Graded "Authentic" by SGC due to minimum size not being met, an odd assertion given that the cards were issued in three-card vertical strips.  The Traynor card was located at the bottom of its strip, meaning the perforation was at the top edge, and the bottom edge was naturally machine-cut.  In this example, the perforations are  visible at the top, the natural edge clear at the bottom.  Regardless of the grading company assessment, the card appears strong, a VG example with some corner wear and softer edges.