PSA Response from President Steve Sloan

[ejharrington]

Originally Posted by Scott L.

I think you hit the nail on the head John in terms of them pointing back to the seller for refunds. They probably feel they could make a good case that PWCC was in on it somehow.

Is PWCC considered the seller or the auctioneer?

[swarmee]

Originally Posted by ejharrington

Is PWCC considered the seller or the auctioneer?

That's for them to pass the buck down to the consignor. Except I bet those PayPal accounts are bone dry.

[Brian Van Horn]

Peter,

Thank you for the subtle and understated images. I was thinking about the T206 Wagner when I saw your images and it all just drove home the point.

[taul166]

Back to the upcoming National, which is what 5 or 6 weeks away where they will be many, many attendees.....some being well versed on what has been uncovered.

Do you think PSA and PWCC will have more to formally say before then? Didn't they both commit to their own investigations and to say more after those investigations are completed. If they don't say anymore, they will likely be on the defensive. But maybe that won't bother them and they will simply give a further tepid response as they interact with dealers, collectors, by saying our investigations are still on-going. For PSA, let's take the PSA Registry Luncheon, for example. Are they going to just hand out their awards, maybe cover some other Registry changes, and in a large forum like that, not address this major issue knowing many in the audience want to hear more from PSA?

[Stampsfan]

Originally Posted by taul166

Back to the upcoming National, which is what 5 or 6 weeks away where they will be many, many attendees.....some being well versed on what has been uncovered.

Do you think PSA and PWCC will have more to formally say before then? Didn't they both commit to their own investigations and to say more after those investigations are completed. If they don't say anymore, they will likely be on the defensive. But maybe that won't bother them and they will simply give a further tepid response as they interact with dealers, collectors, by saying our investigations are still on-going. For PSA, let's take the PSA Registry Luncheon, for example. Are they going to just hand out their awards, maybe cover some other Registry changes, and in a large forum like that, not address this major issue knowing many in the audience want to hear more from PSA?

How would you like to be the poor schlep employees from PSA that have to go to the National, to stand at their booth and answer questions? Those buggers better be getting some hazard pay.

[drcy]

Originally Posted by taul166

Back to the upcoming National, which is what 5 or 6 weeks away where they will be many, many attendees.....some being well versed on what has been uncovered.

Do you think PSA and PWCC will have more to formally say before then? Didn't they both commit to their own investigations and to say more after those investigations are completed. If they don't say anymore, they will likely be on the defensive. But maybe that won't bother them and they will simply give a further tepid response as they interact with dealers, collectors, by saying our investigations are still on-going. For PSA, let's take the PSA Registry Luncheon, for example. Are they going to just hand out their awards, maybe cover some other Registry changes, and in a large forum like that, not address this major issue knowing many in the audience want to hear more from PSA?

Lawyers advise their clients not to say anything. I assume that's why PSA never says anything. After all, it's been years, court convictions, courtroom admission by the very trimmer and hobby common knowledge later, and PSA has still never admitted publicly the Gretzky Wagner is misgraded. Authenticating and dishonesty are supposed to be mutually exclusive words-- but not always in this hobby. And one can lie by omission.

This is why I've often said authenticators and graders like PSA shouldn't also be in the 'insurance' and 'financial guarantee' business because that latter stuff only serves to get in the way of the intellectual honesty and discussion of the latter. They should just be in the business of giving honest, open, learned independent opinions-- and that's all collectors should expect and want--, and anything that gets in the way of that should be removed from the equation.