PSA/BGS/PWCC dispute or refund thread

[perezfan]

Originally Posted by Peter_Spaeth

Does anyone have any dealings to report here?

Sadly, most collectors who've been taken to the cleaners and victimized don't even know it (and likely never will).

It is a relatively small percentage of collectors who frequent these boards, and unless the word gets out to a mass audience, the "Bad Actor Facilitators" (meaning PSA and PWCC) are largely off the hook.

Perhaps word will spread a bit further in Chicago, the first week of August.

[swarmee]

Uffdah responded on blowout that he has been reimbursed by PWCC for his PSA 10 Musial and additional ones that were fingered.

[calvindog]

Originally Posted by swarmee

Uffdah responded on blowout that he has been reimbursed by PWCC for his PSA 10 Musial and additional ones that were fingered.

If he would have sued he could have gotten paid back last week. What a sucker.

[1952boyntoncollector]

Originally Posted by calvindog

If he would have sued he could have gotten paid back last week. What a sucker.

right no lawsuits needed, everything is working out great.

[1952boyntoncollector]

Originally Posted by perezfan

Sadly, most collectors who've been taken to the cleaners and victimized don't even know it (and likely never will).

It is a relatively small percentage of collectors who frequent these boards, and unless the word gets out to a mass audience, the "Bad Actor Facilitators" (meaning PSA and PWCC) are largely off the hook.

Perhaps word will spread a bit further in Chicago, the first week of August.

I think if PSA /pwcc sent an email to all prior submitters buyers and told them about this issue and to submit that would get them off the hook when a buyer later 'learns' of the issue years later, perhaps when a wronged buyer submits to an auction house 4 years from now (and first learns of the issue) the statute of limitations being argued as a defense if the required times passes i would think would indeed get them off the hook

The defense may work either way but its more solid PSA/PWCC and the like just notified everyone to look at their tainted cards potentially.

Yes more claims will be submitted as well so there is risk/reward. But it appears even if the card market tanks, everyone will be paid fairly years from now and everyone will agree what their damages are from a sale the past 2 or 3 years.

[Peter_Spaeth]

Any more refunds, or refusals, to report?

[jhs5120]

Honest question, doesn't this whole fiasco elevate PSA further above other third-party graders?

It's pretty clear that BGS/BVG, SGC and PSA are all having difficult times detecting altered cards. If I'm not mistaken, only PSA will make you whole for their mistakes.

Has any refund been issued by SGC or Beckett?

[perezfan]

Originally Posted by jhs5120

Honest question, doesn't this whole fiasco elevate PSA further above other third-party graders?

It's pretty clear that BGS/BVG, SGC and PSA are all having difficult times detecting altered cards. If I'm not mistaken, only PSA will make you whole for their mistakes.

Has any refund been issued by SGC or Beckett?

Have we actually seen evidence of PSA paying out anything yet? Their “official statement” directed people to get refunds from the seller (not from PSA).

PWCC has, on several occasions now, issued refunds on altered PSA cards. But I have yet to see where PSA has actually paid out a penny. Someone please correct me if this is wrong.

Furthermore, most of the exposed cards are residing in PSA holders. So I fail to see the purported “elevation” of PSA over and above anyone else. They’re all flawed in different ways. But they’re all equal in terms of happily accepting money for a service that most of us could perform far better for free.

[Republicaninmass]

Didnt their quarterly report say that they paid out claims from the Insurance?

[Peter_Spaeth]

Originally Posted by Republicaninmass

Didnt their quarterly report say that they paid out claims from the Insurance?

They have a reserve, no insurance.

[perezfan]

Originally Posted by Republicaninmass

Didnt their quarterly report say that they paid out claims from the Insurance?

Maybe... Can someone here verify that?

Would love to see what appears in their next quarterly report, as awareness of the scandal hadn’t yet impacted that particular time-Frame. All we’ve seen to date is denial and deflection to the “bad actors” and the sellers.