Mastro and Allen Indicted

e107collector · #1 07-26-2012, 07:05 PM

Quote:

Originally Posted by calvindog

Just because he doesn't have first-hand knowledge of what happened with the card doesn't mean he's unaware of what occurred. It would be nice for PSA to tell the truth about it publicly. Eventually it will come out and eventually the present owner might want compensation.

Jeff,

Do you know how a situation like that may be handled? If Ken wants his money back for the card, and PSA gives it to him, does he have to turn the card over to PSA at that point? Does he get the money and keep the card?
Just curious.

Tony

three25hits · #2 07-26-2012, 07:09 PM

I had a PSA card that was mis-graded. I got full payment, they kept the card.

ruth-gehrig · #3 07-26-2012, 07:11 PM

Has everyone already seen this but me?

Peter_Spaeth · #4 07-26-2012, 07:18 PM

It's from an old Lipset auction. What about it?

ruth-gehrig · #5 07-26-2012, 07:25 PM

Just something I've never seen before. Circumstantial evidence at a minimum; perhaps more? Wasn't it always speculated that Mastro had the card cut? If so why is Lipset selling it uncut??

Peter_Spaeth · #6 07-26-2012, 07:32 PM

Quote:

Originally Posted by ruth-gehrig

Just something I've never seen before. Circumstantial evidence at a minimum; perhaps more? Wasn't it always speculated that Mastro had the card cut? If so why is Lipset selling it uncut??

I thought the Lipset one was the so-called Jumbo Wagner that ended up in a 5MC holder, but I could be wrong. I have never heard that Alan Ray -- who owned the raw PSA 8 before Mastro bought it -- got it from Lipset. I thought the known chain of custody ended with him.

ruth-gehrig · #7 07-26-2012, 07:34 PM

Ok Thanks! That does make more sense. I'm sure others will chime in on this as well.

barrysloate · #8 07-26-2012, 07:38 PM

Peter- I believe that card is currently in the Hall of Fame. The "jumbo Wagner" is a different example.

I feel that the current owner of the PSA 8 Wagner should get substantial compensation, and then I think PSA should take it back and relabel it "AUTH". Once they do that it's a perfectly marketable card at any time with a spectacular eye appeal. Plus, it will finally be properly graded. If all this information becomes public it can't remain in an 8 holder.

ruth-gehrig · #9 07-26-2012, 07:49 PM

So when Lipset stated "probably the finest copy known to exist", he was unaware of the Wagner Lifson/Mastro bought? What happened to the Plank that was listed in ex-mt and Lajoie near mint??

Peter_Spaeth · #10 07-26-2012, 07:53 PM

Quote:

Originally Posted by barrysloate

Peter- I believe that card is currently in the Hall of Fame. The "jumbo Wagner" is a different example.

I feel that the current owner of the PSA 8 Wagner should get substantial compensation, and then I think PSA should take it back and relabel it "AUTH". Once they do that it's a perfectly marketable card at any time with a spectacular eye appeal. Plus, it will finally be properly graded. If all this information becomes public it can't remain in an 8 holder.

Ah thanks Barry. I have seen the HOF one but I don't recall it being particularly oversize. It was quite some time ago though.

How does PSA explain itself if it does that? Does it blame Bill Hughes? Fall on its sword and say our bad?

RUSH2112 · #11 07-26-2012, 08:10 PM

Quote:

Originally Posted by barrysloate

Peter- I believe that card is currently in the Hall of Fame. The "jumbo Wagner" is a different example.

I feel that the current owner of the PSA 8 Wagner should get substantial compensation, and then I think PSA should take it back and relabel it "AUTH". Once they do that it's a perfectly marketable card at any time with a spectacular eye appeal. Plus, it will finally be properly graded. If all this information becomes public it can't remain in an 8 holder.

Is it possible the card may be worth more in it's original PSA 8 holder?

The slab is what makes the card infamous or famous, whichever you prefer and the developing story makes it more interesting to collectors as each day passes. Afterall, this is the card everyone is talking about, not the other ones that are technically a better grade.

calvindog · #12 07-26-2012, 08:03 PM

Quote:

Originally Posted by e107collector

Jeff,

Do you know how a situation like that may be handled? If Ken wants his money back for the card, and PSA gives it to him, does he have to turn the card over to PSA at that point? Does he get the money and keep the card?
Just curious.

Tony

Tony, the owner could theoretically get his money back for his card but not be permitted to keep it as well. Or he could just be paid compensation for the difference in value of an 8 and an AUTH (albeit pristine) Wagner. In either case, Joe would probably have to give up buying hair dye for a few years.

3-2-count · #13 07-26-2012, 08:08 PM

Quote:

Originally Posted by calvindog

In either case, Joe would probably have to give up buying hair dye for a few years.

Hmmmm. And all this time I thought it was natural.

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