[benjulmag]

When you have the largest third party grading company turning a blind eye on re submissions to bump downs, the entire concept of third party grading has failed, and IMO in time the market will reflect that. I will not consider buying a high-grade slabbed card without either knowing the provenance or seeking another opinion the card has been recently re examined and confirmed not to be doctored. I do this not to give myself extra work, but rather because I believe it is prudent to do so. If I had a stack of PSA 8 T206's known to have been slabbed in the early days of grading that I was looking to sell, and I knew I could get a letter from an individual/entity respected in the hobby opining that the cards, upon re examination, have not been doctored, I believe that stack of cards would fetch a higher price with such a letter than without. IF that is correct, then the market forces are in play for the creation of such a service.

EDITED to add that I'm talking here not about a bump down from an 8 to a 7.5, where the loss of value would not necessarily be significant. I'm referring instead to a bump down from an 8 to an A, where the value of the A would be a small fraction of the 8. Unless a prospective purchaser truly felt the chances of the 8 being altered is very small, the weighted value of the card after the perceived risk of alteration is taken into account would be materially less than the card valued as an 8. Under such a scenario, it would be prudent for the prospective purchaser to demand some new corroboration the card is unaltered. And if the seller refused to obtain it, he would be at a competitive disadvantage to another seller of the same card who was willing to provide such a corroboration.