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Has anyone seen a flip like this?

I was wondering if anyone else has seen a flip like this?
The front of the flip looks good: older version, single line and rounded corners, but the back appears to be a sticker. As much as I can peer under the sticker, it seems as though the PSA logo is only on the sticker and not the blue flip. The logo is correctly aligned even though the sticker is not.
The card appears correctly graded and it would be unlikely to be faked for a $30-$40 card.

Just curious.

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