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Misunderestimated (BKH)A "2" from me -- and I use both PSA and SGC's respective Registries...
On the whole they have defntiely helped my collection, fostered positive relationships and enhanced collecting in general etc....
But, human nature being what it is, people go overboard sometimes (I'm affraid that includes me at times) with the competitive aspects of it and caring too much about the holder and too little about the card.