Jim,
Exactly what Jeff stated. I will add that there is no incentive for SGC or PSA to take slabbed altered cards off the market for the average collector barring a lawsuit or the threat of one. I think Baker is/was a great grader but I think grading companies, SGC included make more errors (by negligence, inexperience or...) than collectors are willing to acknowledge.
I don't know what the review process is that you are using but I would not be 100% sure that it is Reza who is looking at every single card you have submitted. My point is that when Baker was grading at PSA he was not the only one looking at cards. Now that Reza is in charge he is not the only one. Any grading company is only as good as its "worst" grader. By worst I mean the one(s) who intentionally or accidentally miss alterations.
Greg
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