PSA Response from President Steve Sloan

[Aquarian Sports Cards]

Originally Posted by jhs5120

This is where I get lost. What needs to be disclosed? Any alterations? Some people clearly have different definitions of what alterations are. Do you have to abide by hobby norms? Hobby norms would be to advertise the condition assigned by a TPG as the condition of the card. Hobby norms have never been to disclose condition details beyond the TPG grade.

This has been explained so many times. Let's try a different approach. Have you ever bought or sold a home? Have you completed the disclosure? It is so detailed because it would be easy to forget something material to the decision to buy the house. There it is. Anything that would reasonably affect a person's decision to purchase NEEDS TO BE DISCLOSED. If it's in a PSA 10 holder but you know it's trimmed then you have to disclose it.

[jhs5120]

Originally Posted by Aquarian Sports Cards

This has been explained so many times. Let's try a different approach. Have you ever bought or sold a home? Have you completed the disclosure? It is so detailed because it would be easy to forget something material to the decision to buy the house. There it is. Anything that would reasonably affect a person's decision to purchase NEEDS TO BE DISCLOSED. If it's in a PSA 10 holder but you know it's trimmed then you have to disclose it.

If there is a problem with the roof of a house, it'll cost tens of thousands to replace. If there is a wax stain removed from a card, it will cost you nothing.

I'm a reasonable person, I don't require a wax stain removed to be disclosed. Some people do.

If I sold a card graded by a TPG, I would find it unreasonable if a buyer came back to me after learning that a wax stain was removed from the card.

[Aquarian Sports Cards]

Originally Posted by jhs5120

If there is a problem with the roof of a house, it'll cost tens of thousands to replace. If there is a wax stain removed from a card, it will cost you nothing.

I'm a reasonable person, I don't require a wax stain removed to be disclosed. Some people do.

If I sold a card graded by a TPG, I would find it unreasonable if a buyer came back to me after learning that a wax stain was removed from the card.

Gee, would be simpler just to disclose it then, wouldn't it? I also wouldn't care about a wax stain removed by mundane physical means (the old panty hose trick) But the standard is not what you as seller deem reasonable. Also you're creating a strawman here as wax stain removal is nowhere near the issue at hand.

The people who want to play devil's advocate and "what if" games confuse me. We don't need to IMAGINE scenarios and pose hypotheticals. We have plenty of ACTUAL cases to deal with here. Not to cast aspersions but I do wonder at the motives of the people trying to come up with scenarios that skirt the line of fraudulent behavior. To what end are these people engaging in this exercise?

[jhs5120]

Originally Posted by Aquarian Sports Cards

Gee, would be simpler just to disclose it then, wouldn't it? I also wouldn't care about a wax stain removed by mundane physical means (the old panty hose trick) But it's not what you as seller deem reasonable.

That's the issue, how can the seller know what is deemed reasonable to the buyer? There are a lot of unreasonable buyers.

For years the standard was that the assigned TPG grade was satisfactory disclosure. Is that now changing?