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HankronCharlie, I agree with you. Even if he had it rejected by PSA or SGC, but the paperwork indicated it was only trimmed not fake, that would bring more money than if it's a PRO holder.
Though it often doesn't feel good, knowing when to cut(minimize and asap) your losses is part of good business. Holding onto a finacial mistake for year after year, under the feeling that as long as you don't sell it for a loss it isn't a loss, is ordinarilly a longterm financial mistake.