PSA Responds After More Than $100,000 Worth of Graded Trading Cards Stolen from FedEx Truck

A significant theft of approximately $100,000 worth of graded trading cards occurred when a FedEx truck transporting a collector's 104-card collection was reportedly burglarized on October 17. The collector, identified as SKY-B, notified PSA via email about the theft, stating that the value of the stolen cards exceeded $100,000.

In response, PSA took several steps to address the situation, including deactivating certificates for the affected items, notifying its commerce partners, and collaborating with FedEx and law enforcement to investigate the theft. The company also offered to compensate SKY-B for the items in his collection based on their fair market value, up to the Maximum Insured Value selected for each item.

SKY-B expressed his distress over the incident, noting that the stolen collection had taken him over two years to accumulate, including several irreplaceable cards. He revealed that he had spent $8,000 to have the cards graded and had a maximum insurance value of $156,000 for each card. However, he worried that PSA might undervalue his collection, leading to a potential financial loss.

The theft affected not only SKY-B but also other collectors and dealers, with some speculating that FedEx trucks have become targets for thieves. PSA has reiterated its efforts to aid law enforcement and the carrier in the ongoing investigation and has contacted affected customers to compensate them according to fair market value.