Actually it is relatively rare for a 60s Mantle. Last I checked there were 206 PSA graded PSA 8 or better. By comparison the 1961 Mantle All Star had 739. Yet the prices between those two cards are pretty close.
I think there are several things that factor in here: '62 Topps is not a popular set, the card itself is pretty plain and Mantle's '62 year was not as impressive as '61. Still based on the low population of the '62 All Star it seems to me to be underpriced.
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