Almost $1M in rare trading cards stolen from FedEx truck in Santa Ana
A FedEx truck parked near the sprawling grading center of Professional Sports Authenticator (PSA) in Santa Ana was robbed a week ago of trading cards worth nearly $1 million, the Santa Ana Police Department said.
PSA reported to police that two stolen pallets of about 100 packages of cards apiece had an approximate value of $963,000. About 50 packages from a third pallet were also stolen, and their value was still being calculated as of Tuesday morning.
The cards had been sent from all over the country to PSA to be graded, a necessary step for collectors in authenticating their wares. Items included primarily sports cards and Pokémon cards, as well as one-of-one pieces. The cards had been graded and were set to be returned to their owners when they were stolen.
The FedEx driver left the vehicle, which was parked near PSA’s shipping and receiving address at 1610 E. St. Andrew Place, for an hour to 90 minutes, police said. The truck lock was busted and packages stolen while he was away.
“It remains an open case,” Santa Ana police spokesperson Natalie Garcia told NBC News, “and we have not made any arrests or recovered any stolen goods.”
PSA said it was taking measures to prevent the stolen cards from circulating through the usual venues and marketplaces while also reimbursing card owners for at least a portion of their losses. Trading cards and other collectibles are verified and assigned condition grades by PSA, which establishes their value and protects them by assigning serial numbers and certification information. PSA said it has deactivated the certificates tied to the stolen items.
“We have deactivated the certificates for the stolen items and notified marketplace partners so they can be on the lookout for rare and serialized items,” PSA said in a statement. “Our customer service team has contacted affected customers directly and is arranging compensation based on fair market value.”
PSA sent a letter to affected cards owners, detailing the steps taken to make the owners whole.
“After leaving our PSA facility in Southern California, a FedEx vehicle transporting PSA orders was burglarized, and items were stolen,” the letter read, continuing with a list of items titled “What we are doing.”
Among the items are deactivating the serial numbers on the affected items, notifying commerce partners across digital, auction and other selling platforms so they can look out for stolen items; aiding FedEx and law enforcement in their investigations; and studying what happened so a repeat can be avoided.
Nick Andrews, whose social media persona is the Boston Card Hunter, is keeping track of items reported stolen, a number that had exceeded 1,000 by Tuesday morning. He wrote on X that one victim had cards worth $500,000 stolen.
Card trader Sky-B said on a video that 104 of the cards he collected over the past two years are missing. They had been certified at PSA and were being returned to him in Michigan when he learned about the theft. He said he spent $8,000 on grading, and the cards carried insurance of up to $156,000, less than their market value.
“There were cards in that order that you can’t replace,” Sky-B said.
Longtime sports business reporter Darren Rovell, an avid trading card and memorabilia collector since childhood, said on social media that expensive collectibles are at risk any time they are shipped. Not only can shipping labels and declared insurance values reveal their potential contents, “the simple name PSA or Collectors in the address box is the threat,” Rovell wrote.
