That's funny, I was just looking at this card and thought "I'm sure SGC and PSA would grade it a "1" because of the paper loss on the back". I'd guess that's why it is still in a BVG holder.
http://cgi.ebay.com/1948-LEAF-8-SATC...item230ee9dd56
However, my personal opinion is that this card should be a "2".
I don't think back damage should downgrade a card as severly as it would if the same damage was on the front (I know I'm in the miniority here).
I have quite a few SGC 10's with some back damage that fit this critieria.
https://picasaweb.google.com/danp306...33316378810738
Dan