Buyer Beware: Not All Graded Cards Are Covered by eBay Authenticity Program

About four months ago, I wrote a story for Hobby News Daily about a scammer using fake GAI (Global Authentication Inc.) slabs to sell cards. GAI was a reputable company that operated from about 2002 - 2009. It was once considered a serious competitor to PSA.
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The short version of a long story: A seasoned collector paid $25,000 on eBay for a rare T206 Ty Cobb card in a fake GAI slab. After inspecting the card online, he was confident the Cobb was authentic and assumed the eBay Authenticity Program protected him if it wasn't. The card was genuine, even though the slab came apart when he took it out of its package.
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EBay's program protects buyers from scammers by reviewing the authenticity of single raw or graded cards sold for more than $250. The collector figured that since he bought a card for $25,000, it would trigger the $250 threshold to trigger a review.
Some "sellers" bypass the eBay Authenticity program by selling cards not graded by the Big Four: PSA, SGC, CGC, and Beckett. EBay will not inspect cards that are not in those slabs. Smaller grading companies with a loyal customer base have several slabs in the marketplace, including HGA and GMA.
However, GAI went out of business in 2009. While many cards in legit GAI holders are being sold, scammers have caught on that they can use a dead company's likeness to peddle cards in fake slabs.
Still no action from ebay/psa (continue to allow the counterfeits to be sold) or buyers (unaware and provide positive feedback),
— auburn35 (@35auburn) November 15, 2024
but the seller has adjusted, and updated their fake slabs/labels.https://t.co/7kDpxpOtxn pic.twitter.com/jV6CRPVr2i
So, what happened after my story was published? The scammer was tipped off and changed the look on his slabs to make them less obvious fakes. But something encouraging finally happened: buyers are noticing the slabs are fake and posting them in their eBay reviews.
It took way too long, but at least one buyer has noticed the items are bogus. 👍
— auburn35 (@35auburn) December 31, 2024
As eBay/PSA continue to allow the fakes to sold, maybe this feedback will help other consumers. pic.twitter.com/64t0KBGorm
Cards Sold in Lots
Another tactic scammers are using is selling counterfeit cards in Lots. If a listing contains the term "Lot," the cards will not be inspected, even if they are sold for more than $250. Remember, eBay states that it will only review single cards sold for over $250.
It doesn't mean every listing with "Lot" in the description is fraudulent. Still, buyers should do their due diligence with listings for more than $250 and containing multiple cards. Higher-value cards worth hundreds of dollars are typically sold individually rather than in a group with other cards.
Someone got suckered into paying $50K for a fake card. Real one is BGS 9.5 sold for $184K in ‘18. eBay authenticity does not apply to int’l sales/purchases (excl. Can/Aus). If you buy a fake & 3 days lapse, you’re out of luck. If something is too good to be true… @CardPurchaser pic.twitter.com/TGNSKzO7Mk
— H.B. (@GMC_Capital) October 21, 2024
What Should I Do?
It's a cliche by now, but as a buyer, do your research and conduct due diligence. Read the fine print on eBay's policies, research the seller, ask the seller questions, and ask a fellow collector their opinion. There's a lot you can do.
The eBay Authenticity Program is far from perfect. A Google search will yield several people dissatisfied with their experience. It's not a knock on eBay; every company drops the ball from time to time. But as a buyer, take comfort in knowing you can take steps to protect yourself. Being aware of policies is half the battle.
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Horacio is an avid sports card collector and writes about trending card auctions and news across several major hobby sites, including Sports Collectors Daily and Collectibles on SI.
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