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1. PSA's business model is based in large measure on the volume of cards graded. 2. For PSA to grade a large volume of cards, they need both enough graders and a high rate of cards graded per hour. 3. The value of a card increases significantly with each bump up in grade, which at the higher end of the grading spectrum amounts to huge dollar increases. 4. For a card worked on by a skilled card doctor, there is little chance the alteration will be detected unless the grader is knowledgeable about the manufacturing process associated with that particular issue and has sufficient time to examine the card. Question: Do 1, 2, 3, and 4 add up to: 5. So therefore it is likely the card will be accurately graded and any alteration detected, or 10. There is little possibility the grader will detect the alteration. I do not profess to be an expert in securities law, but it seems to me that now that graded cards routinely sell in 7 figures and are being marketed in ways that cross into public oversight with attendant fiduciary obligation on the part of people promoting these investments, these people are taking a significant legal risk if the economic consequences of what IMO is the fraud of PSA's business model ever comes to fruition. Last edited by benjulmag; 07-18-2021 at 05:11 AM. |
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In essence so are stockbrokers making recommendations, and they're pretty heavily regulated.
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Check out https://www.thecollectorconnection.com Always looking for consignments 717.327.8915 We sell your less expensive pre-war cards individually instead of in bulk lots to make YOU the most money possible! and Facebook: https://www.facebook.com/thecollectorconnectionauctions Last edited by Aquarian Sports Cards; 07-18-2021 at 08:10 AM. |
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