In our previous episode, we discussed some of the drawbacks that might be associated with relying on a Quick Opinion from PSA/DNA. The author of a previous discussion was confused about the possible authenticity of a Paul McCartney autograph with inscription when PSA QO returned "Likely Not Genuine", but Roger Epperson said it was authentic.
The consensus said to go with Roger's opinion and not PSA QO. Many people had less than flattering things to say about PSA's QO service. One member (me)even called it worthless, while noting that PSA's full service, on the other hand, had many merits to it. I also wondered how many legitimate sellers had lost potential sales of authentic items because of PSA QO. And I also noted that PSA QO also often shied buyers away from good items.
So here is one of the best (or worst) examples of how PSA QO can really ruin things for a buyer who is looking for a good deal on an authentic John Lennon autograph.
Some time not too long ago, a friend of mine won an auction (can't remember if it was on eBay or in an auction house) for a Beatles Fan Club letter that was signed on the reverse by John and Yoko. He won it for about $1200. The autographs were in good condition. However, the signatures had not been authenticated. So my friend paid for a PSA QO, and it came back, as so often it does, "Likely Not Genuine". So that scared him off, and he used that excuse to back out of the deal.
Well, the next thing he knows is that that same John and Yoko item is now on sale on eBay by PressPass collectibles for $3299, and it comes with a full LOA from PSA/DNA!
A piece he could have bought for $1200 is now being offered, fully-authenticated, for over $2000 more, by the same company whose Quick Opinion service rejected it! Yes, PSA's QO really screwed my friend. Here's a link to the current sale: