There are several things to consider here for me:
1. Does the prospect of novice collectors getting ripped off bother the hobby enough to take a real stand on some sort of real grading by-laws or legislation which would probably raise prices and lead to its own unintended consequences
2. What does merit grading and where does a line get drawn
3. Who should decide the answers to 1 & 2
IMO The Cobb is less ridiculous than the Ryan, but both are bad
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