[Snowman]

I think the main thing some of you lawyers are missing here is that your conclusions assume that your viewpoint must be shared by everyone in order to be correct.

But it is completely valid for someone to hold the opinion that cleaning a baseball card or soaking one in water is not an alteration and that there is no need to disclose something like that because there is in fact nothing to disclose. It has no material effect on the value of the cards and the buyers are not out any money. Thus there is no fraud and nobody has been defrauded.

Here's a strawman that highlights how absurd some of your positions are. There is a cohort of collectors in this hobby who are under the delusion that the majority of cards which have at some point been sold through PWCC are likely altered. This is of course utter nonsense. If you follow Peter's et al logic, then I would have an obligation to disclose that a card I'm selling was once sold by PWCC in order to avoid being guilty of fraud because if the buyer knew it's history and were "informed" of this cohort's viewpoint, then the card's value would surely be impacted. *facepalm*