Fantastic T206 card of Bill Graham hand-cut and likely uncirculated due to the rare multi-strike reverse. The card in addition to its Piedmont reverse includes elements of new fewer than three different Tolstoi backs each clearly visible from side to side. It is likely that the card originates from a press sheet that was marked for disposal perhaps intentionally run through multiple passes for the purposes of testing or proofing but clearly never intended for distribution. The card has seen significant wear but in the case of print anomalies such as this the card's true rarity and desirability lies in the colorful eye-popping advertisements on the card reverse. Extremely rare and desirable among T206 scholars and collectors.