What would happen if...
vintagetoppsguy
Posts: 871
I have been buying a lot of graded wax/cello/rack packs (only 70's stuff) to put away. I have a pretty even mix of GAI and PSA as those are the only two companies grading that stuff at this point. Here is my hypothetical question. What if it were found out that one of those two companies had accidentally graded a lot of re-sealed wax by mistake and the word got out. Do you think this would hurt their reputation for wax grading? If so, would it hurt their reputation for card grading as well? If so, would the rest of their stuff be considered questionable or even worthless? Could it hurt them bad enough to put them out of business?
At this point, I am putting it away to re-sale later with the intentions of making a profit. So, it is an investment and just like any investment, shouldn't I diversify - buying both GAI and PSA wax? What are your thoughts?
For the record, PSA's wax holder is MUCH BETTER than GAI's. I like the size of the GAI holder, but the PSA holder has it beat hands down.
Anybody else buying wax to put away?
At this point, I am putting it away to re-sale later with the intentions of making a profit. So, it is an investment and just like any investment, shouldn't I diversify - buying both GAI and PSA wax? What are your thoughts?
For the record, PSA's wax holder is MUCH BETTER than GAI's. I like the size of the GAI holder, but the PSA holder has it beat hands down.
Anybody else buying wax to put away?
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Comments
http://sportsfansnews.com/author/andy-fischer/
<< <i>Doesnt steve work for psa? Of course he is going to start putting his mechandise in PSA holders now. That doesnt make Gai any better or worse. Its just business. >>
Are there sellers out there that also work for PSA?
That seems like it would be a HUGE conflict of interest to me. You'd think PSA would have something restricting that in their hiring contract. For example, I write about video game for a living. If I take a job for a game developer or publisher, my editors would let me go. I would hope PSA would do the same.
mosaic's Nolan Ryan Basic Topps registry set
mosaic's Big 3 Nolan Ryan Run Showcase
GAI has certainly had its share of bad PR, especially with those bogus grocery cellos from the mid-70s, the 1958 cello fiasco, and the headless rack packs that Murphy was selling some time back, but they are still FAR better than buying raw on ebay where the majority of "unopened" and "unsearched" packs are anything but.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
mosaic's Nolan Ryan Basic Topps registry set
mosaic's Big 3 Nolan Ryan Run Showcase
Steve doesn't assign the grade to the pack; he determines only if it is authentic or not. The PSA graders then assign the grade after he gives it the OK.
I agree with the dealer/conflict of interest thing, but the problem with this field is that there are very few people qualified to authenticate unopened material, especially scarcer vintage product, and those that are qualified are usually dealers, too. Mark Murphy, for example, had two separate stints as chief authenticator for GAI.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
He authenticates, but doesn't actually assign a grade to the pack once it's determined to be authentic. In the beginning I believe he traveled to Newport Beach once a month or so to authenticate, but I'm not sure if that is still the case.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Do you put it in the registy, even though you are cheating others?
Do you sell it, even though you are cheating the potential Buyer?
Do you crack it and resubmit, even though you should get a 2 grade subtraction?
Or do you keep it in your collection and that's that?
Personally, I would crack or keep it.
But that's just me