I agree the 1.5 is a generous grade and the best a card with that kind of paper loss could get regardless of front condition. I recently graded 11 T210-7 I picked up very similarly damaged by scrapbooking. 9 got a SGC 10 and only 2 made SGC 20/1.5. Still a very nice Cobb. Great pickup.
Edited to add I guess I can no longer call myself a true collector after admitting to grading my cards
