Bill Mastro -- What He Really Thinks of His Hobby Friends

[Peter_Spaeth]

Originally Posted by SMPEP

But he's right on one thing - there is rampant fraud (trimming, alteration, cutting of sheets) in high grade cards. I seriously don't understand why anyone wants them. I see a PSA 8, 9, 10 and think - fraud. Either it's a doctored card or a grade given to the favorite insiders of PSA/SGC.

The market place dictates the prices. I just don't understand why deep pocket collectors are willing to pay a premium for a card that is almost certainly a lie.

Three reasons.
1. They are willfully blind to what is going on.
2. They look pretty.
3. Ego.

I suppose there is a fourth, which I alluded to before, as long as the market overall doesn't care, the cards are for the most part good investments.