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davidcyclebackA definition of fake is something that is significantly mislabeled or misidentified-- the label and the object are distinctly different. Someone who relies on the label will be faked into believing the object is something it is not. When the label is corrected, the object is no longer a fake. Generally, 'fake' applies to major errors in identity (ala reprint versus original), rather than PSA mispelling 'Casey Stengel' on the label of his 1951 Bowman or calling an original Babe Ruth photo 1933 instead of 1931.
Notice that a fake isn't defined by the object alone, but by the object verus its label. If you call a 2003 reprint a 2003 reprint, it's not a fake. Someone relying on your label will know what it is-- a 2003 reprint.