View Single Post
  #24  
Old 03-26-2008, 10:22 AM
Archive Archive is offline
Administrator
 
Join Date: Mar 2009
Posts: 58,359
Default PSA vs. SCG -- Discount Valuation

Posted By: scott levy

Upon discovering that our PSA 1 Cobb/Drum was rebacked we sent it to PSA for examination. Joe & Co. were quick to acknowledge that they made a mistake - much to their credit.

Their first recommendation however, was not to take the card out of circ, it was to ask BVG (the previous slabber) to re-slab the card thereby relieving PSA of any negative consequences. For obvious reasons, this offer was somewhat upsetting to hear and was promptly rejected.

Their second recommendation was, to their credit, to provide adequate compensation and ensure that the card is never released back into the market. Had this been their first offer, I would have said that PSA acted highly ethically and very honorably. Nevertheless, the end result was acceptable for my dad and I and positive for the hobby.

-Scott

Reply With Quote