Other than PWCC, Heritage Auctions also sells raw cards. The condition of those cards is then included in the description. I have recently bought cards that were described as 5-7 but actually range from 8-10. Do you also feel that HA underrates raw cards to be on the safe side?
Do you have an example of a lot they said was 5-7 but was actually 8-10? That’s obviously a massive mess up if so.
As an example that says 7 and looks to be accurate
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I think HA tends to underrate raw cards to always have a happy customer. You want people’s expectations to be low, so that they’ll be pleasantly surprised when the cards come in. That will get them to bid again next time. 
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I note that you took the card of my profile picture as an example 
I will post a few pictures of the cards in this thread soon, along with the original heritage auction.
As @Dyl says, I think they are conservative with the grades.
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