A fundamental problem in today's high grade graded card hobby is that the grading has a margin of error (that is acknowledged by most everyone on any baseball card chat boad and as demonstrated by all the resubmissions do to get different grades), yet the PSA registry and auction house prices are often based on 100% accuracy of the grade. Scientists, statisticians and mathematicians would mock this, and there's no other way to put it than to say its foolishness. And that's not even touching on the subject of altered cards which makes a '10' in reality a '0.' The high grade card hobby and all those "record prices" involve a lot of smoke and mirrors and a line of thinking that would earn you an F in college 101 classes that require elemental logic . . . Though I'm not ignorant about economics and understand that many people are really collecting prices not cards. For the investor in high grade cards, it's the financial return that is the key, and successful investing and business regularity involves playing on the irrationality, psychology and margins of error in the market. Card resubmitters for profit are the first the be aware of the margins of error in professional grading.[/QUOTE]
Anything subjective has a margin of error but i would rather hear from PSA saying a card is a NM than a seller of a raw card...
people go to trial and the jury has a margin of error....innocent people have gotten the death penalty then are free on DNA evidence years later..
my point is everything has a margin of error that is subjective....thats why people rely on experts....doesnt mean the experts get it right and you want to know the background of the expert such as who is paying them and their business model etc..but again much better than an ebay seller like battlefield saying a card is near mint
Last edited by 1952boyntoncollector; 03-01-2016 at 06:08 PM.
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