This raises serious ethical dilemma's on PSA's part, assuming it as their doing. I don't imagine they actually graded that a 10 but happened after the grading has been completed and the flip was already made. But then who is the responsible party?
Assuming then, the results were posted and the owner was ecstatic to no end to have received the grade only to receive that in the mail. What do you do?
If PSA had caught it ahead of time, how would they handle the situation?
The current SMR is $1,200 on this card. It would seem to me that offering to buy back a card that sold at auction is a risky business proposition. There is nothing that prevents someone from jacking up the price of the card and then trying to profit from PSA's mistake.
I certainly could be wrong but I just don't see PSA buying this card back for $4,600.
David...I can give some insight as to how PSA's buyback program. They use a combination of SMR and what you paid, whichever is cheaper. There is nothing set in stone. The times I did it, I told them I didn't want the card back, but both times I got the card back in the lower grade slab and they deducted that value off of their 'mistake'. Neither time did I "get over" on them, and it felt like you were negotiating trying to buy a used car. Not something I looked forward to doing.....
The current SMR is $1,200 on this card. It would seem to me that offering to buy back a card that sold at auction is a risky business proposition. There is nothing that prevents someone from jacking up the price of the card and then trying to profit from PSA's mistake.
I certainly could be wrong but I just don't see PSA buying this card back for $4,600. "
I never said anyone was trying to profit off of PSA by winning this auction. I didnt even say anything close to that. I was just saying this card is not a 10 and Im sure someone who owns this down the line odds are they wont be happy and will send it back to PSA to be graded correctly and looks to get a refund. This card is 100% over graded. It will just take time for it to get back to PSA. Looks like its in the hands of someone who only cares about the PSA lable at this time. But Im thinking it will be sold again some time in the next 100 years.
Will PSA let you back on the board after you get kicked off over 10 times?
<< <i>I'm confident you put forth your best effort. >>
I'm confident you and storm trooper are the same person. You really need psychiatric help for all those personalites you have. How do you keep up with all of them?
Years ago (10 or 11) I sold him my pop 3 psa10 1986 Topps Steve Young rc...I wonder if he still has it. >>
He was on a mission a few years ago to hoard the 86's. Looks like he may be going the 85 route now. He had thousands for sale (non-graded) and offered them on the boards.
Thanks,
David (LD_Ferg)
1985 Topps Football (starting in psa 8) - #9 - started 05/21/06
Comments
<< <i>$4,600 for a $1 card. Nice work! >>
Yep, buy the holder, not the card.
Assuming then, the results were posted and the owner was ecstatic to no end to have received the grade only to receive that in the mail. What do you do?
If PSA had caught it ahead of time, how would they handle the situation?
There is no "dilemma" with PSA.
The submitter received a card back from PSA in this 10 holder.
The submitter consigned it to Probstein.
The card collecting community determined the market value for this card with the auction results.
The buyer, seller, and auction company are very happy.
Pretty much end of discussion.
<< <i>The buyer, seller, and auction company are very happy. >>
One of those parties is debatable.
<< <i>
<< <i>The buyer, seller, and auction company are very happy. >>
One of those parties is debatable. >>
I agree. I dont care if it's for a registry or not, I cannot imagine that person feeling its a proud specimen in their collection.
Needless to say that buyer dropped close to $10k yesterday on 85 FB PSA 10's.
<< <i>The buyer must have some serious coin to make a purchase like this and not even blink an eye. Either that or they're high on crack...... >>
lifestyles of the rich and stoned
https://kennerstartinglineup.blogspot.com/
<< <i>
<< <i>Slabbed anyway or notified the owner and came to settlement? >>
Knowing it was damaged and slabbing it anyways would be extremely irresponsible on PSA's part. >>
Maybe they didn't realize it. They grade over 10,000 items per day. Accidents are bound to happen.
<< <i>
<< <i>
<< <i>Slabbed anyway or notified the owner and came to settlement? >>
Knowing it was damaged and slabbing it anyways would be extremely irresponsible on PSA's part. >>
Maybe they didn't realize it. They grade over 10,000 items per day. Accidents are bound to happen. >>
Thread's been at the top of the board for days!
https://kennerstartinglineup.blogspot.com/
<< <i>Thread's been at the top of the board for days! >>
Through the weekend and a national holiday?? Not quite sure what you are saying...
<< <i>There is no "dilemma" with PSA.
The submitter received a card back from PSA in this 10 holder.
The submitter consigned it to Probstein.
The card collecting community determined the market value for this card with the auction results.
The buyer, seller, and auction company are very happy.
Pretty much end of discussion. >>
Yeah, that's an accurately graded PSA 10. A real stunner. So beautiful, congrats to the buyer for adding such a rare slab to his collection. /sarcasm
WTB: 2001 Leaf Rookies & Stars Longevity: Ryan Jensen #/25
Thanks,
David (LD_Ferg)
1985 Topps Football (starting in psa 8) - #9 - started 05/21/06
The current SMR is $1,200 on this card. It would seem to me that offering to buy back a card that sold at auction is a risky business proposition. There is nothing that prevents someone from jacking up the price of the card and then trying to profit from PSA's mistake.
I certainly could be wrong but I just don't see PSA buying this card back for $4,600.
<< <i>Neither time did I "get over" on them >>
I'm confident you put forth your best effort.
The current SMR is $1,200 on this card. It would seem to me that offering to buy back a card that sold at auction is a risky business proposition. There is nothing that prevents someone from jacking up the price of the card and then trying to profit from PSA's mistake.
I certainly could be wrong but I just don't see PSA buying this card back for $4,600. "
I never said anyone was trying to profit off of PSA by winning this auction.
I didnt even say anything close to that.
I was just saying this card is not a 10 and Im sure someone who owns this down the line odds are they wont be happy and will send it back to PSA to be graded correctly and looks to get a refund. This card is 100% over graded. It will just take time for it to get back to PSA. Looks like its in the hands of someone who only cares about the PSA lable at this time. But Im thinking it will be sold again some time in the next 100 years.
<< <i>will PSA buyback cards you've accidentally bid on? >>
Will PSA let you back on the board after you get kicked off over 10 times?
<< <i>I'm confident you put forth your best effort. >>
I'm confident you and storm trooper are the same person. You really need psychiatric help for all those personalites you have. How do you keep up with all of them?
Is the buyer dissatisfied with the card?
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I made a general statement that PSA could expose themselves to fraud if they bought back cards from an auction selling price.
Obviously this card is horrendous for the grade but you never know the guy buying it might think it is great.
I just wanted more clarification on how PSA determined how much to buy a card back for. The SMR price, auction price or some other price.
Thought you were saying I said the guy bought it to sell back to PSA.
My bad!!
<< <i>Did Kevin @ elitecards win this? >>
Yes. The buyer of the Payton also got the pop 1 Eason card, which elitecards just added to his set.
WTB: 2001 Leaf Rookies & Stars Longevity: Ryan Jensen #/25
<< <i>Did Kevin @ elitecards win this? >>
Years ago (10 or 11) I sold him my pop 3 psa10 1986 Topps Steve Young rc...I wonder if he still has it.
<< <i>
<< <i>Did Kevin @ elitecards win this? >>
Years ago (10 or 11) I sold him my pop 3 psa10 1986 Topps Steve Young rc...I wonder if he still has it. >>
He was on a mission a few years ago to hoard the 86's. Looks like he may be going the 85 route now. He had thousands for sale (non-graded) and offered them on the boards.
Thanks,
David (LD_Ferg)
1985 Topps Football (starting in psa 8) - #9 - started 05/21/06