Fraud in the hobby

[Casey2296]

I would also suggest that members here make a concerted effort to post interesting collecting stories that have nothing to do with the "business", after all, it is required as per Leon's rules of the sub if anybody bothered to read them.

[doug.goodman]

Originally Posted by Casey2296

I would also suggest that members here make a concerted effort to post interesting collecting stories that have nothing to do with the "business", after all, it is required as per Leon's rules of the sub if anybody bothered to read them.

We all make those posts in other threads, this thread is specifically talking about the "business". If you were looking for interesting stories, and based on your post it sounds like you are, you should have taken the title of this thread as a pretty clear hint that there weren't going to be any here, and clicked on a different thread.

Here's an interesting card for you, which has plenty of interesting stories attached to it, and most of them are about "fraud in the hobby".

Doug

[Casey2296]

This thread is talking about losing the joy of the hobby because of the "business" of the hobby. While the business is an important aspect of the hobby I would posit that one less divisive thread about politics and one more thread about acquiring that card or finishing that set and the journey along the way would reinforce the joy of the hobby for collectors here.

[ALBB]

what about the collector who " accidently " gets caught up in fraud ...

ex- the guy ( guys) who was fooled by these mighty grading services that " didnt do their job " and bought one of these high dollar vintage cards that was doctored ...paid thousands for a card that was later deemed trimmed ..but PSA slabbed it as - EX MT 7.

This guy now knows the card is bad

Maybe it sits in his collection for a while

sooner or later he will sell it ..maybe he breaks it out and try's to get it graded again.... maybe breaks it out and " plays dumb" and sells it raw....

bottom line is he knows the card is bad...but he wants to recoup his money

With all the cards that have been uncovered as doctored in the past...I believe this scenario will happen ( or has happened) many times

[Johnny630]

Originally Posted by ALBB

what about the collector who " accidently " gets caught up in fraud ...

ex- the guy ( guys) who was fooled by these mighty grading services that " didnt do their job " and bought one of these high dollar vintage cards that was doctored ...paid thousands for a card that was later deemed trimmed ..but PSA slabbed it as - EX MT 7.

This guy now knows the card is bad

Maybe it sits in his collection for a while

sooner or later he will sell it ..maybe he breaks it out and try's to get it graded again.... maybe breaks it out and " plays dumb" and sells it raw....

bottom line is he knows the card is bad...but he wants to recoup his money

With all the cards that have been uncovered as doctored in the past...I believe this scenario will happen ( or has happened) many times

The problem is the cards altered or not are worth just as much if not more if they're in a holder. Sending it to a major auction house seems to work.

[bnorth]

Originally Posted by ALBB

what about the collector who " accidently " gets caught up in fraud ...

ex- the guy ( guys) who was fooled by these mighty grading services that " didnt do their job " and bought one of these high dollar vintage cards that was doctored ...paid thousands for a card that was later deemed trimmed ..but PSA slabbed it as - EX MT 7.

This guy now knows the card is bad

Maybe it sits in his collection for a while

sooner or later he will sell it ..maybe he breaks it out and try's to get it graded again.... maybe breaks it out and " plays dumb" and sells it raw....

bottom line is he knows the card is bad...but he wants to recoup his money

With all the cards that have been uncovered as doctored in the past...I believe this scenario will happen ( or has happened) many times

It happens every single day.

From what I have seen it goes something like this.

1) Sell it and don't worry because that slab says it is a PSA 7 so it is a PSA 7.
2) Sell it and don't say anything because as the seller getting your cash back is #1.
3) Sell with full disclosure knowing no one will care anyway because the flip rules.
4) Send to PSA to get the grade confirmed. Then sell in the same slab because PSA confirmed their opinion.
5) Eat the loss, LOL I know it likely will never happen but someday it might.
6) PSA honors its guarantee.