Depends on your purpose:
Are you talking about 1) expected sale price, 2) set registry value, 3) interest in the community?
An authentic card could be skinned (back removed), or damaged beyond comprehension, while an Altered card could have some recoloring/pressing or trimming and look NM-MT. If that's the case, the NM-MT looking ALTERED cards will likely sell around the price of an SGC 3.
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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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