Class action suit filed against PSA, PWCC and Probstein

[GeoPoto]

Originally Posted by Fballguy

And I'll add, if a card grading and "authentication" expert can't validate the most basic of criteria...is the card authentic...they have no business calling themselves experts. In fact, they have no business being in that business.

You are using "authentic" to mean "not altered". PSA is not even accused of failing to screen out counterfeit cards. The cases of interest involve cards with alterations that cannot be discerned using methods consistent with affordable prices. The only reason Blowout can prove cards have been altered is that they were previously graded. Blowout is not identifying alterations that may have occurred before a card was first graded. If PSA can be shown to use reasonable methods consistently and objectively, they can defend themselves; if they can be shown to intervene in those methods to inflate certain grades in order to further their own interests, they will be guilty of fraud, or something. My guess is the former will hold and combined with "improved" methods going forward, PSA will avoid the fallout and continue to be viewed as "authentication experts", albeit not perfect at flagging alterations that are not discernable using methods consistent with popular prices. Meanwhile, the market will continue to sort out pricing in light of the inability of PSA to catch all alterations.

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