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Old 01-20-2008, 04:21 PM
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Default The long awaited PSA half grade!

Posted By: SC

"Cards on regrade or reholder service: SGC has the right to reevaluate the card and assign a newly established grade if SGC believes the card was originally misgraded. If the grade change results in a loss of value of the card, SGC will compensate the customer based upon market value as solely determined by SGC."

Anyone want to guess this (and similar language) was put in after the Rosen/SGC legal debacle?

Any (smart) company is going to have their terms and regulations written as tightly as possible by lawyers looking to cover every possibility. This guards against someone obtaining an overgraded/altered card, and holding the grading company hostage for damages far above what reasonable people would consider an appropriate adjustment. I've sold cards back to both PSA & SGC & Beckett - they basically all paid me what I'd paid for the card, less a reasonable amount if I was getting the card back.

I do know I've heard from many that PSA has reholdered or unholdered cards without compensation...of course, with the WIWAG situation, it provides an interesting out that is difficult to argue, if they claim they never graded the card in the first place.

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