PSA Appraisal Values

[BobC]

Originally Posted by incugator

PSA has challenged a few cards that I have submitted in the past year and it seems like they believe their assessment on values is the governing rule. In the past, it used to be SMR, but now they are going off of recent public sales only to determine the value of cards. They are not licensed appraisers and they are consistently referencing the submission contract even though California law supersedes their contract. Does anybody know what type of legal action can be taken to challenge PSA's authority on assessed value of cards, especially when they are upcharging people hundreds of dollars per card?

Not sure you'll be able to do much about it. Depends on exactly what they have in their contracts, which I am totally unfamiliar with. They are not stupid business operators though, and my guess is they somehow have the contract, which you would have agreed to in submitting a card to them, worded in such a way that you aren't able to look for some independent, qualified appraiser for help. My guess is that they have reserved that right to solely determine the value themselves, with no one else able to question them. Speculation on my part though.

Besides, the legal costs to fight them would probably be so much more than you could ever hope to win back from them that no one would likely try taking them on to begin with.