I suggest it was a bad CUTTING job 110 years ago, and not a modern TRIM job.
I accidently angered an old collector about 15 years ago, when I had bought a few dozen T206s from him, and the Tinker portrait had a top reminiscent to that. I told him I thought it overpriced, because it was trimmed at the top, and he got a bit fired up about that. I think that Clarke card came out of a cigarette pack like that, ages ago.
I think the card left the printer's like that.
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