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#2
09-28-2023, 11:50 AM
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Well, not sure the wording of this guarantee was well thought out by the legal department. I suppose it successfully limits liability of a few crazy alteration claims: ie a 52 Mantle PSA 10 that is determined to be altered. But, I have to think less than .001% of all cards that would be subject to the guarantee would end up above the $250K per card cap.
The total cap of $500K "per person" could limit some liability. But, if you are at your cap and you paid $50K for an altered card which, if known, would reduce the value to $1K, wouldn't that card still have a value of close to $50K to any person that is not at their $500K PSA guarantee limit? Nothing in the language quoted would preclude a person from knowingly selling or assigning a card covered by the guarantee to another person who could, in turn, submit a guarantee claim to PSA. 
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