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Steven FinleyInitially, no way ever. But, maybe the back is pristine. How many times have I seen a 2 or 3 T206 and said "No Way!" and then flipped it over and said "Oh.......OOOHHHH!!" Maybe the grader was a CJ back collector. JK.
All in all I don't think it really matters. Nine times out of ten presentation trumps grade and at auction or on ebay this would honestly pull what a PSA 2 would.