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JimBI thought it was the raw card collectors who keep bidding insane amounts just to get all those slabbed cards out of holders.
By the way, actual "mint" cards, those in 7, 8, and 9 holders today, got big premiums back in the days before card grading as well, though admittedly, there is more interest in them today. For the record, I know a lot of high-grade collectors who pay up for high-grade cards and have no interest at all in the registries, competing, or garnering public acknowledgment for their collections. They simply like high-grade cards. To each their own. Why this is a relentless issue for those that do not even collect high-grade cards is beyond me.
JimB