Let's discuss conspiracies and a billion dollar fraud

[WhenItWasAHobby]

Originally Posted by Fuddjcal

https://www.youtube.com/watch?v=g4louSPP3iE

This video asks the question "PSA: Incompetent or Complicit?"

you know what I think. How about you?

Thanks for posting that Chuck. A lot of revealing information on that video.

There may be a third option other than "Incompetent or Complicit" and that may be "Indifference". I know PSA has been aware of this problem for quite a long time (at least 10 years based on my personal experience and more likely 12 years based on a reliable source who also confronted PSA) and best to my knowledge, nothing sufficient was done to fix the problem. It's become very obvious to me they have a business model where they put minimal effort into their service, put some effort into advertising and damage control, and consequently generate a lot of money and that's the bottom line. Everyone is happy: CU, CU stockholders, the card doctors and the hopelessly addicted competitive registry junkies. The one exception is the small minority of principled collectors that know about the problem and consequently sell their PSA cards and move on into some other hobby.

[perezfan]

Originally Posted by WhenItWasAHobby

Thanks for posting that Chuck. A lot of revealing information on that video.

There may be a third option other than "Incompetent or Complicit" and that may be "Indifference". I know PSA has been aware of this problem for quite a long time (at least 10 years based on my personal experience and more likely 12 years based on a reliable source who also confronted PSA) and best to my knowledge, nothing sufficient was done to fix the problem. It's become very obvious to me they have a business model where they put minimal effort into their service, put some effort into advertising and damage control, and consequently generate a lot of money and that's the bottom line. Everyone is happy: CU, CU stockholders, the card doctors and the hopelessly addicted competitive registry junkies. The one exception is the small minority of principled collectors that know about the problem and consequently sell their PSA cards and move on into some other hobby.

All very true...

But if we only had a way to reach and inform the “Registry Whales” of their tainted cards, it could start to turn the tide. I know that some of them wouldn’t care to know (and only see the number on the flip). But I have to believe the majority WOULD care, if they only knew. And subsequent legal action would surely ensue.

Perhaps if we ever figure out how to spread the word beyond these forums, we can finally begin to make a dent in the ever-increasing levels of corruption. Nothing will change at PSA unless their revenue stream begins to weaken.

But as long as they’re raking in the cash, there is no motivation for them to change a thing. Shareholders before customers!

[Johnny630]

Originally Posted by perezfan

All very true...

But if we only had a way to reach and inform the “Registry Whales” of their tainted cards, it could start to turn the tide. I know that some of them wouldn’t care to know (and only see the number on the flip). But I have to believe the majority WOULD care, if they only knew. And subsequent legal action would surely ensue.

Perhaps if we ever figure out how to spread the word beyond these forums, we can finally begin to make a dent in the ever-increasing levels of corruption. Nothing will change at PSA unless their revenue stream begins to weaken.

But as long as they’re raking in the cash, there is no motivation for them to change a thing. Shareholders before customers!

100% agree Mark ! Your last statement was bottom line to the point truth!

Would like to see this Scandal in the IBD or American Greed

[bmcnutt]

The card price in this link is a price example of my distaste for card grading companies. The Beckett Book Value of this card is $6.00. But Dean's Cards is selling it as if it is a PSA 8, and the card is not even graded.

https://www.ebay.com/itm/1969-Topps-...ss!38863!US!-1

[al032184]

Dean's Cards has ALWAYS sold cards significantly marked up from any book value, graded or not. He has been selling cards for a couple decades. I've never heard anything shady coming from his business, except that he's stubborn with his prices, which he has the right to be, for better or worse. Hell, if he hasn't been involved in any altering scandals, his mark ups might be worth knowing he doesn't sell altered cards.