It's more informal; a lot of people post names of people they've made deals with in their signatures as a way of giving a rating. The rule is buyer beware (as with any site), but the moderator Leon is willing to mediate a transaction if necessary or ban members who are doing bad things.
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PWCC: The Fish Stinks From the Head
PSA: Regularly Get Cheated
BGS: Can't detect trimming on modern
SGC: Closed auto authentication business
JSA: Approved same T206 Autos before SGC
Oh, what a difference a year makes.
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