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Posted By: barrysloate

Actually PSA is in a bind when it comes to SMR. Let's say they have a card listed for $250 that typically sells for around $1000. Even if they wanted to correct it, they can't list it for $250 one month and then quadruple it the next. It would create the wrong impression, even if they explain that the entire system was adjusted. Collectors would think the market exploded overnight. The best SMR could do is gradually increase prices until the guide is more accurate. But in a volatile market even that is a challenge.

Edited to add Michael, you and I said the same thing at the same time.