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Joe D.reprints can be 'reprinted' again and again. All of your 1988 reprints can be reprinted today.
Will a collector care about getting the 1988 version or the 2006 version? I am going to guess no.
Reprints are cool if you just want to look through a whole set... so reprints do have their place. I wouldn't mind reprints of certain sets.
But I would think they have no value as collections, and there is no need to grade them.
jmho.