Posted By:
botnis that PSA has designated high profile cards as Authentic if the card is a real card but had been trimmed or been subject to some other kind of alteration. I have only seen Levi Bleam selling these cards. Not sure if it was something that they were doing for Levi as a test market or if it was a favor.
I do not know of other collectors or dealers who have submitted cards for the Authentic designation that were otherwise not gradeable. I have also seen PSA use the Authentic designation for cards that were menat to be cut out, like Post and Bazooka issues, when the cards are cut too small.
From their website
The Grading of Hand Cut Cards
PSA will grade virtually any card that has been hand-cut off of a panel, box, etc. (Post Cereal, Hostess, Bazooka, Strip cards, etc.) keeping the following information in mind. This service does not include traditional sheet-cut cards. PSA will not grade cards cut from sheets that can be obtained in a normal fashion. For example, PSA will not grade a 1979 O-Pee-Chee Wayne Gretzky card cut from a sheet because that card was issued in non-sheet form. On the other hand,
PSA will grade a 1959 Bazooka or 1961 Post Cereal Mickey Mantle because those cards could only be obtained in one fashion - removed by hand from a box or panel.
In order for PSA to actually assign a grade to any of the cards that possess visible/defined borders on all four sides, evidence of that border must be present. If the cut exceeds the visible border for the card in question, PSA will encapsulate the card as "Authentic" only. If the card is severely undersized and suffers in overall eye-appeal, the graders may deem the card not suitable for authentication or reject the card as minimum sized altogether.
Keep in mind that, for cards that do not possess visible/defined borders, the cards must still fall within a certain size requirement for that particular issue in order to qualify for an actual grade. In other words, the borders must be virtually full in order for a grade to be rendered. Otherwise, as stated above, a label of "Authentic" will be assigned or, in some cases, the cards may fall short of the size requirement altogether. This is not an exact science, however, PSA will do its best to provide consistent guidelines for these types of cards.
PSA suggests that, in order to achieve the highest grades, the cuts of the cards should be relatively close to the visible borders without exceeding the limit. Cards that exhibit a clean, accurate and properly shaped cut have the best chance at achieving the highest grades. Eye-appeal is very important. When it comes to excess paper or cardboard around the edges of the visible borders, the graders will place significant importance on overall eye-appeal. Keep in mind that all cards of this type will be designated as "Hand-Cut" on the PSA label for accuracy. In addition, if the customer chooses, PSA will grade and encapsulate entire panels if those panels will fit in any of our current PSA holders. With the exception of the aforementioned items, normal grading criteria will apply.