PSA & FedEx Theft Update: Millions Lost?
A trading card collector reports on a major FedEx theft involving a truck full of PSA-graded cards, estimating over 1,000 cards worth millions of dollars were stolen. The speaker criticizes PSA for only publishing 382 serialized cards and urges them to release the complete list and compensate affected collectors to restore community trust.
Summary
The speaker provides updates on a significant FedEx heist involving a truck full of PSA (Professional Sports Authenticator) graded trading cards. Initially, PSA released a list of 382 serialized cards to major auction houses and consigners, which the speaker praised as a good step. However, through outreach from affected collectors, the speaker has determined the actual theft is much larger—potentially over 1,000 cards worth millions of dollars in total declared value.
The speaker cites specific examples of losses: one major dealer lost $500,000 in declared value; another lost $160,000 in SkyB cards; another lost $100,000. A former major league baseball player reportedly had $100,000 worth of cards on the truck. The speaker estimates this could be the worst trading card theft in history, surpassing previous incidents like the Dallas theft.
The speaker expresses frustration that PSA has not published the complete list of affected cards and theorizes they may be hiding the full extent of the loss due to its severity. The speaker calls on PSA to release a comprehensive list to all card shows and flea markets nationwide so collectors can watch for stolen cards being cracked or resold.
The speaker also discusses the broader implications: national news outlets are reaching out for coverage, and at least one major auction house representative expressed concern that PSA may now be targeted for theft like in the movie "Fast and Furious." The speaker urges PSA to go above and beyond standard terms of service to compensate affected parties, improve courier services (potentially using armored trucks like Brinks), and restore community confidence in the grading and shipping process.
Key Insights
- The speaker has collected information from multiple affected collectors indicating the actual theft involves well over 1,000 cards worth potentially millions of dollars, significantly larger than the 382 serialized cards PSA initially disclosed
- The speaker believes PSA has not published the full extent of losses because the scope is severe, and may not even have all the facts about what was on the truck
- A major auction house representative told the speaker that PSA may now be targets for theft similar to the movie 'Fast and Furious,' prompting that auction house to arrange their own pickups from PSA going forward
- The speaker characterizes this incident as potentially the worst trading card theft in history, surpassing the previous Dallas theft
- The speaker argues that PSA should use this situation as an opportunity for positive PR by going above and beyond standard terms of service to compensate affected collectors and explore improved courier services like armored trucks
Topics
Transcript
[0:00] I'm on the go, but I wanted to provide some very important updates on this uh FedEx heist or FedEx theft with a truck full of PSA cards. I have been fielding a lot of information on this. I was on a flight with really crappy Wi-Fi, but I've got a lot of updates. So, as you know, uh 2 days ago, I posted a list of 382 serialized cards. I was provided that list by a major consigner. So what PSA did was they um they provide they gave that list to all the major auction [0:30] houses and big consigners so that people could be alerted to these cards being in the hobby. Okay, which I want…
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