PSA Capital Markets

The desk reads the newest listings on Collector Crypt every minute and prices each one against its own fair value. This page shows what it just read, in the order of how far under fair value the ask is.

A lot the desk will not take still appears, with the reason in its own column. The desk refusing a lot is as much of a fact as the desk buying one.

Fair value is the median of up to three numbers for the same card, grader and grade: the marketplace's insurance appraisal, the desk's own sale journal, and an outside price guide. Two of them have to exist and they may not differ by more than 35%.

Before the desk has watched the board for a month it has only the appraisal, so most lots here read ONE SOURCE: a real listing, a real appraisal, and not enough agreement yet to call it a price. The discount column then measures the ask against the appraisal alone and says so.