Interesting Lawsuit involving PSA card

Tyruscobb · #1 01-08-2021, 06:10 PM

If I accurately read the complaint, the plaintiff originally demanded reimbursement ($19,999.99) and 10% per annum interest to settle the matter a few months ago. The defendant�s attorney fee and expenses will surely exceed the originally demanded amount.

swarmee · #2 01-08-2021, 06:19 PM

Doesn't major PSA supercollector Donald Spence have enough knowledge to inspect cards he receives for signs of tampering or being counterfeit before accepting them and putting them into his set registry? I would say he shares in the blame for this situation.

If the holder is tampered with and a fake flip was inserted, I don't think PSA could be at fault.

For what it's worth, this card in PSA 10 is currently trading around $200K.

OldSchoolBaseball · #3 01-08-2021, 07:02 PM

This is brutal and could be a precedent going forward I would think. I guess there is no time limit on counterfeit cards.
Whether seller knew it was fake or not, I assume this not going his way. PSA probably has nothing to do with it as it wasn�t their original grade, flip or case.

When money is involved, the scammers always rear their ugly head at the expense of fanatical collectors.

x2drich2000 · #4 01-08-2021, 07:23 PM

Quote:

Originally Posted by OldSchoolBaseball

This is brutal and could be a precedent going forward I would think. I guess there is no time limit on counterfeit cards.
Whether seller knew it was fake or not, I assume this not going his way. PSA probably has nothing to do with it as it wasn�t their original grade, flip or case.

When money is involved, the scammers always rear their ugly head at the expense of fanatical collectors.

I think an argument could be made that PSA should have some liability. They knew of the card and were provided scans of the card and case in 2017 when Spence had the card removed from another users registry so it could be added to his. At that point they had an opportunity see an image of the card and case and did not question its authenticity. By allowing Spence to add the card to his registry, I could see an argument being made that they confirmed the card and holder as being authentic By not only allowing the card to be added to the registry but taking an active role to make that happen.

swarmee · #5 01-08-2021, 07:59 PM

Interesting contention. On a case where they have a duplicate cert number, they ask both cards to be sent in to be verified (or high res scans of each).

If the original owner in the PSA Set Registry contends they still own the card with the same cert number, then both cards are requested to be sent back to PSA to verify which one is real. That didn't seem to happen in this case, as the Jordan rookie is highly liquid and could have been sold by the original registry owner, so when Spence put in the request to have it added, they agreed to remove it.
So PSA didn't need both cards in hand, per their usual processes.

Sometimes PSA has found two real cards both originally graded by them with the same cert (mechanical error), and reslabbed both in new holders, giving one card a new Cert #. Sometimes they find counterfeits this way as well, which would have helped Mr. Spence.

dealme · #6 01-08-2021, 08:25 PM

Interesting (and somewhat sickening) situation for sure. Would there be a burden on Mr Spence to prove that the card was a fake when he purchased it? To be clear, I'm playing devil's advocate and in no way questioning Mr Spence's integrity.

Regards,
Mark

Peter_Spaeth · #7 01-09-2021, 04:38 PM

Quote:

Originally Posted by swarmee

Interesting contention. On a case where they have a duplicate cert number, they ask both cards to be sent in to be verified (or high res scans of each).

If the original owner in the PSA Set Registry contends they still own the card with the same cert number, then both cards are requested to be sent back to PSA to verify which one is real. That didn't seem to happen in this case, as the Jordan rookie is highly liquid and could have been sold by the original registry owner, so when Spence put in the request to have it added, they agreed to remove it.
So PSA didn't need both cards in hand, per their usual processes.

Sometimes PSA has found two real cards both originally graded by them with the same cert (mechanical error), and reslabbed both in new holders, giving one card a new Cert #. Sometimes they find counterfeits this way as well, which would have helped Mr. Spence.

I was involved in a situation where there were duplicate certs of a very $$$$ card (one was obviously a Copperfield IMO), both were sent back to PSA, and they recerted BOTH.

samosa4u · #8 01-09-2021, 02:56 PM

Quote:

Originally Posted by swarmee

Doesn't major PSA supercollector Donald Spence have enough knowledge to inspect cards he receives for signs of tampering or being counterfeit before accepting them and putting them into his set registry?

I'm very surprised by this as well.

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