Before TPGs, I don’t think there were huge price differentials based on condition. When getting that perfect grade becomes like winning the lottery, its not surprising criminals take notice. What if there had only been 4 grades, say Auth, low, medium, and high. The cards graded "high" wouldn’t be quite so rare (imagine if 7s,8s,9s, and 10s were all in the same bucket today) theoretically reducing upward price pressure. There would still be fraud, but the scale may be less.
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