Kevin - I'm assuming this is the one you're talking about
:
http://www.ebay.com/itm/T206-Ed-Cico...-/370808613243
I agree, it's not NM. The top and bottom borders are wavy and chunky. Makes you wonder if he thinks it's NM, why not grade it? Little surprised this seller, given how many cards he sells, would list this as NM and with a $1100 price tag.