The PSA8 Wagner... I don't get it.

[howard38]

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[Leon]

Originally Posted by howard38

This may be a dumb question but here goes:

Obviously the owner of the PSA 8 has no incentive to submit it for re-grading. But can PSA on their own declare it to be trimmed and enter it as such in their database? If not is the card legally and/or technically considered to be an 8?

I think they could but they might be liable for a lot of money if they did that. When I spoke with Joe O at the last National, and this topic came up, he told me it's the owners first choice as it's his card. If the owner doesn't want to do anything then PSA wouldn't. I realize things can change but that is what he told me. No specifics were talked about and no hypotheticals were talked about. Could PSA do it though? I guess they can do whatever they want....then reap the repercussions.

[howard38]

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[Jlighter]

If he did submit it back and it came out trimmed how would value be established for how much PSA owes the owner?

Would it have to be at public auction?

He bought it privately, what's stopping him from being a schmuck and selling it in the trimmed holder to a friend for a dollar and having PSA be liable for 2,799,999?

I guess they could just give him 500,000 free submissions.

[brookdodger55]

If the card was re-submitted and it was given a grade of "A" wouldn't the cards owners "MLB Arizona Diamondback Owner" be able to declare the lost value
Of his investment the same way an investor would on stock loses for the year.If the card was auctioned off and sold for less then he paid due to the downgrading of the card. I'm sure his accountants could easily figure it out. Or If the card is determined to have been altered by another grading company Isn't the initial grading company liable for the difference in value. Another ? If it is determined that Psa knew the card was trimmed and still gave It an 8, didn't the Psa 8 cause all of the other Wagners to have inflated prices that the buyers paid. Can Mastro and Psa be held personally liable for the inflated prices if it can be proven. I fully understand that this would be nearly impossible to figure out the true values of all the Wangers if the Psa8 was originally given a "A" grade. Any opinions.

[HRBAKER]

"When I spoke with Joe O at the last National, and this topic came up, he told me it's the owners first choice as it's his card. If the owner doesn't want to do anything then PSA wouldn't."

Of that much I think we can be pretty sure of.

[Fred]

NOw, wouldn't it be interesting if PSA owned up to a grading guarantee?

The owner of the PSA8 Wagner could send it in and have it encapsulated in a PSA-AUTH holder and have about 100,000 free submissions for grading!!! Wow, what a frigging deal!!!

[Shoele$$]

As others have said, at this point, the history/controversy is what a lot of deep pocket non-purist collectors will be interested in. That's what's gonna sell the card if it ever does go back up for auction. You still can't argue that the image quality is still by far the best of any other Wags. That and the "story" behind it will be the selling points, not the technical grade itself.