Ebay seller returned cracked out slab

[Peter_Spaeth]

Originally Posted by Marchillo

I can’t answer for Dave but would a satisfactory answer be - he bought the card a long time ago and later it was revealed that GAI graded cards have issues. Instead of taking the gamble he’ll auction it off as is even if it might be worth 3X the value in another holder. The new buyer doesn’t mind the gamble and drops $5K on the card. The gamble doesn’t pay off.

If the card crosses at a PSA 7 Dave isn’t going to get more money from the buyer. And I’m sure this happens with GAI cards. They aren’t all bad but they come with inherent risk. I’d assume someone with 11k feedback would know this. So like others have said this opens up a can of worms for every GAI card that is sold. It’s a free gamble for a buyer.

If I thought a GAI 7 Gehrig was legit and fairly graded, and it was worth 3x in a PSA or SGC holder, it's a no brainer I would take the gamble. It's not rational to leave that much money on the table.

[Aquarian Sports Cards]

Originally Posted by Peter_Spaeth

If I thought a GAI 7 Gehrig was legit and fairly graded, and it was worth 3x in a PSA or SGC holder, it's a no brainer I would take the gamble. It's not rational to leave that much money on the table.

Would you crack it?

[Peter_Spaeth]

Originally Posted by Aquarian Sports Cards

Would you crack it?

If I believed in it yes; I think the chances of PSA or SGC crossing a GAI graded card in a slab are probably not good just on principle.

Originally Posted by Peter_Spaeth

If I believed in it yes; I think the chances of PSA or SGC crossing a GAI graded card in a slab are probably not good just on principle.

Obviously the buyer agreed which is why he decided to crack it. That said, the reasoning for cracking is irrelevant. Its cracked. The buyer is not returning the item he purchased, a 1933 Goudey Lou Gehrig in a GAI 7 slab. He even lied to eBay about it and we're going to pretend he didn't know exactly what he was doing? BS

[Peter_Spaeth]

Originally Posted by Gobucsmagic74

Obviously the buyer agreed which is why he decided to crack it. That said, the reasoning for cracking is irrelevant. Its cracked. The buyer is not returning the item he purchased, a 1933 Goudey Lou Gehrig in a GAI 7 slab. He even lied to eBay about it and we're going to pretend he didn't know exactly what he was doing? BS

I don't disagree, but how sad that we have got to the point where the "item" is not the card but the slab and flip.

[bnorth]

Originally Posted by Peter_Spaeth

I don't disagree, but how sad that we have got to the point where the "item" is not the card but the slab and flip.

The slab and flip have been the product for a long long time. When a raw card sells for $6 and that exact same card in a slab and flip sells for $500 the only difference is the slab and flip. To me that makes the slab and flip the product, to most the actual card means nothing.

[bobbyw8469]

Originally Posted by bnorth

The slab and flip have been the product for a long long time. When a raw card sells for $6 and that exact same card in a slab and flip sells for $500 the only difference is the slab and flip. To me that makes the slab and flip the product, to most the actual card means nothing.

Ben for the win! Auctions even brag about this phenomenon!!! Anyone noticed the back of Leland's auction catalog this month?? I can scan it when I get home for those that don't know.

[Fred]

Originally Posted by bnorth

The slab and flip have been the product for a long long time. When a raw card sells for $6 and that exact same card in a slab and flip sells for $500 the only difference is the slab and flip. To me that makes the slab and flip the product, to most the actual card means nothing.

Yup, the slab and flip are the product, couldn't agree more with that part of the statement. I think for older/vintage material the card does have actual meaning to collectors.

Ben, you nailed it on the flip and slab.

[irishdenny]

Originally Posted by Peter_Spaeth

I don't disagree, but how sad that we have got to the point where the "item" is not the card but the slab and flip.

"This Began wit the 1st Card Ever Graded by PSA!"