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In Episode 252, the conversation turns to a growing pattern in the hobby: collectors and capital circling grading companies, regrading cycles repeating themselves, and whether we’re learning anything from the past.

Russell and Adam unpack what it really means when collectors become stakeholders, how BGS and PSA fit into the current regrading narrative, and why trust, transparency, and incentives keep coming back into question.

The episode digs into:
 • collectors influencing the ecosystem they rely on
 • why regrading never seems to slow down
 • BGS vs PSA positioning in the current market
 • whether the hobby is stuck in a feedback loop
 • and what this all means for everyday collectors

A grounded discussion about power, perception, and whether the hobby can regulate itself.

🎧 Listen on Spotify:
 https://open.spotify.com/show/70w10XxmGviovd5T0LUFFc

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