Collectors Universe releases fourth quarter and fiscal year end earnings today

[topcat61]

I'm going through PSA's SEC Filings and there's a lot here to digest, pick a part and question, but I have a question about this -

"Government Regulation
With the exception of laws in some states that require memorabilia authenticators to certify to the accuracy of their authentication opinions, there
are no material government regulations specifically relating to the authentication and grading businesses that we conduct, other than regulations that
apply generally to businesses operating in the markets where we maintain operations or conduct business".

Which states require authenticators to certify to the accuracy of their opinions? What does this process involve? Thanks.

Mark, I appreciate the answer you gave, pretty informative -Thank you!

[Aquarian Sports Cards]

I know California was passing some law about autographs. Not sure how it ended up. PSA didn't move out of CA so it must not affect them too much.

[WhenItWasAHobby]

Originally Posted by topcat61

I'm going through PSA's SEC Filings and there's a lot here to digest, pick a part and question, but I have a question about this -

"Government Regulation
With the exception of laws in some states that require memorabilia authenticators to certify to the accuracy of their authentication opinions, there
are no material government regulations specifically relating to the authentication and grading businesses that we conduct, other than regulations that
apply generally to businesses operating in the markets where we maintain operations or conduct business".

Which states require authenticators to certify to the accuracy of their opinions? What does this process involve? Thanks.

Mark, I appreciate the answer you gave, pretty informative -Thank you!

I have to wonder when the legal issue of "duty of care" comes to play. If law enforcement and/or a civil court reach the conclusion that PSA has no clue how to detect alterations to cards and yet they advertise that "PSA looks for evidence of doctoring, such as re-coloring or trimming", one would think they could not be allowed to continue their operation for at the very least common law negligence or even gross negligence or possibly even fraud if no effort nor diligence whatsoever is used in their determination. Just rendering an opinion that it doesn't look altered is pretty lame.

https://www.psacard.com/services/tradingcardgrading

[Peter_Spaeth]

Originally Posted by WhenItWasAHobby

I have to wonder when the legal issue of "duty of care" comes to play. If law enforcement and/or a civil court reach the conclusion that PSA has no clue how to detect alterations to cards and yet they advertise that "PSA looks for evidence of doctoring, such as re-coloring or trimming", one would think they could not be allowed to continue their operation for at the very least common law negligence or even gross negligence or possibly even fraud if no effort nor diligence whatsoever is used in their determination. Just rendering an opinion that it doesn't look altered is pretty lame.

https://www.psacard.com/services/tradingcardgrading

I don't think the government is going to shut PSA down, that isn't how things work. What court is going to issue that order, regardless of what it or a jury finds? This is a firm authenticating baseball cards, not a firm selling an inherently dangerous product or otherwise threatening people's lives or well-being.

[perezfan]

Originally Posted by Peter_Spaeth

I don't think the government is going to shut PSA down, that isn't how things work. What court is going to issue that order, regardless of what it or a jury finds? This is a firm authenticating baseball cards, not a firm selling an inherently dangerous product or otherwise threatening people's lives or well-being.

Sadly, I think you’re right...

But perhaps the Gov’t could force a mandatory “on-slab” disclaimer stating that continued reliance on PSA can be detrimental to your collection. Kind of like those warnings on Cigarette Packs, stating that smoking can be dangerous to your health. Seems that’s the very least they could do.

[samosa4u]

Originally Posted by perezfan

sadly, i think you’re right...

But perhaps the gov’t could force a mandatory “on-slab” disclaimer stating that continued reliance on psa can be detrimental to your collection. Kind of like those warnings on cigarette packs, stating that smoking can be dangerous to your health. Seems that’s the very least they could do.

lmao!

[Peter_Spaeth]

Originally Posted by perezfan

Sadly, I think you’re right...

But perhaps the Gov’t could force a mandatory “on-slab” disclaimer stating that continued reliance on PSA can be detrimental to your collection. Kind of like those warnings on Cigarette Packs, stating that smoking can be dangerous to your health. Seems that’s the very least they could do.

Yeah a warning from the Card Surgeon General.

[frankbmd]

Originally Posted by Peter_Spaeth

Yeah a warning from the Card Surgeon General.

You rang?

A draft is already in the works. Just needs a bit of a trim to fit on the slab.