Since the CGC playtest scandal, what does this mean for CGC Cards?

BGS usage is back on the menu boys

200w

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not bad kid, keep up the good work

but in response to the topic at hand, nothing will change. the average collector doesn’t give a damn about this if they even hear about it.

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Still lost :frowning: PSA hasn’t responded to me since last week

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I’e never buy any high end/trophy card from CGC. Almost never had (only one AA but I’ll swap to PSA for that card), never will.

PSA is the way to go.

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Dang…My bad.

Consistency is key, overcoming adversity wins the war not the battle.

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I don’t grade with or collect CGC but I doubt this will matter much in the grand scheme of things. You have to be pretty deep into the hobby to even know or care about this stuff. Hell I spoke to a buddy of mine yesterday about this and he had never even heard of these playtest cards let alone knew or cared about this mess. And he’s pretty involved in the hobby.

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Not sure if people here follow sports cards, but PSA slabbed literally thousands of trimmed cards and has only grown more popular since then.

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Grading altered cards has always been a thing even back in the 90s. The nice thing with PSA is their grade guarantee of which they’ve paid thousands if not more to correct the ones that pass through.

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Unfortunately concrete enough proof for a reimbursement rarely exists.

And then there’s the actual value they pay back to you - which is based on their discretion. A friend of mine went through this process and received much less than what he paid.

Ultimately it’s a hollow guarantee.

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It’s based on the market value at the time they reimburse the customer. In many cases the market value is multiple times higher than when the card was originally purchased. I know of one example where the card was purchased over a decade ago, was found to not be authentic, and the customer was reimbursed $150k for it.

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What is fair market value for a card proven to be fake?

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ze-wait, you lowk on to something…

Now that’s a rabbit hole in itself :pikasweat: (assuming you’re talking about the protos)

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Yeah, I’m aware. But it’s their determination of market value which can be based on things as out of touch as their SMR tables. Your only recourse is to try to sue them and waste legal fees.

The broader issue is that only a fraction of the trimmed cards they slab even make it to the point of a reimbursement. They’ve shown no ability to detect this and clearly it does not affect their business.

I don’t have any vendetta against PSA. All grading companies slab trimmed cards and counterfeits. PSA does so the most simply because they have the greatest volume.

It’s all because people overvalue the opinion of some guy behind a label.

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Quite famously, PSA graded card number 00000001 (the first card ever) is a trimmed hand cut that they knew was trimmed but didn’t notate lol

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IMO a trimmed card and forgery are two entirely different things.

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100%! This prototype scenario is beyond anything we’ve previously experienced. While trimmed cards suck, they are altered real cards.

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exactly my thought process as well. If I have a trimmed card, at least it’s an altered real card.

A forgery, is literally duping someone with something inherently worthless.

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It will do absolutely nothing to them.

CGC’s authentication of the playtest cards was a completely foreseeable and in fact likely outcome of their wider high-end grading practices. I can probably count on two hands the number of high-end CGC cards that I don’t believe were the result of “incentivizing” in one form or another. CGC played with fire and got burned, but nobody with two brain cells to rub together was choosing CGC for their high end cards anyways, unless they got something out of it that made it worth it. And no, I’m not talking about lower prices.

As others have noted, the scandal won’t affect CGC’s bottom-of-the-barrel whatnot mystery box stuffer business. In fact, with PSA raising prices on TCG bulk and no grading special in sight, I wouldn’t be surprised to see CGC’s business increase like it did in 2021.

Effectively, there will be almost nobody that (a) was already submitting to CGC in significant numbers and (b) this scandal makes them stop doing it. If anything, the main output of this scandal will be a well-deserved reexamination of CGC’s high-end grading practices. However, I am not hopeful.

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