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Reholder Question

Yankeefan320Yankeefan320 Posts: 160 ✭✭
in Trading Cards & Memorabilia Forum

So that’s say someone decides to reholder a PSA Gem Mint 10 card. What would happen if PSA broke the card out of it’s holder and realized that it should not have been a 10? Perhaps the grading is tougher than 10 years ago. Hopefully PSA would still put it in a PSA Gem Mint 10 holder because they aren’t grading the card again, right? With the turnaround times I would never do this unless there was a major scratch on the holder or something.

Comments

  • jraytayjraytay Posts: 142 ✭✭✭

    They don't do that. Once it's been graded it retains the same grade when sent in for a new slab.

  • mintonlyplsmintonlypls Posts: 2,015 ✭✭✭✭✭
    edited April 9, 2023 8:44AM

    Is SGC the same way on a re-holder to its new style of slab?

    mint_only_pls
  • RufussCkingstonRufussCkingston Posts: 1,641 ✭✭✭✭✭

    They'd have to pay out the difference in value as they guaranteed the grade when it was first issued. If you aren't the original submitter, you relied on the grade to make your buying/collection decision. Even if you are the original submitter, you relied on the grade with regard to deciding to keep it or sell it.

  • Chicago1976Chicago1976 Posts: 538 ✭✭✭✭✭

    @mintonlypls said:
    Is SGC the same way on a re-holder to its new style of slab?

    Yes. I've re-holdered 3-4 SGC slabs from the old label slab to the new style. They retain the original grade...they do not re-assess.

  • brad31brad31 Posts: 2,783 ✭✭✭✭✭

    I don’t understand with this policy why:

    1) some people pay premiums for newer holders
    2) unless a holder is damaged why someone would pay to rebuilder

    I guess 1 answers 2.

    I love it when I get a deal because the holder is old. I buy the card not the holder - and if I am buying a vintage 8 in an older holder - I think the card is an 8 or I wouldn’t be bidding anyway. Conversely a newer holder that seems like a gift I stay away from.

  • dictoresnodictoresno Posts: 1,003 ✭✭✭✭✭

    I'm pretty sure there have been instances where cards have been sent in for reholder and there was something so grossly overgraded with the card, they had to reduce the grade and compensate the owner the difference. so no, the cards aren't routinely re-graded, but if there is something so obvious that's wrong with the original grade, it will be assigned a new one. but generally, this is a non issue.

    myslabs.to/smzcards

  • Yankeefan320Yankeefan320 Posts: 160 ✭✭

    @dictoresno said:
    I'm pretty sure there have been instances where cards have been sent in for reholder and there was something so grossly overgraded with the card, they had to reduce the grade and compensate the owner the difference. so no, the cards aren't routinely re-graded, but if there is something so obvious that's wrong with the original grade, it will be assigned a new one. but generally, this is a non issue.

    But what if it was a huge amount of cash PSA would have to pay?

  • RufussCkingstonRufussCkingston Posts: 1,641 ✭✭✭✭✭

    @Yankeefan320 said:

    But what if it was a huge amount of cash PSA would have to pay?

    Then it would behoove PSA to leave the grade alone, assuming they self insure in these instances.

  • beachbumcollectingbeachbumcollecting Posts: 461 ✭✭✭

    @Yankeefan320 said:

    @dictoresno said:
    I'm pretty sure there have been instances where cards have been sent in for reholder and there was something so grossly overgraded with the card, they had to reduce the grade and compensate the owner the difference. so no, the cards aren't routinely re-graded, but if there is something so obvious that's wrong with the original grade, it will be assigned a new one. but generally, this is a non issue.

    But what if it was a huge amount of cash PSA would have to pay?

    not on a reholder but I did send in a card for the grade guarantee and get a check for $8K, the difference in value. This was 15 years ago so not sure if things work the same way today. In general unless it is an egregious mistake, the grade is going to be the grade. This is the same with all companies and why the grading standards have a range

  • RonSportscardsRonSportscards Posts: 942 ✭✭✭✭✭

    What happens when a Kelloggs card, for example, that is graded a 10, then cracks in the holder over time?
    It was graded correctly at the time, but clearly it's no longer a 10.
    Is PSA going to reimburse the difference or claim not responsible/"act of God"?

  • brad31brad31 Posts: 2,783 ✭✭✭✭✭
    edited April 10, 2023 1:29PM

    @RufussCkingston said:

    @Yankeefan320 said:

    But what if it was a huge amount of cash PSA would have to pay?

    Then it would behoove PSA to leave the grade alone, assuming they self insure in these instances.

    When publicly traded they did self insure. No way to know now.

  • brad31brad31 Posts: 2,783 ✭✭✭✭✭
    edited April 10, 2023 1:37PM

    @RonSportscards said:
    What happens when a Kelloggs card, for example, that is graded a 10, then cracks in the holder over time?
    It was graded correctly at the time, but clearly it's no longer a 10.
    Is PSA going to reimburse the difference or claim not responsible/"act of God"?

    I would imagine act of god. Which in this case I would actually stand by PSA. Same with the yellowing of certain 90s inserts. Good call out.

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