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David (hankron on tv)There was a big debate over this before. I overall agree with Scott's arguments. I'm not for an 'authentic' grade but see its practical purspose for rare circumstances, like a trimmed T206 Honus Wagner, 33 Goudey Lajoie or some brand new but trimmed discovery.
The valid point that was given against an authentic ony (no grade given) label, is that as we all know cards can often look better within a slab of plastic. This means that if no grade or similar descrition is given, the seller can take advantage with the fact that some problems are hidden.