Update for those involved in the group sub that PSA lost. MONEY=DECLARED VALUE ONLY

[chalupacollects]

Has anyone been checking ebay for these cards? If you have cert numbers may just be unhappily surprised...

[Aquarian Sports Cards]

I know emotionally you guys are right about what PSA should do, but I would check what you actually sign off on when you submit. I would be shocked to find out that their response isn't exactly what is prescribed by the submission contract. If you agree to it, it doesn't really matter what feels right.

[bobbyw8469]

I understand what you are saying Scott. In this day of social media and their good name though, they need tp do the right thing. If they value me as a customer they need to do the right thing. We will see.

[Aquarian Sports Cards]

Like I said, I feel for you. There's a difference between legal and "right" I just wouldn't count on them going the extra step to make things right. I hope I'm wrong.

[x2drich2000]

Originally Posted by bobbyw8469

I understand what you are saying Scott. In this day of social media and their good name though, they need tp do the right thing. If they value me as a customer they need to do the right thing. We will see.

I know how you feel, but unfortunately, do you really think PSA is going to care about whatever is said about them on social media? I know it isn't to you or anyone else involved, and it should be bigger, but IMO this is likely a minor issue to PSA especially compared to the PWCC/trimmed issues and how did that really impact them.

[Exhibitman]

I think there is a gray area for any upcharged card. PSA in effect disregarded the declared value and substituted its own value determination, so limiting you to a declared value that PSA itself refused to honor doesn't seem equitable. As for the rest of the cards, well, the contract terms would dictate the outcome most likely.

[cardcountry]

Originally Posted by Exhibitman

I think there is a gray area for any upcharged card. PSA in effect disregarded the declared value and substituted its own value determination, so limiting you to a declared value that PSA itself refused to honor doesn't seem equitable. As for the rest of the cards, well, the contract terms would dictate the outcome most likely.

I admittedly don’t know the legal aspects, but to me it seems like the declared value would apply if PSA lost the cards while they were still raw; however, after being graded they would have obtained a new value based on that grade in the current market?