The PSA Financial Guarantee of Grade & Authenticity (“Guarantee”) is fundamental to PSA's concept of third-party grading. Subject to the exceptions noted below, the Guarantee ensures the accuracy of the grade assigned to any PSA-graded card.
PSA guarantees that all cards submitted to it shall be graded in accordance with PSA grading standards and under the procedures of PSA.
If PSA, in fact, concludes that the card in question no longer merits the PSA grade assigned or fails PSA’s authenticity standards, PSA will either:
Buy the card from the submitter at the current market value if the card can no longer receive a numerical grade under PSA's standards or,
Refund the difference in value between the original PSA grade and the current PSA grade if the grade is lowered. In this case, the card will also be returned to the customer along with the refund for the difference in value.
The current market value is determined by PSA, based in part on Sports Market Report and SMR Online values and/or recent prices realized from the marketplace. PSA will be the sole determiner of the current market value.
Certain exceptions to the Guarantee apply, including, but not limited to, the following: the Guarantee does not apply to any card as to which a clerical error has been made with respect to the assigned grade or description; the Guarantee does not apply to any card that has been removed from the PSA holder or any card for which the PSA holder shows evidence of tampering; the Guarantee does not apply to any card that has been environmentally damaged due to improper storage or natural disasters, such as fire and flood; the Guarantee does not apply to cards exhibiting environmental deterioration subsequent to initial grading; the Guarantee applies only to the grade assigned to the card and does not apply to the authenticity of any autograph nor the grade assigned to any autograph; and the Guarantee does not apply to, and cannot be utilized by, the original submitter (or the original submitter’s agents, employees, affiliates or representatives) of the graded card.
ALL PERSONS HEREBY: (I) CONSENT TO PERSONAL JURISDICTION OF THE COURTS OF THE STATE OF CALIFORNIA WITH RESPECT TO ANY LEGAL ACTION TO ENFORCE THE TERMS AND CONDITIONS OF, OR OTHERWISE ARISING UNDER OR WITH RESPECT TO, THIS GUARANTEE; AND (II) AGREE THAT THE SUPERIOR COURT OF CALIFORNIA, COUNTY OF ORANGE, OR, IF APPLICABLE, FEDERAL DISTRICT COURT SITTING IN THE COUNTY OF ORANGE, STATE OF CALIFORNIA, SHALL BE THE SOLE AND EXCLUSIVE VENUE, AND THE STATE OF CALIFORNIA SHALL BE THE SOLE FORUM, FOR THE BRINGING OF SUCH ACTION; AND (III) AGREE THAT THIS AGREEMENT SHALL BE CONSTRUED AND INTERPRETED IN ACCORDANCE WITH AND SHALL BE GOVERNED AND ENFORCED IN ALL RESPECTS ACCORDING TO THE LAWS OF THE STATE OF CALIFORNIA. THE GUARANTEE DOES NOT APPLY TO ANY CLAIMS BROUGHT OUTSIDE OF THE COURTS OF ORANGE COUNTY, CALIFORNIA.
Click here for an important note about PSA Security: A Buyer's Guide.