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PSA “Loses” Customer’s Connor McDavid 2017 Upper Deck Buyback Autograph

The hobby media has been beating up grading companies recently, and for good reasons.  Whether its guaranteed grades based on your volume submission, to looking the other way when it comes to altered cards.  It hasn’t been a good year for graders.  Just check out all the garbage that’s been going on.  And the hole just keeps getting deeper.

I woke up this morning to see a tweet on Twitter from a Dave Guido.  In it, he talks about how a friend of his recently submitted a Connor McDavid 2017 Upper Deck Buyback Autograph to PSA for grading.  On June 19, 2019 this e-mail began to fly around:

That’s correct.  PSA openly admits to losing the card.  They offered a $499 credit on the account or a check for the same amount.  If you’re wondering why the declared value was only $499, its so his friend could take advantage of a specific grading pricing structure.  There is no excuse for losing that card.  Did they even lose it at all?  That card is worth well over $499.  For all we know PSA saw an opening to basically buy a card for $499 while fully aware that they could sell it for a lot more.  I’d like to see this footage they’re talking about.  Unfortunately, that footage will probably never see the light of day.  It’ll get locked up with the Bigfoot, UFO, Elvis, and JFK tapes.

FYI – I wouldn’t deal with any grading companies today.  If you have to, I’d suggest declaring the card’s actual value just in case they decide to pull something like this.