The scan is hard to tell because of the black background of the insert on the SGC holder and the black background of the card. These are machine cut photos of each player mounted to a black background and the entire item folds up to display each player/card in an accordian style "wallet" of ballplayer photos.
These are from an accordian style collectible of the 1919 Reds. They are as much cards as the Baltimore Shirt Company issue which is almost identical in the way it was constructed and distributed, so the fact that most people consider these to be "cards" is not a stretch at all. They were not cut, but seperated along seams to make the cards seperated from the entire piece, but you are correct that it came from a larger piece as issued.
If you dont have a problem with the Baltimore Shirt Company cards, you shouldn't have a problem with these, but if you dont think think that stuff like either of these sets should be graded, I am not going to argue with you. It is an opinion thing which is why they just graded Authentic I am sure.
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