In terms of a third-party grade, that's almost assuredly a 1, but it's a bit harder to establish a value on a card like that. Some collectors would rather submit to a sulfuric acid eye wash than own a card with that much paper loss, while others love scooping up cards with strong fronts but grade-killing flaws on the reverse. With the Johnson, I think the damage is bad enough and the card widely available enough that even those in the latter camp might shy away from this particular copy. With a tougher card or with less obtrusive wear on back, you'd probably see a premium over the typical 1 price.
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