THAT CRACKING SOUND YOU HERE
mintyfresh
Posts: 46
sorry if I make a typo or two, but I'm in the process of cracking out all of my psa cards to crossover to SGC, GAI, and BGS. I'm just a small time collector, maybe 200 PSA graded cards so I should be able to finish over the weekend. PSA should be ashamed about how they handled the whole WIWAG scandal. It's always better to come clean early, tell people exactly what happened and the extent of the damage, and then take immediate corrective action to ensure this could never happen again. It's also important to communicate to the public what the corrective actions are in detail. From all I've seen and heard, PSA has tried to sweep this under the rug and hope the issue would just go away quietly. I know a lot of you have big money invested in PSA and will rip me for posting my opinion. But how can you guys stand by a company that treats you like this? Well thanks for the memories PSA but its time to move on.
Always looking for High Grade Pete Rose @ Mint 1975 Topps
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Comments
GG
<< <i>Well thanks for the memories PSA but its time to move on.
Like the other grading companies are perfect, right?
Good luck in your pursuit of the 'perfect' grading company...
When are people/companies going to realize that the minute something happens - fess up and do the right thing and in the long run, it will turn out better. If Martha Steward had fessed up from day one, she wouldn't be singing "Jail house Rock" right now!
your friend
Mike
We have known about the WIWAG problem some time ago. PSA has never been forthcoming about this issue. What caused you to make this drastic decision?
I think you might have a
Not trying to talk you out of it, or trying to apologize for That Bad Thing In History That Must Not Be Uttered, but just think very carefully before you toss out a substantial piece of your investment on principle.
If you're determined to do it, good luck. Hope you see this before it disappears.
<< <i> If Martha Steward had fessed up from day one, she wouldn't be singing "Jail house Rock" right now!
>>
not to derail the thread, but its not like Martha was the only one who profited from the sale of that stock...but plenty of MEN made thousands upon thousands doing the same thing.
Can you post a list of your crossover results when you get the cards back from GAI, PSA and BGS?
200 cards is a pretty good sample size and it will be interesting to see how each of the grading companies measure up with one another.
koby
PSA will not disclose anything ever. Like it was said, they have known about it for years. Maybe 20/20 will do a story and force a statement oot of them.
Don't forget CLCTs 2 largest shareholders have filed with the SEC to dump half their holdings. $2.5 million worth of shares. You think they know something we don't? Surely you don't think you know more than they? Maybe they have their kids college to pay for and need the cash right? Sure they do...
GG
Sorry to hear about your dissatisfaction with PSA. Thank you for doing that for us. The results will be very interesting.
koby
yaaa.. my 200th post.
Good luck on your submission - be interested to see what kind of results you get - like .5 bumps and all that. Do you have any low pop 9s or 10s?
your friend
Mike
I second that.
They did come clean and aided the collectors whom may have been ripped off. As I recall the restitution is valid through sometime this year. Here's the Link
But here's my advice for you. If you can't tell if your card meets the grade in the holder, then you shouldn't even be buying graded cards. Move on to something else.
<< <i><<sorry if I make a typo or two, but I'm in the process of cracking out all of my psa cards to crossover to SGC, GAI, and BGS. I'm just a small time collector, maybe 200 PSA graded cards so I should be able to finish over the weekend. PSA should be ashamed about how they handled the whole WIWAG scandal. It's always better to come clean early, tell people exactly what happened and the extent of the damage, and then take immediate corrective action to ensure this could never happen again. It's also important to communicate to the public what the corrective actions are in detail. From all I've seen and heard, PSA has tried to sweep this under the rug and hope the issue would just go away quietly. I know a lot of you have big money invested in PSA and will rip me for posting my opinion. But how can you guys stand by a company that treats you like this? Well thanks for the memories PSA but its time to move on.>>
They did come clean and aided the collectors whom may have been ripped off. As I recall the restitution is valid through sometime this year. Here's the Link
But here's my advice for you. If you can't tell if your card meets the grade in the holder, then you shouldn't even be buying graded cards. Move on to something else. >>
I do not think it is fair to tell someone not to buy graded cards if they can't tell what the grade should be. Isn't that one of the reasons there is 3rd party grading? I think collectors who don't understand all there is to know about grading, should only purchase graded cards, so they can learn what a certain grade looks like and so they don't get ripped off by sellers of unfraded cards.
Thanks H. Walker
<< <i>I think this is a major problem - no different than a recall from the auto company - I think, in fairness to a great product, that we give PSA a chance to make good on this. Right now their lawyers are probably telling them to clam up and wait till all the litigation is over before making a full disclosure. It's exactly what anyone would do if their company was in perile.
When are people/companies going to realize that the minute something happens - fess up and do the right thing and in the long run, it will turn out better. If Martha Steward had fessed up from day one, she wouldn't be singing "Jail house Rock" right now!
your friend
Mike >>
Stone I did not know there was any other litigation against PSA. Can you please expalin what the others are?
The only other litigation I have heard abot is against PSA/DNA. Thats a seperate company I believe.
H. Walker
<< <i>
But here's my advice for you. If you can't tell if your card meets the grade in the holder, then you shouldn't even be buying graded cards. Move on to something else. >>
I disagree. Not everyone can be an expert at all things. One of the purposes of third-party grading is to help collectors in determining whether a card is real or no real. Another purpose is to take the subjectivity out of card grading. Some people rely on PSA for its expert opinion for authentication and objective grading. There is nothing wrong with this.
So I should only buy raw cards on Ebay because I cannot tell from the scan if the card meets the grade on the holder? Why have graded cards if you have to be a expert grader to tell if they are graded correctly. Sounds backasswards to me, care to clarify on your statement.
Jim
RAW RULZ!!!
Seriously, while I personally don't see any reason to submit cards to any company to get graded, I do know and accept the reason and value of graded star cards.
Groucho Marx
<< <i>
<< <i>I think this is a major problem - no different than a recall from the auto company - I think, in fairness to a great product, that we give PSA a chance to make good on this. Right now their lawyers are probably telling them to clam up and wait till all the litigation is over before making a full disclosure. It's exactly what anyone would do if their company was in perile.
When are people/companies going to realize that the minute something happens - fess up and do the right thing and in the long run, it will turn out better. If Martha Steward had fessed up from day one, she wouldn't be singing "Jail house Rock" right now!
your friend
Mike >>
Stone I did not know there was any other litigation against PSA. Can you please expalin what the others are?
The only other litigation I have heard abot is against PSA/DNA. Thats a seperate company I believe.
H. Walker >>
H.W.
Nothing that hasn't already been mentioned - I was really referring to all of the stuff that is affecting their image right now. They could still be conceivably "class action" sued for one thing - I think they will have to lay low for a long while before coming forth. They made some mistakes but like anyone in this situation - the spin doctors and the damage control experts are most likely on the job right now - if not - they should.
This is as much a PR problem as anything else - there are experts to help minimize the damage.
One is not just fixing a problem here - there is also an image to fix/maintain IMO.
your friend
Mike