Future of grading...

[SMPEP]

The problem isn't the grading companies. The problem is the buyers.

Huggins & Scott sells this 1929 Kashin Seibold AND Todt raw for $220 (in November 2015):

http://nov15.hugginsandscott.com/cgi...m.pl?lotno=362

Now look at Ebay today. That same exact Seibold (we can tell from the stamp on the back) is being offered for $500 (and with 2 people watching there's a good bet it sells):

http://www.ebay.com/itm/1929-Kashin-...gAAOSw9NdXtfDN

So someone bought the Seibold for $110, put it in a piece of plastic (we'll call the costs $45 for shipping and grading) and is going to sell the exact same card for a 200% profit in 8 months (and it got the second lowest grade you can get!).

When in reality, graded or not, it's the same damn card.

So, some buyer just made some seller rich because they didn't do their homework.

Until buyer's wise up, you're going to see a huge increase in the fraud for graded cards (for all grades). Because as this legitimate example shows, the profit margin is there. The margin for high grade stuff (cough "fake" cough) is astronomically. I'd be sacred to death right now if I owned any high grade cards. (Fortunately I don't!)

Patrick