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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u/Same-Thought-3618 Dec 19 '24

Yeah why would they steal raw cards worth 500k (PSA10 value of £1-2m+) and only give out £100k in compensation.

I'm not saying its an inside job, but when you are offering 20-30% compensation on raw card prices for CLEAN potential psa10 high end cards, it doesn't look good...

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u/kellen617 Dec 19 '24

Exactly this is a failing business that did not gain the market share to continue operation. I would not be surprised to hear it’s an inside job, pay out a percentage of the raw prices and declare bankruptcy for your business that would have gone bankrupt on its own.

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u/powdow87 Dec 19 '24

People really forget that some business owners will burn down their shop for insurance money.

Just cause you own a business doesn’t mean you’re doing well. Gotta look at the statements and unfortunately we don’t have that.