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PSSo long as a seller honestly answers inquiries from people like Jim to whom grading history matters, and I cannot think of a context where there is not opportunity for such communication, I am not sure there is an affirmative obligation to disclose it. I guess one possible response might be that all buyers are not as sophisticated as Jim and would not know of the issue and therefore would not know to ask. I would think most people buying expensive cards DO know, but I am just speculating.