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What to look for when grading a cello pack?

The centering of the top card does not seem as critical as I thought to receive a high grade, as the top card in a PSA 8 pack only needs to be centered 90/10 or better. Since this is much more lenient than card grading, what causes the lower grades?
I can see rips/tears/holes on wax packs much easier. Are they simply harder to detect on cellos? Any input or experience would be greatly appreciated. Thanks, Tom
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