Not overstated. There are a ton of threads on blowout with before and after pictures showing exactly how cards were cut down. Well worth a read if you're thinking about spending any money with grading companies.
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PWCC: The Fish Stinks From the Head
PSA: Regularly Get Cheated
BGS: Can't detect trimming on modern
SGC: Closed auto authentication business
JSA: Approved same T206 Autos before SGC
Oh, what a difference a year makes.
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