Posted By:
Joe D." But it still doesn't address Corey's point: what if upon reinspection PSA notices that a card with a grade is in fact altered, and they made a mistake the first time around? What is their legal and ethical obligation?"
I think what they do right now (both companies) is look to buy that card and get it off the market and out of the slab.
I don't see why that policy should change.
If they made a big mistake in grading the first time around... they should look to fix it by purchasing the card at the value of the mistaken grade.
People make purchase decisions and valuation decisions based on those numbers on the flip - based on a grading company opinion. They (grading companies) need to stand behind that number and take it on the chin themselves when they make a mistake. Not make it the expense of the card holder. Like I said... I believe they stand behind their product in that fashion right now.
edited for clarity.