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PSA Guarantee cap

I just found out there is now a 250k cap per card and a 500k max per person on the guarantee cap for PSA now. It would not affect any of my cards, but high-end sure is now affected.

I think this is something relatively new. I believe in the past, all grades were fully guaranteed.

George Brett, Roger Clemens and Tommy Brady.

Comments

  • secretstashsecretstash Posts: 1,393 ✭✭✭✭
    edited September 13, 2023 7:47AM

    @craig44 said:
    I just found out there is now a 250k cap per card and a 500k max per person on the guarantee cap for PSA now. It would not affect any of my cards, but high-end sure is now affected.

    I think this is something relatively new. I believe in the past, all grades were fully guaranteed.

    Maybe they are discovering some high-end cards are trimmed within their holders. B) A broken clock is right twice a day after all. :D

  • olb31olb31 Posts: 2,920 ✭✭✭✭✭

    A clock is right twice a day afterall.

    Broken Clock

    Work hard and you will succeed!!
  • brad31brad31 Posts: 2,554 ✭✭✭✭✭

    Now they can afford to regrade the Wagner as trimmed.

    As they move to machine grading and improved technology they are going to open themselves up to a lot of exposure. I know if they do that I will be sending in everything I bought from PWCC to get checked out.

    Will never hit the lifetime or single card limit.

    Wonder if they are trying to purchase insurance to mitigate risk?

    Premium 10 is a card $250k or more so this brings their max exposure in line with their max fee.

  • craig44craig44 Posts: 10,494 ✭✭✭✭✭

    Good points @brad31. I hadnt thought of the AI or Machine grading aspect. That will open them up to a lot of liability on regrades.

    with this policy, the Wagner will forever stay in its PSA 8 holder.

    George Brett, Roger Clemens and Tommy Brady.

  • 80sOPC80sOPC Posts: 1,241 ✭✭✭✭✭

    The Wagner and other high profile, possibly doctored cards will stay forever in their slabs. Why would their owners ask for a second opinion? Whats the incentive?

  • mintonlyplsmintonlypls Posts: 1,737 ✭✭✭✭✭
    edited September 13, 2023 5:47PM

    Call me stupid…what does $500k cap per person mean…someone please explain in simple terms?

    mint_only_pls
  • craig44craig44 Posts: 10,494 ✭✭✭✭✭

    @mintonlypls said:
    Call me stupid…what does $500k cap per person mean…someone please explain in simple terms?

    A collector who has multiple cards valued over 250k could only file on the grade guarantee on 2 of them in his lifetime. after those 2, out of luck

    George Brett, Roger Clemens and Tommy Brady.

  • craig44craig44 Posts: 10,494 ✭✭✭✭✭

    @80sOPC said:
    The Wagner and other high profile, possibly doctored cards will stay forever in their slabs. Why would their owners ask for a second opinion? Whats the incentive?

    if ken kendrick ever decided it bothered him to own a trimmed wagner, the only recompense PSA would offer now is 250k. previous to this, they would have had to pay up the difference between an authentic/altered copy and a psa 8 copy. he has no choice but to keep it in the holder.

    George Brett, Roger Clemens and Tommy Brady.

  • 80sOPC80sOPC Posts: 1,241 ✭✭✭✭✭

    @craig44 said:

    @80sOPC said:
    The Wagner and other high profile, possibly doctored cards will stay forever in their slabs. Why would their owners ask for a second opinion? Whats the incentive?

    if ken kendrick ever decided it bothered him to own a trimmed wagner, the only recompense PSA would offer now is 250k. previous to this, they would have had to pay up the difference between an authentic/altered copy and a psa 8 copy. he has no choice but to keep it in the holder.

    Understood, but he’s had the card forever and knows the provenance. That card in particular, not sure the grade even matters, anyone that is a buyer for that card knows the history on it.

  • brad31brad31 Posts: 2,554 ✭✭✭✭✭

    The $500K limit could also be 100 $5K cards.

    Ken Kendrick may not always own the Wagner - while he is not going to get it reviewed somebody may someday. It has been sold 8 times since 1985. I agree that with this policy the Wagner never gets reviewed, however with the old policy it always would have come back an 8.

    If technology drastically changes and trimmed cards are easier to detect - I could see a world where all big $ cards are reviewed as part of the selling process.

  • craig44craig44 Posts: 10,494 ✭✭✭✭✭

    As AI becomes more of a daily aspect of life, it will not be long before it fully enters the tpg space. I would imagine, when that happens, that collectors will expect all significant cards to be reviewed by AI. Think of it like most today paying less for PSA cards graded in the 90s than they would for a modern graded card because the standards are so much tighter today.

    I envision either a new flip, or some kind of distinguishing mark showing cards that have been reviewed by AI. And then, those cards selling for significantly more.

    When cards are reviewed by AI, all the stuff missed by the humans will be on display. It could be ugly as many assume trimming/altering has been going on for many years and no doubt we all have altered cards in our collections

    George Brett, Roger Clemens and Tommy Brady.

  • RonSportscardsRonSportscards Posts: 792 ✭✭✭✭

    In the future, there could be an independent company reviewing already graded cards.
    We see this in the coin world. CAC would sticker a graded slab with a green sticker if the coin was on the higher end of the grade, and apply a gold sticker if the coin was undergraded by at least 1 grade.
    They're essentially grading the graders.
    It may be possible an all AI grading company like TAG, for example, could scan and review an already graded card and make determinations on card size, centering, microscopic surface flaws, etc. missed by humans, and then compare it to the given grade.

  • 80sOPC80sOPC Posts: 1,241 ✭✭✭✭✭

    You are misreading the room if you think a significant portion of high grade collectors truly care if their top pop cards are trimmed. That they will want these cards reexamined is hilarious.

    No one is giving up their prize possessions to be deemed lower grade, to capitalize on a guarantee that never would make them whole - today, yesterday or tomorrow.

  • AANVAANV Posts: 329 ✭✭✭

    @80sOPC said:
    You are misreading the room if you think a significant portion of high grade collectors truly care if their top pop cards are trimmed. That they will want these cards reexamined is hilarious.

    No one is giving up their prize possessions to be deemed lower grade, to capitalize on a guarantee that never would make them whole - today, yesterday or tomorrow.

    100% this.
    In my time in the industry, I have met many people with 8-figure investments in cards and they all echo the same sentiment: "As long as it's in a holder, that's all that matters."

  • miwlvrnmiwlvrn Posts: 4,226 ✭✭✭✭✭

    Regardless of whether you're a fan of the ebay authenticity guarantee or not, does anyone know why a graded single in a PSA holder is covered by the guarantee but a graded pack in a PSA holder is not?

  • @miwlvrn said:
    Regardless of whether you're a fan of the ebay authenticity guarantee or not, does anyone know why a graded single in a PSA holder is covered by the guarantee but a graded pack in a PSA holder is not?

    I would guess it has something to do with the guy that authenticates the packs offers no guarantee on his opinion.

  • craig44craig44 Posts: 10,494 ✭✭✭✭✭

    @YosemiteLakes said:

    @miwlvrn said:
    Regardless of whether you're a fan of the ebay authenticity guarantee or not, does anyone know why a graded single in a PSA holder is covered by the guarantee but a graded pack in a PSA holder is not?

    I would guess it has something to do with the guy that authenticates the packs offers no guarantee on his opinion.

    I hadnt thought of this, but i bet you are correct. Steve offers opinion only.

    George Brett, Roger Clemens and Tommy Brady.

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