How do you think it all shakes out

jammin0511 · #1 06-07-2019, 04:29 AM

My (far-fetched) prediction: As a result of the scandal, the integrity of grading companies will be significantly compromised, and "gem mint" cards will become much less desirable. A large percentage of the "investors" in the hobby (honest people who buy cards with the sole intention of making profit) will shy away from the market, and overall demand will decrease. "High end" vintage cards will lose value due to paranoia, and authenticity will become more important than condition. Finally, junk wax will make a huge comeback (no one is worried about their 1987 Donruss Barry Larkin being unknowingly altered) and my collection will be worth what my 1992 Beckett says it's worth

Fballguy · #2 06-07-2019, 07:02 AM

Quote:

Originally Posted by jammin0511

My (far-fetched) prediction: As a result of the scandal, the integrity of grading companies will be significantly compromised, and "gem mint" cards will become much less desirable. A large percentage of the "investors" in the hobby (honest people who buy cards with the sole intention of making profit) will shy away from the market, and overall demand will decrease. "High end" vintage cards will lose value due to paranoia, and authenticity will become more important than condition. Finally, junk wax will make a huge comeback (no one is worried about their 1987 Donruss Barry Larkin being unknowingly altered) and my collection will be worth what my 1992 Beckett says it's worth

The ironic consequence...everyone becomes millionaires thanks to the closet of junk wax they couldn't bring themselves to throw away.

cannonballsun · #3 06-15-2019, 08:17 AM

I would say the card restoration/alteration business is way, way more widespread than we could guess.
In the SCD in 2008, they interviewed Dick Towle of Gone With The Stain. He said in 2008 that they had worked on 15,000 to 18,000 cards. That is over 10 years ago. They said that they started their company in 1993.
And that is only one company. I'm sure there are others out there.
They claim all their work is undetectable to card grading companies. I am sure many, many of those cards have been graded. Hopefully, cards that they worked on won't start disintegrating one day.
Until new technologies that can detect their work are discovered, I don't know what the grading companies can do