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Originally Posted by OhioLawyerF5
Then explain why it isn't material to disclose that it received a lower number grade from another company. It's the same logic. The lower number will sell for less, and is therefore material, right?
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I answered that before. It's a good question, but I think the difference is in how people understand these things. I think people understand that there is wide variance in grading, that it isn't consistent, and generally accept that graded cards might have a grading history. On the other hand, rightly or wrongly, there's just a big perceived difference between grade x and grade y, and a graded card and one where the $1 or #2 TPG in the industry said the card was not worthy of a number grade in the first place. As you said, having a number grade is very important to people. Perception is reality.