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MikeI slab for two reasons. One, to protect them. Two, so that I can do presentations to local civic organizations. It makes it easier to transport, and pass them around the room, if I so choose. I do local Rotary clubs, grade schools. I even did one for the local SABR group many years ago. I used to be a SABR member. 99% of all people never get to see an authentic Babe Ruth, or Lou Gehrig cards. They really get a kick out of it. Plus you can slab pins, autographs etc.
If and when I buy a raw card, I do not slab them to see what the "grade" is, I already know what it is when I purchase it. Or at least what it should be. I usually am right on. I have about 20 cards at PSA as we speak. I already know the grades. That isn't the issue.
One more point, We all have been burned by trimmed, or tampered with cards. One would hope that the slabbers would catch these flaws. And they do. Much to my sadness....
At the very least, I can always rip them put of their tombs if need be.