Fraud in the hobby

[ALBB]

what about the collector who " accidently " gets caught up in fraud ...

ex- the guy ( guys) who was fooled by these mighty grading services that " didnt do their job " and bought one of these high dollar vintage cards that was doctored ...paid thousands for a card that was later deemed trimmed ..but PSA slabbed it as - EX MT 7.

This guy now knows the card is bad

Maybe it sits in his collection for a while

sooner or later he will sell it ..maybe he breaks it out and try's to get it graded again.... maybe breaks it out and " plays dumb" and sells it raw....

bottom line is he knows the card is bad...but he wants to recoup his money

With all the cards that have been uncovered as doctored in the past...I believe this scenario will happen ( or has happened) many times

[Johnny630]

Originally Posted by ALBB

what about the collector who " accidently " gets caught up in fraud ...

ex- the guy ( guys) who was fooled by these mighty grading services that " didnt do their job " and bought one of these high dollar vintage cards that was doctored ...paid thousands for a card that was later deemed trimmed ..but PSA slabbed it as - EX MT 7.

This guy now knows the card is bad

Maybe it sits in his collection for a while

sooner or later he will sell it ..maybe he breaks it out and try's to get it graded again.... maybe breaks it out and " plays dumb" and sells it raw....

bottom line is he knows the card is bad...but he wants to recoup his money

With all the cards that have been uncovered as doctored in the past...I believe this scenario will happen ( or has happened) many times

The problem is the cards altered or not are worth just as much if not more if they're in a holder. Sending it to a major auction house seems to work.

[bnorth]

Originally Posted by ALBB

what about the collector who " accidently " gets caught up in fraud ...

ex- the guy ( guys) who was fooled by these mighty grading services that " didnt do their job " and bought one of these high dollar vintage cards that was doctored ...paid thousands for a card that was later deemed trimmed ..but PSA slabbed it as - EX MT 7.

This guy now knows the card is bad

Maybe it sits in his collection for a while

sooner or later he will sell it ..maybe he breaks it out and try's to get it graded again.... maybe breaks it out and " plays dumb" and sells it raw....

bottom line is he knows the card is bad...but he wants to recoup his money

With all the cards that have been uncovered as doctored in the past...I believe this scenario will happen ( or has happened) many times

It happens every single day.

From what I have seen it goes something like this.

1) Sell it and don't worry because that slab says it is a PSA 7 so it is a PSA 7.
2) Sell it and don't say anything because as the seller getting your cash back is #1.
3) Sell with full disclosure knowing no one will care anyway because the flip rules.
4) Send to PSA to get the grade confirmed. Then sell in the same slab because PSA confirmed their opinion.
5) Eat the loss, LOL I know it likely will never happen but someday it might.
6) PSA honors its guarantee.