Posted By:
James GalloI have been keeping up with this thread and in my opinion this would solve all the problems.
Upon resubmition of any card if PSA finds the card to be altered they buy it back at an agreed upon cash price based on what the card was graded at the first time around. It would not be hard to make a few phone calls to some of the big dealers and auction houses and get some numbers for a card and then agree to a price. EVERYONE knows that the SMR is a joke price wise and that PSA does not care to put any work into it.
PSA should desire that all there cards are correctly graded and so should the owner of the card. I bought 5 cards back to PSA last year at the national because I thought they were OVER graded!!! They found none to be over graded which I still find to be laughable. Regardless if there was a risk of your cards going down a grade or up wouldn't that be what you would want. Do you want your cards to be graded correctly I know I do.
The final solution to this is that if any card is down graded PSA compensates you with submission credits. This would put a minor burden on them capital wise and would only encourage you to submit more cards.
In the end it is all about consumer confidence and if that does not exist then there is a big problem.
I have talked to SGC in the past about a misgraded card. Although it was not with Dave F and it was not in great deal it seemed clear to me that if a card was found to be misgraded they would fix it and compensate the owner.
The end result is that I feel both companies will deal with the guanentee on a case by case basis and both leave a lot to interpretation.
Lastly, I see PSA losing ground to beckett in modern cards and SGC in pre war, so they many continue to hold the 40-70's era's but the rest are not as impacted by the registry and the prices are adjusting so that psa card do sell for either less or about the same as SGC and BGS cards of the same grade.
James G
PS Has Joe called Leon back yet? IMO that is really bad as Leon is not some no name and also rather rude of Joe.
Looking for 1915 Cracker Jacks and 1909-11 American Caramel E90-1.