Let's discuss conspiracies and a billion dollar fraud

[drcy]

As I've said before I anticipate pricing changes. I think some will leave the hobby or not sink as much money in, certainly not into "high grade" graded cards. Many people who otherwise would have won't enter the hobby, or enter with the same amount of "investment" money, when the learn the hobby is rife with corruption, wrong grades, illegal activity and entities that actually enable such behavior. Certainly, skepticism of grades and graders will rise tremendously. Further, even if conservation and alterations are more hobby accepted and normalized, I find it hard to believe that someone will still pay the same exponentially more for a 10 over a 9, or a 9 over an 8, because one altered card was altered microscopically better than another altered card. Even if you love altered cards, you're not going to pay an extra $100,000 for a card because a wrinkled was spooned better-- especially when, for the same effect, you could get the lower grade card and have it altered to your liking and higher grade for $200.

No question the normalization of alterations, and even acceptance of it, will reduce the grade rarity of many cards (as more and more cards will become "better and better" condition), which will lower prices there. That idea is borrowed from Barry Sloate and his keen insight.

The new knowledge about the capabilities of graders, and the prevalence of altered cards, will change how cards are considered and thus priced.

But there will also be a cottage industry for cards that have not been altered, and more knowledge about which cards are altered and which are not WILL rise substantially with time.