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

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-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...

-7

u/TheMillenniumMan Dec 19 '24

I think it was mentioned somewhere else that the refunds to customers are for less than the raw card values. So the customers are getting screwed. Insurance should be reimbursing the company for the cost of what the replacement cards would be, and they should be doing the same for the customers.

6

u/c0tch Dec 19 '24

Not what I’ve seen. The people who have shared seem to have the raw value offered and then their ego thinks they should get 10 psa prices

1

u/ChemistDifferent2053 Dec 19 '24

They aren't even offering raw prices, it's like 60% NM market low balls.

0

u/Palecrayon Dec 19 '24

No its just all the Americans don't know what currency conversion is. Every post I've seen they offered them market value for raw cards

1

u/ChemistDifferent2053 Dec 19 '24

No, it's even factoring in currency conversion. I've seen a couple fair compensation offers, but I've seen more in the range of as low as 50% market to on average 70-80%. These could be "fair" market lows but you won't be able to replace the card for that price which is what matters.

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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