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  #1  
Old 05-25-2023, 09:59 AM
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Default PSA Authenticity and Grade Guarantee - Anyone use it and do other companies offer it?
The ultimate test of this of course would be for Ken Kendrick to call PSA up one day and tell them that his grail Wagner shouldn’t be an 8, because it’s obviously trimmed. He would have a lot of public support for doing something like that, since it infamously came out later that Bill Mastro did indeed trim the card - admitting to that on a survellience wire incidentally while the prosecution was gathering other evidence for his shill bidding charges.

I don’t expect this to ever happen in reality of course, but it’s neat to think about occasionally. I think it’s maybe even plausible that PSA has reached out to Ken and might have some secret deal / understanding with him so that he won’t ever do that…LOL.


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Last edited by jchcollins; 05-25-2023 at 10:01 AM.
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  #2  
Old 05-25-2023, 10:47 AM
raulus raulus is offline
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I think there was some action here with the recent card doctoring saga from a few years ago. I'm sure Peter can recite the details from memory in his sleep.

My recollection is that the end result was rather uninspiring. Something along the lines of the fact that buyers would still pay market price for it since it's in the holder, even if it doesn't merit the assigned grade due to doctoring.

So kind of a circular result that the card is worth it because the grader proclaimed it and the market will pay for it (if it's in the holder), not because it was really true.
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  #3  
Old 05-25-2023, 12:23 PM
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Doesn’t SGC have a guarantee?
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  #4  
Old 05-25-2023, 12:33 PM
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Doesn’t SGC have a guarantee?
Sarcasm I assume.
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Old 05-25-2023, 12:58 PM
raulus raulus is offline
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Doesn’t SGC have a guarantee?
I think they used to have one. It's right there in the name - the G stands for guarantee!

I think they dramatically watered it down at some point in the last decade.

Not that PSA's guarantee is really all that meaningful, in spite of being strongly worded.
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  #6  
Old 05-25-2023, 01:00 PM
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I think they used to have one. It's right there in the name - the G stands for guarantee!

I think they dramatically watered it down at some point in the last decade.

Not that PSA's guarantee is really all that meaningful, in spite of being strongly worded.
In the early days of the scandal they junked it. I talked to Peter Steinberg when it was taken down and he told me they were just reviewing it for language and it would be back up soon. It never appeared again. This is why I sometimes call them S_C.
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Four phrases I nave coined that sum up today's hobby:
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Stuff trumps all.
The flip is the commoodity.
Animal Farm grading.
Last edited by Peter_Spaeth; 05-25-2023 at 01:02 PM.
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  #7  
Old 05-25-2023, 01:54 PM
Johnny630 Johnny630 is online now
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Originally Posted by Peter_Spaeth View Post
In the early days of the scandal they junked it. I talked to Peter Steinberg when it was taken down and he told me they were just reviewing it for language and it would be back up soon. It never appeared again. This is why I sometimes call them S_C.
Was it the authentic auto grading that cause the G to go away?
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  #8  
Old 05-25-2023, 02:45 PM
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Was it the authentic auto grading that cause the G to go away?
No, they stopped standing behind any of their grades. Just flat out dropped the guarantee.
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Four phrases I nave coined that sum up today's hobby:
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Stuff trumps all.
The flip is the commoodity.
Animal Farm grading.
Last edited by Peter_Spaeth; 05-25-2023 at 02:48 PM.
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  #9  
Old 05-25-2023, 12:35 PM
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Quote:
Originally Posted by raulus View Post
I think there was some action here with the recent card doctoring saga from a few years ago. I'm sure Peter can recite the details from memory in his sleep.

My recollection is that the end result was rather uninspiring. Something along the lines of the fact that buyers would still pay market price for it since it's in the holder, even if it doesn't merit the assigned grade due to doctoring.

So kind of a circular result that the card is worth it because the grader proclaimed it and the market will pay for it (if it's in the holder), not because it was really true.
The guarantee has been discussed many times on this forum over the years. But the best indication of how little it means is that when the scandal really broke in earnest, Steve Sloan issued a statement urging people with doctored cards to contact their seller. And of course, if you do send in a doctored card under the guarantee, PSA can do whatever the hell it wants with it, usually stand behind the grade. Just ask AJ Johnson.
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Four phrases I nave coined that sum up today's hobby:
No consequences.
Stuff trumps all.
The flip is the commoodity.
Animal Farm grading.
Last edited by Peter_Spaeth; 05-25-2023 at 12:37 PM.
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