Mastro and Allen Indicted

[calvindog]

Just because he doesn't have first-hand knowledge of what happened with the card doesn't mean he's unaware of what occurred. It would be nice for PSA to tell the truth about it publicly. Eventually it will come out and eventually the present owner might want compensation.

[e107collector]

Originally Posted by calvindog

Just because he doesn't have first-hand knowledge of what happened with the card doesn't mean he's unaware of what occurred. It would be nice for PSA to tell the truth about it publicly. Eventually it will come out and eventually the present owner might want compensation.

Jeff,

Do you know how a situation like that may be handled? If Ken wants his money back for the card, and PSA gives it to him, does he have to turn the card over to PSA at that point? Does he get the money and keep the card?
Just curious.

Tony

[three25hits]

I had a PSA card that was mis-graded. I got full payment, they kept the card.

[ruth-gehrig]

Has everyone already seen this but me?

[Peter_Spaeth]

It's from an old Lipset auction. What about it?

[ruth-gehrig]

Just something I've never seen before. Circumstantial evidence at a minimum; perhaps more? Wasn't it always speculated that Mastro had the card cut? If so why is Lipset selling it uncut??

[Peter_Spaeth]

Originally Posted by ruth-gehrig

Just something I've never seen before. Circumstantial evidence at a minimum; perhaps more? Wasn't it always speculated that Mastro had the card cut? If so why is Lipset selling it uncut??

I thought the Lipset one was the so-called Jumbo Wagner that ended up in a 5MC holder, but I could be wrong. I have never heard that Alan Ray -- who owned the raw PSA 8 before Mastro bought it -- got it from Lipset. I thought the known chain of custody ended with him.

[ruth-gehrig]

Ok Thanks! That does make more sense. I'm sure others will chime in on this as well.

[barrysloate]

Peter- I believe that card is currently in the Hall of Fame. The "jumbo Wagner" is a different example.

I feel that the current owner of the PSA 8 Wagner should get substantial compensation, and then I think PSA should take it back and relabel it "AUTH". Once they do that it's a perfectly marketable card at any time with a spectacular eye appeal. Plus, it will finally be properly graded. If all this information becomes public it can't remain in an 8 holder.

[calvindog]

Originally Posted by e107collector

Jeff,

Do you know how a situation like that may be handled? If Ken wants his money back for the card, and PSA gives it to him, does he have to turn the card over to PSA at that point? Does he get the money and keep the card?
Just curious.

Tony

Tony, the owner could theoretically get his money back for his card but not be permitted to keep it as well. Or he could just be paid compensation for the difference in value of an 8 and an AUTH (albeit pristine) Wagner. In either case, Joe would probably have to give up buying hair dye for a few years.

[3-2-count]

Originally Posted by calvindog

In either case, Joe would probably have to give up buying hair dye for a few years.

Hmmmm. And all this time I thought it was natural.

[T206DK]

Originally Posted by calvindog

Just because he doesn't have first-hand knowledge of what happened with the card doesn't mean he's unaware of what occurred. It would be nice for PSA to tell the truth about it publicly. Eventually it will come out and eventually the present owner might want compensation.

Jeff, do you think any of the prior owners have legal recourse ?