Will the owner re-slab the Wagner?

[WhenItWasAHobby]

Originally Posted by Jay Wolt

The owner of the Arizona Diamondbacks

That is correct. According to this article, the Wagner was to be put on display at Cooperstown and then at the D-Back's ballpark.

http://www.psacard.com/articles/arti...id=6852&type=1

Based on the FBI's indictment, it is therefore implied that the label on the holder is false by PSA's standards. In my opinion the Wagner needs to be reholdered as "AUTH", and PSA needs to be proactive in fixing it and compensating the owner for the monetary loss incurred. The card should not continue to be put on public display as a PSA 8 card in my opinion.

Also if the owner ever plans to sell the Wagner, he really needs to get the grade corrected otherwise he could be setting himself up for making a fraudulent sale unless he discloses the alteration in the sale, but that wouldn't make sense since the owner, not PSA would take the potential financial loss on the sale.

[Runscott]

Originally Posted by WhenItWasAHobby

...
In my opinion the Wagner needs to be reholdered as "AUTH", and PSA needs to be proactive in fixing it and compensating the owner for the monetary loss incurred. The card should not continue to be put on public display as a PSA 8 card in my opinion.

Also if the owner ever plans to sell the Wagner, he really needs to get the grade corrected otherwise he could be setting himself up for making a fraudulent sale unless he discloses the alteration in the sale, but that wouldn't make sense since the owner, not PSA would take the potential financial loss on the sale.

I don't see how PSA can be ordered to compensate the current owner for monetary loss, when he hasn't yet lost any money, and there's really no way with a 1-of-a-kind item like this, that you can assume he would lose money if he sold it. But I wouldn't be too surprised if he pursues some sort of settlement with PSA, leaving the card holdered as-is.

Everyone who bought it, or was a serious player, knew it was trimmed, and that fact didn't seem to affect value. Perhaps we should assume that it is only selling for as LOW as it has been, because everyone knew it was trimmed. If it had been a legit card, maybe it would sell for double...triple what it has (I don't really believe this, but it's as valid as assuming the value will drop to some unknown number if it's 'officially' deemed to be trimmed).

[WhenItWasAHobby]

Originally Posted by Runscott

I don't see how PSA can be ordered to compensate the current owner for monetary loss, when he hasn't yet lost any money, and there's really no way with a 1-of-a-kind item like this, that you can assume he would lose money if he sold it. But I wouldn't be too surprised if he pursues some sort of settlement with PSA, leaving the card holdered as-is.

Everyone who bought it, or was a serious player, knew it was trimmed, and that fact didn't seem to affect value. Perhaps we should assume that it is only selling for as LOW as it has been, because everyone knew it was trimmed. If it had been a legit card, maybe it would sell for double...triple what it has (I don't really believe this, but it's as valid as assuming the value will drop to some unknown number if it's 'officially' deemed to be trimmed).

You make some interesting points. First off, PSA guarantees their grades, so they have to honor that. See below:

http://www.psacard.com/about/financial_guarantee.chtml

As for buyer, to claim, "[Kendrick] knew it was trimmed" is a bit overstated. It's a safe bet he was aware of the rumors, but to say he knew the card was trimmed is a bit of a reach and to compound the problem can PSA prove that? Even if PSA argued that "Everyone in the hobby knew the Wagner was trimmed", such an argument would be a self-incriminating, public relations nightmare and would contradict what they've published about the card for the past two decades.

It's going to be real interesting how all of this plays out.

[RUSH2112]

I am no lawyer but the card will likely be presented as evidence in a trial, if there is a trial, and re-grading at this point would be useless and maybe against the law. The card could very well be in the hands of authorities right now. A prosecutor is going to want to present the actual card and slab as it was when it changed hands.

Ohio law 2921.12 Tampering with evidence.

(A) No person, knowing that an official proceeding or investigation is in progress, or is about to be or likely to be instituted, shall do any of the following:

(1) Alter, destroy, conceal, or remove any record, document, or thing, with purpose to impair its value or availability as evidence in such proceeding or investigation;

(2) Make, present, or use any record, document, or thing, knowing it to be false and with purpose to mislead a public official who is or may be engaged in such proceeding or investigation, or with purpose to corrupt the outcome of any such proceeding or investigation.

(B) Whoever violates this section is guilty of tampering with evidence, a felony of the third degree.

Effective Date: 01-01-1974