PSA Response from President Steve Sloan

[Buythatcard]

Originally Posted by perezfan

But then, what would become of the tainted cards? Who do we trust to see that they are not recirculated? After all, it is money and greed that's driving this corruption.

There needs to be not only be a complete recall, but a governing body or branch of Law Enforcement to oversee the destruction of these cards. Similar to how the FBI confiscated the Marino Family "Autographs".

Either that, or the governing agency applies a hole-punch or back stamp to designate the card as altered. Anyone who trusts PSA to self-police or conduct this procedure is delusional. Otherwise, these cards would almost certainly make their way back into the hobby, just as before.

If these cards are destroyed (doubt that it will), this will certainly bring up the value of the remaining cards that have not been altered. The POP reports for these remaining cards will be lower.

[swarmee]

Or it could be like post Hurricane Katrina where the business owners took the insurance payments and never rebuilt. Some will stay in the market, many will get soured on it and give up.

[bobbyw8469]

Originally Posted by Buythatcard

If these cards are destroyed (doubt that it will), this will certainly bring up the value of the remaining cards that have not been altered. The POP reports for these remaining cards will be lower.

So in other words, get rid of the ENTIRE 1948 Leaf football set. Because that M****** F****** touched damn near every single card in that set.

[Buythatcard]

Originally Posted by bobbyw8469

So in other words, get rid of the ENTIRE 1948 Leaf football set. Because that M****** F****** touched damn near every single card in that set.

[JeremyW]

According to the Blowout site, this quote from Joe Orlando has been removed from the PSA site.


"Today, there are those who are still trying it. Some of them are butchers and some of them are master artists, but it doesn't, in any way, change the approach of PSA graders. The tools have changed in some cases and the skill level of the whackers has heightened but so has the awareness of our experts -- that's what they are paid to do -- and that's why people have so much faith in the PSA process.

Just as in the everyday world of criminal justice, it's up to the authorities to keep up with or stay a step ahead of the criminals in order to prevent crime and catch them. As the world's sportscard grading authority, we take the same approach and will accept nothing less from our staff."
__________________

[Johnny630]

Originally Posted by JeremyW

According to the Blowout site, this quote from Joe Orlando has been removed from the PSA site.


"Today, there are those who are still trying it. Some of them are butchers and some of them are master artists, but it doesn't, in any way, change the approach of PSA graders. The tools have changed in some cases and the skill level of the whackers has heightened but so has the awareness of our experts -- that's what they are paid to do -- and that's why people have so much faith in the PSA process.

Just as in the everyday world of criminal justice, it's up to the authorities to keep up with or stay a step ahead of the criminals in order to prevent crime and catch them. As the world's sportscard grading authority, we take the same approach and will accept nothing less from our staff."
__________________

It's obvious that Orlando's last paragraph is not working according to plan.
At this point I have ZERO faith in the PSA Process.....very sad.... they will take no responsibility...scammers trimmers doctors will continue, PSA can't catch them or prevent them...no consequences for the trimmers/doctors ...they just submit under surrogates...then consign to auction houses
Nothing to see here same business as usual ...Unfortunate :-(

[swarmee]

And now for something completely different:
PSA throws away a card worth $2,000.

Two others in thread say they heavily damaged cards while in their facility and still graded both a 9: one with a crease and one with heavy corner wear. Hearkens back to the folded over corner that was kept a PSA 8 on the post-war board last year.

PSA is just disgusting at this point.
https://www.blowoutforums.com/showthread.php?t=1301445

[swarmee]

I guess Steve doesn't like me anymore.

[tschock]

Originally Posted by Buythatcard

If these cards are destroyed (doubt that it will), this will certainly bring up the value of the remaining cards that have not been altered. The POP reports for these remaining cards will be lower.

Stamp the back of the card with a scarlet "ALTERED!" using very low viscosity invisible fluorescent ink that will soak deep into the card. It will be easy to detect with a black light and maintain the visual appeal of the card without the need to destroy the card. I'm sure there will be ways around this as well, but you know d*mn well these cards won't be destroyed when ID-ed. And it still allows those that don't care about condition the chance at owning these.

[scottglevy]

IMO the biggest issue with properly rectifying the situation - based on my understanding of the extent and value of the “conserved” cards known - let alone the unknown cards is that there’s likely little chance that ANY tpg has the financial capacity to make it right ... eg fully reimburse the loss from the last sale to the new/true value. If my thoughts on this are accurate ... it doesn’t matter how much a company desires to “do the right thing” ... if they lack the funds to do so.