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Old 03-30-2008, 12:55 PM
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Default PSA vs. SCG -- Discount Valuation

Posted By: CoreyRS.hanus

"PSA will NOT and probably should NOT answer Corey's questions from a business standpoint they have nothing to gain."

Dan, you're probably correct on that. Inasmuch as I harbor no illusions PSA would be willing/able to shoulder the financial burden of compensating owners of all cards that are found to be altered, I see no chance they will ever amend their official statement. And from the business standpoint, while I'd love to argue that offering such compensation will generate such good will as to be a business home run, for all I know the financial hit could be so great as to potentially put them out of business.

Going forward, what I suspect will come from all this is PSA on a case-by-case basis will decide what to do with altered cards in their holders. For their best customers or perhaps for people who make the loudest noise, they will do something. But I don't expect to see any official pronouncement.

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