ethical question

[perezfan]

Originally Posted by Johnny630

To me it all has to come down to the grading company PSA....they’re supposed to be the authority.....what good is their services if they can’t stop this.....
If people lose their faith in PSA our Industry will be DONE. This is why I believe nothing will happen except business as usual for PSA meaning no reason why this happened no paying back no addressing it publicly period. To many people have millions of dollars tied up in this industry they don’t want it to fall I don’t want it to fail.

Does PSA have a good excuse or Reason why this happened?
The more they deny and keep hush the worse it’s gonna be for PSA in the long run......

I still think Nothing is Going to a Change .....I feel like at PSA, they’re saying, or at least telling their share holders stay calm keep hush....there are too many suckers whom are addicted to our registry and grading brand.... we are making Everyone Tons of Money on our Brand/slabbed cards/they need us... The dealers, Auction Houses, Collectors, Flippers are profiting......they need us more then we need them....they won’t bite the hand that feeds them.
Keep Quiet we will get through this....our brand is strong.

Agree with all the above, except for the part highlighted in bold italics...

I do not think the hobby is anywhere near "done" if PSA were to go down. It was a great hobby before PSA ever existed, and it could continue to be. Very quickly, something else would come along to inevitably replace them. If there are to be any "learnings" from this scandal, then the new entity will be something improved and enhanced.

The vast majority of cards in PSA Holders wouldn't be deemed bad. Some current 8s, 9s and 10s would lose some value, and deservedly so. The grading game is very close to a monopoly right now, and perhaps a new player or two would be a good thing for the majority of collectors.

That said... you're probably right. Big money and corrupt influences will dictate that nothing changes.

[Fred]

If the card is raw and there's an issue, then yes, a refund by the seller would be in order.

If the card is graded then it should be on the TPG to take care of business.

IMO, most collectors will bid based on the grade and the fact that the TPG has opined the card has not been altered. That said, the bidder better understand the differences between a reputable and fly by night TPG.

It's pretty sad to see this hobby being "de-graded" as rapidly as it has in the past few years.

[Peter_Spaeth]

Originally Posted by perezfan

Agree with all the above, except for the part highlighted in bold italics...

I do not think the hobby is anywhere near "done" if PSA were to go down. It was a great hobby before PSA ever existed, and it could continue to be. Very quickly, something else would come along to inevitably replace them. If there are to be any "learnings" from this scandal, then the new entity will be something improved and enhanced.

The vast majority of cards in PSA Holders wouldn't be deemed bad. Some current 8s, 9s and 10s would lose some value, and deservedly so. The grading game is very close to a monopoly right now, and perhaps a new player or two would be a good thing for the majority of collectors.

That said... you're probably right. Big money and corrupt influences will dictate that nothing changes.

There's always SGC, or is it now S_C?

[steve B]

Peter, Could PSA not honoring it's guarantee and passing the buck to sellers be taken as false advertising?

[Peter_Spaeth]

Originally Posted by steve B

Peter, Could PSA not honoring it's guarantee and passing the buck to sellers be taken as false advertising?

Where are they "advertising" the guarantee? I forget where it is now. I only know where SGC's used to be.

[steve B]

A link at the bottom of this page
https://www.psacard.com/services/tradingcardgrading

Takes you here
https://www.psacard.com/about/financialguarantee/

I think I see where you're going, it's more just there than advertised, so maybe the answer would be no.

[Peter_Spaeth]

It doesn't seem to me like the type of case a government agency would ever pursue at least not in isolation. I guess a statement on a website might fall within a definition of advertising since it's promoting a service, but still...

[steve B]

I wasn't thinking government agency, but the point seems the same, that the idea is pretty weak.

^Reason I do prototyping and wrenching and not law.

I got close once though. In drafting school there was an ad on the bulletin board for a law school. I figured it would be nice to be a patent lawyer who could do his own drawings, which were a specialty at the time.

I called and they seemed annoyed that I didn't have at least a bachelors degree in something yet, and even more so when I pointed out that they were advertising in a 2 year state technical school that didn't even offer bachelors degrees.