Multiple people have told me the reason PSA stopped grading is not that new ones were being run off printing plates, but that they had inadvertently graded some "Type II" cards -- preproduction samples never intended for distribution -- and were concerned they could not tell the difference.
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Four phrases I have coined that sum up today's hobby:
No consequences.
Stuff trumps all.
The flip is the commoodity.
Animal Farm grading.
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