How is this a PSA 8???

[novakjr]

I don't think it's entirely terrible looking. Some of the issue looks like shadow, especially on the right side of the card. As far as the rough bottom edge and corners, it appears to be a well maintained, rough factory cut(which really isn't out of the ordinary for the time). I believe PSA gives some leeway for the edges in that era, as long as it still appears to be the natural factory cut.. On a modern card, where there is no leeway given, it definitely wouldn't be an 8. But for an older era, I don't think it's that far off.. That same card with a smoother cut on the bottom would possibly be an 8.5 or 9.