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Old 09-13-2017, 11:17 AM
steve B steve B is offline
Steve Birmingham
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Location: eastern Mass.
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Quote:
Originally Posted by swarmee View Post
True Tony, but that's outside the scope of PSA's purview on a reholder. It's up to the owner of the card (in 99% of cases where PSA doesn't detect alteration or compromised slab during the reholder) to ask for a review with no minimum grade. At that point, the PSA guarantee would come into play, and PSA should/will regrade the card properly and pay the difference between the purchase price and the new value.
However, there's really no way for PSA to have all their cards "recalled" in order to standardize the grading at this point in time. Very few owners would approve of sending in their GPA 6.5 sets and having them returned with 5.3 instead even with a big check coming with it. Too much pride in the set registry. Plus, I wonder if such a recall would invalidate the price guarantee? Are they self-insured? Or would the policy owner balk at maybe cutting a check of a billion dollars during a recall? Who would pay for all the cards (pre-war only?) to be regraded and reholdered? How long would that take in months? Man hours?
A recall would be good in order to get the population report back on track. They could zeroize it on January 1 of a year and then re-add cards that they grade that year and all the reviews/reholders in the same time frame. It's basically a non-starter.

Now there are cards that are egregious (2 grades or more out of whack, over $500 difference?) that PSA should recall when they are pointed out to them. But they'd have to put together a task force for no gain in their opinion. They are already bursting at the seams with new submissions.
Maybe they would just "fix" them like they do sometimes with modern stuff?
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