PSA - Crimping your style - Shadowless Venusaur Gem Damaged

[KingPokemon]

@japanime

And now everyone knows why I refer to these PSA cases as “plastic prisons.”

You might as well just attach your cards to the spokes of a bicycle wheel.

Which you and I did, many years ago

[jkanly]

@KingPokemon

@japanime

And now everyone knows why I refer to these PSA cases as “plastic prisons.”

You might as well just attach your cards to the spokes of a bicycle wheel.

Which you and I did, many years ago

I used plastic/plexiglass. Paper cards kept falling off:)

[japanime]

@KingPokemon

@japanime

And now everyone knows why I refer to these PSA cases as “plastic prisons.”

You might as well just attach your cards to the spokes of a bicycle wheel.

Which you and I did, many years ago

There you go again, calling us old.

[mrbug]

@KingPokemon

@hypernova

Actually, I would prefer that they do NOT try and look over the cards for damage after they’ve been encapsulated. Especially when they do something like what happened to @cinnaminhbun (www.elitefourum.com/t/3-13-cards-submitted-to-psa-ruined/19349/1). His card was already graded, damaged while being encapsulated, PSA noticed the damage, removed the card’s grade and replaced it with a submission grade of N9 (no grade). PSA was then able to contact him about damage to try and negotiate reimbursement based on his declared value rather than the market value of the graded card.

What I find most troubling in all of this PSA damage issue is that damaged cards no longer have the same future value possibilities as the original graded card, but that future value is not part of the possible compensation.

For example, when I brought up my damaged PSA 8 shadowless charizard to PSA’s attention in Nov 2017, the reimbursement calculation went a little like this.

PSA 8 Market Value (Nov '17): $650
PSA 5 Market Value (Nov '17): $150
Reimbursement value: $650 - $150 = $500

But wait a minute, what if we fast forward to November 2018, or November 2027? Do you think the value of a PSA 5 is going to rise at the same rate as a PSA 8 over time? Hell nah. And even their growth rates do stay the same, the 4x greater starting amount (650 vs 150) means the future value of the PSA 8 is going to be much larger than the PSA 5.

Let’s take a look at the price differential between these two cards in 10 years. I’ll assume 10% increase in price per year for the PSA 8 and a 5% increase in price per year for the PSA 5 (which I think would be low for both, especially when you compare year-to-year increases from last year to this year). I’ll be using a standard compound interest formula (A = P(1 + r)^n):

Estimated PSA 8 Market Value (Nov '27): 650(1 + 0.10)^10 = ~$1700
Estimated PSA 5 Market Value (Nov '27): 150(1 + 0.05)^10 = ~$250
2027 Reimbursement Value: $1700 - $250 = $1450

So I missed out on approximately $1000 (minus inflation) by redeeming my financial guarantee in 2017 rather than waiting ten years and redeeming the financial guarantee in 2027. That number might be insanely different depending on the market. Then again, maybe PSA goes out of business or decides to no longer honor any sort of Financial Guarantee. Regardless, my collectible, which was damaged by them now has much less earning/investment potential than it would otherwise. Part of me thinks this should be factored in when they discuss damage reimbursement.

You can’t expect reimbursement based on potential future value. In this case though I’d guess you’re right about them going up in value.

So you’re saying if they damage my (hypothetical) PSA 10 XY evolutions holo charizard, I can’t get back the lost hypothetical value of the card 100 years from now? That’s fucked

[KingPokemon]

@mrbug

@KingPokemon

You can’t expect reimbursement based on potential future value. In this case though I’d guess you’re right about them going up in value.

So you’re saying if they damage my (hypothetical) PSA 10 XY evolutions holo charizard, I can’t get back the lost hypothetical value of the card 100 years from now? That’s fucked

Sure you can…if the value hasn’t changed lol.

[mrbug]

@KingPokemon

@mrbug

So you’re saying if they damage my (hypothetical) PSA 10 XY evolutions holo charizard, I can’t get back the lost hypothetical value of the card 100 years from now? That’s fucked

Sure you can…if the value hasn’t changed lol.

With the card used in my hypothetical that’s probably a very distinct possibility haha

[golbat1991]

This card has appeared on eBay. No mention of any damage.

www.ebay.com/itm/PSA-10-Shadowless-Base-Set-Venusaur-Holo-15-102-Gem-Mint-Pokemon/263836753158?_trkparms=aid%3D111001%26algo%3DREC.SEED%26ao%3D1%26asc%3D20160908105057%26meid%3De11793358a60499088c48b08d331c829%26pid%3D100675%26rk%3D2%26rkt%3D15%26sd%3D263836749546%26itm%3D263836753158&_trksid=p2481888.c100675.m4236&_trkparms=pageci%3A19bf2c27-9391-11e8-9023-74dbd1805327%7Cparentrq%3Ae8a0b8ef1640aa492c0d4d5bfffd305b%7Ciid%3A1

[chinameowthsunflower]

@golbat1991

This card has appeared on eBay. No mention of any damage.

www.ebay.com/itm/PSA-10-Shadowless-Base-Set-Venusaur-Holo-15-102-Gem-Mint-Pokemon/263836753158?_trkparms=aid%3D111001%26algo%3DREC.SEED%26ao%3D1%26asc%3D20160908105057%26meid%3De11793358a60499088c48b08d331c829%26pid%3D100675%26rk%3D2%26rkt%3D15%26sd%3D263836749546%26itm%3D263836753158&_trksid=p2481888.c100675.m4236&_trkparms=pageci%3A19bf2c27-9391-11e8-9023-74dbd1805327%7Cparentrq%3Ae8a0b8ef1640aa492c0d4d5bfffd305b%7Ciid%3A1

That guy is usually pretty critical of psa on ebay too. Guess I won’t be buying cards from him anymore.