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#1
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Quote:
Here, though, the guarantee should control.
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My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. Last edited by Peter_Spaeth; 03-04-2021 at 02:34 PM. |
#2
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And if it does not there is a pretty good body of law out there on consumer fraud, unfair trade practices, etc.
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Read my blog; it will make all your dreams come true. https://adamstevenwarshaw.substack.com/ Or not... |
#3
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Quote:
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"Trolling Ebay right now" © Always looking for signed 1952 topps as well as variations and errors |
#4
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Expectancy damages, and consequential damages where allowed, typically exceed purchase price in a variety of situations. That doesn't seem at all unusual to me.
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My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. |
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A.J.- Why didn't you just ask for offers on the BST here?
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#6
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How is PSA's guaranty supposed to work (we know it does NOT work)?
Wouldn't they pay you the difference between what you bought it for and what a PSA A is worth? I am not sure they will pay out on the upside or downside the card realized since it was acquired, since the purpose of the guaranty is to make you whole. Lets say the card had gone from $17k down to $8k (like back in 2016), what is PSA supposed to do then -- pay you the difference between $8k and the value of a PSA A? Also, if PSA will pay out on current value rather than acquisition price, according to VCP there was a PSA 4 that sold on 1/24/21 for $20,500 and a PSA 5 sold for $56,400 on 2/28/21. These are very current and relevant comps. Seems to me that a PSA 4.5 should be worth about the average of these two, which is $38,400. So it sounds like the offers you are getting are market. EDITED -- I now see an earlier post where apparently the buy-out is at market value.... If that is the case, then nobody with an altered card is ever incentivized to take it to PSA in a down market. I guess it goes to the heart of the propose of the guaranty and if it is PSA standing behind its "opinion" than the pay out should be at FMV, whether that is higher or less than acquisition price. Last edited by Rhotchkiss; 03-04-2021 at 03:27 PM. |
#7
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It's not that hard to look it up.
If PSA, in fact, concludes that the card in question no longer merits the PSA grade assigned or fails PSA’s authenticity standards, PSA will either: 1.Buy the card from the submitter at the current market value if the card can no longer receive a numerical grade under PSA's standards or, 2.Refund the difference in value between the original PSA grade and the current PSA grade if the grade is lowered. In this case, the card will also be returned to the customer along with the refund for the difference in value. The current market value is determined by PSA, based in part on Sports Market Report and SMR Online values and/or recent prices realized from the marketplace. PSA will be the sole determiner of the current market value.
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My avatar is a sketch by my son who is an art school graduate. Some of his sketches and paintings are at https://www.jamesspaethartwork.com/ He is available to do custom drawings in graphite, charcoal and other media. He also sells some of his works as note cards/greeting cards on Etsy under JamesSpaethArt. |
#8
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Thank you! And why look it up when I can delegate?!?!
AJ, I think you should get at least $42k for your card from PSA based on two recent VCP comps. “Never Get Cheated” |
#9
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This particular situ begets a more interesting possibility, and that is someone scouting for a high value card sitting in PSA holder that has been obviously trimmed, and is for that reason not selling for its true value in the market.
Say perhaps you can make an agreement with the Seller of a PSA7 51' Bowman Mantle that won't move at it's contemporaries number, for perhaps 60-70% of that value, hold for few years while the market hopefully continues to rise, then bring the card to the attention of PSA for restitution of what a truly graded card at that particular tier would bring. You buy in at 40% below market but get to be made whole at full true value down the track, making not just the capital gain of the flip number but your bonus discount from below market purchase. Get on the hunt boys! |
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