No Minimum Grade at PSA?

[parkplace33]

I got lambasted last time I said this but I know of at least 2 instances recently of a psa reholder where they lowered the grade. And for those I inquiring, there appeared to be nothing wrong with the slab.

[Snowman]

Originally Posted by parkplace33

I got lambasted last time I said this but I know of at least 2 instances recently of a psa reholder where they lowered the grade. And for those I inquiring, there appeared to be nothing wrong with the slab.

I don't believe these claims. I've heard them as well, but nobody ever provides evidence of it. And it is certainly not standard practice.

[parkplace33]

Originally Posted by Snowman

I don't believe these claims. I've heard them as well, but nobody ever provides evidence of it. And it is certainly not standard practice.

Snow, it’s not standard practice but I can promise you it has happened.

One member is on net54, one is not. They can post the results if they choose.

[Johnny630]

There is one way to see what happens For yourself. If someone has the Stones to submit an old graded say PSA 5 figure plus, high-end vintage card for reholder knowing themselves that the card would never grade an eight or in today's standards.

In no way will I take that gamble now.

[AndrewJerome]

Drew, did PSA compensate the two collectors for the value difference when PSA lowered the grade in the reholder service? Obviously this would be a situation where PSA is admitting they made a mistake.

I also have not heard of this happening.

Andrew

[Vintagedeputy]

I can’t understand why people continue to give PSA their money. The customer service is always awful.

[jchcollins]

These kinds of stories, lack of organization and communication from PSA are precisely why I don't submit with them personally. In addition to the notable grading inconsistency they seem to be stuck in since the pandemic, this kind of thing with them is not exactly new - and they never seem to care.

[parkplace33]

Originally Posted by AndrewJerome

Drew, did PSA compensate the two collectors for the value difference when PSA lowered the grade in the reholder service? Obviously this would be a situation where PSA is admitting they made a mistake.

I also have not heard of this happening.

Andrew

I was able to contact one to ask. No, they were not compensated.

[jchcollins]

Originally Posted by parkplace33

I was able to contact one to ask. No, they were not compensated.

That makes no sense. The whole purpose of their Grading Guarantee is to ensure that collectors don't lose money when they screw up. So long as you are not the original submitter, if you send a card back in and PSA decides hey, we screwed up, this card is not a 5, it's actually a 4 - they are supposed to pay out the market value difference - and at least to my knowledge this used to be standard practice.

Why do people continue to pay these clowns and send their cards in?

[Republicaninmass]

Originally Posted by Johnny630

There is one way to see what happens For yourself. If someone has the Stones to submit an old graded say PSA 5 figure plus, high-end vintage card for reholder knowing themselves that the card would never grade an eight or in today's standards.

In no way will I take that gamble now.

There's a 33g Ruth sgc 5 that someone should try...it's a High eye appeal Modern day 3

[AndrewJerome]

Hi Drew, thanks for the confirmation. Would love to hear a first hand account of this. Brutal if PSA can do that without giving compensation for the reduced grade (assuming of course the collector trying for the re-holder was not the original submitter).

Andrew

[JackR]

It’s been a saga, but I (the OP) am happy to report that PSA decided to process my crossover request at my minimum requested grade.

Whether they reconsidered their initial decision to “remove the minimum grade option from the submission process,” I don’t know. Their web page and application form still appear to allow it, but an FAQ apparently said the policy had been temporarily suspended.

In looking back on this episode, I have to agree with the comment by Rick Clemens: “I sill prefer to buy PSA cards but hate submitting them. It’s awful.”