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Posted By: warshawlaw

It doesn't mean the card is fake. It does raise a big red flag. As capitalists through and through, we are all rational buyers and sellers, meaning we look to minimize purchase price and maximize sales prices. I think the reason why unslabbed high grade cards are immediately questioned is that the seller's actions are contrary to the market impulses we all understand as members of the "free" market. It is valid to ask why on earth someone selling say, a near mint T206 Cobb, would leave thousands of dollars on the table by refusing to spend $50 to have the card graded. Couple that with the fact that a posting IDing the card and properly listing it means that the seller knows cards (and presumably knows the market) and the red flag gets much bigger.