Outstanding example, freshly-graded from an estate sale find of T206 cards with El Principe De Gales backs that were hidden away in an envelope, likely for more than a century.  The result is that the cards from that find are sharp and bright, with original color, most with no flaws besides lightly-touched corners.  This example has been harshly graded by PSA, the VG-EX assessment seemingly related to corner wear and top-to-bottom centering.  Some very light waviness to the paper near Davidson's ear can be observed under magnification, mentioned here solely for accuracy, though unlikely a contributing factor to the grade.