Long-Time PSA Customer Burglarized

SportsModerator

Hi everyone,


We recently learned that a long-time PSA & PSA/DNA customer was burglarized over this past weekend, and we wanted to take a moment to share his story.


Here is a link to the article that Sports Collectors Daily reported yesterday: http://www.sportscollectorsdai...ocal-mans-collections/



We hope that by sharing his story here on the boards we can raise awareness in case the community hears of something that may lead to the arrest of the criminals.


So please, if you hear anything that may be related to this case in some way, we urge you to reach out to the authorities immediately.



Thanks,


The PSA Team

Darin

Thanks for posting that story. Hope the criminals get caught, and quickly.

PSASAP

That was a terrible thing to happen to someone, especially one whose love of the game is so apparent. Is there a way to identify the cards, even if they've been cracked out of the slabs? Photo matching the cards if someone tries to sell the collection?

dtkk49a

I always tell my wife and kids to never talk about my collectibles. I will pray that this man gets his stuff back. Whoever did it had to know they would not be home for awhile. How does a massive safe get removed with no one noticing??

mexpo75

So sad. Always good people get taken like that.

cards651

Originally posted by: dtkk49a

How does a massive safe get removed with no one noticing??

Southern California. You just don't ask. San Bernardino killers were moving artillery into their apartment and no one called police. I love it but it's a mind your own business region.

UncleTwoPillow

Well, generally speaking, we all want a little privacy in our lives, no? The region where this occurred is a sprawling, affluent community with some pretty vast properties. This would be my assumption, anyhow. If the nearest neighbor is distant enough not to notice, then quite a lot of activity could go undetected.



I doubt the regrettable events in S.B. could have been detected if the perps were disguising their intentions so well. They also had a collaborator.



Yes our home has its dangers. But no different than anywhere else. Wake up, be safe, good day.

addicted2ebay

Awful. I'm very sorry to hear this. The robbers will probably try and sell the collection at some point so hopefull they will get caught. Most likely a pawn shop or Craigslist I'm guessing.

flatfoot816

Terrible to hear and 1 of my worst fears. So sorry for the collector. But what surprises me even more than the theft was that this advanced collector did not have insurance on his collection.



A home owner's policy does not cover your collection. You need specific collector's insurance.

cards651

Good point on insurance. I checked at one point. Everything needed to be scheduled (listed out) and it was pretty expensive. Paying the premium year after year didn't make sense to me. It's tough to hold non-liquid assets. Carrying costs and risk of loss are always underestimated.

VintagemanEd

Insurance is a must if your offer $100,000 plus for sure in value. We all insure our homes even if there is no mortgage so why not your cards also

49ersGuy

safety deposit box in a bank is $35 to $100 a year. That's where I would put any high value card of $1000 or more (if I had such a thing)

packCollector

Originally posted by: cards651
Good point on insurance. I checked at one point. Everything needed to be scheduled (listed out) and it was pretty expensive. Paying the premium year after year didn't make sense to me. It's tough to hold non-liquid assets. Carrying costs and risk of loss are always underestimated.

collectinsure does not need everything scheduled. Only items over 5K. Some type of proof is all you need, psa registry would suffice I would guess for most. a few pictures and invoices would also help. and it is cheap for collectors policies

JBrules

Originally posted by: packCollector

Originally posted by: cards651
Good point on insurance. I checked at one point. Everything needed to be scheduled (listed out) and it was pretty expensive. Paying the premium year after year didn't make sense to me. It's tough to hold non-liquid assets. Carrying costs and risk of loss are always underestimated.

collectinsure does not need everything scheduled. Only items over 5K. Some type of proof is all you need, psa registry would suffice I would guess for most. a few pictures and invoices would also help. and it is cheap for collectors policies

+1

RyansRust

Sad to hear. Everyone's worst fear on here. To those who feel a heavy safe is a deterrent- Hydraulic Raise-N-Roll Machinery Dolly.

cards651

I have seen them advertise. Perhaps it's a good niche for them. But mainstream insurers aren't dumb. This stuff is tough to insure. The record keeping and accurate valuation is difficult. Threads like these always remind me -- money on cards is like money for a nice dinner -- it's gone. Real money goes into the bank or mutual fund.

Originally posted by: JBrules

Originally posted by: packCollector

Originally posted by: cards651

Good point on insurance. I checked at one point. Everything needed to be scheduled (listed out) and it was pretty expensive. Paying the premium year after year didn't make sense to me. It's tough to hold non-liquid assets. Carrying costs and risk of loss are always underestimated.

collectinsure does not need everything scheduled. Only items over 5K. Some type of proof is all you need, psa registry would suffice I would guess for most. a few pictures and invoices would also help. and it is cheap for collectors policies

+1

cards651

Meant to add -- I insured my daughter's $4k violin for about $10 annually. Scheduled separately. Very affordable IMO. Perhaps if you're insuring a $4k card, you can make it work. But if your trying to insure a $4k collection of hundreds of different cards, it becomes difficult.

Originally posted by: cards651

I have seen them advertise. Perhaps it's a good niche for them. But mainstream insurers aren't dumb. This stuff is tough to insure. The record keeping and accurate valuation is difficult. Threads like these always remind me -- money on cards is like money for a nice dinner -- it's gone. Real money goes into the bank or mutual fund.

Originally posted by: JBrules

Originally posted by: packCollector

Originally posted by: cards651

Good point on insurance. I checked at one point. Everything needed to be scheduled (listed out) and it was pretty expensive. Paying the premium year after year didn't make sense to me. It's tough to hold non-liquid assets. Carrying costs and risk of loss are always underestimated.

collectinsure does not need everything scheduled. Only items over 5K. Some type of proof is all you need, psa registry would suffice I would guess for most. a few pictures and invoices would also help. and it is cheap for collectors policies

+1

flatfoot816

most people on these boards are collectors who have probably 90% of their collection graded. If you utilize PSA's inventory system or have registry sets you can use a print out of the SMR along with a print out of your inventory or registry set to show ownership and value. Not difficult at all. Collectinsure also allows for a 10% or more yearly increase on your original value.



If you have raw cards obviously this would not work w/o a professional appraisal

MULLINS5

This is terrible and I hope the thieves are caught.



One thing I noticed is when I googled his company "DDM Sports Investments" it takes me straight to his house.



When setting up a business from home I highly recommend using a PO BOX.

totallyradd

Originally posted by: 49ersGuy
safety deposit box in a bank is $35 to $100 a year. That's where I would put any high value card of $1000 or more (if I had such a thing)

I think by having a fire proof safe that required 4 people to get it into the house is going to keep your items safe 99% of the time.

This teeters on victim blaming.