Cards still being outed on Blowout -- PSA 9 Monte Irvin in the recent ML

[raulus]

Originally Posted by Lorewalker

Aren't we all taking a leap of faith when we pay large and sometimes huge premiums for the graded material we put our money into? Are we doing so be cause we believe the company is solid and will continue to be respected enough at least until we deem it time to sell? Or possibly because we know there are others who are buying into the same brand? How many people have to exit before the value of that holder is diminished? What if, as has happened, one of those companies goes under for fraud? Sure we still own the card but how much of that card's value is due to the initials on the holder? And what if that card in that holder is altered or might be altered and it cannot go into another company's holder with a numerical grade?

Therein lies the problem.

A lot of faith and trust given the huge sums involved, yet based on incidents like this one, tragically misplaced.

And with not a lot of viable alternatives, especially if we fear the raw space is equally fraught with alterations.