While we are on the topic, if we just take it all to be true and agree that PSA totally changed how they grade, then how should we react?
It demonstrates that PSA has consistency issues (frankly, that shouldn’t be news). So logically, we should collectively value all PSA cards less if they have shown themselves to be a less reliable third party authenticator. Right?
Instead, the logic trying to be sold is we should value certain slabs more and certain ones less, based on when they were graded. It’s extremely short-sighted. Because if the company can completely invalidate all grades before a specific date, they can do it again.
So the problem I have is that the lesson should be that we should all collectively question whether the PSA premium makes sense and how much stake we should put into their opinion - which I’ve been advocating for years ( → Why even bother with PSA 10s? ). Instead, we get a strange doubling-down on PSA in an extremely specific way. “We can’t trust PSA before this date”. This logic has been around for years and the date just keeps moving forward.