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Josh K.actually if s/o soaked scrapbook paper and glue off right before my eyes, had it graded, and it rec'd a high grade, I would buy the card and would not discount it in the least. I think the big difference here is that I dont consider that an alteration. I consider gluing it to a scrapbook in the first place an alteration.
I notice no one has answered Hal's question, so I will ask a similar question: If you were packaging your cards and getting ready to send them to the graders and your kid ran by, tried to grab your t206 to see what it was and in doing so the snot on his finger was transfered to your card, must it stay there for all eternity or can you take a moist paper towel and wipe it off before sending it in?
If your answer is anything other than "it must stay there" you are being hypocritical.