Selling question

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Posted By: Anthony N.

Hoping you guys (and Joann) can offer up some opinions on a situation I'm involved with.

I listed a card for a friend on ebay a few months ago. It had been a PSA 6, he cracked it out because he thought it was nicer, never resubmitted it, and then sent it to me to sell for him. I submitted it to SGC and it came back a 40.
I listed it on ebay with a BIN a bit below vcp for a 40, and it was immediately hit by someone and paid for.
Tonite he wrote me and said that he'd submitted it to PSA and it came back trimmed, and he wanted his money back.
I wrote and said I'd be more than happy to buy it back, assuming it was still in the SGC holder. He wrote that he'd cracked it out but that didn't matter, he was a "big time dealer/collector" (even though I'd never heard of him or seen him on any of the boards, Nationals, Old Cardboard, ebay, etc) and PSA said it was no good.

I'm happy to stand behind anything I sell, but my question is should I be expected to when the card was cracked out? I'm quite sure if PSA had given it a 7 I would not have had a share in the profits, and as its been about 3 months also have concerns about the timeliness of the issue.

I did not represent the card as anything other than an SGC 40 that had once been a PSA 6. I made no claims or guarantees other than the statement of provenance.

Thoughts?