[Peter_Spaeth]

Originally Posted by BeanTown

So Peter, do you think PWCC should disclose this and update their listing since they know it's been worked on and the grade has been massively improved from a 4 to a 7. I would think the winning bidder would have a great case to return the card if they found out later about the history of the card. Not doing a full disclosure of the known history of the card isn't the best approach IMO.

I think if a full disclosure was done, it could still have a chance to fetch some high bucks.

Yes, in my opinion PWCC should disclose the card's history. It's a known material fact and it's deceptive not to disclose it, even though PSA has graded it -- in my opinion. To me, that does not cleanse (pun intended) the history which is independently relevant. I understand fully why PWCC would not WANT to disclose it -- fear of depressing price, angering the consignor, and making PSA potentially look bad -- but sellers who don't disclose usually have sound business reasons that don't persuade me.

To be clear, I don't think a card's grading history always needs to be disclosed. If someone did nothing to a card and bumped it from an 8 to a 9, I would not deem that to be material. But if substantial work is done on a card (even if considered acceptable) resulting in a 3 grade bump, to me that's a no brainer for materiality.