I think this topic needs to be broken down a little bit:
First of all, the TPG must identify and prevent counterfeits. Cards that are not authentic because they are counterfeits do not appear to be making it into graded holders. That is very important.
Next, we have the Blowout phenomenon where previously-graded cards are obviously cracked out, altered, and re-graded at a higher grade. That has to stop. Once a card has been graded, it has to be impossible to surreptitiously crack, doctor, and re-submit. If the TPG's can't stop that, they are in trouble.
Beyond that, the TPG has to disclose and adhere to a set of procedures and criteria designed to mitigate the likelihood of "unacceptable presentation enhancement". I use that term because everybody seems to agree that some effort to improve the way the card presents is OK: soaking, flattening, maybe even a little scrubbing with soap and water. Everybody also seems to agree that adding color or paper is out as is using chemicals and trimming. (Now the shouting starts.) Trimming is a particular problem because it seems to be devilishly difficult to detect. Chemicals also, perhaps.
The procedures used by the TPG's need to be effective, but they also need to be economical. Enhancements to the presentation of a card that are undetectable through the diligent application of reasonable procedures to identify them, are going to get through. The market will eventually determine how this uncertainty affects prices.
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