To me it feels like a little of both. Pete recently sold a huge group of Polar Bears and he knows with virtual certainty that this card is not altered. But, just looking at it, it looks trimmed along the bottom. It probably isn't but most people that see it are going to notice that weird bottom edge.
I have a few cards that are either in SGC A holders or I don't bother sending them in because I know they will get an "A" that I feel are not trimmed or altered.
It's a tough spot for the graders. This thread gets started because they went the safe route and called it trimmed or short. But if they had put that card in a "4" holder, someone might have started a thread questioning whether they gave a numeric grade to a trimmed card.
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