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Chuck RI agree with the general sentiments here, but I would like to make an indirect defense of Adam's statement. In my end of the hobby, I see examples every day of common cards in crappy condition that might go for $2-5 max if things were different than they are today. Instead, someone will throw them on eBay entombed in a PSA1 crypt and several people will bid the thing up to $25 or $30. It is in these cases that I would agree that the emperor has no clothes. The cards I'm talking about are things like Horrors of War from 1938. They have been reprinted, but nobody with any experience would be fooled by a reprint. Hence, encapsulating for authenticity purposes is relatively pointless.