Thanks for the comment.
Since I go my smart cover I have been rolling it up so that the suede side was out. Never liked doing it that way, because I didn't like the side of the cover that went against the screen being on the desk, collecting dust and dirt. And, I never thought of rolling it the other way. I just rolled it with the top part of the cover exposed and it works just as well that way without any problems.
Again, thanks for the observation.