Here's what really scares me about this whole mess:
I've always wondered if the technology to counterfeit a tobacco era card was possible; could one find paper, ink, and printing plates, for example, to reproduce a T206 and get it past a grader? And the answer was always that it would be impossible to do as it would be readily detected.
Now, with this overprint back getting holdered, as well as a couple of E94 overprints being encapsulated, the wall has been broken. What's stopping someone from creating nearly foolproof Old Puts, or taking a blank backed card such as M101-4/5, and creating a new back variation that no one has ever seen before? If the technology is good enough and it passes the grading test, then who knows what troubles lie ahead.
This could be one of the biggest dangers the vintage card market has ever faced.
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