Final UPDATE. PSA Guarantee on a doctored card - Actual good news this time

[Peter_Spaeth]

Originally Posted by Gorditadogg

Seems like a bad business plan, in retrospect. You collected $100 on a card that now has $100,000 potential liability to you. You could be right 99.9% of the time and still lose.

If PSA is concerned about it, though, they are not acting like it. Their CEO is out stumping about how conscientious they need to be with their grading, because their guarantee is behind it.

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How was it a bad plan? IMO the entire growth of PSA, the set registry, the explosion in card prices and money inflow into the hobby, happened because of the supply of high grade holdered vintage cards. My supposition is that David Hall understood this from day one.

[Keith H. Thompson]

is that a card goes into the back room, the door closes, and one, maybe two or three guys decide if it is an 8, 9 or 10. Talk about a brilliant concept. I'm still standing in awe.