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davidcyclebackI collect 20th century photographs where condition is not as much an issue. Obviously a gouge or crease in the image is significant, but the difference between Ex and Near Mint on a 1930 photo has little to no effect on value. Yet, most photos I buy are either accurately graded or undergraded.
I guess that when it makes little difference to value, the sellers figure they might as well be honest. It's when something greatly effects value that people start 'fudging.'