Over $963,000 worth of graded Pokémon and sports cards were stolen from Fedex
Over $963,000 worth of graded Pokémon and sports cards were stolen from a FedEx truck outside Professional Sports Authenticator (PSA) headquarters in Santa Ana, California. PSA, a major grading company, reported the theft of over 200 packages and is working with law enforcement and FedEx, deactivating unique certification numbers for identified stolen cards. Collectors Holdings, PSA's parent company, is arranging compensation for affected customers based on insured values.
Why it matters
This incident highlights the significant value and security risks associated with the booming collectible card market, impacting both collectors and the companies involved in grading and shipping these high-value items. It also raises concerns about the potential for resale of stolen goods in online marketplaces.
Last week over 200 packages of graded trading cards being shipped back to their owners were stolen from a Fedex truck parked outside the headquarters of Professional Sports Authenticator (PSA) in Santa Ana, California, according to a report by The Athletic. PSA is one of the largest third-party sports and hobby card grading companies in the world and it reported to the Santa Ana Police Department that the majority of the stolen packages had an approximate value of over $963,000, but that amount could further increase as PSA continues the process of confirming exactly which cards included in the shipment were taken.
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