Let's discuss conspiracies and a billion dollar fraud

[Mrc32]

Originally Posted by WhenItWasAHobby

As I scroll through the Blowout threads, two things have become undeniably obvious: the gross ineptitude of third party grading for detecting altered cards and the staggering return on investment by the card doctors. Altering an $18 card into a $3500+ card is mind boggling and it just goes on and on.

Turning $18 into $3500? Well with returns like that I'd expect a lot more crooks to give it a whirl. Wow.

[WhenItWasAHobby]

Originally Posted by Mrc32

Turning $18 into $3500? Well with returns like that I'd expect a lot more crooks to give it a whirl. Wow.

If you look at the link on the opening post and scroll down, you'll see a 1959 Topps Eddie Miksis that went from a PSA 8 to a PSA 10. Actually the final sale was $3605.00! That's utter madness for a common card in my opinion and sadly, it's virtually a worthless card. In fact, if you look at PSA's website, in their "Lingo" directory, they define "trimmed" as follows (bold added for emphasis) and by their own admission they acknowledge trimmed cards have very little value:

"A card that has been altered by cutting or shaving the edges. The most obvious reason for this is to improve the condition of corners, by removing the worn areas. Cards are also trimmed to correct centering problems. Cards that have been trimmed have very little value."

https://www.psacard.com/resources/lingo/t/

[nolemmings]

Originally Posted by WhenItWasAHobby

If you look at the link on the opening post and scroll down, you'll see a 1959 Topps Eddie Miksis that went from a PSA 8 to a PSA 10. Actually the final sale was $3605.00! That's utter madness for a common card in my opinion and sadly, it's virtually a worthless card. In fact, if you look at PSA's website, in their "Lingo" directory, they define "trimmed" as follows (bold added for emphasis) and by their own admission they acknowledge trimmed cards have very little value:

"A card that has been altered by cutting or shaving the edges. The most obvious reason for this is to improve the condition of corners, by removing the worn areas. Cards are also trimmed to correct centering problems. Cards that have been trimmed have very little value."

https://www.psacard.com/resources/lingo/t/

Look for PSA to delete the reference to trimmed cards having very little value. Nothing to see here folks.

[WhenItWasAHobby]

Originally Posted by nolemmings

Look for PSA to delete the reference to trimmed cards having very little value. Nothing to see here folks.

No doubt Todd. Aggressive damage control seems to be paramount at PSA.

[Rickyy]

I think more will come out in regards to the trimmed cards...its endless.. we probably haven't even touched the surface esp when it comes to new shiny ones... which I believe Jeff L had eluded to.

Ricky Y

[WhenItWasAHobby]

Also, the acronym TPG should now be TPH (third party holdering) as their service only offers a means of storage.