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The text discusses the process of grading a Derek Jeter autographed baseball by PSA. The author got the ball signed by Jeter himself during his rookie year at a Minnesota Twins game. The form for grading involves filling out details about the item, getting the autograph authenticated for $50, and placing a sticker on the ball. The author declared a value of $500 for the autograph and expects a good grade despite some fading on the blue sharpie signature.