I guess I'm a little surprised that the overwhelming majority of collectors on this thread are viewing this so negatively.
I agree there are definite negatives...mostly the delay in paying for a card and then receiving it. Depending on how backed up they get, the delay might be significant. And they definitely need "authenticators" that know their stuff...especially on rare vintage.
However, there is also a lot of upside. Hopefully eBay scammers will start to think twice now about listing their fakes because they know they have to go through an extra layer of authentication, and can't count on the fact they can just scam a new collector that may not know what to look for in identifying fakes. I'm hoping to see a lot less "found this card in my uncle's attic" Babe Ruth listings now.
I for one have NEVER spent more than $200 on a raw card for fear of fakes...even though I prefer raw cards in binders, I have relied on SGC and PSA slabs for those expensive cards because of the extra protection (I know, I know, they have slabbed fakes....but it is NOT common and you are much less likely to get a fake slabbed card from one of the major graders as opposed to buying raw).
I still may not buy raw cards over $200...however, hopefully I start hearing good things from fellow Net54 members who have gone through this new service and have positive feedback about it protecting them from fake cards. If this service does what's advertised, it opens up a new collecting avenue....which is higher dollar RAW cards in my collection...which I honestly prefer. And on top of that, maybe this will keep prices lower on some of those cards because sellers won't feel the need to grade and then recoup the currently outrageous grading fees for these cards when they put them up for sale.
So after thinking through it, I'll go on record as saying I'm cautiously optimistic. We'll see!
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