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Aaron M.I think what hurt the Jackson bat was that it was re-finished as well as having the decal restored. I'm with Mark on this -- ideally you get an original bat that hasn't been touched even if it's not in as nice condition as a restored version.
Mark, it's like that Tigers doorstop -- you can get one that has been nicely repainted, but I much prefer having one that is original, even if its paint is chipped a bit. (And certainly I think the unrestored version is worth 3 or 4 times as much.)