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Professional Sports Authenticator (PSA) has been hit with a class action lawsuit by a baseball card collector who claims that the appraisal company knowingly graded altered cards and sold them at auctions.
Plaintiff Eric Savoy, a baseball card collector says that he has sent his own baseball cards to PSA for grading and has bought graded cards from the company.
In fact, he believes that he has purchased at least one graded card despite the fact that it was altered.
According to the plaintiff, a card owner sends a card to PSA in order to get a rating for that card. PSA will then determine if a card is “authentic and unaltered.” If the company determines that the card is authentic, it will grade the card on a 1-10 scale, based on its physical condition. If the company finds out that the card is altered, it will not grade the card on the 1-10 scale.
The plaintiff maintains that the PSA grade will have a direct impact on the market value of the card and that a “step up” of one or two grade could increase a card’s value tenfold, depending on the value of the card.
“Contrary to its guarantees to consumers, PSA in fact graded a substantial number of altered cards on its 1-10 scale,” the PSA class action lawsuit alleges.
The plaintiff maintains that PSA knew that cards were altered when it gave them the grades on the 1-10 scale. The plaintiff states that the altered cards were then sold with their newly inflated ratings and, in July 2019, The Washington Post reported that collectors had identified $1.4 million in the sale of altered cards.
In fact, the Washington Post points to a Stan Musial card from 1952 which reportedly had a spray black print mark on a white frame and sold for $2,800 in late 2017. The article notes that, seven months later, another 1952 Stan Musial card without that print mark was sold for $28,100. Collectors are claiming that the two cards are the same item, which was allegedly altered to remove the blemish, thus inflating its value.
According to the class action lawsuit, other altered cards have stains removed and creases smoothed out in order to increase their value. Sometimes the cards are “trimmed” to create a gap between the card and the edge of the case in which it was placed, the plaintiff alleges. In addition, each card reportedly has its own distinctive characteristics such as how the image on the card is centered in the frame as well as patterns on the fibers on the cards which collect dirt or other debris. The altering of these aspects of the cards could result in a card getting a better grade than it actually deserves, the plaintiff maintains.
“Indeed, collectors were able to use PSA’s records to uncover the scheme, yet PSA contends that it continued to grade altered cards without noticing from its own records that it had previously graded those cards at a lower grade,” according to the class action lawsuit.
PSA’s fee schedule incentivizes the company to over-grade cards for consumers who are willing to pay more so that their cards can be graded, according to the PSA class action lawsuit.
“PSA charges based on the perceived market value of cards and requires consumers to self-appraise the value of their cards before submission,” the plaintiff alleges.
The plaintiff states that PSA knowingly graded cards at higher grading levels for preferred customers who gave the company a high number of cards in order to collect the fees that come with those submissions.
The PSA class action lawsuit claims that the company guarantees consumers that it will not grade altered cards and that if they purchased an altered card, they will “be made whole” for the lost value of the baseball card.
The class action lawsuit also states that the company defrauded consumers by grading cards that were altered and then selling those cards to consumers.
In addition, another defendant in this case, PWCC Marketplace LLC, is accused of knowingly selling cards that were altered that were purported to be unaltered.
“In fact, collectors identified instances in which PWCC sold PSA rated cards which were then altered, submitted to PSA, graded at a higher level, and sold through PWCC by the original buyer,” the PSA class action lawsuit states.
Potential Class Members in this case include: “Individuals who used PSA’s services to rate cards, who bought altered cards that were nonetheless rated by PSA on its 1-10 scale, and who currently hold altered PSA rated cards including, but not limited to, those purchased through PWCC.”
Have you had baseball cards appraised? Leave a message in the comments section below.
The plaintiff is represented by Marcus J. Bradley, Kiley L. Grombacher, and Robert N. Fisher of Bradley/Grombacher LLP, and Sahag Majarian II of Law Offices of Sahag Majarian.
The PSA Altered Baseball Cards Class Action Lawsuit is Eric Savoy v. Collector’s Universe, et al., Case No. 30-2020-01130892-CU-RI-CXC, in the Superior Court for the State of California, County of Orange.
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190 thoughts onPSA Card Class Action Says Altered Baseball Cards Graded and Auctioned
There’s no question PSA plays favorites if you continually send in bulk items. I recently received my order back with grades of ‘8 for Michael Jordan SP1. They should have been 9 and one was possibly a 10. The difference in value is tremendous.
I also got back in another order, a 1952 Bowman Willie Mays. This card was so good I was afraid is wasn’t real, although the elderly gentleman assured me it was. This had to be an 8 or 9. It came back a 7. Now when I buy, if I see an old collection that is G-VG, a PSA 4, I assume it will grade a 3. I don’t send it enough cards.
And has anyone addressed the fact that workers at PSA collect cards? I’ll bet their grades are nice and high!
I get where you are going with this. I’ve got 86 Jordan’s that look identical to PSA 10 gem mint on Ebay currently. Like I really want to send them to PSA for grading and have 7.5 and 8’s come back to me. I’d trust them as far as I can throw them. Like they are really going to send me back my $100,00.00 Micheal Jordan 57’s. What protection-guarantee do I have to feel assured I’ll receive the cards I sent them??? My guess is slim and none.
PLEASE ADD ME
I have bought from PWCC Auctions. I guess I better go back with a magnifying glass and look at them again.
I sent a real nice Clemente and Mantle card in to PSA for grading expecting them to come in at a 7or 8. They came back a 5 and a 6. I’ve Been looking at baseball cards for 50 years and these were a lot better than what they graded them at. I guess if I wanted a better grade I should have sent them about 100 cards instead of 3 or 4.
I agree. I sent in a full Super Bowl 11 ticket to PSA . I expected it to be graded a 7 or higher. PSA graded it a 5. I was very upset. They have cost me a lot of money over the years. I won’t be using PSA again!!!!
Please add me
I’ve been with PSA since 1996 and have had no issues with them – No card is perfect – period – neither are the grading companies – PSA SGC – And beloved Beckett (Who tried to get in the grading of coins and got shot down quickly by the experts in the coin hobby who have been working with coins for over a half century) when they touted their service as superior to the other grading services – So I’ll stick with PSA and you hobby experts can make your choices as you wish. By the way what service did you people use when you first started buying and submitting cards for grading? Just asking – That’s my 2 cents worth. A collector for over 68 years-
You’ve been with PSA a longtime? OK….how long have you worked there?
Beautiful answer!!!!!!!!!!!!!!!!
Look at PSA popping into the comments… trying to sway public opinion. Shysters
please add me
I have some PSA 6’s that look better than PSA 8’s I see on E-bay. probably large volume submitters.
They seem like a big scam. I can just imagine the kickbacks they are giving out to get card companies to endorse them. It’s time for a trading card grading company with full integrity to enter the market and replace all these scam card grading frauds.
Yeah..ADD ME TOO PLEASE. I sent some cards late last year. This bs that PSA is pulling off explains the lousy grades.
I grade you a 1 PSA
Please include me.
Add me please