Hi all, I have just checked out the Fun 2010 Heritage auction. Boy, the opening bids seem high to me. All of the slabbed noted are graded by either PMG or PCGS. Can anyone tell me why the oldest currency TPG, CGA does not have any of their graded noted represented?
************************************************ How come? Is it due to a contract with the other 2 or is due to suspect grading issues? Thanks, Pay
********************************* I agree. That seems to be the overwhelming consensus. Someone sold their soul to the devil many years ago and the new owner is trying to right the ship but .......damage is done. Integrity seems to have returned but the damaged reputation coupled with extreme inexperience is going to be a killer.
I think the reason is obvious here!! There troubles have cought up with Them, It,s simple no trust no sale!! plain and simple!!
I'm not sure about prices being out of range. Cause they are all out of my range. But I have never been so pumped to watch this auction: http://coins.ha.com/common/search_results.php?N=51+793+794+791+1577+4294960220&Nf=Lot%20No|BTWN+20001+20365 They are auctioning off one of 3 examples known of the 1936 DOT And they are auctioning off a 1921 half Dollar in MS 66 EDIT: Sorry guys, I didn't notice this was the paper money forum.. ignore me.
Accepting a TPG in an auction qualifies as an endorsement and acceptance of their grading. In this case HA is not willing to do so. But I have seen instances where they shouldn't have accepted PCGS or PMG notes either.
************************************* Well yes, but clearly CXX has been given the heave ho by all of the major auction houses for all the right reasons. Any big player knows the aweful, slimy under the table crap that's been going on for years. The fact of the matter is that there are so many doctored and intentionally overgraded notes floating around that experienced bidders just consider them a coin flip as to rather their on the up and up. Seriously, when you bid on a note graded by the top 2 TPG's isn't your piece of mind like 1000% higher than the CXX graded note? Over the years there were so many CXX graded notes returned from furious winning bidders that ALL the major houses had to ban CXX to preserve their integrity. Also, just prior to this, very few bidders were even bidding on the CXX junk because of the reserve. What followed was the real clue. For nearly identical notes graded by CXX and the others, the reserve on the CXX was 20% lower. What does that tell you!! Have fun.
