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Judge DredOne reason I bring up the PSA "Authentic" grade is because I've seen a few 19th century cards that were encapsulated this way. I believe one was an N300 (I don't recall the player). Typically PSA or SGC would not grade a card like this if it were altered. I've also recently seen the rejection slips that say NO HOLDER from PSA. I'm used to seeing SGC and PSA provide a reason for rejection rather than just a "No Holder" explanation. I'm just curious, that's all.