I think Packs' point is that a dealer can't give you an LOA that says anything about provenance, so all it would be doing is adding a fourth-party (in the case of a slab) opinion about authenticity and is that really worth anything?
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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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