I'll say 15-25% of properly graded cards, since in most cases these 5-9s would be valued as PSA 2-3 in Altered slabs.
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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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