Quote:
Originally Posted by barrysloate
You're correct Kenny. The registry has been enormously successful, and because so many cards in the registry are altered, I agree it's not what it appears to be.
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Let's see: it appeals to ego, vanity and elitism - check. People envy you for having spent more money for a card (that may well be altered at this point) than any other similar card that could be purchased for a very small fraction of what you paid for it were it not graded so high - check. So the next time such a card comes up (and one always will), your previous record is in danger and dictates that even more must be bid to maintain position - check. And, best of all, you actually get recognized by PSA for being so stupid, er, I mean, such a discriminating collector, if you are high on the registry - check.
Whoever came up with this scam was absolutely brilliant. It accurately reads and relies upon human nature. And, not coincidentally, it VASTLY increases the value of PSA graded cards. What could possibly go wrong?