I'd bet there are quite a few people out there with elegantly framed bogus pieces that they show to all their guests.

It's to the point where it barely matters if the piece is legit or not. If one can acquire 'paperwork' on it, then it is what is says. I've seen people on this board discuss how to display their COA. Why would you display a piece of paper? Because that's what gives it value.

You see it all the time. Jersey purchased thru one venue, is immediately sold at another for substantially more money...because it now has a letter.