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#4
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I think the hobby also saw a slight pricing spike when these cards first started to be graded by PSA and, later on, SGC. For years, those two graders didn't slab T3's, and once they started grading these gems (5 to 7 years ago?) the prices seemed to take off. This, of course, also ties into the registry, which likely ties into the competition that Anthony already mentioned.
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