That SCP T206 Wagner

[chriskim]

Originally Posted by BobC

Soooooooo, has anyone ever asked PSA what THEIR meanings and differences are between the grades of "Authentic" and "Genuine"? I would think this should be a legitimate question to ask of them, and for which they should easily be able to answer. Unless there's no one still working there from when this card was originally graded to remember why it was slabbed as "Geniune". I'd love to hear their official answer, rather than just speculating.

I think the other important question to ask is, why SCP does not re-holder the card. I have no doubt it is a real Wagner. But is that because it cost $50k to re-holder a Wagner?

[BobC]

Originally Posted by chriskim

I think the other important question to ask is, why SCP does not re-holder the card. I have no doubt it is a real Wagner. But is that because it cost $50k to re-holder a Wagner?

And there is a clear example of a potential issue with a TPG having a possible conflict of interest, and why they should not be allowed to charge grading fees on a contingent basis, based solely on the perceived value of the card/item being graded. It is in the TPG's interest to grade something like this as at least being authentic, so it has value and they can charge an exorbitant fee. But what if there was a serious question as to the authenticity, if they say it isn't authentic, then the value is basically nothing and they shouldn't be entitled to charge and collect such a huge grading fee. And there's the potential conflict of interest.

Same reason it may be in a TPG's interest to not be so strict in grading trimmed and altered cards, and let them go through with numerical grades. The higher grades mean more card value, and therefore more grading fees for the TPG.

This contingent fee billing has been, and always will be, a very real potential conflict of interest for any TPG that uses that billing practice. If a TPG is truly honest, unbiased, and with absolutely no conflicts of interests, they should be examining each and every card/item they are grading the exact same way, using the exact same methods and procedures, and therefore taking about the same amount of time to examine each and every card, whether it's a '52 Mantle or an '87 Donruss common. And as a result, the grading fee for both should be about the same, and have nothing whatsoever to do with the value of either card. Anything else just shows and promotes the inherent bias and potential conflict of interest that absolutely exists in every TPG that conducts business this way in regards to contingent billing. This is not a debatable question, it is an absolute and irrefutable fact........period!

[Gorditadogg]

Originally Posted by BobC

And there is a clear example of a potential issue with a TPG having a possible conflict of interest, and why they should not be allowed to charge grading fees on a contingent basis, based solely on the perceived value of the card/item being graded. It is in the TPG's interest to grade something like this as at least being authentic, so it has value and they can charge an exorbitant fee. But what if there was a serious question as to the authenticity, if they say it isn't authentic, then the value is basically nothing and they shouldn't be entitled to charge and collect such a huge grading fee. And there's the potential conflict of interest.

Same reason it may be in a TPG's interest to not be so strict in grading trimmed and altered cards, and let them go through with numerical grades. The higher grades mean more card value, and therefore more grading fees for the TPG.

This contingent fee billing has been, and always will be, a very real potential conflict of interest for any TPG that uses that billing practice. If a TPG is truly honest, unbiased, and with absolutely no conflicts of interests, they should be examining each and every card/item they are grading the exact same way, using the exact same methods and procedures, and therefore taking about the same amount of time to examine each and every card, whether it's a '52 Mantle or an '87 Donruss common. And as a result, the grading fee for both should be about the same, and have nothing whatsoever to do with the value of either card. Anything else just shows and promotes the inherent bias and potential conflict of interest that absolutely exists in every TPG that conducts business this way in regards to contingent billing. This is not a debatable question, it is an absolute and irrefutable fact........period!

Well, since you don't want to debate it, let's just agree to disagree.

[mrreality68]

That is odd. I always thought we all always agreed with each other

This is such an oddity

[BobC]

Originally Posted by Gorditadogg

Well, since you don't want to debate it, let's just agree to disagree.

Al,

If you truly don't understand what makes up and can cause a conflict of interest, and how that can be considered a potential problem when you are supposedly paying someone to give you their HONEST AND TOTALLY UNBIASED opinion, you really are better off saying nothing!!!

When dealing with someone that is supposed to be independent and unbiased, that independence should be in both fact AND appearance. So how does a company giving their subjective opinion on the condition of something that directly affects that items value, and therefore how much they can charge for giving that opinion, not in this or any parallel universe you could ever invent be anything other than a potential conflict of interest?!?!?!

Now if you were just trying to be sarcastic or funny, try making that a bit more obvious next time please.

[babraham]

Up to $360k with over 5 days remaining.

[Mark17]

Originally Posted by BobC

When dealing with someone that is supposed to be independent and unbiased, that independence should be in both fact AND appearance. So how does a company giving their subjective opinion on the condition of something that directly affects that items value, and therefore how much they can charge for giving that opinion, not in this or any parallel universe you could ever invent be anything other than a potential conflict of interest?!?!?!

Agree. I'd put it this way: When you refinance your home and get an appraisal, would it be legal and ethical to offer the appraiser a bonus if she comes in with a high appraisal?

[BobC]

Originally Posted by Mark17

Agree. I'd put it this way: When you refinance your home and get an appraisal, would it be legal and ethical to offer the appraiser a bonus if she comes in with a high appraisal?

Mark,

It would certainly not be ethical. Not as sure about legality as it would likely vary by state, but can imagine it some type of fraud it they purposely inflated a valuation.

[chriskim]

sold for $475,960. Reasonable price.