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Posted By: Shawn Chambers

Actually, many cards are graded over and over again. NOT once. Either in hopes of bumps or because some slab cracker (hi Frank!)hated a slab and later sells the card raw to a person who re-entombs it. I'm sure certain cards have probably been graded dozens of times.

Also, new product is being put out each year from a variety of companies. PSA does most of their business with modern cards. Each year, millions more enter the market waiting to be graded.

I haven't looked at their financials lately, but don't see the scenario you are predicting with that much liquidity.

Shawn