jrdolan - I have wondered the same thing. There are websites out there whereby people have intentionally sent Pro Grading knowingly trimmed cards - the sender did the trimming, and the cards came back graded. Wonder if anyone has any links to a website whereby somebody intentionally sent a grading company reprints to see if they would still grade them as genuine? Of course PSA grades reprints but always marks them as reprints. Personally - I think PSA lowers their fine character and reputation by grading reprints - just my opinion.
I think PSA only grades licensed reprints, which would be marked. those would be counterfeits and unmarked- those are the ones people try to pass off on people.
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edit: lost scan
also, looks like the auction was SHILLED too.