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PSA FedEx card heist

True crime · Heat 4.1 / 10 · 2 shows · 18m airtime

On October 13, thieves broke into an unattended FedEx truck outside PSA's Santa Ana headquarters and took three pallets of graded cards, about 250 packages. PSA has deactivated the certification numbers of the stolen cards. The $963,000 figure attached to the first two pallets is an estimate that could rise and may reflect owners' insured values. The discussion now turns on the $1,500 cap FedEx places on collectible shipping insurance, far below the value of most graded cards, and on whether PSA or FedEx should bear the loss and why a Brinks-style carrier was not used.

How 2 podcasts covered it

  1. TBPN, 2026-10-20 (0:43 to 9:37)
    Walks through the FedEx truck theft outside PSA
    Walks through the October 13 FedEx truck theft outside PSA's Santa Ana headquarters: package counts, the roughly $963,000 estimate for two pallets, PSA's deactivation of certification numbers, and the insurance cap. The debate is whether PSA or FedEx eats the loss.
    New angle: Three pallets totaling 250 packages of graded cards were taken from an unattended FedEx truck outside PSA's Santa Ana headquarters.
  2. TBPN, 2026-10-21 (0:04 to 4:55)
    Reports the theft and the deactivated card numbers
    Opens on the October 13 theft outside PSA's Santa Ana grading center: the driver's 60 to 90 minute absence, three pallets and 250 packages, roughly $963,000 in the first two, and PSA deactivating the stolen certification numbers. The argument is over who pays and why Brinks was not used.
    New angle: PSA deactivated the certification numbers of the stolen graded cards.
  3. The Indicator from Planet Money, 2026-10-23 (4:50 to 6:45)
    Questions the $963,000 estimate and insured values
    Reports the theft as the week's indicator: the truck sat outside PSA with just-graded cards bound for customers, and the driver left it unattended. Notes the $963,000 figure is an estimate that may reflect insured values, and that PSA will compensate customers.
    New angle: The $963,000 figure is an estimate that could rise and may reflect owners' insured values.
  4. TBPN, 2026-10-30 (35:16 to 37:41)
    Breaks down FedEx's $1,500 insurance cap
    Picks up the PSA heist as a shipping and insurance story: FedEx caps collectible coverage at $1,500, so collectors either under-declare value or fly their cards in themselves. The watch world's fly-to-the-dealer routine is offered as the working model.
    New angle: FedEx caps collectible shipping insurance at $1,500, far below the value of most graded cards.
Unpacking...