Outed cards, now including a 130K gain on an Aaron rookie

[WhenItWasAHobby]

Originally Posted by Peter_Spaeth

Well we saw Sloan urge people to go to their sellers first, way back when this first broke. That said, I am aware of at least one instance where PSA paid someone whose cards had appreciated the difference between his purchase price (which PWCC refunded) and market value. This is the first I've heard of PSA allegedly expressly disclaiming their guarantee altogether. Too many levels of hearsay for me to take it as gospel.

Now that you mention it, you're correct on the Sloan statement - which is appalling in my opinion, particularly since PSA is still advertising a guarantee on their website:

The PSA Guarantee of Grade and Authenticity
This policy is fundamental to PSA's concept of third-party grading. It ensures the accuracy of the grade assigned to any PSA-graded card as long as the card remains in its tamper-evident holder. PSA also guarantees that all cards submitted to it shall be graded in accordance with PSA grading standards and under the procedures of PSA.

https://www.psacard.com/about/whypsa/

and checking their Grading Standards, they still regard these modifications as ungradable:

PSA will not grade cards that bear evidence of trimming, re-coloring, restoration, or any other forms of tampering, or are of questionable authenticity.

https://www.psacard.com/resources/gr...andards/#cards

So legally, (although I'm not a lawyer) I can't see how they can weasel their way out of this and I'd recommend that all PSA collectors to print out the guarantee and Ungradable Card grading standards for their own protection for future disputes.