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					Originally Posted by Mark17  Frankly I have never understood this.  If I get a 1962 Post Cereal card that was "sheet cut" in the first place, would it matter if, today, I trimmed it?  If so, why.
 It seems to me that Wagner deserved an Auth grade based on it being cut from a sheet, and subsequent cutting was no more an alteration than the original cutting.
 
 In other words, why would cutting a card from a sheet be acceptable, but cutting it a second time be criminal?
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 I've said this many times, and it NEVER seems to gain any traction.  I think you've analyzed it perfectly.