12/17/2025
Posted this on a page about sports cards as they were debated the grade switching scandal with PSA and the monopoly PSA is creating. Most of the posts about it on sponsored pages are getting removed because the spin and pr department is going into overdrive. We may not be able to control what companies involved in our various collections do but we can control who we do business with. Im going to do a longer post but since one of the big spins on this story is ridiculous on its face figured I would just start with this.
Since one of the big reasons scandals involving PSA are dismissed as "they are not buying the card directly". That theory doesn't hold water. They are facilitating the sale and collecting money on it just like they collect a commission to sell on ebay from the vault. So they take a cut to grade it. They take a cut if they grade it high, they take a cut to store it, they take a cut to sell it and they take a cut broker it repackers. Meanwhile they also decide what its worth, what condition its in (or as they have been accused if there is too many in that condition). They control all aspects of the hobby including the minds of the lemmings (investors) who are manipulated to worship at the feet PSA for the alleged blessing of more value which means a higher cut for them. Oh well. Blessed be the Slab. So PSA may it be.