Outed cards, now including a 130K gain on an Aaron rookie

[samosa4u]

I hope someone will contact SGC about this!

[Throttlesteer]

It takes some giant "berries" to doctor some of these already high-end cards. I cant imagine taking a risk on a PSA 8 Gehrig.

[Johnny630]

That card was a ugly PSA 8 the first time.
For this card to be trimmed this badly and to get a 9 with SGC that looks bad.....real bad.
Would like to know two things;
Whom submitted the card for grading to SGC?
Will SGC honor their guarantee, buy the card back reholder it properly in a A.

[ullmandds]

that doctor sure "centered" that gehrig right up!!!

[Peter_Spaeth]

Originally Posted by samosa4u

I hope someone will contact SGC about this!

Perhaps one of Heritage's friends will contact them so they can do nothing about it.

[perezfan]

Originally Posted by Johnny630

That card was a ugly PSA 8 the first time.
For this card to be trimmed this badly and to get a 9 with SGC that looks bad.....real bad.
Would like to know two things;
Whom submitted the card for grading to SGC?
Will SGC honor their guarantee, buy the card back reholder it properly in a A.

Restitution for that Gehrig Card alone might bankrupt SGC. I wonder what (if anything) they’ll do if legal recourse is pursued? And who makes this enormous claim? The consignor? The “winning” bidder? Heritage? The person who sold it to the consignor?

What a mess. Just once it would be nice to hear from a major auction house, with specific action that was actually taken to resolve one of these issues. The silence is becoming deafening, and is sucking the trust right out of the hobby.

[Johnny630]

Originally Posted by perezfan

Restitution for that Gehrig Card alone might bankrupt SGC. I wonder what (if anything) they’ll do if legal recourse is pursued? And who makes this enormous claim? The consignor? The “winning” bidder? Heritage? The person who sold it to the consignor?

What a mess. Just once it would be nice to hear from a major auction house, with specific action that was actually taken to resolve one of these issues. The silence is becoming deafening, and is sucking the trust right out of the hobby.

Agree....
Who sent the card in for grading and who consigned the card ? If someone knowingly alters a card in bad faith to defraud the TPG breaking their good faith clause wouldn’t said grader have civil monetary restitution suit against submitter ? Or is that all BS too ?
Finger pointing and coverup to follow. Or even worse the owner loves the card no issues...guess that’s
The same as cover up.
So many theories all very interesting and extremely saddening.

[Peter_Spaeth]

Two days until the next CLCT earnings release and conference call. No doubt there will be some very tough analyst questions .... not. No doubt Joe will have a candid discussion of the scandal.... not.

https://finance.yahoo.com/news/colle...130005352.html

Meanwhile the stock is flirting with 30. Anyone want to short it? LOL.

[iwantitiwinit]

[QUOTE=Throttlesteer;1926894]It takes some giant "berries" to doctor some of these already high-end cards. I cant imagine taking a risk on a PSA 8 Gehrig.[/QUOT

What if they are not taking a chance? What if somehow the submitter knows ahead of time the grade that will be assigned by a specific grader or graders by one of the tpg's. Hmmmm.

[WhenItWasAHobby]

Originally Posted by Peter_Spaeth

Two days until the next CLCT earnings release and conference call. No doubt there will be some very tough analyst questions .... not. No doubt Joe will have a candid discussion of the scandal.... not.

https://finance.yahoo.com/news/colle...130005352.html

Meanwhile the stock is flirting with 30. Anyone want to short it? LOL.

Here's a short video from their public relations agent reassuring everyone all is well:

https://www.youtube.com/watch?v=zDAmPIq29ro

[ullmandds]

Originally Posted by WhenItWasAHobby

Here's a short video from their public relations agent reassuring everyone all is well:

https://www.youtube.com/watch?v=zDAmPIq29ro

haha...love it!!!!

[1952boyntoncollector]

Originally Posted by perezfan

Restitution for that Gehrig Card alone might bankrupt SGC. I wonder what (if anything) they’ll do if legal recourse is pursued? And who makes this enormous claim? The consignor? The “winning” bidder? Heritage? The person who sold it to the consignor?

What a mess. Just once it would be nice to hear from a major auction house, with specific action that was actually taken to resolve one of these issues. The silence is becoming deafening, and is sucking the trust right out of the hobby.

so the claims are either too small (under 10,000) according to 'Peter C' or they are too enormous...

[Johnny630]

Sadly the high end graded card market must crash first for any of this to positively recover and move in the proper direction. Right now it’s all a Fraud.
I’m not insane I’m just keeping it real to the bottom line.

[calvindog]

Originally Posted by 1952boyntoncollector

so the claims are either too small (under 10,000) according to 'Peter C' or they are too enormous...

And you’re still a bottom-feeding idiot both in the legal profession and the hobby. Actually the Gehrig card is being addressed. But you don’t know how because, well, you don’t matter.

