[bn2cardz]

This email only states what has been on the Small Traditions website under the "Cosign" tab.

http://www.smalltraditions.com/consignwithus.aspx

Explain It To Me: How Is This Possible?

You send us your treasured $2,000 Mickey Mantle rookie card, which you think looks just about perfect. We consult over the phone and discuss the various stages and challenges to the grading process, but we agree that your Mantle RC could possibly grade as high as NM 7, and so we pay $25 to FedEx to securely ship it to PSA to undergo an initial $35 round of grading. PSA returns the card, but it’s only been graded PSA 6 EX-MT. We think the card has been under-graded, so we pay FedEx another $25 to send it back to PSA to undergo a $35 review. PSA returns the card, and it’s now graded PSA 6.5 EX-MT+, which is more than a $1000 difference over a regular PSA 6 EX-MT, but we still think the card should be a PSA 7 NM, and so we take the card with us to the PSA Dealer Invitational event in Las Vegas and debate its NM 7 merits with a PSA grader in person. The PSA grader agrees, PSA “reslabs” the card as a PSA 7 NM—a $5,000 difference over a PSA 6 EX-MT—and we then sell it in our next auction. The final bid is $12,000. Two weeks later, we send you a check for $12,000, and we keep the 15% buyers premium, which we added to the final bid, and which covers our grading and other expenses (like this website) and provides for a modest profit.