Question about grading and a Mantle

Does PSA grade any card no matter what the condition? I saw a 62 Topps Mantle that was in terrible condition today, all four corners were frayed, creases across the middle, etc. if a card was sent in like this, does it automatically get a 1 or would they not even grade it? If they would grade it as a 1, what type of price would it go for? I don't know much about vintage cards and grading, but it would be neat to own a Mantle even in a poor condition.
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Comments
Mark
Raw: Tony Gonzalez (low #'d cards, and especially 1/1's) and Steve Young.
Seeking primarily PSA graded pre-war "type" cards
My PSA Registry Sets
34 Goudey, 75 Topps Mini, Hall of Fame Complete Set, 1985 Topps Tiffany, Hall of Fame Players Complete Set
Mark B.
Raw: Tony Gonzalez (low #'d cards, and especially 1/1's) and Steve Young.
That's about right, 59.00 for a 20.00 card. <eyeroll>
Steve
<< <i>marked at $59 in a card shop,
That's about right, 59.00 for a 20.00 card. <eyeroll>
Steve >>
W
lol
Steve
Save your money until you can buy a nice one
in a PSA holder.
This cardshop I go to for supplies, and his card prices are "reasonable" for a cardshop, has a 62 Mantle right now, atrocious chipping and some scuffing, really an unattractive looking card because of the bad chipping, it would almost definitely be a PSA 2, possibly a 1.....and he wants $325 for it.
Since you're willing to spend at least $59 for it, you'd do much better buying off ebay - finding that card in low grade condition isn't rare on ebay, so be patient and look for a good deal when you're bidding. For $59 you can get a "decent looking" low grade condition raw 62 Mantle.