Go to any sports card grading reveal, and you’re bound to see comments declaring that “grading is a scam!” Reply to those comments and ask them to explain the scam, though, and you’re likely to be left on read, as the kids say.

From what I’ve gathered, though, the argument that grading is a scam consists of the following:

  • It’s expensive

  • The grading companies make a lot of money

  • The grading companies make a lot of mistakes

  • The grading companies often are not as transparent as we would like

  • Not every card is profitable to grade

  • Some grading companies have been outed as scams and have since folded

  • Major grading companies do things that seem shady

All of these things are true! But does that make it a scam?

The dictionary definition of “scam” is: “a dishonest scheme; a fraud.”

I ask again: where is the dishonest scheme? Where is the fraud? All of the bulleted items above can be true and it can also be true that grading isn’t a scam.

People are submitting millions of cards to the grading companies every month, and many cards become far more valuable after being graded. Do all of them? No, of course not. People often make poor choices — or just knowingly risky choices — when sending certain cards in. Is it a scam if everyone who wants to participate in it benefits from it?

A lot of people grade their cards to protect them or display them in a more appealing manner, and they’re happy with the results. Is that a scam?

Should people be more judicious in the cards they send in for grading? Maybe! But that’s their decision. If they know the risk that the card may be worth less graded than raw, then so be it.

PSA has certainly done some things that make me scratch my head. Being paid to attend a private signing for immediate grading? Sure. But as far as I’m aware, there’s no evidence that they have done anything that indicates “scam.”

Additionally, why would you go on someone’s video and trash their decision to grade their cards? If you don’t agree with their decision, just keep your don’t need to point it out. I thought HGA’s slabs were ridiculous, but a lot of people liked them. I wasn’t commenting on HGA reveals telling those collectors they were ridiculous. Let people be happy.

(It should be noted that the comments in the collage above were not all on grading reveals. Some were just on videos about grading.)

Do you think grading is a scam?

Is grading a scam?

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The YouTube Algorithm Gets Me

I watch three things on YouTube, and three things only: sports videos, sports card videos, and comedy clips. So when the YouTube feeds me something outside of that zone, it’s unusual. This weekend, it was a video gaming channel called Retro Rick, who has 279,000 subscribers. I had never heard of Retro Rick, but I loved the content immediately.

Vintage video game content is actually quite similar to vintage sports card content, which I am declaring after watching one video and scrolling through Rick’s last five or six thumbnails. He goes to a game show and buys vintage games, he buys a vintage game collection, he goes to a retro gaming store, and he does a game room tour.

Sound familiar?

Anyway, I subscribed. YouTube gets me.

News for humans, by humans.

  • Today's news.

  • Edited to be unbiased as humanly possible.

  • Every morning, we triple-check headlines, stories, and sources for bias.

  • All by hand with no algorithms.

YouTube Mistake Of The Week

1 of many comments correcting me

In Friday’s video about the PSA 9 Stahl-Meyer Mickey Mantle, I listed the three New York-based baseball teams from the 1950s: the Yankees, the Dodgers, and the Mets.

record scratch

… the Mets?

I created a clean edit for it:

Yeah, I didn’t even catch it during edit. Just a dumb mistake that I shouldn’t make but that makes me laugh now. The perils of not being scripted.

Brief Horror Movie Reviews of the Week

My wife and kids were gone for the weekend, leaving me home to eat junk food and watch horror movies all weekend.

First up was Haunt, a delightful haunted house slasher film. It felt like the thrills would never end. At one point I felt like the end had to be near, so I paused it to see and I was only 38 minutes into it.

Amazing haunted house imagery and ideas. It felt real.

The downside was not knowing who the bad guys were or what their motives were. The filmmakers say that was intentional, but I would’ve preferred knowing more. They were really interesting, and a little backstory could’ve gone a long way.

Up next was Terrifier. A bunch of people have recommended Terrifier 2 to me, so I decided to start with the first.

Similar to Haunt, this one seemed to have death and blood for days. Extremely gruesome, which explains its lack of a rating.

The bad guy was, actually, terrifying. And he never utters a sound throughout the movie. Nightmare fuel, through and through. My friend Oliver, who is terrified of clowns, somehow got through this.

And then Terrifier 2 took the gore from the first movie and decided to do what Fanatics wants to do with the hobby: they 10x’d it. Whew, the second movie was gruesome. It is not for the faint of heart.

I watched it while eating pizza and ice cream and enjoyed it quite thoroughly.

There’s actually a fair amount of humor, with the faces Art the Clown makes. I’m looking forward to the third installment in the franchise, out in October.

Upcoming Videos

I’m really struggling with this section lately. I’m not going to promise anything for now.

Channel Highlights From the Past Week

This video about a subscriber’s Jesse Owens collection is criminally under-watched. It’s only five minutes long!

