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Posted By: Robert Lifson

Dear Greg, You are correct that we submitted two N162 to SGC that were sent back as not graded due to their opinion that they were rebacked. It was our strong opinion that SGC was in error. We then sent the two cards to PSA. PSA did not agree with SGC’s assessment and were in agreement with ours. This is very different to us than a card grading X and being broken out of a holder and resubmitted in the hopes of grading Y. Either a card is rebacked or it isn’t. We did not think these two cards were rebacked and this is a material quality defining a card that is unrelated to condition per se. Similarly, for example, if SGC had returned a card as a reproduction and we did not agree with their assessment, we would present the returned unencapsulated card to PSA for their opinion. It is interesting to note also that this is the only time that we have ever had this issue, and also that this simply does not involve breaking cards out of holders. If you personally equate our approach to these two cards to the issues being discussed, you are of course entitled to your opinion and I respectfully disagree.

Sincerely,

Robert Lifson
President
Robert Edward Auctions LLC
www.RobertEdwardAuctions.com