarantee continues to apply to a subsequent purchaser.
The whole idea is that a buyer can buy with confidence, and tap the guarantee if necessary. For the original submitter, they are now potentially on the hook if they submit doctored cards to PSA. And, of course, the guarantee also helps the submitter to sell their stuff, because buyers trust the slab. Whether that trust is warranted, I grant you, is up to the market. And not everyone agrees on that point, even if the market currently respects the slab.