Conservation vs restoration defined by other genres of collectibles

[Peter_Spaeth]

Originally Posted by Dpeck100

PWCC has 7,769 active listings at this moment. The reality is there are way more people like you that have had positive dealings with them and will continue to bid on their auctions.

There are plenty of corporations that have taken social stances that I don't agree with but it doesn't stop me from shopping there.

Someone doesn't have to agree with all of the decisions that Brent and crew are making to still be a customer.

Yes but that doesn't really prove much, people would bid in an ISIS auction if it was a card they needed.

[Dpeck100]

Originally Posted by Peter_Spaeth

Yes but that doesn't really prove much, people would bid in an ISIS auction if it was a card they needed.

I agree.

There are so many posts about this current scandal predicting their demise and PSA's and people are just fooling themselves.

I am not in favor of everything PWCC is doing but it doesn't change the fact that they are the most powerful seller in the entire hobby at this point.

In reality it is their's to lose.

[Peter_Spaeth]

Originally Posted by Dpeck100

I agree.

There are so many posts about this current scandal predicting their demise and PSA's and people are just fooling themselves.

I am not in favor of everything PWCC is doing but it doesn't change the fact that they are the most powerful seller in the entire hobby at this point.

In reality it is their's to lose.

Yeah people especially on BO are a bit giddy to say the least. Shorting CLCT stock and such. I'd like to see some constructive change and especially deterrence of card doctoring and enabling, as well as improvement in grading, but I don't think it's apocalypse now.

[Dpeck100]

Originally Posted by Peter_Spaeth

Yeah people especially on BO are a bit giddy to say the least. Shorting CLCT stock and such. I'd like to see some constructive change and especially deterrence of card doctoring and enabling, as well as improvement in grading, but I don't think it's apocalypse now.

CLCT cleared the number we discussed and is into the gap and the stock is 11% higher plus it went ex dividend since this ordeal started. The small caps or IWM are breaking down yet this is making new highs daily. The company has gained close to 20 million in market cap. The charts suggest it is going higher. Obviously time will tell but this ordeal is not going to be anywhere close to as big as what people on BO are hoping for. The backlog of cards is the highest in company history at over 700,000.

https://www.stockcharts.com/h-sc/ui?s=clct


I think everyone would like to see things clean up some but this hobby has dealt with fraudsters way before I bought my first pack of cards in 1985. Most of us just know it is out of our control and we just have to do the best we can while we swim with sharks.

[drcy]

An interesting situation, that would have a practical effect, is if there were enough problems with fakes that eBay banned the seller.

That's a situation where collector complaints and chatboard evidence would have material effect.

Another situation would be if, believing the seller was knowingly submitting altered cards, PSA stopped grading cards for them. That would also be a good PR stance of PSA standing up against the issue.

If either of both of those situations happened that would be a hobby-shaking sign of real powers that be taking the issue seriously and doing something of material effect.

[Peter_Spaeth]

Originally Posted by drcy

An interesting situation, that would have a practical effect, is if there were enough problems with fakes that eBay banned the seller.

That's a situation where collector complaints and chatboard evidence would have material effect.

Another situation would be if, believing the seller was knowingly submitting altered cards, PSA stopped grading cards for them. That would also be a good PR stance of PSA standing up against the issue.

If either of both of those situations happened that would be a hobby-shaking sign of real powers that be taking the issue seriously and doing something of material effect.

I am sure PSA has a list. But it's not a company that is going to talk about it.

[CobbSpikedMe]

Well, this entire conversation has evolved a bit since it first started. Martin, you've done a wonderful job of deflecting the conversation away from PWCC knowingly selling altered cards and working with card doctors and to TPGs needing to do what they have proven they can't. Let's remember that this started because Brent decided he was going to play card God and change the definition of alteration. And folks on BO showing how he sells cards that get consigned back to him after they have been altered and passed through a TPG. Why? Because TPGs suck at their job of course. We all agree to that. The problem is what PWCC is doing, not that TPGs can't tell an alteration when they see one. You're constant defense of PWCC is what a lot of us don't understand and why there are so many folks here questioning your motives. You said you don't have any motives. I call BS on that statement. If you didn't have motives you wouldn't have started this thread in the wake of the other threads already rolling. I like that you have an opinion about TPGs needing to do a better job. And I can talk to you about that without throwing out insults. I'm not trying to put you down here, just trying to explain why you're getting so much backlash. Keep up your fight against the TPGs Martin. But realize what else is going on other than how they suck and we all need to mature as a hobby. Remember what started this.

Andy Huntoon

[Peter_Spaeth]

Originally Posted by Dpeck100

CLCT cleared the number we discussed and is into the gap and the stock is 11% higher plus it went ex dividend since this ordeal started. The small caps or IWM are breaking down yet this is making new highs daily. The company has gained close to 20 million in market cap. The charts suggest it is going higher. Obviously time will tell but this ordeal is not going to be anywhere close to as big as what people on BO are hoping for. The backlog of cards is the highest in company history at over 700,000.

https://www.stockcharts.com/h-sc/ui?s=clct


I think everyone would like to see things clean up some but this hobby has dealt with fraudsters way before I bought my first pack of cards in 1985. Most of us just know it is out of our control and we just have to do the best we can while we swim with sharks.

The volume of course is part of the problem -- they're obviously putting a premium on speed over accuracy because otherwise the backlog gets even worse -= but from their perspective it may be the right tradeoff.