The Opportunity

buymycards · #1 06-16-2019, 06:21 AM

This will be a great opportunity for the shady characters to cheat and scam their customers. The LOA's will be as reliable as a PSA 10 slab.

Mark17 · #2 06-16-2019, 06:40 AM

Quote:

Originally Posted by buymycards

This will be a great opportunity for the shady characters to cheat and scam their customers. The LOA's will be as reliable as a PSA 10 slab.

An LOA from a reputable dealer will have value. A LOA from a shady character will have none. Same as with GU stuff.

bnorth · #3 06-16-2019, 07:09 AM

Quote:

Originally Posted by Mark17

An LOA from a reputable dealer will have value. A LOA from a shady character will have none. Same as with GU stuff.

The problem I see is how would people know who the reputable dealer is. There is one seller on your list that the only way they sold something authentic was by accident.

MULLINS5 · #4 06-16-2019, 07:57 AM

I agree that there should be more offered for higher end. I don't think, though, that PSA will offer more for the same price, and for the what they charge to authenticate and grade higher end I'd already expect a full report on the item.

I've read the high fees are for insurance reasons...but there's only about $800k in reserve for payouts. If that's the case, where's the money?

Fballguy · #5 06-16-2019, 09:36 AM

Do dealers want to be authenticators too?

Mark17 · #6 06-16-2019, 09:45 AM

GU dealers aren't shy about describing their items to the best of their knowledge and ability - and putting it in writing in the form of an LOA. Why not for cards, too?

1952boyntoncollector · #7 06-16-2019, 09:48 AM

The purple stickers is all that is needed.....are the purple stickers thus far untouched in this trimming scandal?

Fballguy · #8 06-16-2019, 09:53 AM

Quote:

Originally Posted by Mark17

GU dealers aren't shy about describing their items to the best of their knowledge and ability - and putting it in writing in the form of an LOA. Why not for cards, too?

Cards would be much more difficult. It's easy to tell if a jersey has a sewn repair. It's apparently VERY difficult to tell if a card has been doctored. Even the paid "experts" can't tell.

steve B · #9 06-16-2019, 03:02 PM

Quote:

Originally Posted by Mark17

GU dealers aren't shy about describing their items to the best of their knowledge and ability - and putting it in writing in the form of an LOA. Why not for cards, too?

It's most likely a matter of scale. How many game used items does a dealer typically handle in a year? A couple hundred?

How many cards does a dealer handle in a year... PWCC usually has a few thousand at all times, running lets say 4000 a week is 208,000 a year. Lets say someone handles 1/10 the volume. That's still close to 21,000 items a year. So they'd have to write 57 letters a day.

I believe accuracy would suffer.

I do think that a TPG that gathered the same information could do very well. But it's a hard thing to try to get started, with three major competitors.

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