Can someone explain the grading on this card?

[Koufax32fan]

I am sitting in a meeting all morning so I decide to play around on eBay for a few minutes. While looking for Mathewson T206 cards, I found the following listing:

http://www.ebay.com/itm/1910-T206-Ch...#ht_2800wt_898

I know I am relatively new to Net54, and relatively new to T206, but how does a card that is missing paper front and back, and missing an entire corner, get graded a 2?

I want to be clear that I am not being critical of the seller. In fact, the seller has listed several similar cards in PSA 1 holders. See, for example:

http://www.ebay.com/itm/1910-T206-Ch...#ht_2865wt_898

I have read a few threads here and am even more convinced that it is important to buy the card and not the grade. In this situation (the PSA2), do people think this is an appropriate grade? Not being an "expert", I woudl have graded this card as Authentic. Just wondering what others think.

[btcarfagno]

Chipped, dirty, paper loss...looks like that grader had a bit too much egg nog. I agree that Auth would have been the way to go. I would take that 1 in your other photo over over the 2 any day, twice on Sunday.

Tom C

[midwaylandscaping]

I would take the 1 also. Better eye appeal all around

[GoldenAge50s]

Levi just paid a little more for THAT one, that's all!

They forgot to pick up their eyeglasses at Walmart

[ullmandds]

PSA is infallible...if they say its a 2...it's a 2.