A counterfeiters dream

[brookdodger55]

I would expect PSA them self to purchase this lot then destroy them. Maybe it's just me but it could be a nightmare for them if these get used on put into the market place. A small amount of money to spend to avoid negative publicity if they are used. I know some will say they can't purchase every flip, but this would qualify as a rare situation. I would say give the guy $1000 worth of grading, but as you can see I don't think this guy likes graded cards.
Mike

[buymycards]

There sure are a lot of losers and crooks in the world.

[pepis]

Originally Posted by buymycards

There sure are a lot of losers and crooks in the world.

Is it a 50/50 proposition?
for every loser there is a winner

[Eric72]

Originally Posted by pepis

Is it a 50/50 proposition?
for every loser there is a winner

Pepis,

No, I do not believe this is a 50/50 proposition. Respectfully, I posit the following:

Frauds tend to present like a pyramid...and, typically, the only person or people who make money are at the top, while everyone else gets screwed.

In this particular instance, the person selling the flips is akin to Bernie Madoff. Everyone else involved (who makes money here) should be likened to early investors of that Ponzi scheme.

Just my two cents,

Eric

[conor912]

At this rate, I can't help but wonder if the on-line buying of graded cards will at some point become riskier than buying raw.....

There's too much money to be made and apparently no legal consequences.

[vintagetoppsguy]

It kind of reminds me of this thread from a few months ago when one of our own board members was trying to sell flips and cracked slabs on eBay. Fortunately, eBay cancelled the listing.

http://www.net54baseball.com/showthread.php?t=172405