"Grading Scandal" in a nutshell, please - Net54baseball.com Forums

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12-28-2019, 10:30 PM

swarmee

J0hn Raff3rty

Member

Join Date: Jul 2014

Location: Niceville FL

Posts: 7,456

The stock piece is really a red herring, IMO. The majority of those stock sales were likely to cover taxes on his other stocks and income. It may look bad, but really isn't.
The declaration during a stockholder's teleconference that the grading scandals is immaterial to their business/shareholders is ridiculous. PSA is getting the biggest brunt of it because their slabs sell for the most, and their numbering scheme is easy to determine which order the cards were graded in, for the most part.
Beckett is getting blamed for favoritism by rewarding a single submitter with like 25% of all BGS 10 Pristines and 10 Black Labels given out in the last couple of years. But since they don't have a "grade guarantee", the buyers who got hosed with trimmed cards in Beckett slabs don't really have anywhere to get a refund.

__________________
--
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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