Darren's Rovell take on PWCC, etc.

Mark17 · #1 07-31-2019, 12:25 AM

Quote:

Originally Posted by damonh23

Man PWCC $60M a year revenue is crazy..I wonder what their yearly EBTDA is. They'd be better off paying back whatever they have to, just to keep it going and end it as soon as possible....though the FBI will have to do their thing. I doubt they'd involve PSA...This does have class action lawsuit written all over it.

"It never occurred to me that one man could start to play with the faith of fifty million people � with the single-mindedness of a burglar blowing a safe."

-F. Scott Fitzgerald, The Great Gatsby

Peter_Spaeth · #2 07-31-2019, 05:42 AM

Quote:

Originally Posted by Mark17

"It never occurred to me that one man could start to play with the faith of fifty million people – with the single-mindedness of a burglar blowing a safe."

-F. Scott Fitzgerald, The Great Gatsby

"He just saw the opportunity."

Johnny630 · #3 07-31-2019, 06:21 AM

People don�t wanna believe their cards in PSA holders are altered....well guess what many are....

Just.Rachel · #4 07-31-2019, 06:32 AM

Quote:

Originally Posted by Johnny630

People don�t wanna believe their cards in PSA holders are altered....well guess what many are....

Yeah...I'm one of them. I don't want to believe it. This all feels like a gut punch.

This crap has always been a concern, and I've always known PSA could be fooled (or worse). The biggest revelation I've had about all of this is that nothing is safe.

I used to figure that flawed cards were legit. I figured focusing on mid-grade cards would weed this crap out. I thought if a card had a corner touch or an edge chink that it wasn't altered. Big mistake. These cats are bumping 4s to 6s too. These past couple of months have been educational for sure.

Ugh.

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ullmandds · #5 07-31-2019, 06:33 AM

Quote:

Originally Posted by Just.Rachel

Yeah...I'm one of them. I don't want to believe it. This all feels like a gut punch.

This crap has always been a concern, and I've always known PSA could be fooled (or worse). The biggest revelation I've had about all of this is that nothing is safe.

I used to figure that flawed cards were legit. I figured focusing on mid-grade cards would weed this crap out. I thought if a card had a corner touch or an edge chink that it wasn't altered. Big mistake. These cats are bumping 4s to 6s too. These past couple of months have been educational for sure.

Ugh.

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"edge chink?"

Just.Rachel · #6 07-31-2019, 06:43 AM

Quote:

Originally Posted by ullmandds

"edge chink?"

Yeah, I still use my own terminology sometimes lol.

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bnorth · #7 07-31-2019, 06:42 AM

There is one good thing happening from all this fraud coming out. There are just so many examples now that most of the usual suspects pumping up/making excuses for PSA have quit posting.

Peter_Spaeth · #8 07-31-2019, 06:47 AM

Quote:

Originally Posted by bnorth

There is one good thing happening from all this fraud coming out. There are just so many examples now that most of the usual suspects pumping up/making excuses for PSA have quit posting.

And for Brent.

Fuddjcal · #9 07-31-2019, 09:19 AM

Quote:

Originally Posted by Just.Rachel

Yeah...I'm one of them. I don't want to believe it. This all feels like a gut punch.

This crap has always been a concern, and I've always known PSA could be fooled (or worse). The biggest revelation I've had about all of this is that nothing is safe.

I used to figure that flawed cards were legit. I figured focusing on mid-grade cards would weed this crap out. I thought if a card had a corner touch or an edge chink that it wasn't altered. Big mistake. These cats are bumping 4s to 6s too. These past couple of months have been educational for sure.

Ugh.

Sent from my Nexus 6P using Tapatalk

Not to mention you are bidding with 20 card doctors and their agents for the 6's & 7's, Chances are, someone else has already doctored the card before them. They are spinning cards in and out of those stupid plastic holders like this guy spins plates.

Peter_Spaeth · #10 07-31-2019, 09:23 AM

Quote:

Originally Posted by Fuddjcal

Not to mention you are bidding with 20 card doctors and their agents for the 6's & 7's, Chances are, someone else has already doctored the card before them. They are are spinning cards in and out of those stupid plastic holders like this guy spins plates.

One wonders after all these years, how many cards submitted now on the vintage side are crack outs, whether altered, or just to try to get a higher grade.

Just.Rachel · #11 07-31-2019, 09:26 AM

Quote:

Originally Posted by Fuddjcal

Not to mention you are bidding with 20 card doctors and their agents for the 6's & 7's, Chances are, someone else has already doctored the card before them. They are are spinning cards in and out of those stupid plastic holders like this guy spins plates.

Good point. I hadn't even considered bidding against them for the cards in the first place.

Jeez

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