Quote:
Originally Posted by jchcollins
Because to do so in this particular case would be front page hobby news, and would create nothing but negative publicity for PSA. Some might give them credit for being "honest" after all this time, sure - but it would re-ignite the whole debate again and they don't want that. This was almost the perfect storm: Yes, they screwed up on the very first card they ever put in a slab - but it just happened to be the single most famous and expensive card in the entire hobby - and even in the $hitstorm that eventually ensued - the card did not lose value. Not by a long shot.
Personally, I believe that PSA would have had a lot more trouble had the story about Bill Mastro come out at the time of the Gretzky-McNall sale, or shortly thereafter in the months that followed. But it didn't - took years and even decades I think before that was all later proven. So yeah, we now have proof based on what they got off a wire I believe from jailbird Mastro and what he admitted to doing - but PSA sheepishly still stands by tongue-in-cheek claiming that the card is a PSA 8 and not an A. Whatever, I get it. It's the perfect storm because this card is an anomaly if there ever was one. Even if trimmed it's still going to be worth millions of dollars because of the publicity and the controversy. Even if trimmed, it's easily the most eye-appealing copy of the Wagner card known to the hobby.
So bottom line, PSA got lucky. Is it a fair question theoretically why they haven't gone and updated the grade in the database? Of course. But realistically? Not in a million years...
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Understood, I just thought what John said was amusing,
"But if you point them out, they'll hang their hat, accept blame, and get it corrected." I have never, ever, ever, ever seen PSA admit blame...never, ever, ever for anything. Sure they may fix their mistake at no cost, cover shipping both ways, etc., but I have watched time after time, year after year PSA try to sweep anything negative under the rug. To say they hang their hat and accept blame is laughable.