[Peter_Spaeth]

I am glad to hear something is being done about the Gehrig. Slabbing the mini-Goudey was not S_C's finest hour.

[calvindog]

And the Hull as well.

[Goudey77]

Does anyone know if action is being taken to only address trimmed cards?
How about cards that were cleaned, soaked or whatever method that does not leave evidence? I believe these are flying under the radar by the mass. Betting #’s on par with trim jobs.

[Peter_Spaeth]

Originally Posted by Goudey77

Does anyone know if action is being taken to only address trimmed cards?
How about cards that were cleaned, soaked or whatever method that does not leave evidence? I believe these are flying under the radar by the mass. Betting #’s on par with trim jobs.

Ask your friend Brent, as many are his own creations, no?

[Goudey77]

Originally Posted by Peter_Spaeth

Ask your friend Brent, as many are his own creations, no?

I appreciate the suggestion Peter. Perhaps others here have some information as well.

[Peter_Spaeth]

Originally Posted by Goudey77

I appreciate the suggestion Peter. Perhaps others here have some information as well.

To the best of my knowledge, this category of cards is not the focus of the investigation, and I don't believe any initiative is being taken to issue refunds for them. Now in specific cases if the owners press the issue, they may have obtained a refund.

[swarmee]

Originally Posted by calvindog

Actually the Gehrig card is being addressed... And the Hull is as well.

Can you explain what you mean by "addressed"? I'm inferring refunded and then provided to the FBI and/or reholdered as AUTH, but it could mean something else.

[Johnny630]

I’m not convinced, the 34 Gehrig in the PSA 8 holder is the same card as the SGC 9 Gehrig, I believe it is NOT THE SAME CARD.

Look Close the right border on the PSA 8 shown, it’s substantially narrower on the PSA Card then the SGC Card in a 9 holder.

[Goudey77]

As I read this thread it appears all the examples are from AH sales.
What about the scenarios in private deals?
What if a buyer ends up with that Gehrig or Hull in a private sale? What recourse is there?

Pretty soon many of these examples will have traded hands multiple times before being identified. Who is liable at that point?

[Peter_Spaeth]

Originally Posted by Goudey77

As I read this thread it appears all the examples are from AH sales.
What about the scenarios in private deals?
What if a buyer ends up with that Gehrig or Hull in a private sale? What recourse is there?

Pretty soon many of these examples will have traded hands multiple times before being identified. Who is liable at that point?

That's the whole point of the third party guarantees, or was anyhow.

[1952boyntoncollector]

Originally Posted by calvindog

And you’re still a bottom-feeding idiot both in the legal profession and the hobby. Actually the Gehrig card is being addressed. But you don’t know how because, well, you don’t matter.

Another bully comment, nice one Peter C.

Glad to see now they you are volunteering previously unknown information to the board as being 'addressed' I am sure you will advise exactly how it was addressed as that would be the point of it. Everything in life is being 'addressed'.

Anyway, if it can be addressed where everybody is happy and no lawsuit needs to be filed then that would be the best option..

[1952boyntoncollector]

Originally Posted by Johnny630

I’m not convinced, the 34 Gehrig in the PSA 8 holder is the same card as the SGC 9 Gehrig, I believe it is NOT THE SAME CARD.

Look Close the right border on the PSA 8 shown, it’s substantially narrower on the PSA Card then the SGC Card in a 9 holder.

Dont worry its being 'addressed' Saying its not the same card or the same card when its about a 40k or whatever purchase is no big deal. They will work it out.

[perezfan]

Originally Posted by Goudey77

As I read this thread it appears all the examples are from AH sales.
What about the scenarios in private deals?
What if a buyer ends up with that Gehrig or Hull in a private sale? What recourse is there?

Pretty soon many of these examples will have traded hands multiple times before being identified. Who is liable at that point?

This has already happened on thousands of occasions. It dates back much further than the "current scandal". It's just that the doctors and corrupt dealers were caught earlier this year. There are infinitely more tainted/altered cards currently in private hands than those which have been exposed. It is very difficult to track down the cards' histories, so only a small percentage can be positively identified.

As far as who's liable... PSA needs to be challenged on their supposed guarantee. If the dealer or previous seller is unavailable/untraceable/unable to comply, or if you don't recall where the card originated, then the TPG is your source for compensation. The tainted card was authenticated - slabbed - sold - traded under their "authenticity guarantee".

If PSA isn't willing to comply, or it's a non-PSA Card in question, then it might be time to contact an attorney. And it appears that one is available right here!

[Peter_Spaeth]

Peter Chao claimed to be an attorney. Just noting that.

[Rich Klein]

Originally Posted by Peter_Spaeth

Peter Chao claimed to be an attorney. Just noting that.

