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Declared Value Question for PSA Submission

If you have a real beater of a card that is worth say, $90 in a PSA 1 holder, and you believe it will grade a PSA 1 or maybe a 1.5 at most, can you submit that card under the $5 December Special, if the VG value is greater than $100?
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
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Doug
Liquidating my collection for the 3rd and final time. Time for others to enjoy what I have enjoyed over the last several decades. Money could be put to better use.