Virtually every card we collect was at one time sheet cut...at the factory or manufacturer's place of business. I always thought the term sheet cut referred to cards cut off of sheets by hand when it was obvious they were done crudely, like in the 1948 Bowman sets, where it was not done to deceive but to liberate the card and make it into a single. For a very long time that was 100% acceptable by collectors because collecting cards was an innocent hobby and the value of the cards paled in comparison to what they sell for today.
Even if that description above is not what they hobby refers to as sheet cut, isn't any grading company who accepts and grades sheet cut cards with numerical grades actually just giving numerical grades to trimmed cards? How would a grading service know or be able to distinguish a card that Mr. Smith cut off a full sheet 70 years after the card was printed or a card that Mr. Smith bought in a 3 holder and trimmed to make it a 9?
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