Posted By:
Glenn"One theory that was espoused to me was that the SMR purposely understates prices - particularly for the vintage material - so that PSA can demonstrate that their graded cards sell at "better than market" prices."
But the SMR is supposedly a price guide for PSA graded cards and for PSA-graded cards only, isn't it? So PSA looks bad if their graded cards sell at reliably lower or reliably higher prices than listed in the SMR.