Tom, just my opinion as a collector and someone who puts together cuts for matted team projects:
1. Why cut it if it's alone on the page. Leave it in tact.
2. Leave it alone and let the collector mount it. Why put any doubt in their head that you used archival products.
3. Common themes and close proximity of sigs are all good reasons to not cut them. The only reason I would cut a multi signed page was if two sigs on there were rare or worth much more seperated. There are times when this can't be done especially when there are important sigs on the front and back and cutting for one would destroy the other. Again, there's all kinds of ways to display sigs so let a collector decide.
4. See #3.
5. Personally, I think it's more valuable if left alone because it's like a snapshot in time when these players were together...especially if it's dated.
Finally, my philosophy is this - if there are multiple sigs on a page, as a collector, I can always matt out the sigs I don't need, but I can never put them back together if I cut them.
Just my .02.
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