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Bill KI can't justify grading all my pre-war cards because the cost per card isn't worthwhile. The sets I collect or other key type cards get sent in no matter the condition. That's about the only thing I have against it (that's my issue, not the grading companies though).
I get mine graded (by SGC) for the same reasons as Al. It keeps the cards secure/safe, they look fantastic with the black surround, and I know if I absolutely had to, I could sell them more easily graded and get more for them.
Since I look at the digial images of my cards much more frequently than holding them, the timeframe to get them back doesn't bother me (although I get anxious).
Bill
My personal collection - http://s47.photobucket.com/albums/f176/fkm_bky/