If I'm buying, then 'yep', it's graded correctly. If I'm the seller, it's undergraded.
This looks like one of those cards that need to be looked at with a loop to justify the grade.
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Working Sets:
Baseball-
T206 SLers - Virginia League (-1)
1952 Topps - low numbers (-1)
1953 Topps (-91)
1954 Bowman (-3)
1964 Topps Giants auto'd (-2)
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