Proof that the market value for PSA and 'conserved' cards have dropped

[drcy]

Originally Posted by brob28

Interesting John (crazy to me). The question I'd have is: Are they just sitting by watching this play out, hoping, or thinking it will fade away and value will not suffer or do they simply not feel the need to make a decision immediately? My guess is they would be keeping a sharp eye on how this plays out as they can return the cards at any time (I assume) if they see market values moving in the wrong direction. It would be interesting to see how they feel if this moves forward in a meaningful way (litigation or other issues for PSA and others).

If they truly have zero intention of returning cards, I guess they care about registry rank more than the card? Appearance over substance?

If PSA deletes the serial number/card from the database, that makes the decision for them.

Plus, there's a question of if these cards should be turned over the FBI, and, if that's the case, why would a sane person choose to withhold it from the FBI and advertise to the world on a webpage that they own it. A question is, if when a card is outed does it then become evidence in this FBI case. In some sense, it's an "illegal good." I don't know how you can just sell the card in the holder, and certainly you can't do it without overtly stating that it is an altered cards related to a current FBI fraud case.

What a selling point: "You may be purchasing what may be evidence in an ongoing FBI case and may already be on their watchlist. Many of the cards have been and will be turned over to or otherwise confiscated by FBI for potential criminal court proceedings and sentencing. Buy this card and you might get a subpoena from the FBI and the serial number removed from the PSA database."

It would seem that a sane person would want to return these cards refund and get them out of one's registry collection asap. And what sane person is going to buy it? For a variety of reasons, including you don't know when PWCC is going to run out of money for refunds. And in addition to the fact that the card, in earlier form one year earlier, sold for 100X less than the asking price and most hobbyists, and PSA's own website guidelines, would say the value has now been degraded from that.

[brob28]

Can’t agree with you more David. It would be fascinating to sit in a room with the collectors John mentioned and listen to their logic for not returning these cards.

On second thought probably more frustrating than anything else