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The rubber/foam ring falls apart with age and the cone flaps about and makes an awful noise. Cones are often paper, yes, but treated/coated and have to get pretty damp to go bad.I thought the speaker cone deteriorates with age and the paper cone eventually detaches from the rubber surround
I've seen speakers in all sorts of states, even one that's caught fire, at least, the coil.. that's not helped by dust