This video about an auction house selling a likely-fake 1952 Topps Mickey Mantle was quite popular:

My Pickup Of The Week

The only pickup this week was new binder pages so I can start my 1993 Finest binder:

Giveaway Winner #2!

The next giveaway winner is [email protected]! Please reply back with your mailing address and which card from the below you would like (excluding the Bo Jackson, which was taken):

Links:

Mike Sommer writes for Hobby News Daily about how great it is to pare down your subscriptions. Hopefully not excluding me.

Lately all the rage in trading cards is how a company is providing CT scanning of boxes and packs. And I mean rage. Nintendo Life gives some ways for companies like Fanatics to prevent this from happening in the future. I’m not sure about the technology, so I present it without comment.

AOL, which somehow still exists, posted an article about how Derek Jeter still hates his first baseball card. In the article, they make a strange decision to not show the card. So I will post the one I believe he means, based on him saying he’s in his high school uniform and he didn’t like the photo. There are a few cards to choose from, but I’m going with this one:

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Timothy Little2 years ago

Grading cards is a paid service. No guarantee that it will increase value of your card. The most helpful part to me is authentication . I don't like the upcharge because of the value of a card. Seems shady to me. I also thought you might cover Trout pulling his own card out of a pack. The odds are astronomical that he'd pull his own autographed card.

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Mike Junk Wax HeroAuthor2 years ago

Yeah maybe he’s ripped a ton of them? I watched and his kid was adorable.

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Arctic Cobra Cards 2 years ago

I don't know if it's a scam, but most grading companies hire Labor temps to grade cards. Most of these people have no interest in cards to start with, it's just a minimum wage job for them. Also if they are grading a million cards a month how long does each card actually get examined, and there's a huge lack of constancy because of this. A lot of people have resubmitted the same card multiple time just get a different grade each time. I never send cards in to get graded, but I will definitely buy them when a PSA 9 sells for less than a raw card, or if the raw card is $5 and a PSA. 9 is $8 dollars why not buy the slab, it display nicely. But I would never pay over $20 to have some random dude give me there option on my card.

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Mike Junk Wax HeroAuthor2 years ago

These are all valid points! But also not a scam.

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Elijah Lindbo2 years ago

Thanks for these news letters. Very informative and entertaining. If you’re ever looking for a great dad joke to throw in the news letter here’s my favorite: How do you make a tissue dance? Put a little boogie in it! Hahaha Take care and Stay Awesome!

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Mike Junk Wax HeroAuthor2 years ago

lol thanks Elijah!

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Warren Dolata2 years ago

Thanks Mike! I enjoyed this week's newsletter

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Mike Junk Wax HeroAuthor2 years ago

Thanks Warren!

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Evan MasterShake3002 years ago

Haha! I thought Jeter was talking about that card! I remember getting the good old Front Row catalog in the mail as a kid and bugging my dad to get me some stuff from it. I actually got the signed version of this! It was probably the greatest investment of my childhood. I just got it graded a year ago or so after having it sitting in a screw down for over 20 years. It got an 8 :(, but not bad considering. I'll never sell it so i guess it doesn't really matter.

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Evan MasterShake3002 years ago

OH yeah, I just came across Retro Rick as well! But it kind of makes more sense for me since a coworker gifted me a couple of old Arcade 1up cabinets. Now i'm looking to upgrade them and turn them into 1,000 plus game cabinets! It's gonna be a fun project! I loved going to arcades back in the day, now i can pass that on to my son with some an arcade of our own!

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Mike Junk Wax HeroAuthor2 years ago

That’s awesome! I want an arcade cabinet at some point too.

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MJ FAMILY TIME CARDS2 years ago

Grading is not a scam. It can be costly if your not careful in submissions but we recently just submitted some cards and some i know wont grade 10 but will be protected going forward. My biggest thing about grading is why such a large disparity in value from 9 to 10. For majority of card and im not talking the most expensive but 9s are much cheaper and to the eye pretty much look the same but value wise normally a nice difference in price.

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Mike Junk Wax HeroAuthor2 years ago

People love their 10s!

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Jeff Hart2 years ago

What's your Letterboxed user name, if you don't mind sharing? I haven't had a chance to check out Terrifier 2 but if it has scenes that top "saw scene" in the first one, I can't even conceive if what that might entail.

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Mike Junk Wax HeroAuthor2 years ago

I definitely think it tops Saw in terms of gore!

I don’t do anything worth following on Letterboxed. I leave everything private and just rate things so I remember what I thought.

