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Fred CI give the seller credit. At least they disclosed the paper loss. But then again the seller is probably smart enough to make sure everyone knows what they're buying because a $25K refund wouldn't be fun to make.
Yes, this is why grading is a joke. How the heck can a card with paper loss be graded a "6" based on eye appeal. I've seen cards get totally hammered because of "slight" paper loss. Then again this is PSA and we shouldn't forget the "Harris" collection.