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High-Low Beckett Prices

Can someone remind me what the two columns in the Beckett price guide reflects in regards to condition? I know they are low and high retail prices but what about condition? Are the vintage prices (like T206, 1952) based on a lower condition than, say, 1983? Knowing it's only a guide, I see the low high for 52& common being $20-40. What does this mean?
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