Quote:
Originally Posted by SAllen2556
What is hilariously (and sadly) ironic is that PSA's business model and rapid growth was tied to the idea of eliminating fraud in the hobby by selling themselves as experts who would grade cards and detect alterations. (Beckett and SGC as well)
Now it seems that grading companies are the very source of legitimizing and encouraging fraud. A graded card is deemed pure. We're not supposed to question the card's authenticity, and, even if we do, we can't examine the card anymore because it's entombed in plastic.
Once a card is in that plastic case it becomes hard currency. If you can alter a card and get away with it, the reward vastly outweighs the risk - because there is no risk. So PSA has become nothing more than a money laundering outfit. You commit fraud, pay them a fee, and they wash it clean. Pretty damn clever.
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Good summation. My only question is whether David Hall envisioned this from day one, or it just evolved that way because it became obvious the business could not succeed without compromising with the card doctors, and ensuring a large supply of artificially high graded cards.
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Last edited by Peter_Spaeth; 05-03-2023 at 09:10 AM.
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