[Gradedcardman]

In my opinion it means everything. I bought a lot of 154 T206's in a recent auction. In the description the worst card was listed as fair. When the lot came there were 4 cards with holes in them and another 30+ with severe back damage. Personally I would of cut off my bidding at $3200 instead of the $4100 plus juice I paid. The 120 cards not damaged were nice but I still sent an email to the auction house that sold and have received no reply.