Memory Lane sold cards they didn't have per SCD

[savedfrommyspokes]

Originally Posted by MattyC

Say it was held at FedEx for Joe to pick up— can't it get stolen there? Happened to me once.

Say Joe brought them in person, kept them in his room. Goes out for a burger. Can't the room safe get burglarized?

Say Joe kept the box on his person at all times. He can get robbed. Then what— the internet says he's dumb for carrying them, why didn't he put them in a safe or ask the hotel to put them in the management's safe.

Like you said, Peter: hindsight is 20/20. People on the internet can Monday Morning QB this thing a billion different ways. But thieves are gonna thief.

Obviously, any imaginable transportation scenario would yield some chance for loss, so utilizing the scenario with the least amount of risk would make the most sense. If ML picks up this package directly from the carrier an entire entity is eliminated (the BW) from the "chain of possession" which is going to significantly reduce the risk for loss.

[Aaron Seefeldt]

I'm curious to know if these cards were part of the stolen box:

D304 E Collins PSA 3 = $14,298
D304 Lajoie PSA 4 = $20,934
D304 Mathewson PSA 3 = $42,290
D304 Wagner PSA 3 = $50,339

An SGC 3 D304 Wagner sold in REA in August of last year for $11,700...

Curiosity killed the cat but the above prices made absolutely no sense whatsoever.

[Bicem]

Originally Posted by Aaron Seefeldt

I'm curious to know if these cards were part of the stolen box:

D304 E Collins PSA 3 = $14,298
D304 Lajoie PSA 4 = $20,934
D304 Mathewson PSA 3 = $42,290
D304 Wagner PSA 3 = $50,339

An SGC 3 D304 Wagner sold in REA in August of last year for $11,700...

Curiosity killed the cat but the above prices made absolutely no sense whatsoever.

And a higher grade Matty was sitting on eBay for much much cheaper.

Maybe the thieves bid them up?

[Carter08]

Originally Posted by Bicem

And a higher grade Matty was sitting on eBay for much much cheaper.

Maybe the thieves bid them up?

I think someone said that one was gobbled up after the auction ran. That buyer might not be happy if the sale was one of the phantom ones.

[Jewish-collector]

How do the big Art auction houses transport/store high end material for Art shows & auctions ?

[brunswickreeves]

Originally Posted by Aaron Seefeldt

I'm curious to know if these cards were part of the stolen box:

D304 E Collins PSA 3 = $14,298
D304 Lajoie PSA 4 = $20,934
D304 Mathewson PSA 3 = $42,290
D304 Wagner PSA 3 = $50,339

An SGC 3 D304 Wagner sold in REA in August of last year for $11,700...

Curiosity killed the cat but the above prices made absolutely no sense whatsoever.

Was the 1910 Tip Top Bread Wagner pose graded PSA 1.5 that auctioned for $81K part of the stolen lot?

[Snowman]

Originally Posted by savedfrommyspokes

Obviously, any imaginable transportation scenario would yield some chance for loss, so utilizing the scenario with the least amount of risk would make the most sense. If ML picks up this package directly from the carrier an entire entity is eliminated (the BW) from the "chain of possession" which is going to significantly reduce the risk for loss.

Worth pointing out is the fact that not all flavors of theft are the same from the perspective of the insurance company. Some forms of theft are much more likely than others, which is why they impose different maximum payouts for different scenarios.

If I brought my cards over to a friend's house and asked him to watch them for me while I went to Disneyland for a few days, I can assure you that my insurance policy is going to give me the middle finger if I were to file a theft claim after his meth-head cousin stole my box of cards. But they would honor my claim if I left them in my safe and my home was burglarized and my safe broken into while we were on vacation.

While this strawman scenario isn't the exact same thing, it's also not that different from what supposedly transpired.

I used to work for a major insurance provider. I wrote algorithms to detect fraudulent claims. Insurance companies are in the business of denying claims, not honoring them. Honoring a claim only occurs after every attempt at denying it has failed. It's all going to come down to the specific language of the policy that details the coverage limits, if any, for when you ship something worth $2 million dollars to a Best Western Plus and ask them to hold it for you until you arrive a few days later. Perhaps they have some sort of rider that covers such egregious acts of negligence, but I certainly wouldn't be as confident as some people here seem to be that ML's loss is covered should they indeed have to file the claim.