PSA Mislabel error resulting in significant value swing

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obg12092018
obg12092018 Posts: 3 ✭
in Trading Cards & Memorabilia Forum

Does PSA stand behind their labels on the secondary market?
For example
If you buy a 1993 Upper Deck Gold Hologram Derek Jeter PSA 9 on the secondary market for $1,000
You get the card shipped and see it's not a Gold Holo, but just a regular UD - worth about $75 on secondary market
The label says Gold Holo, and the seller was unaware it was anything different than the label claimed it to be

So who's on the hook for this?
Does PSA reimburse a buyer based on the label value? Or is the buyer or seller just screwed due to the PSA mistake?
Another card this could be common on is Topps Tiffany or OPC/Topps - or other older parallels

Comments

  • nam812
    nam812 Posts: 10,608 ✭✭✭✭✭
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    If this happened to me I would expect the seller to take it back and make me whole and then he can work it out with PSA.

  • obg12092018
    obg12092018 Posts: 3 ✭
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    In the end that's what will happen, but the seller bought from secondary market too so eventually somebody is left hung - my thought is it should be the company that claims to be the top of the industry

  • dictoresno
    dictoresno Posts: 1,009 ✭✭✭✭✭
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    I think PSA would stand behind it and compensate the owner of the card.

    myslabs.to/smzcards

  • 1982FootballWax
    1982FootballWax Posts: 2,848 ✭✭✭✭✭
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    @dictoresno said:
    I think PSA would stand behind it and compensate the owner of the card.

    Is there anything documented that shows they have "ponied up" in these situations?

    It's the singer not the song - Peter Townshend (1972)
    Not even a minute do I buy the whole buh buh buh I'm a man-child japery - Me (2025)

  • Vagabond
    Vagabond Posts: 625 ✭✭✭✭✭
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    You shouldn’t have to deal with this. Return the card to the seller, get your money back and let him deal with that issue.

  • ElvisP
    ElvisP Posts: 1,073 ✭✭✭
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    @dictoresno said:
    I think PSA would stand behind it and compensate the owner of the card.

    Ummm.. I don’t think so.

  • steel75
    steel75 Posts: 1,648 ✭✭✭✭
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    I'm assuming front and back pics were shown, but never saw it was the wrong one before buying?

    1970's Steelers, Vintage Indians
  • PROMETHIUS88
    PROMETHIUS88 Posts: 3,110 ✭✭✭✭✭
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    It is sort of up to you, as the submitter to confirm the labels are correct. Someone, somewhere, knew the label was wrong and sold it claiming it to be something other than what the card actually is. IMO, PSA is not responsible.

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