I'm talking about the not acid free claycoat foam board that people used for years before it became to be known as not proper for good frming... I'm just wondering why clay is thought to do harm.
That's what I thought, but thanks for the clarification.
To my knowledge, the problem with foam boards was not the cover material, but offgassing from the expanded polystyrene core. I can still remember how the odor of plastic permeated the whole shop when we opened a carton of foam board, back in the day. Nowadays the foam board makers use better manufacturing processes that remove nearly all of the nasty gasses from the plastic core material, and the covering materials are better, as well.
Problems with the old foam boards were generally associated with chemical reactivity in the closed environment of a frame. With the composition of the framing materials unknown, potential chemical reactions inside the closed frame were (and still are) unpredictable. It always has been true that extremes of temperature, moisture, or light exposure could amplify destructive chemical reactions in the frame package.
Today, good-quality plastic products are commonly used in picture frames, such as fluted polypropylene, polystyrene foam, polyester, and acrylic, and they generally cause no problems in normal ambient conditions. However, high temperature, high moisture, and intense/prolonged light exposure can promote deterioration.
I'm no chemist, but the explanation might be that your fortunate frame has spent the past two decades in a moderate environment that did not promote destructive chemical reactions.