Graded VG 3 by PSA. Modestly graded example of a 1946-1949 W603 Sports Exchange Babe Ruth All-Star Picture File (Series 4). This issue was released over a period of four years by The Trading Post, one of the hobby's first periodicals. The offered example displays outstanding contrast and a crisp image of Ruth. Downgraded due to light foxing around the edges and some light creasing, most notably around the top left corner. A fantastic piece for any Babe Ruth collection. Reserve $200.