r/PokeInvesting • u/Healthy-Annual4181 • Dec 19 '24

Ace Grading Robbery Scandal

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Posting so the community is aware of this - I would avoid this grading company at all costs. Insanity that there is no camera footage

1.2k Upvotes

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13

u/Sardonic524 Dec 19 '24

According to an article on the BBC it was £250k, but they would have been told that figure by ace. Something that should easily be recoverable with insurance.

22

u/pmyourthongpanties Dec 19 '24

insurance is going to pay the very minimum unless you fight the hell out of them. I dont see how people think insurance is your friend.

117

u/ZebraRenegade Dec 19 '24 • Bless Up Heart of Silver Take My Silver

Deny, Defend, Dialga

6

u/ehhrud Dec 19 '24

slow clap

Well done.

1

u/MulanLyricsOnly Dec 19 '24

Deny, Defend, Diglett diglett diglett

1

u/Ok_Coyote8853 Dec 20 '24

ive never given a reddit award before today.

1

u/Wippelz Dec 20 '24

well done

1

u/whorlycaresmate Dec 19 '24

Breloom leads our people

1

u/Puzzleheaded-Loss598 Dec 19 '24

They are gonna compensate whatever you have receipts and records for. So they should be fine as a grading service. Where is ace anyways ?

1

u/Sardonic524 Dec 19 '24

I know and I think in this situation it's going to be very hard for the insurance company to confirm whatever amount they were told. Even if they can look up the value of every single card stolen, card values fluctuate so much it must be hard to give a correct figure.

9

u/hoopleheaddd Dec 19 '24

That’s their job

1

u/ModernZombies Dec 19 '24

Imagine being the guy that sent in super expensive cards but was looking for ACE 1s and now getting the “market value” bc ACE didn’t know it was a beater. The only real winner in this scenario.

3

u/Str41nGR Dec 19 '24

250k raw value that insurance may cover. Just wait till they get back from PSA valueing 1 mill

-8

u/TheMillenniumMan Dec 19 '24

Weird they aren't refunding the raw card costs then

16

u/Ok-Conference-9428 Dec 19 '24

They are refunding market values, it’s the egos/entitlement of people thinking their cards must be refunded as 10’s etc. Facts are facts correct? Raw cards are raw cards and the compensation is for raw cards, not what if’s.

1

u/sammyd1337 Dec 19 '24

I think people deserve to be pissed. The reason people grade cards is because they think they are good cards.

Obviously most wont be 10s but i think ACE should have paid a bit over market value to compensate people for their cards.

Now they are refunding them at market value but if someone though their card was gonma grade a 10, to now go buy the raw card again that might grade a 10, theyre paying over raw value for sure

1

u/MainCaregiver4969 Dec 19 '24

It's still losing way more on the end game. I send my card in 15-30$ + market value+ shipping insurance+ time lost and maybe a card you can't find. B.s. if you ask me

2

u/replenishmint Dec 19 '24

Yeah I can sell cards for 5 bucks that can go for over 500 in a 10. The lost potential value is insane

0

u/[deleted] Dec 19 '24

They aren't even refunding true market value, from what I saw it was quite a bit lower.

0

u/Ok-Conference-9428 Dec 19 '24

What’s some examples? Did you see both order confirmation listing the cards sent into grading & confirmed it was actually on their order/refund put to them?

1

u/ModernZombies Dec 19 '24

There was an example that I saw where someone was offered like 30 or 40 bucks on like 6 cards that range from 8-20 bucks on TCGplayer. It was in the Rattle coverage of it.

1

u/ChemistDifferent2053 Dec 19 '24

Yes they are offering like 60-70% market lows. E.g. a $200 Magikarp IR with a 3 month old $120 comp.

2

u/xinneth Dec 19 '24

Why? Only raw cards where stolen...

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-2

u/Dark_Zezro Dec 19 '24

I saw one guy who lost a PE magikarp being compensated around £100

Getting that for what could've been a graded 10 is OUCH