PSA makes the assumption for you, that when you submit, you'd rather have the cards back raw than with "AUTHENTIC ALTERED" on the flip. So if you want this card slabbed anyways, you have to write "SLAB IF AUTHENTIC" in the comment line of your submission. Then they will grade it AUTH ALTERED and put it in a holder.
But yes, the erased mark could be the reason for the Altered stock, plus the other things mentioned. Many a card has been ruined by screwdowns that people originally thought was good protection for them. BGS will probably grade that card with a number, and SGC may as well. If you want it slabbed by PSA, send it back in with the directions "SLAB IF AUTHENTIC" in the comments.
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PWCC: The Fish Stinks From the Head
PSA: Regularly Get Cheated
BGS: Can't detect trimming on modern
SGC: Closed auto authentication business
JSA: Approved same T206 Autos before SGC
Oh, what a difference a year makes.
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