PSA graded sheet cut cards in the 90s, so the PSA 8 grade for the Gretzky Wagner was legitimate at the time. PSA doesn't recall cards and regrade them by today's standards.
I don't understand why people are so bothered by the grade. I bet if they had a over graded card in an old holder, they wouldn't send it to PSA to get it reholdered with a lower grade.
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