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Posted By: Peter Spaeth

So the theory is that PSA knowingly launched its business, which was marketed as a counterweight to the then-prevalent fraud being perpetrated by many dealers, by grading a trimmed version of the hobby's Holy Grail. That sure seems a very high risk strategy. Assuming the card was trimmed, and everyone involved in the grading knew it, then how was David Hall to know that conclusive or at least persuasive proof of that fact would not come out? On the other hand, maybe Mr. Hall just rolled the dice as he may not have had a huge capital investment anyhow, just a license fee to Mr. Hager and a slabbing machine.

What continues to surprise me is that NONE of the people who supposedly have the infamous "before" photo will break ranks and show it. What would Mr. Mastro's claim against them be, even if he were inclined to make one? Suppose I had the photo and started a thread with a post, "here is a picture Alan Ray sent to me that allegedly shows the Wagner in the condition it was in when he sold it." What am I liable for?