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Neal Mundt2 years ago

It IS a scam and I know at least one of my cards that was sent in for grading was swapped out for another that was substituted for my card & then sent back to me as “ ALTERED “…..what a joke ! I went back-n-forth with the grading company’s pres., stating altering/cutting/trimming a card was something I would NEVER do as I’ve been collecting since the ‘60’s…..it was my first grading experience & REALLY turned me off to it…..he stated “ …..I trust my graders & whatever they say about a card I’ll stand behind….. “. Well, I won’t be sending in any more…..hope someone really legally busts them up for good. You’re at their total control unless you could have the grading done firsthand — right before your eyes ! Play it safe — don’t let your cards out of your sight ! Grading — you really don’t need it ! N

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Mike Junk Wax HeroAuthor2 years ago

I’m sorry this happened to you. Is it possible that it was trimmed before it entered your collection?

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Neal Mundt2 years ago

No — it couldn’t have. It never left my collection…..as I told the prez of the grading company I’ve been collecting since I was a kid in the ‘60’s & ALL my cards went carefully, initially, into 9-pocket pages into binders or boxes with dividers in them…..pretty much like the storage boxes of today. Then many of them into sleeves & top-loaders where they are today…..I was truly shocked of being accused of trimming but I understand that IS what some might be doing today to obtain a better grade. Not me…..never could do it ! Haven’t they ever seen miscuts from the factory and they come that way right out of the pack ?! ( I have a dandy example of that in a ‘63 Banks…..). I stand by my feelings about grading in general — it was created as a way to make big, big bucks for the grading companies & it is a way to solidify the nature/condition/relative worth of many cards…..but it isn’t for everybody. N

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Neal Mundt2 years ago

No — it couldn’t have. It never left my collection…..as I told the prez of the grading company I’ve been collecting since I was a kid in the ‘60’s & ALL my cards went carefully, initially, into 9-pocket pages into binders or boxes with dividers in them…..pretty much like the storage boxes of today. Then many of them into sleeves & top-loaders where they are today…..I was truly shocked of being accused of trimming but I understand that IS what some might be doing today to obtain a better grade. Not me…..never could do it ! Haven’t they ever seen miscuts from the factory and they come that way right out of the pack ?! ( I have a dandy example of that in a ‘63 Banks…..). I stand by my feelings about grading in general — it was created as a way to make big, big bucks for the grading companies & it is a way to solidify the nature/condition/relative worth of many cards…..but it isn’t for everybody. N

Avatar

Neal Mundt2 years ago

No — it couldn’t have. It never left my collection…..as I told the prez of the grading company I’ve been collecting since I was a kid in the ‘60’s & ALL my cards went carefully, initially, into 9-pocket pages into binders or boxes with dividers in them…..pretty much like the storage boxes of today. Then many of them into sleeves & top-loaders where they are today…..I was truly shocked of being accused of trimming but I understand that IS what some might be doing today to obtain a better grade. Not me…..never could do it ! Haven’t they ever seen miscuts from the factory and they come that way right out of the pack ?! ( I have a dandy example of that in a ‘63 Banks…..). I stand by my feelings about grading in general — it was created as a way to make big, big bucks for the grading companies & it is a way to solidify the nature/condition/relative worth of many cards…..but it isn’t for everybody. N

Avatar

Neal Mundt2 years ago

No — it couldn’t have. It never left my collection…..as I told the prez of the grading company I’ve been collecting since I was a kid in the ‘60’s & ALL my cards went carefully, initially, into 9-pocket pages into binders or boxes with dividers in them…..pretty much like the storage boxes of today. Then many of them into sleeves & top-loaders where they are today…..I was truly shocked of being accused of trimming but I understand that IS what some might be doing today to obtain a better grade. Not me…..never could do it ! Haven’t they ever seen miscuts from the factory and they come that way right out of the pack ?! ( I have a dandy example of that in a ‘63 Banks…..). I stand by my feelings about grading in general — it was created as a way to make big, big bucks for the grading companies & it is a way to solidify the nature/condition/relative worth of many cards…..but it isn’t for everybody. N

Avatar

Neal Mundt2 years ago

No — it couldn’t have. It never left my collection…..as I told the prez of the grading company I’ve been collecting since I was a kid in the ‘60’s & ALL my cards went carefully, initially, into 9-pocket pages into binders or boxes with dividers in them…..pretty much like the storage boxes of today. Then many of them into sleeves & top-loaders where they are today…..I was truly shocked of being accused of trimming but I understand that IS what some might be doing today to obtain a better grade. Not me…..never could do it ! Haven’t they ever seen miscuts from the factory and they come that way right out of the pack ?! ( I have a dandy example of that in a ‘63 Banks…..). I stand by my feelings about grading in general — it was created as a way to make big, big bucks for the grading companies & it is a way to solidify the nature/condition/relative worth of many cards…..but it isn’t for everybody. N

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Ron Kastner 2 years ago

What did you think of Mikes video showing what PSA rejected and SGC graded? A real eye opener. Someone needs to be exposed especially on the altered ones. I won’t call grading a scam however it makes you wonder about the product we’re paying good money for?

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Mike Junk Wax HeroAuthor2 years ago

Yeah those are really interesting! Sloppy? Maybe! Inconsistent? For sure! Not a scam though.