I sent a link earlier in some other thread -- his linked in page also has him as an attorney. He has not been active for a while on that forum but it was the same gentleman who posted on 54

https://www.linkedin.com/in/peter-chao-71a84863/

Rich

[Peter_Spaeth]

Originally Posted by Rich Klein

I sent a link earlier in some other thread -- his linked in page also has him as an attorney. He has not been active for a while on that forum but it was the same gentleman who posted on 54

https://www.linkedin.com/in/peter-chao-71a84863/

Rich

Just goes to show the value of a law degree.

[calvindog]

Originally Posted by Peter_Spaeth

Just goes to show the value of a law degree.

I think we’ve seen the value of a law degree here. Or an alleged one at least.

[1952boyntoncollector]

Originally Posted by Peter_Spaeth

Just goes to show the value of a law degree.

Like there arent enough lawyers already. There isnt a lot of value in a lot of degrees these days actually.

[1952boyntoncollector]

Originally Posted by calvindog

I think we’ve seen the value of a law degree here. Or an alleged one at least.

I agree with that.

[Peter_Spaeth]

http://www.globenewswire.com/news-re...ng-Income.html

All is well!!

[swarmee]

Joe Orlando says "Customer demand has never been higher for our services, and customer satisfaction is our priority."

I'm no longer a customer as they've revoked my submission privileges. Any of you other customers unhappy with their services? You might get banned too.

[Johnny630]

Fake news from Newport Beach

[Goudey77]

Originally Posted by swarmee

I'm no longer a customer as they've revoked my submission privileges. Any of you other customers unhappy with their services? You might get banned too.

Now I understand where your PSA sentiment comes from John. I could not quite put my finger on it all this time.

[perezfan]

American Greed...

Start taking notes for a future blockbuster episode!

[Goudey77]

Originally Posted by Johnny630

Fake news from Newport Beach

You didn’t get the newsletter that PSA just graded it’s 1 millionth Pokémon card?
We should not just make assumptions from our own little vintage world bubble. There is a large spectrum in the collectors universe as you know.

[Johnny630]

I see a low teens company right here 12 months to 16 months out.

[WhenItWasAHobby]

Originally Posted by Peter_Spaeth

http://www.globenewswire.com/news-re...ng-Income.html

All is well!!

I just listened to the 17 minute conference call. There were no questions during the Q&A segment. They announced having record revenue, a record backlog and plan to expand. This can only mean adding neophyte graders to the staff. Indeed, all is well.

[Peter_Spaeth]

Originally Posted by WhenItWasAHobby

I just listened to the 17 minute conference call. There were no questions during the Q&A segment. They announced having record revenue, a record backlog and plan to expand. This can only mean adding neophyte graders to the staff. Indeed, all is well.

LOL no questions. At least there were some softballs last time with no follow up and Joe skipped past the one guy who persisted. Poof. LOLOL. In my next career I am going to be an analyst. Let me practice here: "Nice quarter, guys!!"

[Republicaninmass]

Originally Posted by Johnny630

I see a low teens company right here 12 months to 16 months out.

Sure bro, then short it

[Johnny630]

Originally Posted by Republicaninmass

Sure bro, then short it

Don’t do options trading

[swarmee]

Originally Posted by Goudey77

Now I understand where your PSA sentiment comes from John. I could not quite put my finger on it all this time.

Oh, that just happened this week. I hate companies that lie to me, but they owed me $100 from a delayed order voucher that I figured I should try to redeem. Maybe they'll let Bobby apply it to the next Net54 submission special...

[steve B]

Originally Posted by Johnny630

I’m not convinced, the 34 Gehrig in the PSA 8 holder is the same card as the SGC 9 Gehrig, I believe it is NOT THE SAME CARD.

Look Close the right border on the PSA 8 shown, it’s substantially narrower on the PSA Card then the SGC Card in a 9 holder.

Measuring with the cursor, it's the same. And the 11 marks/flaws are like a fingerprint.

[Peter_Spaeth]

https://www.blowoutforums.com/showpo...postcount=5709

[steve B]

Originally Posted by calvindog

And you’re still a bottom-feeding idiot both in the legal profession and the hobby. Actually the Gehrig card is being addressed. But you don’t know how because, well, you don’t matter.

As an actual bottom feeder in the hobby.... I'm slightly offended.

Now where did my monster box of 88 score get to?

[1952boyntoncollector]

Originally Posted by Republicaninmass

Sure bro, then short it

right easy to say, put money where mouth is....low teens may be 100 and thirteen...

[CuriousGeorge]

Peter, you should consider working on Wall Street with that precise call on the short. Down over $3 today. Any other winners you want to share with us?

Originally Posted by Peter_Spaeth

Two days until the next CLCT earnings release and conference call. No doubt there will be some very tough analyst questions .... not. No doubt Joe will have a candid discussion of the scandal.... not.

https://finance.yahoo.com/news/colle...130005352.html

Meanwhile the stock is flirting with 30. Anyone want to short it? LOL.