Yes David, any one hundred year old baseball card with pure white borders gives me pause. They are generally made with cheap paper, and paper tones over time.
But I want to get back to the idea of processing information. If I am thinking of buying a card in PSA 10, I really have to consider that the card may have been bumped from a 9 holder, or it may have had a slight alteration. I just don't know. As such, while I might deem it to still be worth a premium over a 9, and cannot see any way it could reasonably worth ten times that. Ask the fellow who just purchased the 52B Musial in a PSA 10 how he is feeling right now. Again, I don't think the information that is out there is being calculated into purchases.
I understand the idea that people who pay a lot of money to get a 10 are willing to do so because they want to own the best. But in so many instances they are not getting a 10. And nobody likes to feel he was ripped off. Again, I know some disagree but I find all of this unfathomable. I guess to each his own.
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