All methods listed above seem to work well.
I find the easiest method is to take the case (PSA or SGC) into the garage (concrete floor), have my son hold it upright in the middle by the left and right sides, and then gently use a hammer and butter knife to split the case open from the top. Once you get the blade in, you can just apply a little leverage and it will usually snap right open (or at least enough to extract the card).
It also has the added benefit of keeping the holder intact in case you decide to sell the raw card down the line. You can include the holder when you sell as proof of its former grade...
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T206 Master Set:103/524
T206 HOFers: 22/76
T206 SLers: 11/48
T206 Back Run: 28/39
Desiderata
You are a child of the universe,
no less than the trees and the stars;
you have a right to be here.
And whether or not it is clear to you,
no doubt the universe is unfolding as it should.
With all its sham, drudgery, and broken dreams,
it is still a beautiful world.
Strive to be happy.
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