Navigated to PSA’s Business Model Exposed: Upcharges, Insurance, and Guarantees—Collectors Fire Back + “Buy the Card, Not the Slab” Rant

PSA’s Business Model Exposed: Upcharges, Insurance, and Guarantees—Collectors Fire Back + “Buy the Card, Not the Slab” Rant

October 23
47 mins

Episode Description

Community crossfire with Chris McGill & Josh Adams. Joe signs off and we sprint through 70+ starred comments: Is PSA’s upcharge model fair capitalism or a predatory practice? Would a flat-fee grading tier solve the rage (and reduce cheap slabs)? Who actually benefits from the PSA guarantee—and why doesn’t the submitter get it? We dig into Nat Turner’s pre-ownership take vs today, authenticity vs condition guarantees, and the collector vs flipper divide. Jeremy also shares a real $6,000 guarantee payout story—and the designer-clothes analogy for why slabs drive value even though the card hasn’t changed.

Highlights

  • Flat-fee grading idea: demand control, less plastic, fewer low-value slabs

  • Free market lens vs “predatory” framing—who’s choosing to pay?

  • Guarantee realities: per-card and lifetime caps, submitter exclusion

  • “Buy the card, not the slab” vs registry/set-building culture

  • Do changing standards make old grades obsolete? Expiring-grade thought experiment

  • Collector feedback as a feature, not a bug—why companies should listen

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